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Harvest seeks arbitration against Venezuela

Harvest Natural Resources Inc., Houston, is seeking international arbitration against Venezuela, alleging the country’s government has thwarted efforts to sell its interest there.

Range cuts 2015 capital budget to $870 million

Range Resources Corp., Ft. Worth., has reduced its capital budget for 2015 to $870 million from the previously reported $1.3 billion, which already represented an 18% cut compared with the 2014 budget.

Eni acquires deepwater blocks offshore Egypt

Eni SPA will resume exploration offshore Egypt under concession agreements based on production sharing it has signed covering two deepwater blocks offered in Egyptian Natural Gas Holding Co.’s 2013 bid round.

In lower price environment, Tullow Oil writes off $2.7 billion

Reviewing assets in a declining oil-price environment, Tullow Oil PLC reported pretax write-offs totalling $2.7 billion.

 

Newfield Exploration to retain assets in China

Newfield Exploration Co., The Woodlands, Tex., has concluded its marketing process for its China business and now plans to retain the assets. The business will be reclassified for financial purposes as “continuing operations” in fourth-quarter 2014.

Vincent to retire as Swift Energy president

Houston independent Swift Energy Co. reported that Pres. Bruce H. Vincent has announced his retirement effective Feb. 15, along with his resignation as a board member. Vincent has served as president of Swift Energy since November 2004 and as a Swift energy director since May 2005, having first joined the company in 1990.

QP, Shell abandon plans for Al Karaana petrochemicals complex

Qatar Petroleum and Royal Dutch Shell PLC have canceled plans to proceed with development of the proposed Al Karaana petrochemicals complex in Ras Laffan Industrial City, north of Qatar.

Shell mulls fate of Malaysian refinery

Shell Refining Co. (FOM) Bhd. (SRC), a holding of Royal Dutch Shell PLC, is evaluating either the potential divestiture or closure of its 125,000-b/d Port Dickson, Malaysia, refinery.

Suncor cuts capital budget by $1 billion (Can.) and 1,000 jobs

Suncor Energy Inc., Calgary, is cutting $1 billion (Can.) from its 2015 capital spending program and reducing its workforce by 1,000 because of lower crude oil prices.

EnLink buys Permian basin crude gathering operation

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC, which has crude oil gathering, transportation, and marketing operations in the Permian basin. LPC purchases, transports, and sells about 60,000 b/d. The acquisition adds crude oil first purchasing and logistics to EnLink’s existing Permian natural gas gathering and processing services.

E.On E&P adds interest in North Sea’s Manhattan prospect

E.On E&P has acquired 22.5% interest in several licenses in Blocks 22/13b, 22/14d, 22/18b, and 22/19b covering the Manhattan prospect of the central UK North Sea.

OGUK: Major tax changes urgently needed

Oil & Gas UK said falling oil prices are creating an urgent need for fundamental changes to the tax regime.

American Energy Appalachia makes executive appointments

Jeffrey A. Fisher has been named chief executive officer of the newly formed American Energy Appalachia Holdings LLC (AEA), a unit of American Energy Partners LP (AEP).

BlackPearl cuts 2015 capital budget to $31 million (Can.)

BlackPearl Resources Inc., Calgary, is reducing its 2015 capital budget to $31 million (Can.) from $80 million (Can.) “as a result of the continued deterioration in crude oil prices,” the firm said.

CNR cuts capital spending by $2.4 billion (Can.)

In response to lower oil prices, Canadian Natural Resources Ltd., Calgary, plans to cut 2015 capital spending to $6.2 billion (Can.) from its original budget of $8.6 billion (Can.).

Market Connections

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
Kuwait Institute for Scientific Research Now hiring

Now Hiring

NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
Transocean

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