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Turkish refinery secures Canadian financing

Export Development Canada (EDC) said it is participating as lead arranger in the $3.3 billion debt-financing consortium supporting STAR Rafineri AS’s planned 214,000-b/d SOCAR Turkey Aegean Refinery (Star) in Aliaga, Turkey.

Encana to focus spending on four core shale assets in 2015

Encana Corp., Calgary, reported plans to spend $2.7-2.9 billion on its capital budget with roughly 80% of this total directed towards four of what the company is calling its “highest margin growth plays,” namely the Montney and Duvernay shale areas in Canada and the Eagle Ford and Permian areas in the US. Encana expects to generate about 75% of its 2015 cash flow from oil and liquids production.

Cenovus trims budget, slows oil sands work

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to declining crude oil prices and will slow development of some of its thermal oil sands projects in Alberta.

Repsol to acquire Talisman in $13 billion deal

Spain’s Repsol SA has agreed to acquire all shares of Talisman Energy Inc. of Calgary for $8.3 billion along with assumed debt of $4.7 billion. The deal has been approved and recommended by Talisman’s board, and the companies hope to complete it by midyear 2015.

Cook to head DONG Energy E&P group

David B. Cook has been named group executive vice-president and chief executive officer for exploration and production at DONG Energy, Fredericia, Denmark. He previously was executive officer and head of oil and gas at Abu Dhabi National Energy Co. (TAQA).

Sunshine Oilsands appoints chief executive officer

Sunshine Oilsands Ltd., Calgary, has appointed Luo Hong as chief executive officer and Jiang Qi as president and chief operating officer.

Woodside to buy Apache’s interests in Wheatstone, Kitimat LNG for $2.75 billion

Woodside Petroleum Ltd. has agreed to acquire interest in the Wheatstone LNG and Kitimat LNG projects, respectively in Western Australia and British Columbia, along with accompanying upstream oil and gas reserves, belonging to Houston independent Apache Corp. for $2.75 billion.

OGJ Newsletter

International news for oil and gas professionals

Watching Government: Russia: On the ropes?

Russia's Dec. 1 cancellation of its South Stream natural gas pipeline was not surprising. European nations have signaled for years that they intend to diversify their supply sources and rely less heavily on Russian gas giant Gazprom.

Speakers say methane controls just part of complete climate strategy

Reducing oil and gas operations' methane emissions is an essential, but far from the only, part of a comprehensive climate strategy, speakers at a Center for Strategic and International Studies event agreed.

Encana plans to hit the ground running in Permian

Encana Corp. has announced its second major acquisition in a Texas oil play this year, agreeing in September to acquire Permian basin-focused producer Athlon Energy Inc. for $7.1 billion.

Linn sells down Permian position

Linn Energy LLC, of Houston, has agreed to sell assets in Ector and Midland counties, Tex., to Fleur de Lis Energy LLC, of Dallas, for $350 million.

Linn exits Anadarko basin in deal worth $1.95 billion

Linn Energy LLC has agreed to sell all of its oil and gas properties and related midstream assets in the western Anadarko basin for $1.95 billion to FourPoint Energy LLC and EnerVest Ltd.

Eagle Ford sweet spots still profitable

The average Eagle Ford well remains viable with US light, sweet crude prices at $80/bbl, but the economics of some wells outside the play's sweet spots could prove vulnerable if prices continue falling, Gaffney, Cline, and Associates said in an analysis of unconventional resources.

Southwestern makes $5.4 billion bet on Marcellus

Southwestern Energy Co. is purchasing Appalachian assets from Chesapeake Energy Corp. in a deal that more than doubles its leasehold in the Marcellus shale and grants it a foothold in an area of the play that is also prospective for the emerging Utica shale.

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

Are You Ready to Unlock Your Potential?

WE UNLOCK POTENTIAL. Our mission is to unlock the world’s natural resources from the deepest parts of the ocean. We know it takes a team of driven,...

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