completed, OxyChem will operate the cracker, which remains on schedule to be commissioned during first-quarter 2017, the company said. The JV estimated its total investment into the project at about $1.5 billion. First announced in November 2013
Enacting a severance tax aimed at Pennsylvania’s unconventional natural gas activity would substantially harm the commonwealth beyond the industry itself, three oil and gas trade association officials warned.
High-volume hydraulic fracturing will be banned in the state of New York, Gov. Andrew Cuomo’s administration announced Dec. 17, citing health risks and concerns about possible contamination of air and water. The state has had a temporary moratorium on fracturing in the Marcellus shale for years.
Capital investment in Rumaila is expected to total $1.7 billion in 2015. The partnership continues to discuss with the Iraqi government plans to redevelop the field following the amendments to the technical service contract. This will include drilling hundreds
Cooper Energy Ltd., Adelaide, has bought a 50% interest in the offshore Gippsland Sole dry gas field in retention lease Vic/RL3 as well as 50% of the Orbost onshore gas plant in eastern Victoria from Santos Ltd.
disclose the value of the lump-sum contract, the service company said it did book the project into its backlog earlier in 2014 ..... 1 billion in to install the delayed coker as part of the company ’s long-term strategy to help the Antwerp refinery better
Oil prices held fairly steady on the New York market in Dec. 16 trading while Brent crude oil prices fell by more than $1/bbl on the London market. The average price for the Organization of Petroleum Exporting Countries basket of 12 crudes dipped under $56/bbl.
in an effort to move discussion of the controversial program beyond simply preserving or scrapping it. “We found a lot of people were laying out lists of problems, and wanted to start discussing possible solutions,” BPC Senior Policy Analyst Scott McKee
capital expansion plans in Eurasia, EDC said it expects strong growth in Canadian procurement from the Azerbaijani-owned oil company over the 15-year term of the loan. EDC’s announcement follows the signing of loan agreements by SOCAR Turkey Energy
total directed towards four of what the company is calling its “highest margin growth ..... president and chief executive officer. The company estimates it will increase its total liquids ..... long-term strategic goals.” The company ’s 2015 capital program is based on