Gazprom starts Kharasaveyskoye development

Gazprom has begun full-scale development of Kharasaveyskoye gas and condensate field on Russia’s Yamal Peninsula. It said production will start in 2023 at 32 billion cu m/year from Cenomanian-Aptian deposits. Later production will come from deeper Necomian-Jurassic strata. Source: News

Borouge lets contract for Ruwais petrochemical complex

Abu Dhabi Polymers Co. Ltd. (Borouge), a joint venture of Abu Dhabi National Oil Co. and Borealis AG, has let a contract to WorleyParsons to provide project management consultancy for the proposed expansion of Borouge’s integrated polyolefins complex in Ruwais, about 250 km west of Abu Dhabi City, UAE. Source: News

Total-led Papua LNG project gas agreement timed for April

The natural gas agreement for the $13-billion Total SA-operated Papua LNG (Elk-Antelope) project in the Eastern Highlands of Papua New Guinea is likely to be signed on Apr. 5, according to the country’s Prime Minister Peter O’Neill. He made the announcement when giving the opening address to the Papua New Guinea Petroleum & Energy Summit […]

MARKET WATCH: NYMEX crude oil moves above $60/bbl

Light, sweet crude oil for May delivery increased just shy of $1 to settle above $60/bbl on Mar. 20. Government data Mar. 20 indicated a tightening of US oil supplies, pushing the price past the $60/bbl mark for the first time since Nov. 9, 2018. Analysts expected a small drawdown in supplies, but the US […]

Williams, CPPIB form Marcellus-Utica midstream venture

Williams Cos. has entered into a long-term partnership with Canada Pension Plan Investment Board to establish a $3.8-billion joint venture that will include Williams’ wholly owned Ohio Valley Midstream system and 100% of the Utica East Ohio Midstream system. CPPIB will invest about $1.34 billion for a 35% ownership stake in the venture. Williams will […]

Region-wide gulf lease sale yields $244.3 million in high bids

The latest region-wide Gulf of Mexico lease sale, held Mar. 20 in New Orleans by the US Bureau of Ocean Energy Management, generated $244.3 million in apparent high bids for 227 tracts. There were a total of 14,699 tracts offered in the gulf’s federal waters. Source: News

Oil & Gas UK estimates $265 billion of UKCS E&P investment needed by 2035

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf. Vision 2035 is a framework for the UKCS led by Oil & Gas UK and the Oil & Gas Authority. Source: News

EPA starts to prioritize 40 chemicals under the amended TSCA

The US Environmental Protection Agency published a list of 40 chemicals on Mar. 20 that it intends to review and prioritize for risk evaluation under the amended Toxic Substances Control Act (TSCA). It said it was releasing the list to give the public opportunities to submit relevant information such as the uses, hazards, and exposure […]

ESAI: Project delays to sink oil sands output in 2019

Canadian oil sands production in 2019 will be almost 230,000 b/d lower than last year, according to ESAI Energy’s recently published North America Watch. Planned Canadian oil sands projects are being pushed back in response to further delays in pipeline egress and the mandated output cuts by the Alberta provincial government. Source: News