Northern Oil and Gas to buy Williston basin assets from VEN BakkenNorthern Oil and Gas Inc., Minneapolis, has agreed to acquire from VEN Bakken LLC the company’s Williston basin assets for $165 million in cash, a $130 million 6% 3-year senior unsecured note due 2022, and some 5.6 million shares of Northern common stock.
Read MoreQatar Petroleum tenders for 60-100 new LNG carriersQatar Petroleum issued an invitation to tender for construction of the LNG carrier fleet for its North Field Expansion project.
Read MoreUS to end sanctions waivers for major Iranian oil importersThe White House confirmed on Monday morning that it will end all waivers from Iran sanctions when they expire on May 2.
Read MoreFERC staff issues final EIS for Annova LNG Brownsville projectThe proposed Annova LNG Brownsville natural gas liquefaction plant and export terminal along the Brownsville Ship Channel in Cameron County, Tex., would have adverse environmental impacts which mostly could be reduced to less-than-significant levels if recommended mitigation measures are implemented, FERC staff said on Apr. 19 in a final environmental impact statement.
Read MoreCOGCC issues interim guidelines as it develops new regulationsThe Colorado Oil & Gas Conservation Commission issued interim guidelines for operators on Apr. 19 as it began to develop new regulations to comply with new restrictions the state legislature adopted and Gov. Jared Polis (D) signed into law.
Read MoreExxonMobil signs 20-year LNG agreement with Zhejiang EnergyExxonMobil and Zhejiang Provincial Energy Group entered into a sale and purchase agreement for liquefied natural gas.
Read MoreAramco to buyout Shell’s interest in Sasref refining joint ventureSaudi Aramco has reached a deal to acquire Royal Dutch Shell PLC’s share of the partners’ 50-50 joint venture Saudi Aramco Shell Refinery Co.(Sasref), which operates the 305,000-b/d refinery at Jubail, Saudi Arabia.
Read MoreKuwait lets contract for Al-Zour integrated complexKuwait Integrated Petroleum Industries Co. has let a contract to McDermott International Inc. to provide technology for a new unit at KIPIC’s grassroots 615,000-b/d Al-Zour integrated refining and petrochemical complex under construction in southern Kuwait.
Read MoreForeign (US) role in Alberta elections alleged by bloggerLong before the United Conservatives Party spanked incumbent New Democrats in Alberta elections Apr. 16, questions of foreign influence cried for attention.
Read MoreHurricane spuds Warwick Deep well off UKHurricane Energy PLC has spudded the 205/26b-C well (Warwick Deep) in the Greater Warwick Area (GWA) west of the UK Shetland Islands.
Read MoreEni to operate block off Ras Al KhaimahEni has signed an exploration and production sharing agreement for Block A offshore Ras Al Khaimah.
Read MoreJAPEX spuds wildcat off Hokkaido, JapanJapan Exploration Co. Ltd. has spudded an exploratory well 50 km offshore the Hidaka area of Hokkaido, Japan.
Read MoreACG partners approve $6-billion platformPartners in the Azeri-Chirag-Deepwater Gunashli (ACG) complex in the Caspian Sea offshore Azerbaijan have approved the investment of $6-billion in a new platform able to process as much as 100,000 b/d of oil.
Read MoreMARKET WATCH: NYMEX crude for May settles at $64/bblLight sweet crude prices on the New York market gained to settle at $64/bbl on Apr. 18, marking the second time in 3 days that the benchmark has reached or broken above that level.
Read MorePort Arthur LNG moves closer to FID with FERC authorizationPort Arthur LNG LLC, a subsidiary of Sempra Energy, received FERC authorization to site, construct, and operate the Sempra-led Port Arthur LNG liquefaction-export facility under development in Jefferson County, Tex., moving the project closer to a final investment decision.
Read MoreExxonMobil reports 13th discovery offshore GuyanaExxonMobil Corp. reported a new oil discovery offshore Guyana with the Yellowtail-1 well in Stabroek block, bringing the total discoveries on that block to 13 and adding to an estimated recoverable resource of 5.5 billion boe.
Read MoreGripes about Trump’s pipeline orders don’t speak for ‘the world’In their gripes about US President Donald Trump’s Apr. 10 executive orders supporting pipeline construction, activists resorted to familiar artfulness.
Read MoreSurge Energy drills 3.4-mile lateral in Permian basinSurge Energy US Holdings Co. subsidiary Moss Creek Resources Holdings Inc. reported drilling the Medusa Unit C 28-09 3AH to 24,592 ft TMD (7,102 ft TVD).
Read MoreBaker Hughes: US rig count down 10 units to 1,012The US drilling rig count dropped 10 units to reach 1,012 rigs working for the week ended Apr. 18, according to Baker Hughes data. The count is down 1 unit from the 1,013 rigs working this time a year ago.
Read MoreChrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billionChrysaor E&P Ltd. has agreed to purchase the United Kingdom oil and gas business of ConocoPhillips for $2.675 billion, increasing Chrysaor’s pro forma 2018 production to 177,000 boe/d to become one of the largest oil and gas producers in the UK North Sea.
Read MoreTellurian’s Driftwood receives FERC authorizationThe US Federal Energy Regulatory Commission has issued the order granting authorization for Tellurian Inc.’s proposed Driftwood LNG export project and an associated pipeline in Louisiana. The project would produce as much as 27.6 million tonnes/year of LNG for export.
Read MoreCanada delays Trans Mountain decisionThe Canadian government has delayed until June 18 its decision on the contested expansion of the Trans Mountain crude oil and products pipeline between Alberta and British Columbia.
Read MoreMARKET WATCH: Crude benchmarks drop despite lower US crude suppliesLight sweet crude prices on the New York market and Brent crude prices on the London market both fell to settle lower Apr. 17 despite the US Energy Information Administration’s weekly inventory report that showed the first weekly decline in US crude supplies in a month.
Read MoreOman-Kuwait JV lets contracts for Duqm refineryDuqm Refinery & Petrochemical Industries Co. LLC, through contractors, has let two separate contracts to Douglas OHI for work on DRPIC’s 230,000-b/d refinery and petrochemical complex to be built in the Duqm Special Economic Zone in Duqm, Al Wusta Governate, on the southeastern coast of Oman.
Read MoreCAPP 'encouraged' by Alberta premier-electThe Canadian Association of Petroleum Producers greeted the United Conservative Party’s Apr. 16 election victory in Alberta by saying it is “encouraged by Premier-elect Jason Kenney’s commitment to the oil and natural gas industry.”
Read MoreGazpromneft targets West Siberian AchimovGazpromneft-Zapolyarye has completed agreements allowing it to start developing Cretaceous Achimov strata in Yamburgskoye oil and gas condensate field and oil-rim deposits in parent Gazprom’s Pestsovoye and En-Yakhinskoye gas fields in the Yamal-Nenets Autonomous Okrug of Russia.
Read MoreFERC staff issues final EIS for Gulf Liquefaction LNG projectThe proposed Gulf Liquefaction LNG Project would have some adverse environmental impacts which could be reduced to less-than-significant levels if recommended mitigation measures are implemented, the Federal Energy Regulatory Commission’s staff said on Apr. 17 in a final environmental impact statement.
Read MoreIOCs recorded high reserve replacement, low F&D costs in 2018, analysis shows
Read MoreSantos confirms gas in Corvus field off Western AustraliaCorvus field appraisal drilling confirmed more gas resources offshore Western Australia. Drillers reported a 2,093-ft gross interval, one of the largest columns to be discovered on the North West Shelf, said Santos Ltd. of Adelaide.
Read MoreMajors scoop up acreage in offshore Argentina bid roundUnits of ExxonMobil Corp., Equinor, and Wintershall were among the companies that submitted winning bids in Argentina’s Apr. 16 licensing round—the first open bid round for Argentinean offshore acreage in more than 20 years—where 38 blocks were on offer, 18 of which were licensed.
Read MoreDixit appointed CEO of Cairn Oil & GasAjay Kumar Dixit has been named chief executive officer of Cairn Oil & Gas, part of Vedanta Ltd. based in Gurgaon, India. He succeeds Sudhir Mathur, who has left the company.
Read MoreBHP Petroleum plans more appraisal drilling off MexicoBHP Petroleum plans additional appraisal drilling on Trion block offshore Mexico during this year’s second half, the company said in an operational update. Previously, BHP sold its US shale operations to focus on conventional oil and gas in the US Gulf of Mexico and Australia.
Read MoreDOE announces up to $39 million in oil, gas R&D project grantsThe US Department of Energy announced up to $39 million in federal funding for cost-shared research and development projects that aim to improve oil and natural gas technologies. Selected projects will fall under two DOE Office of Fossil Energy funding opportunity announcements, DOE said on Apr. 16.
Read MoreEIA: US shale production to reach 8.46 million b/d in MayThe US Energy Information Administration forecasts crude oil production from seven major shale formations will climb 80,000 b/d in May to a record 8.46 million b/d, EIA said in its Monthly Drilling Productivity Report.
Read MoreColorado’s governor signs Senate Bill 181 into lawColorado Gov. Jared Polis (D) signed S.B. 181, which imposes new restrictions on oil and gas activities in the state, into law on Apr. 16. The measure was designed to strengthen local governments’ authority over such operations, its sponsors said when they introduced it on Mar. 1.
Read MoreEIA: US crude inventories down 1.4 million bblUS crude oil inventories for the week ended Apr. 12, excluding the Strategic Petroleum Reserve, decreased by 1.4 million bbl from the previous week, data from the US Energy Information Administration showed. At 455.2 million bbl, US crude oil inventories are 2% below the 5-year average for this time of year, the report indicated.
