Nigerian National Petroleum Corp. (NNPC) has stopped production at two of its three major refineries amid disruptions to feedstock availability following mid-January attacks by Nigerian militants on crude oil pipelines that supply the processing sites. Source: News
API: Fourth-quarter US completions down 51%
US oil and gas well completions in the fourth quarter of 2015 fell 51% from the total of the comparable quarter a year earlier, reports American Petroleum Institute. Source: News
Eni completes sale of big Saipem stake
Eni SPA has completed its sale of 12.5% plus one share of construction and drilling contractor Saipen SPA to Fondo Strategico Italiano SpA. Source: News
Contract terminated for Athena FPSO, extended for Umuroa FPSO
Ithaca Energy Inc. and BW Offshore Ltd. have agreed on a termination of the contract for the BW Athena floating production, storage, and offloading vessel, which will be demobilized in February. Source: News
Malaysian firm to buy Lundin’s Bertam FPSO
M3nergy Investment Ltd., a wholly owned subsidiary of M3nergy Bhd. of Malaysia, has agreed to acquire the Bertam floating production, storage, and offloading vessel from Lundin Petroleum AB for $265 million. Source: News
MARKET WATCH: NYMEX crude oil prices briefly climb above $30/bbl
Light, sweet crude oil prices climbed more than $1/bbl on the New York market Jan. 21, reaching a trading session high of $30.25/bbl before settling at $29.53/bbl. The momentum continued with crude prices rallying above $31/bbl in early trading on Jan. 22. Source: News
Husky cuts 2016 budget, defers drilling in western Canada
Husky Energy Inc., Calgary, has revised its capital spending plans for 2016 to $2.1-2.3 billion from $2.9-3.1 billion, primarily reflecting a deferral of discretionary activities in western Canada. Source: News
Aramco, Sinopec move to expand cooperation
Saudi Arabian Oil Co. (Saudi Aramco) and China Petroleum & Chemical Corp. (Sinopec) have signed a framework agreement for cooperation in activities related to oil and other energy. Source: News
Gazprom lets contract for Amur gas processing plant
OOO Gazprom Pererabotka Blagoveshchensk (GPB), a subsidiary of PJSC Gazprom, and general contractor partner NIPIgazpererabotka (Nipigaz), Moscow, have let a contract to Linde AG, Munich, to provide processing technology for the 49 billion-cu m/year grassroots Amur natural gas processing plant now under construction near Svobodny in Russia’s far-east Amur region. Source: News
Second flow test begins at Antelope-5 in Papua New Guinea
Total E&P PNG Ltd. has begun the second planned extended well test at Antelope-5 on its operated petroleum retention license 15 (PRL15) in the Gulf Province of Papua New Guinea. Source: News