Chevron Australia has let a subsea installation contract to TechnipFMC for the second development phase within the Gorgon area offshore western Australia in 25001,340 m of water. The development phase aims to upgrade the project’s existing subsea facilities to ensure production is maintained for future gas supply. Source: News

Philip LeJeune has been named chief executive officer and president of LLOG Exploration Co., Covington, La., in one of several promotions at the privately held company. LeJeune, who has worked 21 years at LLOG, had been chief financial officer and treasurer. Source: News

Oneok Inc., Tulsa, has acquired the remaining 20% interest in the West Texas LPG Pipeline LP from Martin Midstream Partners LP for $195 million. Oneok will become the sole owner of the natural gas liquids pipeline system. Oneok completed the acquisition of its initial 80% interest in West Texas LPG in December 2014. Source: News

ExxonMobil Chemical Co. has started up its 1.5 million-tonne/year ethane steam cracker at the company’s integrated chemical and refining complex in Baytown, Tex. Entered into operation on July 26, the new cracker will provide ethylene feedstock for two 650,000-tpy high-performance polyethylene lines that began production in fall 2017 at the company’s plastics plant in Mont Belvieu, […]

Light, sweet crude oil prices settled above $69/bbl on the New York market July 25 after a weekly US government report showed an unexpectedly steep decline in US crude oil inventories. Meanwhile, record US oil production held steady with the previous week. Source: News