BHI: US rig count begins 2016 with 34-unit dive

The overall US drilling rig count began the year with its largest decline since last April, plunging 34 units to 664 during the week ended Jan. 8, according to Baker Hughes Inc. data. Source: News


Limetree Bay Terminals finalizes deal for St. Croix refining complex

Limetree Bay Terminals LLC (LB Terminals), an 80-20 joint venture of ArcLight Capital Partners LLC, Boston, and partner Freepoint Commodities LLC, Stamford, Conn., has finalized agreements with Hovensa LLC and the US Virgin Islands for the purchase and planned restart of idled storage terminals, refining units, and marine systems at Hovensa’s idled refinery at Limetree […]


Statoil halts gas leak at Karsto processing plant

Statoil ASA reported that it has stopped a natural gas leak that occurred during the evening of Jan. 7 at the Karsto processing plant north of Stavanger. Source: News


Lundin updates drilling campaign offshore Malaysia

Lundin Malaysia BV, a wholly owned subsidiary of Lundin Petroleum AB, completed the Imbok-1 exploration well on Blocks SB307 and SB308, offshore Saba, East Malaysia. The well, which was drilled using the West Prospero jack up rig, encountered minor oil shows. The well has been plugged. Source: News


Buru makes oil find onshore Canning basin

Buru Energy Ltd., Perth, has found oil in a new play in its Ungani Far West-1 wildcat in production licence L21 in the onshore Canning basin of north Western Australia. Source: News