US crude oil production in March averaged 9.127 million b/d, down from 9.133 million b/d in February and 9.648 million b/d in March 2015, according to the most recent data from the US Energy Information Administration. Source: News
Study gauges contingent-staffing complexity
Venezuela and the UK bracket the global market for contingent staffing complexity, according to an annual assessment by Staffing Industry Analysts (SIA), Mountain View, Calif. Source: News
TAEP: Depressed drilling, job activity to continue in Texas for near term
A recent increase in crude oil prices to roughly twice their February level has provided some optimism for the Texas upstream industry, but economist Karr Ingham warns the residual suffering will continue. Source: News
Russian refinery due hydrogen production plant
JSC ForteInvest subsidiary JSC Orsknefteorgsintez has let a contract to Amec Foster Wheeler PLC for engineering and material supply of a steam reformer heater for hydrogen production for its 6 million-tonne/year refinery at Orsk, Russia. Source: News
Aramco signs agreements aimed at expansion
Saudi Aramco has entered agreements aimed at expanding into offshore construction in Saudi Arabia. Source: News
Callon Petroleum adds Midland basin acreage
Callon Petroleum Co., Natchez, Miss., has completed its acquisition of certain assets in the Midland basin in Texas operated by Big Star Oil & Gas LLC, Midland, Tex., for $220 million in cash and 9.3 million shares of Callon common stock. Source: News
Petronet tries to renegotiate Gorgon LNG price
Indian firm Petronet, New Delhi, is reportedly in talks with ExxonMobil Corp. to renegotiate the price of LNG it signed for from the Gorgon-Jansz project on Barrow Island offshore Western Australia. Source: News
Lukoil commissions unit at Volgograd refinery
PJSC Lukoil subsidiary OOO Lukoil Volgogradneftepererabotka has commissioned a vacuum gas oil (VGO) deep-conversion hydrocracking complex at its Volgograd refinery in southern Russia as part of a program to boost overall capacities of the company’s refining assets. Source: News
FourPoint Energy closes Anadarko basin deal
FourPoint Energy LLC, Denver, has closed its $385-million acquisition of all of Chesapeake Energy Corp.’s oil and gas properties in the western Anadarko basin. Source: News
Ex-Whitney executives form Array Petroleum
Former executives of Whitney Oil & Gas LLC have formed Array Petroleum LLC, a privately held oil and gas producer based in New Orleans. Source: News