Total US petroleum deliveries, a measure of consumer demand, averaged 19.7 million b/d in December, a 1.1% increase over December 2014, according to the American Petroleum Institute’s latest Monthly Statistical Report. The level reached was the highest December total in 5 years. Source: News
New COGCC rules aim to increase community roles in oil, gas plans
The Colorado Oil & Gas Conservation Commission issued new rules aimed at enhancing local communities’ participation in locating and planning for future oil and gas operations. The rules require operators to notify local governments earlier when activity will be adjacent to communities, call for additional mitigation measures and best management practices there, and encourage sharing […]
Kosmos finds gas with Guembeul-1 offshore Senegal
Kosmos Energy Ltd.’s first attempt to delineate the Greater Tortue area offshore Senegal encountered 101 m of net natural gas pay in two reservoirs in the northern part of the St. Louis Offshore Profond license area, the company said. Source: News
Contract let for hook-up services for Ichthys LNG project
Samsung Heavy Industries Co. has let a contract to Perth-based engineering firm Clough Ltd. for hook-up services on the Ichthys LNG project’s central processing facility (CPF) offshore Western Australia. Source: News
Noble cuts 2016 budget in half to $1.5 billion
Noble Energy Inc., Houston, is beginning 2016 with a capital program of $1.5 billion, about 50% lower compared with that of 2015 pro-forma for the Rosetta Resources Inc. merger. Source: News
Gas flow starts from Chuandongbei project in southwest China
Unocal East China Sea Ltd., a wholly owned subsidiary of Chevron Corp., has started natural gas production from the first stage of the Chuandongbei project in southwest China. Source: News
Cox named head of E&P for Centrica
Chris Cox has been named head of exploration and production for Centrica PLC. Cox has worked for BG Group, Chevron Corp., and Amerada Hess in North Sea operating roles. Source: News
MARKET WATCH: NYMEX crude oil futures price settles above $31/bbl
Light, sweet crude prices rose by more than $1/bbl on the New York market Jan. 26 to settle above $31/bbl in a volatile week for oil prices while traders and analysts awaited release of the weekly government crude oil and product inventory, which showed a smaller-than-expected gain in crude. Source: News
Carrier acquires Sugarloaf interests from AWE
Carrier Energy Partners, Sugar Land, Tex., has acquired certain US Sugarloaf shale assets in the Eagle Ford area in South Texas from Sydney-based AWE Ltd. for $190 million in cash. Source: News
Shell enters talks for sale of Malaysian refinery
Royal Dutch Shell PLC has entered discussions with China’s Shandong Hengyuan Petrochemical Co. Ltd. (SHP), Shandong, regarding the possible sale of subsidiary Shell Overseas Holdings Ltd.’s (SOHL) majority interest in Shell Refining Co. (FOM) Bhd.’s (SRC) 125,000-b/d refinery in Port Dickson, Malaysia. Source: News