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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.

Sunshine interim CEO resigns; executive chairman assumes role

Michael Hibberd, executive chairman of Sunshine Oilsands Ltd., Calgary, has assumed direct responsibility for all tasks and functions of chief executive officer after the company’s board accepted the resignation of David Sealock as interim president and chief executive officer.

OGJ100 group posts lower 2013 earnings

Oil & Gas Journal's survey of the 100 leading oil and gas producing firms based outside the US reveals that 2013 net income and revenues fell modestly from 2012 results in most regions except Canada.

Utah's crude transportation options include Uinta Express project

Utah's crude oil transportation options-which include Tesoro Refining & Marketing Co. LLC's proposed Uinta Express Pipeline-typify the broader US challenge in several ways.

AMP acquires additional midstream assets in Eagle Ford

American Midstream Partners LP (AMP) has opted to use, and has received approval of, its right-of-first-offer to acquire the Gonzales County, Tex., full-well-stream gathering system from an affiliate of ArcLight Capital Partners LLC for total consideration not to exceed $110 million.

OGUK: Optimism still waning in UK's offshore oil, gas industry

Optimism in the UK's offshore oil and gas industry continues to wane, according the second-quarter Oil & Gas UK (OGUK) Business Sentiment Index (BSI), released Aug. 6.

China looks ahead to a robust natural gas endowment

Natural gas plays an important role in China's economic development and energy structure. Proved reserves exceed 600 billion cu m/year (bcm/year), and production has topped 100 bcm/year, ranking China's output the 7th highest in the world.

Static, dynamic data integration improves reservoir modeling, characterization

This article introduces a methodology for reservoir characterization, geological modelling, and well-performance prediction. The methodology integrates petrophysical and pressure-transient data to build a detailed geological reservoir model (RM) with anisotropy.

Earnings, revenues down for OGJ150 in 2013; liquids output, reserves up

The combined earnings of the OGJ150 group declined 3.03% during 2013 to $88.1 billion. The group's revenues for the year were also down 7.32% from a year earlier to $944.9 billion.

India’s ONGC to invest in Daman development in Arabian Sea

India’s Oil & Natural Gas Corp. will invest $864.5 million to enhance natural gas and condensate production from its Tapti Daman block in the Arabian Sea.

Nexen boosts CNOOC’s first-half production

Nexen Energy ULC contributed 36.3 million boe during this year’s first half to CNOOC Ltd.’s total net oil and gas production of 211.6 million boe, a 6.8% year-over-year increase, the company reported. In comparison, Nexen produced 24.8 million boe in its first few months under CNOOC control during last year’s first half.

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.

Verma named managing director at India’s ONGC Videsh

India’s ONGC Videsh Ltd. has named Narendra Verma its managing director. Verma’s previous positions include director of exploration of Maharatna ONGC and director of exploration for ONGC Videsh.

Market Connections

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

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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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Offshore Middle East Conference & Exhibition

January 26, 2015
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