Read MoreMARKET WATCH: Brent crude prices approaching $72/bblBrent crude oil prices on the London market gained more than 50¢ to settle at $71.72/bbl on Apr. 16 and continued rising Apr. 17 in early trading on concerns about tightening world oil supplies. Crude oil supplies have declined this year with US sanctions on Venezuela and Iran. Meanwhile, major producers, including Russia, also are holding back production.
Read MoreJones Energy files voluntary bankruptcyJones Energy Inc. has filed a prepackaged plan of reorganization under Chapter 11 of the US Bankruptcy Code designed to convert to equity all its funded debt. The company said the plan will enable it to maintain operations as usual.
Read MoreWatching Government: Licensing professional engineersA US House Transportation and Infrastructure subcommittee’s Apr. 3 pipeline safety hearing concentrated on conditions creating too much pressure during Columbia Gas of Massachusetts’s replacement of century-old pipes in its Merrimack Valley system near Boston in September 2018. The resulting explosions damaged 40 homes, killed one person, and injured 25 more.
Read MoreEnergean to develop gas strike off IsraelEnergean Oil & Gas plans to develop a natural gas discovery in its deepwater Karish North exploration well offshore Israel. The well, drilled to 4,880 m TD in more than 1,700 m of water by the Stena DrillMAX drillship, encountered a gross hydrocarbon column of up to 249 m with high-quality reservoir in Early Miocene Tamar B and C sands.
Read MoreTalos Energy updates Zama appraisal programTalos Energy Inc. and partners drilled the Zama-2 ST1 appraisal well 589 ft updip of the Zama-2 well and 1.4 miles north of the Zama-1 exploration well offshore Mexico on Block 7 in the Sureste basin. Talos operates Block 7. Partners are Sierra Oil & Gas and Premier Oil.
Read MoreNEB approves NGTL’s West Path Delivery projectCanada’s National Energy Board has granted approval to Nova Gas Transmission Ltd.’s (NGTL) West Path Delivery project plan to construct and operate a 21½-km natural gas pipeline, two compressor station unit additions, and related facilities to supply southwest Alberta and connected markets with Western Canadian production.
Read MoreBP lets contract for Azerbaijan offshore projectBP Exploration (Caspian Sea) Ltd. has let a contract to Turan Drilling & Engineering Co. LLC, a joint venture of KCA Deutag and Socar AQS, for the operation and maintenance of seven platform drilling rigs, said Turan Drilling, which was formed in July 2018.
Read MoreUS offshore safetyThe US Bureau of Safety and Environmental Enforcement and industry are revising the way each does its work in the Gulf of Mexico, BSEE Director Scott Angelle said during a March visit to Louisiana where he met with BSEE regional staff and others.
Read MoreConcho, Frontier create Midland basin midstream joint ventureConcho Resources Inc. and Frontier Midstream Solutions IV LLC have agreed to form Beta Crude Connector LLC (BCC) to build and provide crude oil gathering, transportation, and storage services in the northern Midland basin. Frontier will serve as operator. Each company will own equal equity interest.
Read MoreFeed gas introduced into Train 1 at Cameron LNGTrain 1 of the Cameron LNG project in Hackberry, La., has reached the final commissioning stage, marking the transition from construction to startup, said McDermott International Inc. Since the initial award in 2014, McDermott and Chiyoda International Corp., a US subsidiary of Japan’s Chiyoda Corp., have provided the engineering, procurement, and construction for the project.
Read MoreEPA’s latest annual US greenhouse gas inventory shows declineLower fossil fuel releases are continuing to help drive US greenhouse gas emissions lower, the US Environmental Protection Agency’s latest annual report showed. EPA said 2017’s GHG emissions totaled 6,456.7 million tonnes of carbon dioxide equivalent (tCO2e), or 5,742.6 million tCO2e after accounting for land sequestration.
Read MoreBSOG granted approval to develop Ana, Doina gas fieldsBlack Sea Oil & Gas and its partners will advance the Midia gas development project with approval from the Romanian government through the National Agency for Mineral Resources to develop Ana and Doina natural gas fields offshore Romania in the Black Sea.
Read MoreMARKET WATCH: Brent crude for June drops yet holds above $71/bblBrent crude oil dropped modestly on the London market Apr. 15 but still settled above $71/bbl following reports of lower Venezuelan and Iranian exports because of US sanctions. Renewed civil unrest in Libya also raised oil supply concerns. Khalifa Haftar’s Libyan National Army continues fighting forces backed by the internationally recognized Libyan government.
Read MoreUkraine launches tender offering for Dolphin block in Black SeaThe Ukrainian government has launched a public tender for the Dolphin offshore block under a production-sharing agreement, covering 9,496 sq km of the northwestern part of the Black Sea’s continental shelf.
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