Croatia’s INA Industrija Nafte DD has approved a more-than $617-million plan to modernize its 90,000-b/d Rijeka refinery along the northern part of the Adriatic Sea as part of an organizational strategy to boost performance and competitiveness of its Croatian refining business. Source: News
Watching Government: Offshore oil, gas foes’ bills
US House Democrats wasted little time before seven of them introduced bills on Jan. 8 aimed at keeping oil and gas exploration from expanding off their coastal states’ shores. The federal measures came as state legislators in Connecticut, Georgia, Hawaii, Maine, Massachusetts, New Hampshire, New York, Oregon, and Rhode Island announced a coordinated effort to […]
IEA revises downward non-OPEC supply growth forecast
In its latest monthly oil market report, the International Energy Agency has revised its 2019 non-OPEC supply growth forecast down by 415,000 b/d to 1.5 million b/d, partly due to expected cuts from Russia and to lower growth in Canada. Source: News
Are they serious?
Will Democrats now controlling the US House of Representatives act seriously about climate change or remain stuck in high-minded futility? They promise to make action on climate change a priority for the new session of Congress, during which a presidential election will be held. Source: News
Eyes on the pipe
The US government shut down at midnight, Dec. 22, 2018. What didn’t shut down with it was US politics. If anything, the shutdown has turned up the heat on an already boiling pot of partisan mistrust and posturing. This is no less the case in energy policy than anywhere else. Source: News
Eni wins Sharjah blocks, expands elsewhere
Eni SPA has been awarded the three blocks offered in Sharjah’s first international competitive exploration licensing round while expanding further in the Middle East with deals in Oman and Bahrain. Eni will operate 437-sq-km Concession Area A and 1,184-sq-km Concession Area C with 75% participating interests. Sharjah National Oil Corp. will hold the remaining interests. […]
LLOG Exploration reports deepwater gulf discovery
LLOG Exploration Co. LLC, Covington, La., reported the drilling of a successful discovery on its Nearly Headless Nick exploratory prospect on Mississippi Canyon Block 387 in the deepwater Gulf of Mexico. Source: News
ADNOC awards two offshore exploration blocks to Eni, PTTEP consortium
Abu Dhabi National Oil Co. has awarded two offshore blocks to a consortium led by Eni and PTT Exploration & Production following a competitive bid round. The two blocks in the northwest of Abu Dhabi—Offshore 1 and Offshore 2—are the first to be awarded among the geographical areas that were offered for commercial bidding by […]
Ivory Coast secures loan to support refinery revamp
Societe Ivoirienne de Raffinage has secured a €577-million debt financing to enable modernization work on its 76,300-b/d refinery in Vridi district of Abidjan, Ivory Coast. The purpose of the long-term debt financing funding is to repay historical obligations on crude supply, provide a long-tenured facility, and reduce the interest rate of SIR’s stock of debt, […]
Phillips 66, partners to develop ACE Pipeline system
Phillips 66 Partners, Harvest Midstream Co., and PBF Logistics LP plan to jointly develop the ACE Pipeline system to provide crude oil transportation service from the market hub in St. James, La., to downstream refining destinations in Belle Chasse, Meraux, and Chalmette, La., and have launched an open season for transportation service. Source: News