Chevron Phillips Chemical nears completion of US Gulf Coast petchem project

Chevron Phillips Chemical Co. LP, a joint venture of Chevron Corp. and Phillips 66, has completed construction of a 1.5 million-tonne/year ethane cracker at the combine’s Cedar Bayou facility in Baytown, Tex., as part of the second phase of its previously announced $6-billion US Gulf Coast petrochemical project. Source: News

Eni picks up Tarfaya shallow-water acreage offshore Morocco

Eni SPA has expanded its existing position in Morocco by entering a petroleum agreement with Moroccan state-owned Office National des Hydrocarbures et des Mines in the Tarfaya offshore shallow-water exploration permits I-XII. The 23,900-sq-km area is offshore Sidi Ifni, Tan Tan, and Tarfaya in as much as 1,000 m of water. Source: News

20 Dec 2017 13:54:50 EST – The latest stock information is now available for your stocks

XOM    Last 83.12  Change +0.68   % Change 0.82%   Volume 4,650,195   As of: 20 Dec 2017 13:54:50 EST   View: Stock Quote |  News   CVX    Last 121.03  Change +1.19   % Change 0.99%   Volume 2,071,821   As of: 20 Dec 2017 13:54:50 EST   View: Stock Quote |  News   COP    Last 53.91  Change +1.23   % […]

Novatek adds Osenniy license to Yamal-Nenets acreage

PAO Novatek has secured a 25-year exploration license for the Osenniy area in the Yamal-Nenets autonomous region for an estimated 1.4 billion rubles, Novatek said. The license contains an estimated 4.411 billion boe, according to the Russian resource classification. Source: News

Twinza starts gas, condensate flow from Pasca-4 well

Twinza Oil Ltd., Perth, has started flow of natural gas and condensate from its Pasca A-4 appraisal well in the Papau New Guinea Gulf of Papua. Pasca field, a carbonate pinnacle reef discovered by Phillips Petroleum in 1968, lies in permit PPL 328 in 93 m of water about 250 km west of Port Moresby. […]

Environmental groups sue to force BLM to implement methane rule

Seventeen environmental organizations have sued in US District Court for Northern California to compel the US Bureau of Land Management to implement its oil and gas 2016 methane venting and flaring rule. Their Dec. 19 action challenges BLM’s decision earlier in December to delay most of the regulation’s compliance deadlines until Jan. 29, 2019, while […]

20 Dec 2017 12:56:50 EST – The latest stock information is now available for your stocks

XOM    Last 82.825  Change +0.385   % Change 0.47%   Volume 3,784,874   As of: 20 Dec 2017 12:56:50 EST   View: Stock Quote |  News   CVX    Last 120.5301  Change +0.6901   % Change 0.58%   Volume 1,615,698   As of: 20 Dec 2017 12:56:50 EST   View: Stock Quote |  News   COP    Last 53.695  Change +1.015   % […]

Inter Pipeline plans Canada’s first integrated PDH-PP complex

Inter Pipeline Ltd., Calgary, has approved construction of Canada’s first integrated propane dehydrogenation (PDH) and polypropylene (PP) complex in Strathcona County, Alta., to convert locally sourced, low-cost propane into PP for sale mostly to the US.  Source: News

Repsol to revive production at North Sea Yme field

Repsol SA expects to recover 65 million bbl of oil stranded at currently shut-in Yme field in the Norwegian North Sea. The operator on Dec. 19 submitted a new plan for development and operation for the field that will use existing facilities installed during the last development phase in 2007. Source: News

ADES acquires three Nabors rigs

ADES International Holding Ltd. signed a purchase and sale agreement with Nabors Drilling International II Ltd., a subsidiary of Nabors Industries Ltd., to acquire three operating offshore jack up rigs currently contracted in the Persian Gulf. Source: News