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API leads industry call for more OCS access in next 5-year program

08/13/2014

The Obama administration should consider all parts of the US Outer Continental Shelf for leasing in the 2017-22 OCS program it has begun to prepare so future national energy policy options can be maximized, the American Petroleum Institute and 10 other oil and gas trade associations jointly said.

Numaligarh refinery expansion plans progress

08/13/2014

Bharat Petroleum Corp. Ltd. (BPCL), Mumbai, has let feasibility studies to Engineers India Ltd. (EIL) for projects related to the long-planned expansion of its 3 million tonne/year Numaligarh refinery in the Golaghat district of Assam in far-northeastern India.

PennEast to build $1-billion Marcellus pipeline

08/12/2014

PennEast Pipeline Co. LLC plans to construct a $1-billion, 100-mile pipeline extending from Luzerne County in northeastern Pennsylvania to Transco’s Trenton-Woodbury interconnection in New Jersey.

Maersk Oil lets FEED contract for Culzean project in North Sea

08/12/2014

Maersk Oil UK has let a 10-month front-end engineering and design contract to Intecsea, a unit of WorleyParsons Group, for work on its Culzean ultra high-pressure, high-temperature gas-condensate development about 145 miles east of Aberdeen in the UK central North Sea.

IEA: Oil demand growth forecast lowered on downgraded economic outlook

08/12/2014

The global oil demand growth forecast for 2014 has been curtailed since last month’s report to a more modest 1 million b/d, according to the International Energy Agency’s most recent Oil Market Report.

EIA: Utica gas output to reach 1.3 bcfd in September

08/12/2014

Total natural gas production in Ohio’s Utica region—which includes production from the Utica and Point Pleasant formations as well as legacy production from conventional reservoirs—is expected to increase to 1.3 bcfd in September from just 155 MMcfd in January 2012, according to the US Energy Information Administration’s Drilling Productivity Report (DPR).

Operators to spud exploration well on Block 53 offshore Suriname in 2015

08/12/2014

Apache Suriname Corp. LDC, a subsidiary of Apache Corp., Houston, will spud its first exploration well in February-April 2015, 80 miles offshore Suriname in the Suriname Guyana basin. The well will be drilled to 5,000 m in 650 ft of water, as confirmed by Marny Daal-Vogeeland, Staatsolie Maatschappij Suriname NV’s manager of petroleum contracts.

Columbia to build Marcellus-Utica gas pipeline

08/12/2014

Columbia Gas Transmission (CGT), part of NiSource Inc.’s Columbia Pipeline Group, will build a 160-mile natural gas pipeline, Leach XPress, in Ohio and West Virginia, supporting gas supply development in western Pennsylvania, northern West Virginia, and eastern Ohio.

INGAA Foundation, ICF jointly release infrastructure study data

08/12/2014

Data are now available that underpin a major natural gas infrastructure study the INGAA Foundation Inc. released in March, the foundation and ICF International, which prepared the study, jointly announced on Aug. 11.

MARKET WATCH: NYMEX crude oil futures rise modestly awaiting IEA report

08/12/2014

Oil prices rose modestly on the New York market Aug. 11 while analysts awaited the Aug. 12 release of monthly reports from the International Energy Agency and US Energy Information Administration.

Petronas details RAPID project contract awards

08/11/2014

Malaysia’s state-owned Petronas has confirmed the award of 11 major contracts related to critical milestones in the development of its refinery and petrochemical integrated development (RAPID) complex at Pengerang in southeastern Johor, Malaysia.

Green Dragon enters Chengzhuang cooperation agreement

08/11/2014

Green Dragon Gas Ltd. has entered into a cooperation agreement with China National Petroleum Corp. relating to the Chengzhuang block, a 67-sq-km area included within the Shizhuang South production-sharing contract.

House Democrats call for higher federal onshore royalty rates

08/11/2014

Rep. Alan Lowenthal (D-Calif.) urged the US Department of the Interior to raise the 12.5% royalty rate oil and gas producers pay for production from onshore federal lands.

