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Statoil: Aasta Hansteen gas development on schedule for 2017

08/26/2014

The Aasta Hansteen gas development in the northern Norwegian Sea is on schedule for production start-up in third quarter 2017, reported operator Statoil ASA.

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

08/26/2014

Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled in 800 m of water 180 km offshore.

Turkmen plant to yield gasoline from gas

08/26/2014

Construction has begun at Ovadan-Depe near Ashgabad, Turkmenistan, on a 15,500-b/d plant that will make gasoline from natural gas.

Vietnam’s Dung Quat refinery wraps maintenance

08/26/2014

State-owned Petrovietnam has completed the second planned maintenance turnaround since 2011 at its 140,000-b/d Dung Quat refinery in Quang Ngai Province, Vietnam (OGJ Online, May 20, 2014).

Parsley Energy adds Permian basin acreage

08/26/2014

Parsley Energy Inc., Midland, Tex., has agreed to buy from “multiple sellers” undeveloped and productive acreage in Reagan County, Tex., for a total of about $252 million.

Emission reductions under way at Moscow refinery

08/26/2014

Russian oil producer JSC Gazprom Neft is upgrading process furnaces and switching completely to gas from liquid fuels in an effort to reduce emissions at its 12.15 million tonne/year Moscow refinery.

MARKET WATCH: NYMEX crude oil prices slip pending inventory report

08/26/2014

Crude oil futures prices slipped modestly on the New York market Aug. 25, and analysts said traders expected a weekly government oil report scheduled for release Aug. 27 to show a gain in supplies at the hub at Cushing, Okla.

CERI: Market access key to Canadian bitumen output

08/25/2014

Outcomes in two areas of critical uncertainty can mean a difference in Canadian bitumen production in 2030 of 1.7-1.8 million b/d, according to a study published by the Canadian Energy Research Institute.

Mancharee-1 well doesn’t find significant pay offshore Thailand

08/25/2014

KrisEnergy Ltd., Singapore, reported it has concluded drilling an exploration well on Block G10/48 in the Gulf of Thailand, where the company is developing Wassana oil field.

Run rates still recovering at Amuay refinery after 2012 blast, PDVSA says

08/25/2014

Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) said crude oil throughput rates continue to recover at the Amuay portion of its Paraguana refining complex in northwest Venezuela following a deadly explosion and fire at the site’s Block 23 storage area in August 2012 (OGJ Online, Aug. 27, 2012; Aug. 28, 2012).

CNOOC starts up oil field in Pearl River Mouth basin

08/25/2014

CNOOC Ltd. reported that its Wenchang 13-6 oil field has started production. The field, which lies in 120 m of water west of the Pearl River Mouth basin, is part of the Wenchang oil fields and shares existing adjacent facilities for the development.

MARKET WATCH: Crude oil futures close week modestly lower

08/25/2014

Crude oil futures prices closed out the week ended Aug. 22 modestly lower after staging a bit of a recovery midweek (OGJ Online, Aug. 22, 2014).

Santos group makes gas-condensate find near Ichthys field offshore W. Australia

08/25/2014

A group led by Santos Ltd. has made a gas and condensate discovery in the Lasseter-1/ST1 well drilled in the Browse basin offshore Western Australia.

Earthquake interrupts operations at Chilean refinery

08/25/2014

Chile’s Empresa Nacional del Petroleo (Enap) has halted partial operations at its 104,000-b/d Aconcagua refinery at Concon, Chile, following an Aug. 23 earthquake in the Valparaiso region along the country’s Pacific coast, the state-owned company said.

Serbia’s NIS plans upgrades at Pancevo refinery

08/25/2014

Serbia’s Naftna Industrija Srbije (NIS) will begin a planned modernization overhaul of its 98,000-b/d Pancevo refinery beginning Sept. 1, the company reported.

Can anyone name top agency in count of restrictive regs?

08/22/2014

The leader in a new measure of regulatory activism is—can anyone guess?

Contract let for Vietnam’s Nghi Son refining complex

08/22/2014

Nghi Son Refinery & Petrochemical LLC, through a contractor, has let a contract to Hamon Korea Co. Ltd., Seoul, to air quality systems for its 200,000-b/d refinery and petrochemical complex in Thanh Hoa Province in Vietnam.

BHI: US rig count upward momentum stymied, falls below 1,900 mark

08/22/2014

The US drilling rig count lost 17 units to settle at 1,896 rigs working during the week ended Aug. 22, ending four consecutive weeks of gains, Baker Hughes Inc. reported.

Canada’s NEB to hear Aboriginal viewpoint on Trans Mountain expansion

08/22/2014

Canada’s National Energy Board will hear the viewpoint of Aboriginal groups on the Trans Mountain expansion project on Aug. 25 in Edmonton, the first of four scheduled hearings through Nov. 28.

DEKA natural gas flow starts offshore Egypt

08/22/2014

Production has begun from the Denise-Karawan (DEKA) natural gas development offshore the Nile Delta in Egypt.

Plains All American to build Cushing-to-Memphis pipeline

08/22/2014

Plains All American Pipeline LP (PAA) plans to construct a 440-mile, 20-in. crude oil pipeline that will carry as much as 200,000 b/d of sweet crude from the Plains Cushing, Okla., terminal to Valero’s Memphis Refinery. The project is expected to cost $900 million and be completed in late 2016.

Rosneft signs deal with NAD for land drilling rigs in Russia

08/22/2014

OAO Rosneft, Seadrill Ltd., and North Atlantic Drilling Ltd. (NAD) have signed a framework agreement under which NAD will acquire about 150 land drilling rigs from Rosneft as well as 5-year contracts for the rigs. The transaction is expected to close in this year’s fourth quarter.

MARKET WATCH: Oil futures prices gain ground after steep fall early in week

08/22/2014

Crude oil futures prices continued to gain traction after falling steeply earlier this week.

Kvaerner to study Oseberg subsea alternative

08/22/2014

Statoil has commissioned Kvaerner for a concept study on a slim-leg wellhead platform that could be used instead of tied-back subsea wells in future development of 25-year-old Oseberg oil field offshore Norway.

NPD completes seismic acquisition season in northern Barents Sea

08/22/2014

The Norwegian Petroleum Directorate reported completion of its seismic acquisition season Aug. 19, nearly a month ahead of schedule.

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