The US Bureau of Ocean Energy Management lowered the shallow-water royalty rate for proposed Outer Continental Shelf Lease Sale 249 in the Gulf of Mexico to 12.5% from the original 18.75%. The new rate, which is the same as the one for federal onshore oil and gas royalties, would apply in water less than 200 […]
Norway’s PSA sanctions Statoil’s subsea equipment use for Sigyn field
The Norwegian Petroleum Safety Authority authorized Statoil’s plans to use subsea facilities serving Sigyn field in production license 072 in the North Sea. Production from Sigyn, which contains gas, condensate, and light oil, came on stream in 2002 via a subsea well template. Source: News
Petrobras to exit sales, trading in Paraguay
Petroleo Brasileiro SA (Petrobras) wants to sell its oil trading and marketing assets in Paraguay. Source: News
Total commissions revamped steam cracker at Antwerp
France’s Total SA has completed a project to increase feedstock flexibility at one of two steam crackers in its 338,000-b/d integrated refining and petrochemical platform in Antwerp, Belgium. Source: News
Petrobras, Chevron offer block off Brazil
Petroleo Brasileiro SA (Petrobras) has filed initial disclosures for divestment of the southern Campos basin block encompassing the Maromba heavy-oil discovery offshore Brazil. Source: News
07 Jul 2017 11:00:12 EDT – The latest stock information is now available for your stocks
XOM Last 79.975 Change –0.145 % Change 0.18% Volume 3,349,686 As of: 7 Jul 2017 11:00:13 EDT View: Stock Quote | News CVX Last 103.09 Change –0.73 % Change 0.7% Volume 1,301,649 As of: 7 Jul 2017 11:00:13 EDT View: Stock Quote | News COP Last 42.63 Change –0.68 % […]
MARKET WATCH: NYMEX, Brent oil prices up for a day on inventory
Light, sweet crude oil prices settled slightly above $45.50/bbl on the New York market July 6 after a weekly government report showed US oil supplies fell 6.3 million bbl for the week ended June 30. Source: News
07 Jul 2017 10:05:54 EDT – The latest stock information is now available for your stocks
XOM Last 80.04 Change –0.08 % Change 0.1% Volume 1,764,719 As of: 7 Jul 2017 10:05:54 EDT View: Stock Quote | News CVX Last 103.25 Change –0.57 % Change 0.55% Volume 548,331 As of: 7 Jul 2017 10:05:54 EDT View: Stock Quote | News COP Last 42.93 Change –0.38 % […]
Zinke signs order to address federal onshore drilling permit delays
US Interior Sec. Ryan Zinke signed an order on July 6 aimed at reducing oil and gas drilling permit delays on federal onshore lands and holding lease sales at least quarterly. Source: News
Gambia approves FAR’s farm-in to offshore blocks
The Gambian government has approved an agreement in which FAR Ltd., Perth, will acquire 80% interest and operatorship of Houston-based Erin Energy Corp.’s offshore A2 and A5 blocks. Erin Energy will retain 20% working interest. Source: News