Statoil ASA has submitted a plan for development and operation (PDO) for the 2005 Byrding discovery to Norwegian authorities, and said recoverable volumes are estimated at 11 million boe. Source: News
Energean to develop two fields off Israel
Energean Oil & Gas, Athens, has committed to submit within 6 months a development plan for deepwater Karish and Tanin natural gas and condensate fields offshore Israel, 100% interests in which it agreed to acquire. Source: News
Eni lets contract for Zohr gas processing plant
Belayim Petroleum Co. (Petrobel), a joint venture of wholly owned Eni SPA subsidiary IEOC Production BV and Egyptian General Petroleum Corp., has let a contract to Frames Group BV, Alphen aan den Rijn, the Netherlands, to provide processing equipment for a gas plant connected to the first phase of development of deepwater Zohr natural gas […]
MARKET WATCH: Brent crude stays above $50/bbl on production freeze talk
Brent crude oil prices for October delivery rose by more than $1 on the London market Aug. 18 to close at nearly $51/bbl while light, sweet crude oil prices on the New York market rose by more than $1.40 to settle above $48/bbl. Source: News
SABIC lets contract for UK petrochemicals plant
Saudi Arabia Basic Industries Corp. (SABIC) has let a contract to Wood Group PLC, Aberdeen, to provide engineering design services for an unidentified project at subsidiary SABIC UK Petrochemicals Ltd.’s Teesside petrochemicals complex in Wilton, UK. Source: News
Federated Cooperatives lets contract for Saskatchewan refinery
Federated Cooperatives Ltd. (FCL) has let a contract to General Electric International Inc. subsidiary GE Power, Schenectady, NY, to provide advanced water-recycling technology for a wastewater improvement project (WIP) at its Coop Refinery Complex (CRC) in Regina, Sask. Source: News
ENOC to expand Dubai condensate refinery
State-owned Emirates National Oil Co. (ENOC) of Dubai plans to expand capacity of its 140,000-b/sd condensate refinery at Jebel Ali to 210,000 b/sd. Source: News
PHMSA issues pipeline status advisory bulletin
The US Pipeline & Hazardous Materials Safety Administration issued an advisory bulletin about procedures for changing a pipeline’s status from active to abandoned for pipeline owners and operators, and federal and state pipeline safety personnel. Source: News
AOPL releases annual pipeline safety report, strategic plan
The Association of Oil Pipe Lines released the 2016 API-AOPL Annual Liquids Pipeline Safety Excellence Performance Report & Strategic Plan, which it developed jointly with the American Petroleum Institute. Source: News
Continental agrees to sell 80,000 acres in North Dakota, Montana
Continental Resources Inc., Oklahoma City, has agreed to sell nonstrategic properties in North Dakota and Montana to an undisclosed buyer for $222 million. Source: News