After a brief hiatus in drilling in early 2015, W&T Offshore Inc. has logged 149 ft of net oil pay in five zones in its Mahogany field on Ship Shoal Block 359 in the Gulf of Mexico. The SS 349 A-18 well was drilled on the western side of the field to extend the productive […]
MARKET WATCH: NYMEX crude oil price climbs on mixed inventory report
Light, sweet crude oil futures rose on the New York market for a second consecutive day to approach $53.80/bbl on Jan. 5 as traders and analysts reacted to a mixed inventory report that showed US crude oil supply levels fell while fuel supply levels jumped. Source: News
Jamieson named Turner & Townsend global director of downstream
Aileen Jamieson has been tabbed global director of downstream of independent professional services consultancy Turner & Townsend PLC. Source: News
Hardisty, Bunch take SVP roles at Lucas Energy
Lucas Energy Inc., Houston, has appointed Thomas E. Hardisty as senior vice-president of land and business development and J. Mark Bunch as senior vice-president of engineering and operations. Source: News
Hendry promoted to CFO post at Penn West
David Hendry has been elevated to the role of chief financial officer of Penn West Petroleum Ltd., Calgary, where he’ll succeed the outgoing David Dyck. Hendry had served as the company’s vice-president of finance for the last 2 years. Source: News
SOCAR lets contract for grassroots gas, petchem complex
State Oil Co. of Azerbaijan Republic (SOCAR) subsidiary SOCAR GPC has let a series of contracts to Technip SA, Paris, to deliver technology licensing and design work for a proposed grassroots gas processing and petrochemical complex to be built in Garadagh, Azerbaijan, 15 km south of Baku. Source: News
EIA: US to become net energy exporter in outlook to 2050
According to the US Energy Information Administration’s Annual Energy Outlook 2017 (AEO 2017), which has projections through 2050, the US will become a net energy exporter in most cases as petroleum liquid imports fall and natural gas exports rise. Source: News
Lucas Energy enters Permian, changes name
Lucas Energy Inc., Houston, has agreed to partner with a private Houston-based oil and gas holding company in the Permian basin of Texas, and will change its name to Camber Energy Inc. to reflect the firm’s new operational focus. Source: News
Workers for state-owned Petrotrin go on strike
Workers at Trinidad and Tobago’s state-owned Petrotrin have gone on strike, effectively shutting down the company’s 165,000-b/d refinery and stopping its 45,000 b/d crude oil production from fields both on and offshore. Source: News
Lebanese offshore licensing logjam loosens
A political logjam that has kept Lebanon out of promising natural gas development in the Eastern Mediterranean has begun to loosen. Source: News