The boards of Noble Energy Inc., Houston, and Clayton Williams Energy Inc., Midland, Tex., have unanimously approved a definitive agreement under which Noble Energy will pay $2.7 billion in cash and stock to acquire Clayton Williams. Source: News
Rosneft, BP finalize dissolution of German refining JV
Rosneft PJSC and BP PLC have completed a previously announced plan to dissolve their Ruhr Oel GMBH joint venture. The companies finalized the deal to dissolve the refining and petrochemical JV on Jan. 1, Rosneft said. Source: News
HPCL lets contract for Visakh refinery revamp
Hindustan Petroleum Corp. Ltd. (HPCL) has let contracts to Engineers India Ltd. (EIL) for work related to HPCL’s previously announced project to expand and modernize its 8.3 million-tonne/year Vishakapatnam (Visakh) refinery in Andhra Pradesh, on the country’s eastern coast. Source: News
Cairn India reports 7% decline in production
Cairn India Ltd. reported a 7% decline in production in its latest quarter. The company cited a planned maintenance shutdown at its Mangala processing terminal on the Rajasthan block as well as natural declines in production from offshore assets. Source: News
Obama triumphant despite election's 'seismic repudiation'
Per custom, the president who pressed an 8-year regulatory siege against the US oil and gas industry is scripting his legacy. Source: News
Chile's Enap lets contract for Bio Bio refinery
State-owned Empresa Nacional del Petroleo (Enap), has let a contract to Fluor Corp., Irving, Tex., to provide engineering, procurement, and construction on a project aimed at improving environmental performance of subsidiary Enap Refinerias SA’s 116,000-b/d Bio Bio refinery at Hualpen, in Chile’s Bio Bio region. Source: News
Foxx signs ANPR seeking comments on crude-oil vapor pressure idea
US Sec. of Transportation Anthony Foxx has signed an advanced notice of possible rulemaking (ANPR) seeking government, industry, and public contributions on questions about establishing a vapor pressure threshold for crude oil as it is being transported. Source: News
Inpex, ADNOC ink deal to extend field development venture
Inpex Corp., Tokyo, reported an agreement in principle with Abu Dhabi National Oil Co. to extend the duration of joint development of Satah and Umm Al Dalkh oil fields offshore Abu Dhabi. Source: News
Lucas Energy enters Permian basin, changes name
Lucas Energy Inc., Houston, has agreed to partner with a private Houston-based oil and gas holding company in the Permian basin of Texas, and will change its name to Camber Energy Inc. to reflect the firm’s new operational focus. Source: News
RBC: Majors' capex to have more downward pressure in 2017
Capital expenditures (capex) of global integrated oil and gas companies are expected to fall a further 8% in 2017, according to a recent outlook by RBC Capital Markets. Source: News