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

Zarubezhneft to operate Kharyaga PSA

Total SA and Zarubezhneft have agreed to shift 20% and operatorship of the Kharyaga production-sharing agreement to the Russian company. No terms were reported. Source: News

Southwestern Energy to reduce workforce by 1,100

Southwestern Energy Co., Houston, plans to reduce its workforce by more than 1,100 employees resulting “primarily from anticipated lower drilling activity,” the company said on Jan. 21. Source: News

MARKET WATCH: NYMEX crude oil for February drops under $27/bbl

Light, sweet crude oil prices dropped nearly $2 on the New York market Jan. 21, settling at $26.55/bbl for February delivery and hitting a low last seen in 2003. Analysts said oil prices slumped along with declining stock market indexes worldwide, which they attributed to a slowing economy in China. Source: News

Sandridge to shut some Oklahoma disposal wells, reduce volume in others

Sandridge Energy Inc., Oklahoma City, agreed to reduce the volume of wastewaste going into disposal wells in the Medford and Cherokee-Byron areas. After negotiating with the Oklahoma Corporation Commission (OCC), Sandridge agreed to convert some disposal wells to research. Source: News