Sinopec Yangzi Petrochemical Co. Ltd., a wholly owned subsidiary of China Petroleum & Chemical Corp. (Sinopec), has commissioned a new processing unit to boost production of light olefins and aromatics at its integrated refining and petrochemical complex in Nanjing, Jiangsu Province, China. Source: News
BOEM to take comments on proposed offshore air rule for 14 more days
The US Bureau of Ocean Energy Management extended by 2 weeks the comment period for its proposed air-quality regulations for offshore oil and gas operations on May 6. The US Department of the Interior agency said it would accept comments for 60 days when it initially proposed the requirements in March (OGJ Online, Mar. 18, […]
MARKET WATCH: Oil prices fall on reports of slowing in spread of Canadian wildfires
Light, sweet crude prices settled below $44/bbl on the New York market on May 9, down more than $1/bbl on reports that the spread of Canada’s wildfires has slowed and the blaze has moved away from key oil sand production areas, at least for now. Source: News
Hearne, Krzywosinski to take new posts at Chevron
Nigel Hearne, deputy managing director of Chevron Australia Pty. Ltd. and its Australasia business unit (ABU), will become managing director of ABU on June 1. He will report to Steve W. Green, president of Chevron Asia Pacific Exploration & Production. Source: News
HyOil buys AWE’s remaining interest in Lengo gas field
AWE Ltd., Sydney, has signed an agreement to sell its 42.5% interest in the undeveloped Lengo natural gas project offshore Indonesia to HyOil Pte. Ltd. for as much as $26.5 million (Aus.). Lengo lies in the Bulu production-sharing contract offshore east Java. Source: News
Production resumes from Jubilee field offshore Ghana
Oil production from the Tullow Oil PLC-operated Jubilee field offshore Ghana resumed on May 3 and is ramping up. Source: News
Kosmos finds more gas offshore Senegal
Kosmos Energy Ltd. encountered 31 m of net natural gas pay in its Teranga-1 well in the Cayar Offshore Profond block about 65 km northwest of Dakar, Senegal. Source: News
EagleClaw commissions West Texas gas plant
EagleClaw Midstream Ventures LLC, a subsidiary of EagleClaw Midstream Services LLC, has commissioned its Toyah I natural gas processing plant in Reeves County, Tex. Source: News
Aramco chairman elevated to Saudi energy minister
Saudi Arabia has appointed Khalid al-Falih, chairman of state-owned Saudi Aramco, to head its new Ministry of Energy, Industry, and Mineral Resources. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices up modestly on Canada’s fires
Light, sweet crude prices settled at $44.66/bbl on the New York market on May 6, up modestly, as analysts monitored wildfires in Canada’s oil sands region and also noted statistics showing strong Chinese crude oil imports. Source: News