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Chevron to sell Caltex Australia interest

Chevron Global Energy Inc. has entered an underwriting agreement for the sale of its 50% interest in Caltex Australia Ltd. to what it described as “a broad range of Australian and global equity market institutional investors.”

Riggs named Clayton Williams Energy president

Mel G. Riggs has been named president of Clayton Williams Energy Inc., Midland, succeeding Clayton W. Williams Jr., who remains chairman and chief executive officer.

Deck named senior VP of EnLink Midstream

Andrew A. Deck has been appointed senior vice-president of the Permian basin of EnLink Midstream, Dallas.

NZOG goes for jugular on Cue takeover

New Zealand Oil and Gas Ltd. has issued a tough fifth supplement to its hostile takeover attempt on Cue Energy Resources Ltd.

Watching Government: Species protection spreading

US Interior Sec. Sally Jewell spoke extensively about efforts to improve the greater sage grouse's habitat when she appeared before the Senate Energy and Natural Resources Committee on Feb. 24.

Schlumberger subsidiary pleads guilty to violating US sanctions

Schlumberger Oilfield Holdings Ltd. (SOHL) agreed to plead guilty and pay a fine of more than $232.7 million for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan, the US Department of Justice announced on Mar. 25.

Motiva to integrate Norco, Convent refineries in Louisiana

Houston-based Motiva Enterprises LLC reported it will integrate the company’s two Louisiana refineries—the 220,000-b/cd Norco facility and the 227,000-b/cd Convent facility—creating the Louisiana Refining System (LRS).

Analysts: Oil industry dealing with downturn better than years’ past

Investment bankers and analysts entrenched in the oil and gas industry say US companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

Canadian oil industry jobs, revenues plunge

The Canadian oil industry will shed nearly 8,000 jobs this year as revenues fall by $43 billion (Can.) in response to the plunge in oil prices, predicts the Conference Board of Canada.

Cue gains Indonesian farm-in approval for Mahato PSC

Cue Energy Resources Ltd., Melbourne, received approval from Indonesia for a farm-in agreement with Bukit Energy to acquire a 12.5% interest in the Mahato production-sharing contract.

PIRA: US shale oil production to slightly decline during second quarter

US shale oil production will flatten and slightly decline during the second quarter, PIRA Energy Group of New York said in an Energy Market Recap.

Shell completes $1.7 billion lease, trunk line sale in Nigeria

Shell Petroleum Development Co. of Nigeria Ltd. (SPDC) has completed its assignment of interest in oil mining lease 29 (OML 29) and the Nembe Creek trunk line (NCTL) and related facilities in the Eastern Niger Delta to Aiteo Eastern E&P Co. Ltd. for $1.7 billion.

SPE/ICoTA: Oil field services market to contract, rebound quickly

In a keynote speech to attendees of the 2015 Coiled Tubing & Well Intervention Conference & Exhibition, Richard B. Spears, an oil field services market researcher, says the worst may be yet to come for that market, but a partial recovery also could come sooner than expected.

Chesapeake reduces 2015 capital budget to $3.5-4 billion

In response to lingering low oil and gas prices, Oklahoma City independent Chesapeake Energy Corp. has reduced its 2015 capital budget to $3.5-4 billion, which is a $500 million reduction from its previous guidance of $4-4.5 billion (OGJ Online, Feb. 25, 2015).

Enlink to acquire VEX pipeline from Devon Energy

EnLink Midstream Partners LP, Dallas, reported entering into an agreement to acquire the Victoria Express Pipeline (VEX) and related truck terminal and storage assets from Devon Energy Corp. for a total of $210-220 million.

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North Atlantic Refining

NOW HIRING: REFINERY MANAGER

Now Hiring: Refinery Manager. NARL Refining Limited Partnership (“NARL Refining” or the “Company”) owns and operates a 115,000-barrel-per-day oil r...
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Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
WASHINGTON STATE UNIVERSITY

FACULTY POSITION

The Gene and Linda Voiland School of Chemical Engineering and Bioengineering at Washington State University invites applications for the B. Wise Di...

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