The government of Papua New Guinea has deployed about 300 armed troops into Hela province in the Southern Highlands to contain and stop gun violence near the ExxonMobil Corp.-led PNG-LNG project. Source: News
Eni furthers Mediterranean exploration
Eni SPA is advancing exploration in the Mediterranean in the Contract Area D offshore Libya. The company spudded its B1-16/3 well on Jan. 4 in 518 ft of water about 140 km northwest of Tripoli and 5 km north of Bahr Essalam gas field. The 9,865-ft well’s primary objective is the Metlaoui group reservoir, the […]
BOEM extends offshore liability requirement implementation
The US Bureau of Ocean Energy Management extended the deadline by 6 months for offshore oil and gas operators to implement a risk management and financial assurance program for decommissioning facilities under a notice to lessees it issued in September because of liability questions that have emerged. Source: News
Total hikes stake in Tullow Ugandan project
Total SA said it expects “a project sanction in the near future” after agreeing to pay Tullow Oil PLC $900 million for a 21.57% interest the companies’ Lake Albert joint venture in Uganda. Source: News
Khoshrou elevated to NIOC head of international affairs
Saeid Khoshrou has been appointed director of international affairs at National Iranian Oil Co. (NIOC), where he succeeds the retiring Mohsen Qamsari. Source: News
BHI: Global rig count added 94 units in December
The average global rig count gained 94 units month-over-month in December to total 1,772, with only modest movement outside the resurgent US and Canada, Baker Hughes Inc. reported. The count was down 197 compared with the December 2015 total. Source: News
EPA proposes adding gas processors to Toxic Releases Inventory rule
The US Environmental Protection Agency proposed adding natural gas processing facilities, including those that extract gas liquids, to reporting requirements under Section 313 of the Emergency Planning and Community Right-to-Know Act (EPCRA), commonly known as the Toxics Release Inventory (TRI). Source: News
MARKET WATCH: NYMEX, Brent crude oil prices fall after higher rig count
The light, sweet crude oil contract for February delivery rose modestly on the New York market Jan. 6 to settle at nearly $54/bbl while the Brent crude oil price for March delivery rose on the London market to settle above $57/bbl. Source: News
Delek US Holdings, Alon USA Energy to merge
Delek US Holdings Inc., Brentwood, Tenn., has entered a definitive agreement to buy all outstanding shares of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc., Dallas, which owns and operates a 74,000-b/sd refinery in Krotz Springs, La.; an idled 70,000-b/sd, three-refinery complex in California; and through its majority interest […]
Watching Government: Overturning the parting shots
Departing administrations often encourage political appointees to complete reports and regulations before their successors arrive soon after the new president’s inauguration. Source: News