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Louisiana LNG lets FEED contract to Bechtel for export site

10/08/2014

Louisiana LNG Energy LLC (LLNG) selected Bechtel Corp. to provide front-end engineering and design for a 2-million tonne/year liquefaction plant and LNG export terminal in Louisiana, south of New Orleans near Mile Marker 46 on the east bank of the Mississippi River.

Mubadala Petroleum appoints chief executive officer

10/08/2014

Mubadala Petroleum, Abu Dhabi, has appointed Mussabeh Al Kaabi, currently chief growth officer, as chief executive officer.

 

Ember to acquire Clearwater assets for $605 Million (Can.)

10/08/2014

Ember Resources Inc., Calgary, has agreed to acquire the majority of the Clearwater assets in southern and central Alberta belonging to Encana Corp. for $605 million (Can.).

FERC issues final EIS for Cheniere’s Corpus Christi LNG project

10/08/2014

The US Federal Energy Regulatory Commission has issued a final environmental impact statement (EIS) for Cheniere Energy Inc.’s proposed Corpus Christi LNG project. It said approval of the proposed project, with mitigation measures the EIS recommends, would ensure impacts in the area would be avoided or minimized, and not be significant.

BLM seeks comments on proposed Wyoming 3D seismic project

10/08/2014

The US Bureau of Land Management is seeking public comments on a proposed 3D seismic exploration project in Sweetwater County, Wyo. BLM will prepare an environmental assessment of the proposed project and accept comments to help identify potential issues, concerns, ideas, and alternatives until Oct. 17, its Rawlins field office said.

Arrow Energy gas pipeline gets environmental nod

10/08/2014

Arrow Energy Ltd. has received environmental approval from the Australian government for construction of its proposed 4,500-km Arrow Bowen project gas pipeline to link its coal seam gas (CSG) fields in the Bowen basin of Queensland to Gladstone on the central-east coast.

Niko Resources appoints chairman, interim CEO

10/08/2014

Niko Resources Ltd., Calgary, has appointed Kevin J. Clarke as chairman and interim chief executive officer. Clarke, who was appointed to the board in August, succeeds Wendell W. Robinson, who retired in September following the annual shareholder meeting.

EIA: Crude oil prices held down by rising global supply, lower demand

10/08/2014

With global demand forecasts being revised lower while supply continues to rise, North Sea Brent crude oil prices have fallen to about $91/bbl—the lowest level in more than 2 years and 21% lower than its 2014 daily peak of $115/bbl on June 19.

Inpex reports early results from appraisal well off Brazil

10/08/2014

Inpex Corp. reported early results from an appraisal well drilled in the Espirito Santo basin offshore Brazil.

 

Lukoil commissions Imilorskoye field in West Siberia

10/08/2014

OAO Lukoil reported commissioning of Imilorskoye field in western Siberia.

Suncor wraps planned maintenance at Edmonton refinery

10/08/2014

Suncor Energy Inc. has completed a month of scheduled maintenance at its 142,000-b/d refinery in Edmonton, Alta., the company said.

Shell starts oil production from Gumusut-Kakap off Malaysia

10/08/2014

Royal Dutch Shell PLC has started oil production from the Gumusut-Kakap floating production platform offshore Malaysia. Gumusut-Kakap field lies in 1,200 m of water.

MARKET WATCH: NYMEX crude oil prices drop below $89/bbl range

10/08/2014

Crude oil prices on the New York market for November and December each dropped more than $1/bbl to close the Oct. 7 trading session, and analysts attributed the price dip to rising US production combined with recent downward revisions in global demand forecasts.

Industry report documents US oil pipeline growth during 2013

10/08/2014

Total US crude oil pipeline mileage increased 6% and deliveries rose 11.3% during 2013, data compiled by the Association of Oil Pipe Lines and the American Petroleum Institute showed.

Targa Resources adding processing for Permian, Williston production

10/08/2014

Targa Resources Partners LP, Houston, will expand its natural gas gathering and processing capabilities in the Permian and Williston basins, the company has announced.

Stone to lease Ensco 8503 deepwater rig

10/07/2014

Stone Energy Corp., Lafayette, La., has agreed to lease the Ensco 8503 dynamically positioned deepwater drilling rig for Stone’s multiyear deepwater drilling program in the Gulf of Mexico.

EIA continues to cut price forecasts for US crude oil, gasoline

10/07/2014

Weakening global demand and higher Libyan oil exports have driven down North Sea Brent crude oil spot prices to an average of $97/bbl in September, a decrease of $5/bbl from August and the first month Brent crude oil prices have fallen below $100/bbl since June 2012.

EIA: Lower US household heating expenditures expected this winter

10/07/2014

Average expenditures of US household for natural gas, heating oil, electricity, and propane are projected to decrease this winter heating season (Oct. 1-Mar. 31) compared with last winter, which was 11% colder than the previous 10-year average nationally, according to the US Energy Information Administration’s latest Winter Fuels Outlook.

Williams CEO details regulatory hurdles, growth strategy

10/07/2014

Crude oil and natural gas pipeline systems in the US are growing at a very rapid pace as new infrastructure is introduced in an effort to optimize utilization of shale resources. Williams Cos., Tulsa, is an active participant in this growth. Pres. and Chief Executive Officer Alan Armstrong talked with Oil & Gas Journal regarding regulation’s role in this process and Williams’s growth plans during the International Pipeline Conference last week in Calgary.

Cairn makes oil discovery offshore Senegal

10/07/2014

Cairn Energy PLC, Edinburgh, has made an oil discovery with the FAN-1 exploration well on the Sangomar Deep block, 100 km offshore Senegal.

Wintershall lets subsea contract to FMC for $280 million

10/07/2014

Wintershall Holding GMBH has let a $280 million subsea contract to FMC Technologies for the Maria development in the Norwegian Sea.

MARKET WATCH: NYMEX crude oil prices hover slightly above $90/bbl range

10/07/2014

Crude oil prices settled on the New York market Oct. 6 slightly above $90/bbl, and analysts said they expect prices will remain subdued pending this week’s US government reports on crude oil inventories and on other upcoming oil-demand forecasts.

Neste Oil plans integration of Finnish refining operations

10/07/2014

Neste Oil Corp. plans to invest €500 million in a program designed to consolidate and optimize performance of its Finnish refineries as part of an effort to keep the company’s European operations competitive.

US refiners could process more light tight crudes, study finds

10/06/2014

US refiners will have the capacity by 2020 to process 3.1-4.3 million b/d more of light, tight crude oil (LTC) than in fourth-quarter 2013, according to a Baker & O’Brien Inc. study commissioned by Consumers & Refiners United for Domestic Energy (CRUDE).

KKR, FDL to acquire Permian properties

10/06/2014

A partnership of KKR Natural Resources (KKR) and Fleur de Lis Energy (FDL), Dallas, has agreed to acquire certain oil and gas properties in Ector and Midland Counties in West Texas’s Permian basin from Linn Energy LLC for $350 million. The deal is expected to close in the fourth quarter.

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