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Mountaineer Keystone adds Marcellus assets

10/15/2014

Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC Energy Inc. and Lime Rock Partners LLC with interests in the Marcellus shale, for a total of $500 million.

Russia likely to remain important European gas supplier, report says

10/15/2014

Europe’s natural gas supply mix likely won’t change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded. This effectively will ensure a continuing significant market share for Russia, it said.

Petrobras starts production from Iracema discovery

10/15/2014

Petroleo Brasileiro SA (Petrobras) has started production from the Iracema area on Block BM-S-11 in the Santos basin offshore Brazil.

Statoil’s Lund to join BG Group as chief executive officer

10/15/2014

BG Group has appointed Helge Lund as chief executive officer and as an executive director, effective Mar. 2, 2015. Lund has served as president and CEO of Statoil ASA since 2004.

TGP concludes open season for South System line, starts one for Lone Star project

10/15/2014

Kinder Morgan Energy Partners LP subsidiary Tennessee Gas Pipeline Co. LLC (TGP) completed a successful binding open season for its South System flexibility project for 500,000 dth/day of north-to-south natural gas transportation capacity on its system.

MARKET WATCH: NYMEX, Brent oil futures plunge

10/15/2014

Crude oil prices dipped by more than $3/bbl on both the New York and London markets Oct. 14, which analysts attributed to stagnant world oil demand growth. US light, sweet crude settled Oct. 14 under $82/bbl.

Shenchi Group lets contract for Chinese gasification plant

10/15/2014

Shandong Sincier Chemical Group Co. Ltd., a subsidiary of Shandong Chemical Group Co. Ltd. (Shenchi Group), has let a contract to CB&I, Houston, for the license and engineering design of a gasification unit to be built near Dongying in China’s Shandong Province.

DPE makes deep gas discovery offshore Dubai

10/14/2014

Dubai Petroleum Establishment (DPE) reported that its T-02 deep gas exploration well has identified largely natural gas with no hydrogen sulfide content in the Pre Khuff formation in the Fateh field offshore Dubai. Drilled to 18,248 ft, T-02 is the deepest well in Dubai to date, DPE said.

Pemex lets production systems contract for Lakach development

10/14/2014

Petroleos Mexicanos (Pemex) has let a $290-million subsea production systems contract to OneSubsea, a joint venture of Cameron International Corp. and Schlumberger Ltd., for development of Lakach gas field in the deepwater Gulf of Mexico.

KMEP to expand Houston Ship Channel terminals

10/14/2014

Kinder Morgan Energy Partners LP (KMEP) plans to expand its Pasadena and Galena Park terminals on the Houston Ship Channel to provide additional refined product storage and dock services.

BLM Rock Springs office seeks comments on proposed gas project

10/14/2014

The US Bureau of Land Management’s Rock Springs field office is seeking public comments on a proposal to develop up to 17 natural gas wells on as many as 5 well pads about 35 miles northwest of Baggs, Wyo., in Sweetwater County.

Contract let for TAPI gas pipeline feasibility study

10/14/2014

The Asian Development Bank (ADB) has awarded a contract to Penspen Ltd., London, to conduct a technical feasibility study for the proposed 1,820-km, 56-in. OD pipeline from Turkmenistan’s 16-trillion cu m Galkynysh gas field, to Afghanistan, Pakistan, and India (TAPI).

Contract let for early Snorre C TLP work

10/14/2014

Statoil has let a contract to Wood Group Mustang for preliminary work on a tension-leg platform proposed for Snorre oil and gas field in the Tampen area of the Norwegian North Sea.

Petron advances Bataan refinery revamp

10/14/2014

Petron Corp., Mandaluyong City, Philippines, has started up major units that form part of the $2 billion Refinery Master Plan 2 (RMP-2) upgrade project at its 180,000-b/d Bataan refinery at Limay, about 150 km southwest of Manila.

Study: EPA overlooks large methane sources

10/14/2014

Methane inventories by the US Environmental Protection Agency, which underlie efforts to regulate emissions from hydraulic fracturing and other oil and gas work, overlook other, potentially larger sources of the greenhouse gas, a study by Los Alamos National Laboratory (LANL) suggests.

Exterran joins Woodford Express to build Oklahoma gas plant

10/14/2014

Exterran Holdings, Houston, will join Woodford Express LLC, a subsidiary of Xplorer Midstream LLC, Oklahoma City, to build a 210-MMcfd natural gas processing plant at Woodford’s Grady County gas processing site in the south-central Oklahoma Oil Province shale play.

Midstream unit awards North Louisiana gas plant contract

10/14/2014

PennTex North Louisiana LLC, a unit of PennTex Midstream Partners LLC, Houston, has selected UOP LLC, Des Plaines, Ill., to engineer, procure, and construct (EPC) a gas processing plant to recover NGLs in northern Louisiana.

IEA reduces global oil demand forecast again on slower economic growth

10/14/2014

The International Energy Agency’s Oil Market Report (OMR) for October continues to reduce its forecast of global oil demand for 2014 by 200,000 b/d from the previous month, to 92.4 million b/d, in line with lower expectations of economic growth and the weak recent trend.

Woodside farms into offshore Cameroon block

10/14/2014

Woodside Petroleum Ltd., Perth, has farmed into the Tilapia production-sharing contract offshore Cameroon under an agreement with Glencore and Noble Energy Inc.

Northeast Australia gas line link contemplated

10/14/2014

The Northern Territory government has put its weight behind a proposal to build an Alice Springs-to-Moomba natural gas pipeline. This would link the Northern Territory fields with the Moomba hub in South Australia that already has connections to Queensland, New South Wales, and (indirectly) Victoria.

Kurnell shuts as refinery to become fuel import terminal

10/14/2014

Caltex Australia Ltd.’s 135,000-b/d Kurnell refinery at Sydney has now become Australia’s largest fuel import terminal following the closure of refinery operations this week.

 

Skea to be president of Energy Institute

10/14/2014

Jim Skea, professor of sustainable energy at the Centre for Environmental Policy, Imperial College, is president-elect of the Energy Institute, London. He will be nominated for appointment to the position at the group’s annual general meeting in June 2015.

Santos coal seam gas pipeline gets first gas

10/14/2014

The Santos Ltd.-led Gladstone LNG project in Queensland has introduced natural gas from its Surat-Bowen basin coal seam gas fields into the 420 km pipeline linking them to the LNG plant on Curtis Island for the first time.

Details emerge on Pemex’s Salina Cruz refinery upgrade

10/14/2014

Mexico’s Petroleos Mexicanos (Pemex) has let a contract to a subsidiary of Foster Wheeler AG’s global engineering and construction group for work related to an ultralow-sulfur diesel (ULSD) project at its Antonio Dovali Jaime refinery in Salina Cruz, Oaxaca.

Ergon plans Mississippi refinery expansion

10/14/2014

Ergon Inc., Jackson, Miss., is planning a $150-million expansion at its subsidiary Ergon Refining Inc.’s specialty naphthenic base oil refinery in Vicksburg, Miss., the company said.

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