The international rig count for October was 1,017, up 13 from the 1,004 counted in September and up 66 from the 951 counted a year ago, according to Baker Hughes data. The international offshore rig count for October was 207, up 3 from the 204 counted in September and up 3 from the 204 counted […]
Imperial to develop Aspen SA-SAGD project
Imperial Oil Ltd. expects production to begin in 2020 from its Aspen oil sands development 45 km northeast of Fort McMurray, Alta., where it will use thermal recovery with water consumption and greenhouse-gas emissions as much as 25% lower than those of standard steam-assisted methods. Source: News
Power-supply contract let for Nigeria’s Port Harcourt refinery
Nigerian National Petroleum Corp. subsidiary Port Harcourt Refining Co. Ltd. has secured support for uninterrupted power supply to its Port Harcourt refining complex—which includes a 60,000-b/sd hydroskimming refinery and 150,000-b/sd full-conversion refinery—in Rivers State, Nigeria. Source: News
Balmer to join Callon Petroleum as chief operating officer
Jeffrey S. Balmer will join Callon Petroleum Co., Natchez, Miss., this month and succeed Gary A. Newberry as senior vice-president and chief operating officer, effective Dec. 10. Newberry will retire from the company in January. Source: News
Colorado voters defeat proposition to increase well setbacks
Colorado voters on Nov. 6 defeated Proposition 112, which would have increased oil and gas well setbacks from homes and businesses. The proposition would have required most new oil and gas wells be at least 2,500 ft from homes and other occupied buildings statewide except for federal land in Colorado. Source: News
MARKET WATCH: Crude oil prices fall on growing US supply forecasts
Crude oil benchmarks fell in Nov. 6 trading on markets in New York and London, which analysts attributed to traders and investors acknowledging upside supply risks given that US oil production has been rising and is expected to continue doing so. The American Petroleum Institute on Nov. 6 reported US oil supplies rose 7.8 million […]
W&T Offshore makes executive management changes
David M. Bump and William J. Williford will assume the duties of Thomas P. Murphy, who has departed his role as senior vice-president and chief operations officer of W&T Offshore Inc., Houston. Source: News
Lukoil, Eni to share three Mexican blocks
Lukoil and Eni have agreed to become partners in three shallow-water production-sharing blocks in Mexico through farmouts. Lukoil will transfer a 40% stake in Block 12 to Eni, retaining 60% and remaining operator. Source: News
LyondellBasell advances construction on La Porte HDPE plant
LyondellBasell Industries is progressing with construction of the previously announced grassroots high-density polyethylene plant now under way at its petrochemical complex in La Porte, Tex. As of Nov. 5, key pieces of equipment, including a multizone circulating reactor, extruder, and gas-phase reactor have all been installed at the new Hyperzone polyethylene plant, LyondellBasell said. Source: News
Ethylene furnaces delivered for Zhejiang Petrochemical complex
Wison Engineering Services Co. has completed delivery of all nine ethylene-cracking furnaces to be installed as part of the naphtha cracking unit at the first phase of Zhejiang Petrochemical Co.’s 800,000-b/d integrated refining and petrochemical complex currently under construction in Zhoushan, Zhejiang Province, China. Source: News