Apache Corp. announced a temporary deferral of Alpine High natural gas production in the Permian basin, citing what it calls “extremely low prices” at the Waha hub in West Texas. The deferrals account for 250 MMcfd of gross gas production. Source: News
CNOOC lets North Sea platform contract extension to KCA Deutag
CNOOC Petroleum Europe Ltd. has let a contract extension to KCA Deutag for the Scott platform in the UK North Sea. Source: News
MARKET WATCH: NYMEX crude oil for June, July settles above $66/bbl
Light, sweet crude oil for both June and July contracts rose to settle above $66/bbl on the New York market Apr. 23 while Brent for June delivery rose to settle above $74/bbl for a second day on the London market. Source: News
Cogent to construct pipeline connecting Midland basin processing complex to GCX line
Cogent Midstream LLC, Dallas, will construct a 25-mile, 20-in. pipeline to deliver 400 MMcfd of residue gas from its Big Lake natural gas processing complex in Reagan County, Tex. to Kinder Morgan’s Gulf Coast Express Pipeline. Source: News
Chevron lets contract for Alba Northern, Captain platforms in North Sea
Chevron North Sea Ltd. has let a contract to Archer (UK) Ltd. for platform drilling services in the UK sector of the North Sea. Source: News
Murphy to acquire deepwater, oil-weighted Gulf of Mexico assets from LLOG
Murphy Oil Corp. has agreed to acquire from LLOG Exploration Offshore LLC and LLOG Bluewater Holdings LLC assets in 26 Gulf of Mexico blocks containing seven producing fields and four development projects with future start-ups in the Mississippi Canyon and Green Canyon areas for $1.375 billion cash. Source: News
MARKET WATCH: Crude benchmarks jump on US refusal to extend sanctions waivers
Crude oil benchmarks jumped on London and New York markets on Apr. 22 after US President Donald Trump’s administration announced no extensions will be granted to waivers on US sanctions against Iranian oil purchases. Source: News
Wasserman Schultz bill would ban oil and gas leasing off Florida
US Rep. Debbie Wasserman Schultz (D-Fla.) introduced legislation which would close the US Outer Continental Shelf off Florida to oil and gas leasing and development. Source: News
OMV Petrom commissions new unit at Petrobrazi refinery
OMV Petrom SA, Bucharest, has started up a new unit that converts LPG components into Euro 5-quality gasoline and middle distillates at its 90,400-b/d Petrobrazi refinery in the southeast region of Romania, near Ploiesti City. Source: News
Northern Oil and Gas to buy Williston basin assets from VEN Bakken
Northern Oil and Gas Inc., Minneapolis, has agreed to acquire from VEN Bakken LLC the company’s Williston basin assets for $165 million in cash, a $130 million 6% 3-year senior unsecured note due 2022, and some 5.6 million shares of Northern common stock. Source: News