Brightoil completes $1.046-billion acquisition of Bohai Bay assets

08/11/2014

Brightoil Petroleum Ltd. has closed on its acquisition of interest in two oil producing blocks in Bohai Bay from Anadarko China Holdings 2 Co. Ltd., a wholly owned subsidiary of Anadarko Petroleum Corp., for $1.046 billion.

Second fire hits Pemex’s Ciudad Madero refinery

08/11/2014

The second fire within a month broke out on Aug. 8 at Petroleos Mexicanos’s (Pemex) 190,000-b/d Francisco I. Madero refinery in Ciudad Madero, Tamaulipas.

Gabon signs offshore E&P contracts with six firms

08/11/2014

The government of Gabon has signed exploration and production contracts for offshore blocks with Noble Energy Inc., Woodside Petroleum Ltd., Marathon Oil Corp., Impact Oil & Gas Ltd., Repsol SA, and Petronas.

Suriname puts three deepwater exploration blocks up for bid

08/11/2014

Suriname’s state-owned oil concern Staatsolie has put out three deepwater blocks for bids. The blocks—58, 59, and 60—lie east of Suriname in what is known as the Suriname-Guyana basin.

MARKET WATCH: Crude futures prices continue gains in New York

08/11/2014

Crude oil futures prices ended last week on an upswing, continuing to make gains on geopolitical news of ongoing conflict in Iraq and elsewhere.

KMI executes $71-billion consolidation purchase

08/11/2014

Kinder Morgan Inc. (KMI), Kinder Morgan Energy Partners LP (KMEP), Kinder Morgan Management LLC (KMR), and El Paso Pipeline Partners LP reported that KMI will acquire all of the outstanding equity securities of KMEP, KMR and El Paso, creating a single publicly traded security, KMI. The total purchase price of the transaction was $71 billion: $40 billion KMI equity, $4 billion cash, and $27 billion assumed debt.

Rosneft, ExxonMobil JV begins exploratory drilling in Kara Sea

08/11/2014

A joint venture of OAO Rosneft and ExxonMobil Corp. has spudded an exploratory well in the Kara Sea. Drilling is expected to continue for 2 months.

Finlayson appointed InterOil chairman

08/11/2014

Chris Finlayson has been named InterOil Corp. chairman-designate. He succeeds Gaylen Byker, who announced at the company’s annual meeting in June that he would retire after 17 years on the board.

Russia hit by court claims over Yukos it likely will defy

08/08/2014

Battered lately in the worldwide court of public opinion over its strong-arming of Ukraine, Russia last month sustained two blows in international courts over a power move 10 years earlier.

Cameron LNG liquefaction project makes FID, will proceed

08/08/2014

Sponsors of the 12-million tonne/year Cameron Liquefaction Project, planned at the site of Sempra Energy’s Cameron LNG receipt terminal in Hackberry, La., made their final investment decision (FID) and will proceed with the plant. Sempra LNG, GDF Suez SA, Mitsui & Co. Ltd., and Mitsubishi Corp., through a related company jointly established with Nippon Yusen Kabushiki Kaisha (NYK), each approved development, construction, and operation of the natural gas liquefaction and export project.

Expand OCS access for oil and gas, Senate Republicans urge Jewell

08/08/2014

Twenty-one Republican US senators, led by Energy and Natural Resources Committee Ranking Minority Member Lisa Murkowski (Alas.), asked US Sec. of the Interior Sally Jewell to consider opening more of the US Outer Continental Shelf to oil and gas exploration and production in the next 5-year program.

Study highlights Pennsylvania’s shale gas development boom

08/08/2014

The rapid shale gas development in Pennsylvania’s Marcellus shale formation has presented both challenges and opportunities to local governments and communities. In particular, concerns that local governments might be entering a “boom and bust” cycle—similar to previous resource extraction experiences in Pennsylvania’s history—are on the rise.

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