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Pessimism mounts over UK offshore industry

Pessimism about the UK offshore oil and gas industry is gaining momentum.

Lukoil lets contract for Uzbekistan gas processing plant

Russia’s OAO Lukoil has let a contract to a consortium headed by South Korea’s Hyundai Engineering Co. Ltd., Seoul, for the construction of its long-planned Kandym gas processing plant to be built in southern Uzbekistan, about 520 km southwest of Tashkent.

Horn Petroleum to reduce Puntland exploration program

Horn Petroleum Corp., Vancouver, BC, will reduce its presence in Bosaso, Puntland (Somalia), and will “refrain from any operational activity and associated expenditures pending a resolution of the political situation between the regional government of Puntland and the federal government of Somalia regarding the legitimacy of oil concession contracts,” the company said.

Partners submit Johan Sverdrup development plan

Partners Statoil ASA, Lundin Petroleum AB, Petoro, Det Norske Oljeselskap ASA, and Maersk Oil have submitted a plan for development and operation (PDO) for Phase 1 of Johan Sverdrup field to the Norwegian Ministry of Petroleum and Energy.

MARKET WATCH: NYMEX crude oil price jumps more than $2/bbl

Crude oil prices on the New York market jumped by more than $2/bbl Feb. 12 to settle above $51/bbl, which analysts attributed to more oil and gas companies cutting their budgets as well as an announced ceasefire agreement between Russia separatists and Ukrainian forces.

Apache’s 2015 capital budget less than half of last year’s $8.5 billion

Apache Corp., Houston, plans a capital budget of $3.6-4 billion in 2015, with $2.1-2.3 billion directed toward onshore North America and $1.5-1.7 billion for international and offshore.

Alaska LNG project partners file resource reports with FERC

A series of draft environmental and socioeconomic reports for the Alaska LNG project have been submitted to the US Federal Energy Regulatory Commission, which is responsible for conducting the environmental review of the project.

Total reduces budget by 10% to $23-24 billion

Total SA plans to lower its organic investments to $23-24 billion in 2015 from $26.4 billion in 2014 by reducing spending in brownfield developments and stopping certain projects that it says have become less profitable.

TransCanada challenges EPA’s comments on Keystone XL SEIS

TransCanada Corp. responded to the Feb. 2 comment letter from the US Environmental Protection Agency on the US Department of State’s final supplemental environmental impact statement (SEIS) for the Keystone XL crude oil pipeline.

PNR cuts capital spending nearly in half

Pioneer Natural Resources Co. (PNR), Dallas, plans to spend $1.85 billion in 2015 following a fourth quarter in which the company reported a net income of $431 million. The new budget represents a 45% reduction from 2014 capital spending for continuing operations, a change attributed to low oil prices.

InterOil wins arbitration over rights dispute with Oil Search

The International Chamber of Commerce arbitration panel in London has found in favor of InterOil Corp. in its battle with Oil Search Ltd. over preemptive rights in Elk-Antelope gas field in retention licence PRL 15 onshore Papua New Guinea.

Southwestern Energy buys Marcellus acreage from WPX Energy

Southwestern Energy Co. agreed to buy 46,700 net acres in northeast Pennsylvania and also some firm transportation capacity from WPX Energy Inc. for $300 million.

Continental, South Korean firm to jointly develop northwest Cana Woodford

Continental Resources Inc., Oklahoma City, formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop 44,000 net acres of Continental's northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Operators cutting methane emissions

Cuts in methane emissions from oil and gas production ought to be combined with aggressive efforts to curb excessive carbon dioxide releases, producers and others said during a December event.

Permian briefs

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Sodexo is Hiring Cooks, Bakers, Housekeeping & Janitorial Workers

Sodexo is Hiring Cooks, Bakers, Housekeeping & Janitorial Workers Full benefit package Must be able to work any shift, day, night and weekends,...
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 ...
PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA.

PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA.

PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA. 14 ON 7 OFF. SEND RESUME TO BEATHJIM@YAHOO.COM
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...

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