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FWS, producers split on proposed changes in wildlife refuge rules

05/21/2014

The US Fish and Wildlife Service (FWS) believes changes are necessary in regulations covering oil and gas activity within federal wildlife refuges, an FWS official told a US House Natural Resources Committee subcommittee. Three other witnesses representing producers with such operations strongly disagreed, while another from an environmental group called for stricter requirements.

Hess completes expansion of Tioga gas plant in North Dakota

05/21/2014

Hess Corp. has completed the expansion of its Tioga gas plant in northwestern North Dakota.

Gazprom, CNPC sign 30-year natural gas supply contract

05/21/2014

OAO Gazprom and China National Petroleum Corp. signed a 30-year natural gas supply contract reportedly worth $400 billion that earlier this year the two firms announced they were preparing to sign.

MARKET WATCH: NYMEX oil prices drop awaiting inventory report

05/21/2014

Crude oil futures prices declined modestly on the New York market May 20 in anticipation of a weekly government report that unexpectedly showed a significant drop in US oil inventories, which analysts attributed to increased refinery runs and reduced crude oil imports.

More cryo capacity to handle Permian production

05/21/2014

Lucid Energy Group LLC, Dallas, will install a 200-MMcfd cryogenic gas plant about 10 miles southeast of Big Lake in Reagan County, Tex., a site the company says is in the “heart of the Permian’s Midland basin.”

W&T Offshore completes purchase of deepwater gulf assets

05/21/2014

Houston-based independent W&T Energy VI LLC, a wholly owned subsidiary of W&T Offshore Inc., has completed its acquisition of exploration and production properties in the deepwater of the Gulf of Mexico from Woodside Energy (USA) Inc., a subsidiary of Woodside Petroleum Ltd., for $51 million.

Noble, Woodside terminate $2.5 billion MOU for Leviathan

05/21/2014

The nonbinding memorandum of understanding (MOU) for the $2.5 billion sale of interest in the Leviathan licenses offshore Israel between Noble Energy Inc. and Woodside Petroleum, first reported in December 2012, has been terminated by the companies.

LNG Canada lets FEED, project execution contracts

05/21/2014

LNG Canada Development Inc. let a front-end engineering and design contract and project execution services contract to Foster Wheeler AG subsidiary Global Engineering & Construction Group in joint venture with affiliates of Chiyoda Corp., Saipem SPA, and WorleyParsons Ltd., for its proposed LNG Canada export project in Kitimat, BC.

Bakken similar to other light crudes, study for NDPC finds

05/20/2014

Bakken crude oil is similar to other North American light, sweet grades and does not pose a greater rail transportation risk than other transportation fuels, a study commissioned by the North Dakota Petroleum Council (NDPC) concluded.

EPP begins refined products exports from Beaumont

05/20/2014

Enterprise Products Partners LP (EPP) has loaded the first cargo of refined products for export from its reactivated marine terminal in Beaumont, Tex. The terminal on the Neches River can load as much as 15,000 bbl/hr and includes a dock with 40-ft draft to accommodate Panamax vessels with a capacity as great as 400,000 bbl.

Koch to expand Eagle Ford crude line

05/20/2014

Koch Pipeline Co. LP, an indirect, wholly owned subsidiary of Koch Industries Inc., plans to install a 24-mile, 200,000-b/d pipeline in San Patricio County, Tex., effectively expanding the company’s South Texas crude oil pipeline system.

More exploration permits awarded offshore Western Australia

05/20/2014

Two more exploration permit awards have been made offshore Western Australia in the continuing acreage release program.

Gazprom says Ukraine’s debt at $3.508 billion for gas supplies

05/20/2014

OAO Gazprom says Ukraine’s debt for Russian natural gas supplies amounts to $3.508 billion, including unpaid deliveries for March and April.

CNPC, Rosneft plan to push forward on Tianjin refinery project

05/20/2014

China National Petroleum Corp. reported meeting with OAO Rosneft on May 15 to discuss “deepening strategic cooperation” in oil and gas.

Vietnam’s sole refinery enters planned maintenance

05/20/2014

Binh Son Refining & Petrochemical Co. Ltd. has shuttered its 140,000-b/d Dung Quat refinery in Quang Ngai Province, Vietnam, for 2 months of planned maintenance.

Indonesia orders study for South Sumatra refinery revamp

05/20/2014

PT Pertamina of Indonesia has selected Axens to develop a bankable feasibility study for the modernization and capacity expansion of the state-owned oil company’s Plaju refinery in Palembang, South Sumatra.

Keyera takes stake in Enbridge Athabasca diluent line

05/20/2014

Keyera Corp. has agreed with Enbridge Pipelines (Athabasca) Inc. to participate in the Norlite Pipeline as a 30% nonoperating owner. The Norlite Pipeline will move diluent for producers from the Edmonton-Fort Saskatchewan area into the Athabasca oil sands region.

MARKET WATCH: Crude oil prices mixed on global geopolitical concerns

05/20/2014

Crude oil futures prices rose on the New York market May 19 while benchmark Brent crude oil prices declined on the London market. Analysts said the market was getting mixed signals based on robust US oil supplies and also on geopolitical uncertainty in Ukraine and Libya.

‘Hydrocarbon leak’ shuts production at Statoil’s Snorre B platform

05/19/2014

Statoil ASA has shut down production from the Snorre B platform after it experienced a hydrocarbon leak into a recently identified crater measuring 100 cu m affiliated with a well at one of four seabed production frames, a company spokesman told OGJ on May 19. The crater was spotted May 17 after a routine inspection by a remotely operated underwater vehicle.

FERC issues FEIS for Maine’s Downeast LNG project

05/19/2014

The US Federal Energy Regulatory Commission has issued its final environmental impact statement (FEIS) for the Downeast LNG project in Washington County, Maine, proposed by Downeast LNG Inc. and Downeast Pipeline LLC.

Preem restarts units at Swedish refinery

05/19/2014

Swedish refiner Preem Petroleum AB, a wholly owned subsidiary of Corral Petroleum Holdings AB, Stockholm, has completed repairs to and restarted two units at its 210,000-b/d Lysekil, Sweden, refinery.

BLM to prepare EIS on large proposed Wyoming oil, gas project

05/19/2014

The US Bureau of Land Management plans to prepare an environmental impact statement based on five independent producers’ plans to develop natural gas resources in 1.5 million federally managed acres in Converse County, Wyo., BLM announced.

OMV completes butadiene plant upgrade at Austrian refinery

05/19/2014

OMV AG has completed the extension of a butadiene plant at its 203,900-b/d Schwechat refinery in Austria.

Eldfisk 2/7 S topside en route to southern North Sea

05/19/2014

The Kvaerner ASA-constructed Eldfisk 2/7 S topside, completed in April, has departed the company’s yard in Stord and is en route to the Greater Ekofisk area of the southern North Sea.

MARKET WATCH: Crude oil futures end week higher

05/19/2014

The New York Mercantile Exchange June crude oil contract price was up 52¢ on May 16, closing at $102.02/bbl. The July contract increased 45¢ to $101.58/bbl.

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