Novatek said the Yamal LNG joint venture completed its first ship-to-ship transfer of LNG near the Norwegian port of Honningsvag in a maneuver that lowers transport costs for deliveries from the liquefaction plant at Sabetta in the Russian Arctic. Source: News
BP starts up Clair Ridge production
BP reported first oil production from the Clair Ridge project 75 km west of the Shetland Islands. Source: News
Chevron starts production from Big Foot in Gulf of Mexico
Chevron Corp. has started crude oil and natural gas production from the deepwater Big Foot project in the Gulf of Mexico. Source: News
MARKET WATCH: NYMEX crude settles below $51/bbl, Brent below $59/bbl
Oil prices on Friday, Nov. 23, reached low levels not seen since October 2017 as waivers on Iran sanctions and rising production from Saudi Arabia and Russia support a surplus scenario. Source: News
Santos cleared to acquire Quadrant in $2.15-billion deal
Santos Ltd., Adelaide, has been cleared by the Australian Competition and Consumer Commission (ACCC) for its proposed acquisition of Quadrant Energy Ltd., Perth. Source: News
Ichthys production elevates Australia to top LNG exporter
Japanese Prime Minister Shinzo Abe has officially opened the Inpex group’s $40-billion Ichthys LNG project at a ceremony in Darwin, a symbolic milestone that also propels Australia to the top of the list of the world’s LNG exporters, according to Adelaide-based energy economics group EnergyQuest. Source: News
A fresh approach?
Democrats promising to act promptly on climate change when they take majority control of the US House next January will show just as quickly how serious they are about the issue. Indications so far are not encouraging. Source: News
A turbulent market
In a bustling area of Houston sits a building in which OGJ staffers work diligently to inform. Across the freeway, a helipad atop another building lies just above this editor’s eye level. Source: News
APICORP: Growth phase possible for Libyan oil production
Libya’s yo-yoing oil industry soon will enter a fourth post-revolution phase promising growth in oil production and related support for an essential condition: stability. Source: News
Renewable fuel reform discussion draft unveiled
Two Republican members of the US House Energy and Commerce Committee released a legislative discussion draft on Nov. 21 aimed at reforming quotas under the federal Renewable Fuel Standard by establishing a national octane specification beginning in 2023. Source: News