Alberta royalty report eases industry worry

Alberta’s Royalty Review Advisory Panel has eased concerns of the oil and gas industry by recommending new attention to cost rather than aggressive rate increases. Source: News

BP makes changes to senior executive team

BP PLC has appointed Lamar McKay to the new position of deputy group chief executive as part of the company’s reorganization that will follow the May 1 retirement of Katrina Landis, executive vice-president of corporate business activities. Source: News

BPTT to invest $1.5 billion in Trinidad and Tobago this year

BP Trinidad & Tobago (BPTT) has reported that it will invest $1.5 billion in Trinidad and Tobago this year in spite of falling oil prices and declining revenue, BPTT Pres. Norman Christie said. Source: News

CNOOC begins production from two more Beibu Gulf fields

CNOOC Ltd. has started oil production from the Weizhou 12-2 joint development project and Weizhou 11-4 North Phase II project in the Beibu Gulf basin of the South China Sea. Source: News

Chevron’s Wheatstone project faces 6-month delay

Chevron Australia has confirmed a major delay of 6 months to the start-up of its 8.9 million-tonne/year Wheatstone LNG project in Western Australia. Source: News