General Interest news briefs, Feb. 15


Nabors Drilling USA Inc. said its Rig 39 was destroyed Wednesday. After Nabors turned over a turnkey well in Wayne County, Miss., to its owner, sour gas began escaping. The unnamed owner of the well lit it on fire to minimize environmental damage, said a Nabors spokesman. No one was hurt.

Japan and Kuwait are expected to open negotiations as early as this spring on extending the Arabian Oil Co.'s drilling rights in the Kuwait-controlled portion of Khafji oil field, in the Neutral Zone, according to a report in the Japan Times. It said renewal of the contract was crucial to the Japanese-owned Arabian Oil Co., which had already lost its rights in the Saudi Arabian-controlled side of the same field.

A subsidiary of AES Corp., a global power generation, distribution, and retail supply company, closed a deal to purchase from BP 100 MMcfd of liquefied natural gas for 20 years for its Dominican Republic power projects. The arrangement, said a BP statement, gives BP the flexibility to supply LNG with varying quality specifications, enabling it to satisfy customer needs on a spot basis." The AES LNG receiving terminal is planned to be in operation year-end 2002, and first deliveries are scheduled for that time.

The Minerals Management Service announced a sixth royalty-in-kind crude oil sale, to be held with the state of Wyoming. It will offer 5,100 b/d of royalty-in-kind crude from both state and federal properties in the Bighorn and Powder River basins of Wyoming. Oil can be taken for a 6-month period beginning Apr. 1.

Related Articles

Origin spuds first of two production wells at BassGas

03/16/2015 Origin Energy Ltd., Sydney, and its partners in the BassGas joint venture reported the spudding of the Yolla-5 production well in Yolla gas field i...

Eni studies hike Merakes gas potential offshore Indonesia

03/16/2015 Post-drilling studies conducted by Eni SPA on its Merakes-1 gas discovery have upgraded its potential to 2 tcf of gas in place from a previously es...

Cue buys out PetroChina in Indonesian PSC

03/16/2015 Cue Energy Resources Ltd., Melbourne, has completed acquisition of PetroChina’s 60% interest in the Mahakam Hilir production-sharing contract in In...

Production from Pluto LNG plant shut following Cyclone Olwyn

03/16/2015 Woodside Petroleum Ltd. has temporarily shut-in production at its Pluto LNG plant after the Atwood Osprey submersible drilling rig drifted near Plu...

Eni makes ‘significant’ gas, condensate find offshore Libya

03/16/2015 Eni SPA encountered gas and condensates in the Metlaoui formation of Eocene age while drilling the B1-16/4 well in the Bahr Essalam South explorati...

EIA: Monthly average Brent price up for first time in 8 months

03/16/2015 North Sea Brent crude oil prices averaged $58/bbl in February-up $10/bbl from the January average-representing the first monthly average price incr...

Low crude prices alter challenges in sub-Saharan Africa, speakers say

03/16/2015 Significantly lower crude oil prices have reduced foreign companies' interest in developing oil and gas resources in sub-Saharan Africa nations, sp...

OGJ Newsletter

03/16/2015

International news for oil and gas professionals

Western Australia's EPA gives nod for Gorgon LNG fourth train

03/16/2015 The Environmental Protection Authority of Western Australia (EPAWA) has approved plans for expansion of the Gorgon-Jansz LNG project on Barrow Isla...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected