OGJ NEWSLETTER

Are oil markets moving against conventional wisdom? Instead of rising at winter's peak as expected, oil prices have fallen by about $6/bbl. Price declines usually come in the spring, Merrill Lynch notes, but with the price slide coming several months early, the analyst contends prices will be on the upswing in spring.

Jan 20th, 1992
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191010 Equinor Aussie Permit Map
Exploration & Development
Equinor awarded permit off Western Australia

Equinor AS has been awarded exploration acreage in the Northern Carnarvon basin on the North West Shelf offshore Western Australia. Block WA-542-P, operated and held 100% by Equinor, lies west of the Dorado oil discovery.

OGJ editors
Oct 10th, 2019
191009 Rystad Discoveries Chart
Reserves
Rystad: Oil and gas resource replacement ratio lowest in decades

Oil and gas companies have discovered 7.7 billion boe year-to-date, according to Rystad Energy’s latest global discoveries report.

OGJ editors
Oct 9th, 2019
191009 Honeywell Uo Turkey C3 Oleflex
Petrochemicals
Turkish operator lets contract for country’s first PDH unit

Ceyhan Polipropilen Uretim has let a contract to Honeywell UOP to provide process technology for propylene production at a grassroots petrochemical complex in the Ceyhan Mega Petrochemistry Industry Zone of Ceyhan, Turkey.

Robert Brelsford
Oct 9th, 2019
The Stena Forth drillship in Ghana.
Exploration & Development
Local firm spuds deepwater well off Ghana

Springfield Exploration & Production Ltd., Accra, has spudded the first of two deepwater wells planned on its West Cape Three Points Block 2 offshore Ghana.

OGJ editors
Oct 8th, 2019
The Santos/Carnarvon Petroleum JV has concluded its 2019 drilling program at Dorado oil and gas field in the Bedout subbasin offshore Western Australia
Drilling & Production
Success in Dorado-3 second test enhances field expectations

The Santos Ltd./Carnarvon Petroleum Ltd. joint venture has announced a successful conclusion to its 2019 drilling program at Dorado oil and gas field in the Bedout subbasin offshore Western Australia.

Rick Wilkinson
Oct 8th, 2019
The government of India is extending an additional line of credit to the government of Mongolia for the country’s first refinery project now under construction in the southeastern province of Dornogovi.
Refining
India ramps up support for new Mongolian refinery

The government of India is extending an additional $236-million line of credit to the government of Mongolia for the country’s first refinery project now under construction on 150 hectares in Altanshiree Soum near Sainshand.

Robert Brelsford
Oct 8th, 2019
A Total subsidiary has started construction of its third and largest solar plant in Japan.
General Interest
Total building third Japanese solar park

A wholly owned Total subsidiary has started construction of its third and largest solar plant in Japan.

OGJ editors
Oct 8th, 2019
191004 Husky Prince George Refinery
Refining
Husky finds buyer for Prince George refinery

Husky Energy Inc. has agreed to sell its 12,000-b/d refinery in Prince George, BC, to Tidewater Midstream & Infrastructure Ltd. for $215 million (Can.) in cash plus a closing adjustment for inventory.

Robert Brelsford
Oct 4th, 2019
191003 Hgsl Tolmount Diagram
Drilling & Production
Tolmount platform in UK North Sea gets installation operator

Humber Gathering System, a Kellas Midstream company, and Dana Petroleum have appointed ODE Asset Management as installation operator of the Tolmount platform, a normally unattended installation in the southern UK North Sea.

OGJ editors
Oct 3rd, 2019
Top 10 US upstream deals of 3Q 2019, Enverus.
Economics & Markets
US oil and gas M&A activity maintains momentum in third quarter

US oil and gas mergers and acquisitions activity surpassed $17 billion in this year’s third quarter, maintaining the momentum established in the second quarter, according to a recent report from Austin-based oil and gas data analytics company Enverus.

OGJ editors
Oct 2nd, 2019