Noble to sell US gulf assets to restructuring Fieldwood Energy

Noble Energy Inc. agreed to sell its deepwater Gulf of Mexico assets to Fieldwood Energy for $710 million in a move the company calls “the last major step” in its portfolio transformation. The deal is conditional as Fieldwood is restructuring. Source: News

API asks EPA to deny states, small refiners' biofuel waiver requests

The American Petroleum Institute asked the US Environmental Protection Agency to deny petitions by small refiners and four states for waivers from the 2018 biofuel quotas the agency issued under the federal Renewable Fuel Standard Source: News

Egyptian group to buy Leviathan, Tamar gas

Noble Energy Inc. has signed agreements to sell 1.5 tcf of natural gas each from Leviathan and Tamar deepwater gas fields off Israel to an industrial consortium in Egypt. Noble said the consortium, Dolphinus Holdings Ltd., will supply industrial and petrochemical customers and future power generation in Egypt. Source: News

Chinese operator starts up world’s largest wet-gas sulfuric acid plant

Bestgrand Chemicals Group has commissioned what it is calling the world’s largest wet-gas sulfuric acid plant designed to treat over-the-fence acid gas sourced from neighboring CNOOC & Shell Petrochemicals Co. Ltd.’s petrochemical complex in the Daya Bay Economic & Technological Development Zone, Huizhou, Guangdong Province, China. Source: News

OPEC eyes long-term oil-supply management

The Organization of Petroleum Exporting Countries is working toward long-term management of oil supply by its members and collaborating countries, according to the new president. Suhail Al Mazrouei, minister of energy and industry of the United Arab Emirates and OPEC’s president for 2018, said a draft framework for a long-term alliance will be ready by […]

Total, Nova, and Borealis advance proposed USGC petchem combine

Affiliates of France’s Total SA, Austria’s Borealis AG, and Canada’s Nova Chemicals Corp. have signed definitive agreements to form a joint venture that would combine certain of the companies’ existing and future petrochemical operations along the US Gulf Coast.  Source: News

AOPL urges caution as Commerce issues steel import warning

The Association of Oil Pipe Lines urged caution as the US Department of Commerce said increasingly high steel imports threaten US national security. AOPL Pres. Andrew J. Black cautioned that placing tariffs on imported steel could reduce or delay pipeline projects and limit US job growth. Source: News

Cepsa gets 10% of concession off Abu Dhabi

Cia. Espanola de Petroleos SAU (Cepsa) has acquired a 20% interest in the Satah al Razboot (SARB) and Umm Lulu Concession offshore Abu Dhabi from Abu Dhabi National Oil Co.  Source: News

Watching Government: Western governors offer ideas

The current US secretary of the Interior and US Environmental Protection Agency administrator both emphasized working more closely with state governments during their US Senate confirmation hearings last year. Western Governors Association leaders have offered some suggestions in this regard already. Source: News