Premier Oil to decommission Anoa subsea wells off Indonesia

Premier Oil PLC let a field decommissioning contract to GE Oil & Gas subsidiary PT VetcoGray Indonesia to support the removal of four subsea production trees in Anoa field offshore Indonesia that were installed during the 1990s. Source: News

Gunvor plans upgrades for Rotterdam refinery

Gunvor Petroleum Rotterdam BV (GPR), a subsidiary of Gunvor Group Ltd., Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d refinery and supporting product distribution network in Rotterdam, the Netherlands. Source: News

EIA reports 2.5 million-bbl decline in US crude stockpiles

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, fell 2.5 million bbl during the week ended Aug. 12 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report. Source: News

MARKET WATCH: Brent, NYMEX oil prices rose for fourth consecutive session

Brent crude oil prices topped $49/bbl on the London market on Aug. 16, marking the highest front-month settlement since July 4. US light, sweet crude oil price for September delivery settled above $46/bbl on the New York market on Aug. 16. Source: News

Four Corners methane study finds 10% of sources emit half of emissions

An extensive airborne survey of a previously identified methane hot spot in the US Four Corners area found that just 10% of the individual observed sources contributed half of the emissions, the National Aeronautics & Space Administration reported. Source: News

Canada launches EIS for Kitimat Clean refinery project

The Canadian Environmental Assessment Agency (CEAA) has concluded a public comment period on guidelines for its preparation of a federal environmental impact statement (EIS) for Kitimat Clean Ltd.’s long-planned Kitimat Clean Refinery Project (KCRP), a proposed refinery project to be built about 13 km north of Kitimat, BC. Source: News

Reger terminated as Northern Oil & Gas CEO

Michael L. Reger has been terminated as chief executive officer of Northern Oil & Gas Inc., Wayzata, Minn., amid a US Securities and Exchange Commission investigation of his activities outside of NOG. He also has ceased being a member of NOG’s board. Source: News

Rockhopper, Beach finalize sale of E&P assets in Egypt

UK-based Rockhopper Exploration PLC has reported the completion of its acquisition of Beach Petroleum (Egypt) Pty. Ltd., the Egyptian subsidiary of Beach Energy Ltd., Adelaide. Source: News

NPD: July oil production highest level in 5 years

The Norwegian Petroleum Directorate reported that Norway’s oil production in July reached its highest level in 5 years because many fields were “producing above prognosis.” Source: News