Russian refinery due hydrogen production plant

JSC ForteInvest subsidiary JSC Orsknefteorgsintez has let a contract to Amec Foster Wheeler PLC for engineering and material supply of a steam reformer heater for hydrogen production for its 6 million-tonne/year refinery at Orsk, Russia. Source: News


Callon Petroleum adds Midland basin acreage

Callon Petroleum Co., Natchez, Miss., has completed its acquisition of certain assets in the Midland basin in Texas operated by Big Star Oil & Gas LLC, Midland, Tex., for $220 million in cash and 9.3 million shares of Callon common stock. Source: News


Petronet tries to renegotiate Gorgon LNG price

Indian firm Petronet, New Delhi, is reportedly in talks with ExxonMobil Corp. to renegotiate the price of LNG it signed for from the Gorgon-Jansz project on Barrow Island offshore Western Australia. Source: News


Lukoil commissions unit at Volgograd refinery

PJSC Lukoil subsidiary OOO Lukoil Volgogradneftepererabotka has commissioned a vacuum gas oil (VGO) deep-conversion hydrocracking complex at its Volgograd refinery in southern Russia as part of a program to boost overall capacities of the company’s refining assets. Source: News


FourPoint Energy closes Anadarko basin deal

FourPoint Energy LLC, Denver, has closed its $385-million acquisition of all of Chesapeake Energy Corp.’s oil and gas properties in the western Anadarko basin. Source: News


Ex-Whitney executives form Array Petroleum

Former executives of Whitney Oil & Gas LLC have formed Array Petroleum LLC, a privately held oil and gas producer based in New Orleans. Source: News


MARKET WATCH: Crude oil prices drop before OPEC meeting

Crude oil prices dropped slightly on both the New York and London markets on May 31. Analysts and other market observers attributed a lull in market news to the June 2 meeting in Vienna of the Organization of Petroleum Exporting Countries. Source: News