More Oil & Gas News

Report for API quantifies new technologies’ 2013 US economic benefits

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation’s crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

Induced seismicity research effort identifies information gaps

A federally coordinated effort to determine whether oil and gas activities are related to growing reports of induced seismic activity has identified several information gaps that need to be closed, speakers said during an Oct. 30 briefing at the US Energy Association.

Hibiscus, 3D Oil close on sale of license offshore Victoria

3D Oil Ltd., Melbourne, has completed the sale of its interests in Victorian offshore production licence Vic/L31 to Malaysian’s Hibiscus Petroleum Bhd.

BLM issues final SEIS for Greater Mooses Tooth project in NPR-A

The US Bureau of Land Management released its final supplemental environmental impact statement for the proposed Greater Mooses Tooth (GMT1) oil and gas project within the National Petroleum Reserve-Alaska. “Reaching this stage of permitting is a major milestone for the project and for the future of balanced, responsible federal oil production in the NPR-A,” BLM Director Neil Kornze said.

MARKET WATCH: Oil prices climb but stay below earlier 2014 levels

Crude oil prices for December delivery climbed nearly 80¢ on the New York market Oct. 29 while Brent prices in London gained more than $1/bbl although oil prices still remain low compared with a few months ago.

Western Gas to acquire Delaware basin midstream operator

Western Gas Partners LP will acquire Nuevo Midstream LLC for $15 billion in cash, Nuevo Midstream and its private equity backer EnCap Flatrock Midstream have reported.

Buyer emerges for shuttered St. Croix refinery

Hovensa LLC, the joint venture of Hess Corp. and Petroleos de Venezuela SA (PDVSA), has found a buyer that hopes to restart its idled 500,000-b/d refinery on the island of St. Croix, US Virgin Islands government officials confirmed

PwC: US oil, gas transaction value hits 10-year high in 3Q

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

MARKET WATCH: NYMEX oil prices gain modestly pending inventory report

Crude oil prices for December delivery rose modestly on the New York market Oct. 27 pending the weekly government petroleum inventory report, which showed another gain in US oil supplies, and industry spokesmen discussed how low oil prices might slow tight-oil production.

Total names refining, chemicals president

Total SA has appointed Philippe Sauquet as president, refining and chemicals, and as a member of the company’s executive committee, effective immediately.

Hess to develop deepwater gulf oil field

Production is to begin in 2018 from deepwater Stampede oil field in the Gulf of Mexico under a development plan approved by operator Hess Corp. and partners.

Shell seeks 5-year extension on leases in Beaufort, Chukchi seas

Shell Offshore Co. has requested a 5-year extension of its federal offshore leases in the Beaufort and Chukchi seas offshore Alaska. “The request reflects the extent of the actual delays we have experienced as a result of court decisions and agency actions for the last several years,” a Shell spokesman in Alaska told OGJ.

Tengizchevroil lets contract for Kazakh production facility expansion

Tengizchevroil (TCO), a joint venture of Chevron Corp., ExxonMobil Corp., KazMunayGas, and LukArco, has let an engineering, procurement, and construction contract to Bechtel to build four crude-oil storage tanks at the TengizChevroil oil production facility in Tengiz, Kazakhstan. Bechtel also will modernize the fire and gas detection systems across the entire crude tank farm.

PGNiG picks up interest in four fields on NCS

PGNiG Upstream International, the Norway-focused subsidiary of Polish Oil & Gas Co., has agreed to acquire 8% interest in Gina Krog field, 24.243% in Vilje field, 24.243% in Vale field, and 6% in Morvin field on the Norwegian continental shelf from Total E&P Norge AS, a wholly owned subsidiary of Total SA, for $317 million. The deal is effective Jan. 1, 2014.

Regtien named DNO chief operating officer

DNO ASA, Oslo, has appointed Jeroen Regtien as chief operating officer based in Dubai, effective Jan. 1, 2015.

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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...
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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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