Victoria Oil & Gas (VOG) has increased its Logbaba natural gas production operations, adding 75% interest in the adjacent 1,235-sq km Matanda block in Cameroon. North Matanda field is estimated to hold in-place reserves of 1.8 tcf of gas and 136 million bbl of condensate, the company said. Source: News
Kosmos Energy updates Jubilee field operations
Kosmos Energy Ltd., Dallas, reported that it was informed by Tullow Oil PLC, operator of the Jubilee unit offshore Ghana, of a change to operating procedures on the Jubilee field floating production, storage, and offloading vessel. Oil production and natural gas exports from the area are continuing as normal, however. Source: News
18 Feb 2016 12:58:30 EST – The latest stock information is now available for your stocks
XOM Last 82.585 Change +0.585 % Change 0.71% Volume 8,177,330 As of: 18 Feb 2016 12:58:30 EST View: Stock Quote | News CVX Last 87.61 Change –0.70 […]
OMV focuses on ‘highly profitable barrels’
OMV AG will deemphasize growth of oil and gas production under a new strategy that safeguards cash flow, focuses a restructured downstream oil business on utilization efficiency, and restructures downstream gas operations. Source: News
MARKET WATCH: NYMEX crude oil climbs back above $30/bbl
Light, sweet crude oil prices for March delivery gained more than $1/bbl on the New York market to settle above $30/bbl after Iran Oil Minister Bijan Zanganeh called a production freeze pact struck by Saudi Arabia, Qatar, Venezuela, and Russia a “first step” toward stabilizing the market. Source: News
PHMSA releases preliminary report on Plains line failure in California
External corrosion under the insulation caused the May 15, 2015, rupture of a Plains All American crude oil pipeline in California, the US Pipeline and Hazardous Materials Safety Administration said in a preliminary report from its ongoing investigation of the incident. Source: News
18 Feb 2016 11:55:48 EST – The latest stock information is now available for your stocks
XOM Last 82.35 Change +0.35 % Change 0.43% Volume 6,792,092 As of: 18 Feb 2016 11:55:48 EST View: Stock Quote | News CVX Last 87.77 Change –0.54 […]
Phillips 66 Partners to buy interest in Sweeny NGL fractionator
Phillips 66 Partners LP has agreed to acquire 25% controlling interest in Phillips 66 Sweeny Frac LLC, owner of the newly constructed Sweeny Fractionator One and Clemens Caverns storage facility, from Phillips 66 Co. for $236 million. The deal is expected to close in early March. Source: News
18 Feb 2016 11:02:13 EST – The latest stock information is now available for your stocks
XOM Last 82.33 Change +0.33 % Change 0.4% Volume 4,909,609 As of: 18 Feb 2016 11:02:13 EST View: Stock Quote | News CVX Last 87.47 Change –0.84 […]
Hirshberg, Fox take new executive roles at ConocoPhillips
Al Hirshberg has been named ConocoPhillips executive vice-president, production, drilling, and projects. He currently serves as executive vice-president, technology, and projects. Matt Fox has been named executive vice-president, strategy, exploration, and technology. He’s currently executive vice-president, exploration and production. Source: News