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Trans Adriatic Pipeline takes onshore step

05/12/2014

Trans Adriatic Pipeline (TAP) has issued a prequalification notice with the European Union for an engineering, procurement, and construction contract covering onshore work in Greece and Albania.

GAO report lists ways BLM could improve onshore resource oversight

05/12/2014

Updated guidance, increased coordination, and comprehensive data could improve the US Bureau of Land Management’s oversight of federal onshore oil and gas resources, the Government Accountability Office said in a report it released on May 9.

Neste Oil shutters Porvoo refinery unit for repairs

05/12/2014

Neste Oil Corp. has shuttered one of four production lines for repairs at its 205,000-b/d Porvoo, refinery in the Kilpilahti Industrial Area, about 20 miles east of Helsinki, Finland.

In official assault on fossil energy, tactics vary by fuel

05/09/2014

An Executive Branch campaign against fossil energy applies different tactics to specific fuels.

Baker Hughes: US drilling rig count edges up to 1,855

05/09/2014

The US drilling rig count edged up a unit to 1,855 rigs working during the week ended May 9, Baker Hughes Inc. reported.

Petrobras completes exploration well in TOR area of Santos basin

05/09/2014

Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) reported that it has completed drilling the last exploration well in the Transfer of Rights (TOR) area in the Santos basin presalt.

EPA will seek comments on disclosing frac fluid ingredients

05/09/2014

The US Environmental Protection Agency announced it will seek public comment on what information could be reported and disclosed for hydraulic fracturing chemicals and mixtures and the approaches for obtaining this information.

EIA estimates average Eagle Ford EUR at 168,000 bbl/well

05/09/2014

The average estimated ultimate recovery (EUR) of wells drilled during 2008-13 in the Eagle Ford shale in South Texas was 168,000 bbl/well, according to the US Energy Information Administration.

Cairn India interim chief executive officer resigns

05/09/2014

Cairn India Ltd. reported on May 2 that P. Elango, interim chief executive officer, has resigned for personal reasons.

MARKET WATCH: Crude oil futures price down, but stays above $100/bbl benchmark

05/09/2014

The New York Mercantile Exchange June crude oil contract price fell 51¢ on May 8, closing at $100.26/bbl. The July contract declined 42¢ to settle at $99.54/bbl.

Lukoil Overseas reports three fatalities in helicopter crash off Ghana

05/09/2014

Lukoil Overseas reported that a helicopter on contract to the company and operated by the local airline carrier crashed on May 8 in coastal waters offshore Ghana about 3.4 nautical miles from Takoradi.

EIA: High value of liquids boosts wet gas production

05/08/2014

Spurred by relatively high values of natural gas liquids (NGL), company interests have shifted from dry gas production to wet gas production, according to the US Energy Information Administration’s monthly gas liquids report.

Delek’s El Dorado refinery increases light crude capability

05/08/2014

Delek US Holdings Inc. said it has boosted light crude oil processing capabilities at its 80,000-b/d refinery in El Dorado, Ark., following the completion of a planned maintenance turnaround in February.

US DOT issues Bakken crude rail transport emergency order

05/08/2014

The US Department of Transportation (DOT) has issued an emergency order requiring all railroads operating trains containing large amounts of Bakken crude oil to notify State Emergency Response Commissions (SERC) about the operation of these trains through their states.

OTC: Engineers consider human factors in offshore designs

05/08/2014

Offshore engineers increasingly are taking human factors into account when designing oil and gas equipment, said speakers participating in a May 5 Offshore Technology Conference technical session entitled “Human Factors in Engineers.” The panelists wrote OTC papers on the topic.

Associations raise concerns in Atlantic OCS G&G comments

05/08/2014

The US Bureau of Ocean Energy Management’s preferred alternative for new geologic and geophysical (G&G) activity on the South and Mid-Atlantic Outer Continental Shelf contains arbitrary and unnecessary restrictions, three national oil and gas associations said on May 7.

Freeport-McMoRan to buy deepwater gulf assets for $1.4 billion

05/08/2014

Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., has entered into a definitive purchase and sale agreement with Apache Corp. to acquire certain interests in the deepwater Gulf of Mexico, including interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases, for $1.4 billion, effective May 1.

MARKET WATCH: Oil futures climb on US inventory drop

05/08/2014

Crude oil futures prices climbed more than $1/bbl on the New York market May 7 after a weekly government report showed an unexpected drop in crude-oil supplies.

Saudi Aramco lets additional contracts for Jazan IGCC plant

05/08/2014

Saudi Aramco has let two engineering and construction contract packages to Italy’s Saipem SPA, a unit of Eni SPA, for work related to the Jazan IGCC (integrated gasification combined-cycle) power plant project to be located adjacent to the 400,000-b/d refinery under development at Jazan Economic City, Saudi Arabia.

Alaska receives 43 bids in Cook Inlet, peninsula lease sales

05/08/2014

The Alaska Division of Oil & Gas reported receiving 43 bids from companies and investors hoping to secure state leases during the Cook Inlet and Alaska Peninsula oil and gas lease sales on May 7.

Study targets area off Australia, Indonesia

05/08/2014

Petroleum Geo-Services said an international seismic study has improved understanding of regional stratigraphy and basin development in an area offshore eastern Indonesia and northern Australia.

OTC: ExxonMobil adopts global approach to subsea processing technology

05/07/2014

ExxonMobil Corp. is approaching its research, development, and qualification of subsea processing technologies from a more global rather than project-specific perspective to help reduce costs and streamline schedules for future subsea projects, the company told a technical session on May 7 at the Offshore Technology Conference in Houston.

EIA seeks comments on proposed expansion of gas, oil production survey

05/07/2014

To accommodate the rapid growth and shifting location of US natural gas and crude oil production, the US Energy Information Administration is proposing to expand the geographic coverage of its current monthly natural gas production survey and add collection of state-level data on crude oil and lease condensate production.

KMEP to expand carbon dioxide systems in Colorado, New Mexico

05/07/2014

Kinder Morgan Energy Partners LP (KMEP) reported it will invest $671 million to expand its carbon dioxide infrastructure in southwestern Colorado and New Mexico.

OTC: Total suggests Shanghai as Asian natural gas hub

05/07/2014

Shanghai, China, would be a natural geographic and market position for a natural gas hub in Asia, according to Laurent Maurel, Total senior vice-president for strategy, marketing, and LNG, who also acknowledged that “it won’t be that simple” to establish such a hub there or anywhere else in the near term. Maurel made his remarks as part of his presentation “Midstream Gas Monetization,” delivered May 7 at the Offshore Technology Conference in Houston.

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