BHI: US rig count down 9 in 18th-straight week of losses

The US drilling rig count dropped 9 units to 431 during the week ended Apr. 22, the 18th-straight week in which the count has fallen, according to Baker Hughes Inc. data. Last week’s 3-unit loss was the smallest of the year thus far. Source: News

S-Oil advances Onsan refinery, olefins expansion

S-Oil Corp., Seoul, through a contractor, has let a contract to Technip SA, Paris, to provide proprietary equipment for a unit to be built as part of S-Oil’s residue upgrading and capacity expansion project at the 669,000-b/d Onsan refinery complex in Ulsan, South Korea. Source: News

TE-6 exploration well spudded in northeastern Morocco

After nearly a decade, Moroccan national oil firm Office National des Hydrocarbures et des Mines (ONHYM) commenced drilling on its Tenerara Lakbir permit targeting Triassic sandstones at a total depth of 2,640 m. The Tendrara permit lies in the Oriental region’s Figuig province in northeast Morocco, 120 km from Gazoduc Maghreb Europe (GME) pipeline that […]

More wells planned for CD5 drill site in NPR-A

ConocoPhillips Alaska Inc. plans to drill additional wells and add associated on-pad infrastructure to boost production at its CD5 drill site in Alpine field in the National Petroleum Reserve-Alaska (NPR-A). Source: News

Casillas buys Chesapeake SCOOP interests

A partnership of privately held Casillas Petroleum Corp., Tulsa, and Kayne Anderson Energy Funds, Los Angeles, has purchased producing interests in the South Central Oklahoma Oil Province (SCOOP) play from Chesapeake Energy Corp. for $106 million. Source: News