PJSC Gazprom Neft says expected peak oil production has been doubled from Prirazlomnoye field in the Pechora Sea, 60 km offshore Russia. Source: News
API: US gasoline demand reached a new all-time high in February
Total US petroleum deliveries, a measure of consumer demand, gained 2% in February from year-ago levels to average 19.8 million b/d, according to the American Petroleum Institute’s monthly statistics. These were the highest February deliveries in 8 years. Source: News
Quadrant-led group to drill appraisal well off Western Australia
Encouraging reserves estimates for a discovery offshore Western Australia have led to a decision to drill an appraisal well this year. Source: News
NPD sets Sept. 6 applications deadline for blocks in APA 2016
The Norwegian Petroleum Directorate has set a Sept. 6 applications deadline for its 2016 Awards in Predefined Areas (APA) in the North Sea, Norwegian Sea, and Barents Sea. Awards will be announced during first-quarter 2017. Source: News
Gazprom Neft applies multistage frac job in Yuzhno-Priobskoye field
PJSC Gazprom Neft reported performing an 18-stage hydraulic fracturing operation in Russia’s Yuzhno-Priobskoye field. Well depth was about 4 km, with the horizontal section extending 920 m. Source: News
Fick named managing director of Gazprom EP International
Andrey Fick has been appointed managing director of Gazprom EP International BV, responsible for exploration and development outside of Russia. Most recently, he served as director general for Gazprom Russkaya. Source: News
PRL commissions study for upgrade of Karachi refinery
Pakistan Refinery Ltd. (PRL) has let a contract to Amec Foster Wheeler (AFW) to conduct a detailed feasibility study for the upgrade and expansion of its 47,110-b/d hydroskimming refinery along the coastal belt of Karachi, Pakistan. Source: News
MARKET WATCH: Oil prices surge on reports of Apr. 17 producers meeting
Oil prices surged Mar. 16 on New York and London markets after reports that leading oil producers might be willing to freeze production at January levels even if Iran refuses to join the proposed pact. Source: News
House panel votes to move pipeline safety bill to full committee
A US House Energy and Commerce Committee subcommittee unanimously approved pipeline safety legislation on Mar. 16 and sent the measure to the full committee for consideration. Source: News
Aramco, Shell to divide Motiva JV’s refining assets
Saudi Aramco and Royal Dutch Shell PLC have entered a preliminary agreement to separate assets of Motiva Enterprises LLC, the Houston-based refining and marketing joint venture equally owned and operated by the companies since 2002 (OGJ Online, Feb. 13, 2002). Source: News