A Harris Poll survey commissioned by the American Petroleum Institute found that a majority of US voters are concerned about the Trump administration’s plans to permit the year-round sale of gasoline with a 15% ethanol blend, API said on Oct. 29. The study was conducted by telephone of 1,001 registered voters across the country on […]
Faroe granted drilling permit in Norwegian Sea
Faroe Petroleum Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 31/7-3 S in production license 740 in the Norwegian Sea. The well will be drilled about 10 km south of Brage field using Transocean Ltd.’s Transocean Arctic semisubmersible drilling rig after it concludes drilling wildcat well 30/6-30 for Faroe […]
TechnipFMC details contract for Midor refinery expansion
TechnipFMC PLC has confirmed details of its scope of work on an earlier awarded let by the Egyptian government for implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt. Source: News
Fox to become ConocoPhillips chief operating officer
Matt Fox will become executive vice-president and COO of ConocoPhillips following the retirement of Al Hirshberg as executive vice-president, production, drilling, and projects, on Jan. 1, 2019. Fox currently serves as executive vice-president, strategy, exploration, and technology. Source: News
MARKET WATCH: NYMEX drops under $67/bbl, Brent under $76/bbl
Brent crude oil for December delivery fell more than $1 to settle under $76/bbl on the London market on Oct. 30 while light, sweet crude oil prices for December delivery fell modestly to settle under $67/bbl in New York. Source: News
Operators let rig contracts, extensions to Rowan
Fieldwood Energy LLC has let a 1-year contract to Rowan Cos. PLC for use of its Rowan Reliance, an R-Class ultradeepwater drillship, in the US Gulf of Mexico. The contract, which includes three 90-day options, is expected to begin in first-quarter 2019. Rowan Reliance is currently warm-stacked offshore Louisiana in the gulf. Source: News
Chesapeake improves oil mix with $4-billion WildHorse acquisition
Chesapeake Energy Corp., Oklahoma City, has agreed to acquire WildHorse Resource Development Corp. in a $4-billion deal, including net debt of $930 million. Complimenting Chesapeake’s existing high margin Eagle Ford and Powder River basin positions, the deal adds 420,000 high margin net acres, 80-85% of which are undeveloped, in the Eagle Ford shale and Austin […]
Applegath joins HHEX as chief operating officer
John Applegath has joined Huntley & Huntley Energy Exploration LLC (HHEX), Canonsburg, Pa., as senior vice-president and chief operating officer, responsible for HHEX’s operational and technical activities. Source: News
S&P: Colorado Prop 112 a credit negative for oil firms
Proposition 112 on the Colorado state ballot seeks to extend well setbacks from surrounding structures to a distance that would render 85% of the state unusable for oil and gas drilling, S&P Global Ratings said. Prop 112 is a voter initiative that would require most new oil and gas development in Colorado to be at […]
TPAO reported ready to drill offshore well
Turkish Petroleum AO (TPAO) is preparing to spud a long-planned well off Turkey’s southern coast, according to press reports. The Daily Sabah newspaper of Turkey said the Fatih drillship will drill the Alanya-1 well in deep water offshore the city of Antalya. Source: News