Total SA has let a contract to Axens to supply technology for a vacuum gas oil hydrodesulfurization (VGO HDS) unit to be built as part of a €200-million modernization and overhaul of the 220,000-b/d Donges refinery near Saint Nazaire, France. Source: News
Orlen Upstream agrees to acquire FX Energy
Orlen Upstream Sp. z o.o., a wholly owned subsidiary of Polski Koncern Naftowy Orlen SA, has agreed to acquire all outstanding shares of Salt Lake City-based FX Energy Inc. Source: News
Kuwait finalizes contracts for grassroots refinery
Kuwait National Petroleum Co. (KNPC) has finalized a series of contracts to groups of oil and gas service providers for construction of its long-planned 615,000-b/d Al-Zour refinery complex in southern Kuwait as part of the company’s Clean Fuels Project (CFP). Source: News
IEA: Global oil market likely to be oversupplied through 2016
A projected marked slowdown in oil demand growth next year and the anticipated arrival of additional Iranian barrels—should international sanctions be eased—are likely to keep the market oversupplied through 2016, the International Energy Agency said in its October Oil Market Report. Source: News
Oil production starts from Kuparuk drill site in Alaska
ConocoPhillips Alaska Inc. has started oil production from its Kuparuk drill site on Alaska’s North Slope (ANS). Known as Kuparuk Drill Site 2S, or DS2S, the project is expected to add 8,000 bo/d gross at peak production. Source: News
USD Partners to buy crude-oil rail terminal in Wyoming
USD Partners LP, Houston, reported plans to acquire 100% of the equity interests in a railroad terminal named Casper Crude to Rail LLC in Casper, Wyo., from Stonepeak Infrastructure Partners, Cogent Energy Solutions, and the Granite Peak Group for $225 million, subject to closing adjustments. Source: News
MARKET WATCH: Oil prices plummet on ample world supply concerns
Light, sweet crude oil prices for November delivery plummeted to settle $2.53/bbl lower on the New York market on Oct. 12 on lingering concerns that ample world oil supplies will extend well into 2016, keeping oil prices low. Source: News
MOU signed on Uganda-Tanzania crude line
The governments of Uganda and Tanzania, the Tanzanian Petroleum Development Corp., and Total E&P Uganda have signed a memorandum of understanding on “development principles” for a crude oil pipeline between Hoima, Uganda, and Tanga Port, Tanzania. Source: News
Eni, BP take licenses offshore Egypt in 2015 bid round
Eni SPA and BP PLC have been awarded exploration rights to the 1,927-sq-km Block 4 and 1,389-sq-km Block 7 offshore Egypt following the 2015 Egyptian Natural Gas Holding Co. (Egas) bid round. Source: News
Ireland approves Shell to operate Corrib gas plant
Ireland’s Environmental Protection Agency (IEPA) has approved a license for Royal Dutch Shell PLC to operate its onshore gas processing plant and terminal at Bellanaboy Bridge, Bellagelly South, in County Mayo, which will receive and process as much as 10 million cu m/day of natural gas from Corrib field about 83 km off northwestern Ireland. […]