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WRI: Shale oil, gas face tight competition for water

Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic fracturing, the World Resources Institute said in a recent report.

Fitch: Drilling downturn might prompt some consolidation

A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at favorable prices, Fitch Ratings of Chicago said in a recent research note, adding that master limited partnerships (MLPs) in particular can provide financial flexibility.

OGJ Newsletter

International news for oil and gas professionals

AU Energy to acquire Tullow Netherlands unit

AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonoperated Q4 and Q5 block interests from Tullow Exploration & Production BV, a subsidiary of Tullow Oil PLC, for $81.1 million.

Boardwalk buys Louisiana ethylene pipeline from Chevron

Boardwalk Pipeline Partners LP has agreed to buy Chevron Petrochemical Pipeline LLC—including the 176-mile Evangeline ethylene pipeline—from Chevron Pipe Line Co.

Federal judge finds BP E&P negligent in Macondo crude oil spill

A nearly 5 million bbl crude oil spill following the 2010 Macondo deepwater well blowout in the Gulf of Mexico was the result of operator BP Exploration & Production Inc.’s gross negligence and willful misconduct, a federal district court judge ruled in New Orleans.

Tamarack to buy Suncor’s Wilson Creek assets

Tamarack Acquisition Corp., a subsidiary of Tamarack Valley Energy Ltd., will acquire Wilson Creek assets in central Alberta from Suncor Energy Inc., Calgary, for $168.5 million (Can.).

ExxonMobil plans upgrade at Norwegian refinery

ExxonMobil Corp. subsidiary Esso Norge AS is planning to install a residual flash tower designed to replace heavy fuel oil production at its 6 million-tonne/year refinery at Slagen, Norway.

EQT, NextEra to build Marcellus-Utica gas pipeline

EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., have formed a joint venture, Mountain Valley Pipeline LLC, to build and own the 330-mile Mountain Valley natural gas pipeline. The joint venture also launched a binding open season for shipment on the 2-bcfd system.

Halliburton announces $1.1 billion Macondo claims agreement

Halliburton Co. reported a $1.1 billion agreement that it said would settle most of the class claims asserted by plaintiffs against the Houston oil field service company following the 2010 Macondo deepwater well blowout in the Gulf of Mexico.

Buckeye to buy Corpus Christi terminal interest in $860 million deal

Buckeye Partners LP has agreed to acquire 80% interest in a company that it will jointly own with Trafigura AG for $860 million. The transaction is expected to close later this month.

Deals with CNPC seen good for Russian firms

Russia’s recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody’s Investors Service.

Pembina signs $650 million deal to buy Vantage line, associated assets

Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane extraction plant (SEEP) for $650 million from certain entities affiliated with Riverstone Holdings LLC. The transaction, effective Aug. 1, is expected to close in the fourth quarter.

Gas production set to resume at In Amenas gas facilities

Statoil ASA and partners BP PLC and Algerian state-owned Sonatrach are set to resume “ordinary operations” at the In Amenas gas production facility of eastern Algeria near the Libyan border 19 months after it was seized by Islamic militants.

Inpex transferring 25% interest in East Malaysia deepwater block to Santos

Inpex Corp. is transferring 25% interest in a deepwater exploration block in East Malaysia to Santos Ltd.

Market Connections

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Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the duties of Director of Technical Services.  GPA is based in Tulsa, Oklahoma and has been the primary advocate for the midstream energy industry since 1921.  The position requires leadership of the technical and research activities of GPA and the midstream energy industry.  Knowledge of gas treating and processing together with good communication, writing and interpersonal skills is essential.  In addition, candidates must have analytical and technical aptitude for chemistry, math and physics.  A Bachelor of Science in chemical or mechanical engineering is preferred.

NOW HIRING: Director of Technical Services

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the du...
EOR ENGINEERS CCUS-specialized Co. seeking 2 EOR  engineers w/ 10+ yrs field exp. to design  & lead CO2 EOR projects in China.  Immediate hire.  Contact Evelyn Ray: erayking888@gmail.com or 917-864-2649

EOR ENGINEERS

EOR ENGINEERS CCUS-specialized Co. seeking 2 EOR engineers w/ 10+ yrs field exp. to design & lead CO2 EOR projects in China. Immediate hire. Co...
Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
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Oil & Gas Conferences

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Offshore Middle East Conference & Exhibition

January 26, 2015
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