PGNiG awarded production license in Pakistan

Pakistan’s Directorate General of Petroleum Concessions has awarded Poland state-owned PGNiG SA its first production license for the Kirthar block in southern Pakistan. PGNiG has owned the license since 2005 and will develop Rehman and Rizq natural gas fields, which are currently producing 500,000 cu m/day. Source: News


Nova Chemicals wraps polyethylene expansion at Joffre

Nova Chemicals Corp., Calgary, has commissioned the Polyethylene 1 (PE1) plant expansion project at its ethylene and PE complex in Joffre, near Read Deer, Alta. Source: News


Marathon lets contract for ULSD project at Garyville refinery

Marathon Petroleum Corp. has let a long-term contract to Praxair Inc., Danbury, Conn., to supply hydrogen to support an ultralow-sulfur diesel (ULSD) project at its 539,000-b/d refinery at Garyville, La. Source: News


SNE appraisals begin offshore Senegal

The Cairn Energy Ltd.-led group in the SNE oil discovery offshore Senegal has begun the 2017 appraisal program at the field, which was originally discovered in 2014. Source: News


BP starts production from Thunder Horse South expansion project

BP PLC has started production from the Thunder Horse South expansion project in the deepwater Gulf of Mexico. It’s expected to boost production at the Thunder Horse facility by an estimated 50,000 boe/d gross. Source: News


MARKET WATCH: NYMEX crude prices fall on US oversupply worries

The benchmark for light, sweet crude oil prices on the New York Mercantile Exchange began Jan. 23 on the decline after Baker Hughes Inc.’s latest US rig count rejuvenated oversupply concerns. Source: News


Shell selling 50% SADAF stake to SABIC

Royal Dutch Shell PLC will sell its 50% interest in the Saudi Petrochemical Co. (SADAF) joint venture to Saudi Basic Industries Corp. (SABIC), its partner, for $820 million. Source: News