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SPDC agrees to £55 million settlement with Bodo community

Shell’s Nigerian subsidiary Shell Petroleum Development Co. of Nigeria Ltd. (SPDC), reported signing a £55-million settlement agreement with the Bodo community in respect of the two operational spills in 2008.

Lundin reports 31% lower capex budget for 2015

Swedish independent Lundin Petroleum AB has budgeted a total of $1.45 billion for development, appraisal, and exploration in 2015, marking a 31% decrease from its capital spending budget for last year.

American Energy’s Utica, Marcellus units to merge

American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM), both affiliates of American Energy Partners LP (AELP), will merge in an all-stock transaction. 

Moniz: Low crude prices unlikely to change US energy policies

Crude oil prices below $50/bbl could force some producers to reduce capital expenditures if they go on for long, but are not likely to change US energy policies, according to US Sec. of Energy Ernest G. Moniz.

MARKET WATCH: NYMEX crude oil rebounds somewhat

US light, sweet crude oil futures prices for February rebounded modestly on the New York market Jan. 7 after a weekly government report showed crude oil inventories dropped more than analysts had expected while supplies of diesel and gasoline gained.

Athabasca Oil promotes Broen to president

Athabasca Oil Corp., Calgary, has promoted Rob Broen to president. Broen has been chief operating officer and retains that title. Tom Buchanan continues as chief executive officer and chairman.

Barrasso, Heinrich introduce bill to increase LNG exports

US Sens. John A. Barrasso (R-Wyo.) and Martin Heinrich (D-NM) introduced the 114th Congress’s first legislation aimed at increasing US exports of LNG.

API includes other sources in broader State of American Energy report

The American Petroleum Institute broadened its fifth annual State of American Energy report as it included solar, nuclear, hydropower, wind, coal, geothermal, biomass, and energy efficiency as well as oil and gas.

Bradshaw to head Trans Adriatic Pipeline

Ian Bradshaw, senior vice-president for capital projects at BG Group, has been named managing director of Trans Adriatic Pipeline AG, Baar, Switzerland.

MARKET WATCH: NYMEX crude oil settles at less than $48/bbl

Crude oil futures prices for February settled at under $48/bbl on the New York Jan. 6, touching a low last reported in April 2009 while Brent crude oil futures on the London market stayed slightly above $51/bbl, the lowest level since early May 2009.

White House: Obama won’t sign bill approving Keystone XL

The White House signaled that US President Barack Obama will not sign a bill approving construction of the Keystone XL crude oil pipeline if one reaches his desk. “I would not anticipate the president would sign this piece of legislation,” Press Sec. Josh Earnest said during the regular daily briefing.

Petrotrin’s downstream takes hit from US shale, poor margins

Trinidad and Tobago’s state-owned oil company Petrotrin is blaming the shale oil revolution in the US and poor refining margins overall for a $60 million loss during its 2013-14 fiscal year.

Pemex advances clean energy plans at Salina Cruz refinery

Mexico’s Petroleos Mexicanos (Pemex) is in the process of converting its Antonio Dovali Jaime refinery in Salina Cruz, Oaxaca, to operate on cleaner, more affordable fuels as part of the country’s recently inaugurated energy reform legislation.

Moody’s sees no quick supply response to spending cuts

Spending cuts announced so far by oil and gas companies will have a limited effect on oil supplies in a year beginning with oil price weakness and promising trouble for the producing and support industries, says a report from Moody’s Investors Service.

House to vote Jan. 9 on bill to approve Keystone XL project

The US House of Representatives majority has scheduled a Jan. 9 vote on a bill to approve the Keystone XL crude oil pipeline project. Rep. Kevin Cramer (R-ND), an incoming member of the Energy and Commerce Committee, plans to introduce the measure when the 114th Congress convenes on Jan. 6.

Market Connections

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

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

 

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