Suncor Energy Inc., Calgary, has cut its capital guidance for 2016 to $6-6.5 billion from $6.7-7.3 billion reported in November. Source: News
BOC commissions plant at New Zealand’s sole refinery
BOC Ltd., an industrial gases subsidiary of Germany’s Linde Group, has commissioned a plant that will capture carbon dioxide emissions from operations at New Zealand Refining Co. Ltd.’s (NZRC) 107,000-b/d Marsden Point refinery at Northland on the North Island’s east coast. Source: News
API official asks administration to pursue innovation, not regulation
The Obama administration should rely more on oil and gas industry innovation and cooperation, and less on heavier federal regulation, as it moves into its final year, an American Petroleum Institute official recommended. Source: News
Oxy’s 2016 capital program expected at ‘no more than $3 billion’
Occidental Petroleum Corp., Houston, said on Feb. 4 that its 2016 capital program is expected to be “no more than $3 billion with production growth of [2-4%] from ongoing operations.” Source: News
BP lets contract for Whiting refinery upgrades
BP PLC has let a contract to a division of Emerson Electric Co., St. Louis, Mo., to provide automation technologies for a project designed to upgrade two units at its 413,000-b/d refinery in Whiting, Ind. Source: News
Total signs HOA to supply LNG to ENN in China
Total SA has signed a binding heads of agreement with ENN LNG Trading Co. Ltd. for the delivery of 500,000 tonnes/year of LNG for 10 years. The deliveries will be sourced from Total’s global LNG portfolio and are expected to begin in 2018 after completion of ENN’s Zhoushan LNG receiving terminal. Source: News
ConocoPhillips reports $4.4-billion net loss for 2015, further reduces 2016 budget
ConocoPhillips, Houston, has lowered its capital expenditures guidance for 2016 to $6.4 billion from $7.7 billion and operating cost guidance to $7 billion from $7.7 billion. The previously determined spending levels were outlined in December. Source: News
Contract let for Pyrenees Phase 3 installation project
BHP Billiton Petroleum Pty. Ltd. has let a contract to Fugro for the Pyrenees Phase 3 installation project in 200 m of water and 45 km northwest of Exmouth offshore Western Australia. Source: News
AGL quits upstream natural gas projects
AGL Energy Ltd., Sydney, has decided to quit the natural gas exploration and production business, a move that includes walking away from several controversial coal seam gas (CSG) projects. Source: News
Statoil trims budget for 2016 by $1.7 billion
Norway’s Statoil ASA is reducing its organic capital expenditure to $13 billion in 2016 from $14.7 billion in 2015, the company reported. Source: News