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Statoil installs compressors to extend North Sea fields’ lives

09/22/2014

Faced with falling reservoir pressures, Statoil ASA is installing compressors in the Norwegian North Sea to extend field lifetimes and produce an extra 1.2 billion boe.

Petrotrin to start up long-delayed ULSD plant early next year

09/22/2014

Trinidad and Tobago’s state-owned Petrotrin LLC has said its ultralow-sulfur diesel (ULSD) plant will begin production in second-quarter 2015.

Groups ask Obama to impose methane emissions limits

09/22/2014

Leaders of 16 national environmental organizations have asked US President Barack Obama to impose methane emissions limits on the US oil and gas industry. “The…sector is the largest industrial source of methane, which is a potent climate pollutant more than 80 times as powerful as carbon dioxide on a 20-year timeframe,” they said in their Sept. 18 letter to Obama.

BIS condensates ruling galvanized crude exports debate, speakers say

09/22/2014

A US Department of Commerce agency’s controversial condensate exports decision in late June that purportedly dealt with distillation actually involved stabilization, a different upgrading process, a Turner Mason & Co. official said on Sept. 19.

Templar completes purchase of Granite Wash assets

09/22/2014

Templar Energy LLC, Oklahoma City, has completed its acquisition of Granite Wash assets from Houston-based Newfield Exploration Co. for $588 million.

Bolivia begins testing new unit at Cochabamba refinery

09/22/2014

State-owned Yacimientos Petroliferos Fiscales Bolivianos Refinación SA (YPFB) has started test runs at a newly built crude unit at the 28,000-b/d Gualberto Villarroel refinery at Cochabamba, Bolivia.

Future of Croatian refinery remains uncertain

09/19/2014

Croatia’s Ministry of Economy said it remains to committed to working with Hungary’s state-owned MOL PLC, a subsidiary of MOL Group, Budapest, to prevent the shuttering of jointly owned INA Industrija Nafte d.d.’s  44,000-b/d refinery in Sisak, Croatia, located about 30 miles south of Zagreb.

 

Price of gasoline important to US policy (sometimes)

09/19/2014

The price of gasoline is important in the making of US energy policy—except when it is not.

BHI: US drilling rig count holds steady at 1,931

09/19/2014

The US drilling rig count was unchanged at 1,931 rigs working during the week ended Sept. 19, Baker Hughes Inc. reported.

Cenovus starts production from Phase F at Foster Creek oil sands project

09/19/2014

Cenovus Energy Inc., Calgary, started oil production earlier this month at its recently completed Phase F expansion at its Foster Creek oil sands project in western Canada. Phase F is expected to add 30,000 b/d of capacity, with production ramping up over the next 12-18 months.

IAGC appoints new president

09/19/2014

The board of the International Association of Geophysical Contractors has reported that Ken Wells has been named as the organization’s president.

MARKET WATCH: Crude oil futures down more than $1 in New York, London

09/19/2014

The New York Mercantile Exchange October crude oil contract lost $1.35 to $93.07/bbl on Sept. 18. The November contract declined $1.22 to $91.98/bbl.

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014

ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted operations on its first arctic exploration well—University-1—in Russia’s Kara Sea.

ExxonMobil, Linn to make second asset exchange this year

09/19/2014

ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in exchange for 17,800 net acres encompassing the Permian basin in Texas and Delaware basin in New Mexico. The transaction, effective June 1, is expected to close in the fourth quarter.

API: US petroleum deliveries rose in August

09/19/2014

Total US petroleum deliveries, a measure of demand, increased 1% from August 2013 to average 19.3 million b/d last month, recording the highest August deliveries in 3 years, according to the American Petroleum Institute’s monthly statistics for August.

Inpex to increase recovery, lifespan at Minami-Nagaoka field

09/19/2014

Inpex Corp. plans to upgrade facilities at its Koshijihara plant to enhance natural gas and condensate recovery at Minami-Nagaoka gas field in Japan.

Wild Well completes second capping stack

09/18/2014

Wild Well Control Inc., a subsidiary of Superior Energy Services, has completed a subsea capping stack stationed in Singapore to serve the area during a deepwater well control incident. The company’s first unit resides in Aberdeen.

GMU forum: More energy cases could head to Supreme Court in 2015

09/18/2014

The US Environmental Protection Agency’s ambitious regulatory agenda potentially could push more energy cases to the US Supreme Court in 2015, speakers agreed at a Sept. 18 forum sponsored by George Mason University Law School’s Law & Economics Center.

Noble signs Big Bend, Dantzler production agreement

09/18/2014

Noble Energy Inc., Houston, has signed a production handling agreement with SBM Offshore to produce the Big Bend and Dantzler fields via the Thunder Hawk DeepDraft semisubmersible, which lies in 6,060 ft of water in the Gulf of Mexico.

AWE makes gas discovery under existing Senecio field

09/18/2014

AWE Ltd., Sydney, has increased the worth of its Senecio gas field in permits L1/L2 in the onshore Perth basin of Western Australia with a discovery underlying the Senecio reservoir.

EGPC awards two Gulf of Suez concessions to RWE Dea

09/18/2014

Egyptian General Petroleum Corp. (EGPC) has awarded two concessions in the Gulf of Suez to RWE Dea AG, which said the awards stem from International Bid Round 2013.

Eni reports second major oil find in as many days

09/18/2014

Eni SPA has made an oil discovery with the Oglan-2 exploration well on Ecuador’s Block 10, 260 km southeast of Quito.

 

Andora Sawn Lake SAGD pilot begins bitumen production

09/18/2014

Andora Energy Corp. has recompleted its pilot steam-assisted gravity drainage (SAGD) well in Sawn Lake, Alta., and expects a stable bitumen production rate and steam oil ratio over the next 2 months.

Continental appoints president, chief operating officer

09/18/2014

Continental Resources Inc., Oklahoma City, has named Jack Stark as president and chief operating officer. He succeeds W.F. Bott, who stepped down from the position last week.

MARKET WATCH: NYMEX crude oil futures prices fall on higher US oil inventory

09/18/2014

Crude oil futures prices were down modestly on the New York market Sept. 17 after a weekly government report showed an unexpected jump in the US crude oil inventory.

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