OMV AG has agreed to sell its wholly owned subsidiary OMV Tunisia Upstream GMBH to a subsidiary of Panoro Energy ASA, London, for $65 million, subject to adjustments. OMV Tunisia Upstream holds 49% interests in the Cercina-Cercina Sud, El Ain-Gremda, El Hajeb-Guebiba, and Rhemoura concessions in Tunisia and half of the shares in Thyna Petroleum […]
Serica to further lift Keith, Bruce stakes
Serica Energy has entered agreements to further increase its interests in Bruce and Keith natural gas and condensate fields in the UK North Sea. The company also said it has satisfied conditions of a license from the US Office of Foreign Assets Control allowing operations to continue at nearby Rhum field despite a 50% interest […]
Magellan, Navigator launch open season for Voyager crude oil pipeline
Magellan Midstream Partners LP and Navigator Energy Services have launched an open season to assess customer interest to transport various grades of light crude oil and condensate from Cushing, Okla., to Houston. Source: News
Enterprise to further expand fractionation capacity in Texas, Louisiana
Enterprise Products Partners is launching a series of projects to expand fractionation capacity by 55,000 b/d at its existing operations in Texas and Louisiana. As part of the initiative, EPP plans to optimize its Shoup fractionator in Nueces County, Tex., by expanding and repurposing a portion of the partnership’s South Texas pipeline system, including construction […]
Green named president of Chevron North America E&P
Steven W. Green has been named president of Chevron North America Exploration & Production, effective Mar. 1, 2019. Green succeeds Jeff Shellebarger who is retiring from Chevron after 38 years of service. Source: News
Petrotrin proceeds as planned with refinery closure
Trinidad and Tobago’s state-owned Petrotrin is progressing with its previously announced plan to end refining operations at the company’s 165,000-b/d Pointe-a-Pierre refinery. Operations are continuing to wind down at the facility, with operations as of Nov. 1 shifting seamlessly away from refining crude to importing refined fuels and exporting existing crude reserves, Petrotrin said. Source: News
MARKET WATCH: Brent crude oil up, NYMEX oil futures down
Brent crude oil prices gained modestly on the London market Nov. 5 to settle above $73/bbl while light, sweet crude oil prices dropped slightly in New York to settle above $63/bbl. US crude futures have held in the $63/bbl range for three consecutive trading sessions. Source: News
DOI: Fiscal 2018 payments to states, tribes rose 26% from 2017
The US Department of the Interior’s Office of Natural Resources Revenue distributed $8.93 billion in revenue and royalties from energy produced on federal managed public and Indian tribal land to states, tribes and three special funds, 26% more than the $7.11 billon it distributed in fiscal 2017, Interior Sec. Ryan Zinke said. Source: News
Sonatrach confirms contract for LPG train
State-owned Sonatrach has let a contract to a subsidiary of Maire Tecnimont SPA to provide engineering, procurement, and construction services for implementation of a fourth LPG processing train inside Sonatrach’s existing ZCINA gas processing complex in central Algeria’s Hassi Messaoud area. Source: News
Gas supply still limited despite completed Enbridge pipeline repair
Enbridge has restored partial service to customers of its BC Pipeline following the Oct. 9 rupture of a natural gas transmission pipeline 13½ km north of Prince George, BC, but supply is still limited, and retail customers are being asked to continue to conserve throughout the winter, said British Colombia electric power and gas distribution […]