Tidewater Midstream & Infrastructure has let a contract to the Canadian subsidiary of WorleyParsons to build a sour gas processing plant near Grande Prairie, Alta. As part of the contract, WorleyParsonsCord will provide fabrication and construction services for Tidewater’s 100-MMcfd Pipestone sour, deep-cut gas plant with acid gas injection, which also will have the capability […]
HollyFrontier agrees to acquire Sonneborn
A unit of independent refiner HollyFrontier Corp., Dallas, has signed a definitive agreement to buy Sonneborn US Holdings Inc. and Sonneborn Cooperatief UA for $655 million, including working capital estimated at $72 million. Source: News
ADNOC awards Eni 25% of Ghasha Concession
Abu Dhabi National Oil Co. and the government of Abu Dhabi have awarded Eni a 25% stake in the Ghasha Concession, covering development of offshore Hail, Ghasha, and Dalma sour gas fields. The Arab basin fields are expected to produce more than 1.5 bcfd of gas and 120,000 b/d of oil and condensate when on stream […]
MARKET WATCH: NYMEX settles below $60/bbl, while Brent nears $70/bbl
Crude oil benchmarks dropped on markets in New York and London Nov. 12, which analysts attributed in part to comments by US President Donald Trump urging Saudi Arabia and the Organization of Petroleum Exporting Countries against cutting oil production. Source: News
Eni sells Mubadala 20% of block off Egypt
Eni SPA has agreed to sell a 20% participating interest in the Nour North Sinai Offshore Concession in Egypt to Mubadala Petroleum, Abu Dhabi. Eni’s interest before the transaction is 85%. State-owned Tharwa Petroleum Co. holds the other 15% of the contractor’s share, where Eni and Tharwa are collectively the contractor in participation with Egyptian […]
Eni, Cadogan exiting Ukraine shale gas group
Eni SPA is withdrawing its controlling interest from a group that holds five shale gas licenses in Ukraine, reports partner Cadogan Petroleum. Cadogan said Eni will pay it $1.715 million for a commitment not to exercise preemptive rights to the Italian company’s transfer of a 50.01% of Westgasinvest to state-owned Nadra Ukrayny, holder of 34.99% […]
BLM to offer 2.85 million acres in NPR-A
The US Bureau of Land Management will offer tracts totaling some 2.85 million acres within the National Petroleum Reserve-Alaska at a Dec. 12 lease sale in Anchorage, the US Department of the Interior agency’s Alaska State Office announced. Source: News
Jambaran-Tiung Biru drilling due next year
Drilling will start in next year’s second half at the Jambaran-Tiung Biru natural gas project in Bojonegoro Regency, East Java, Indonesia. Jamsaton Nababan, president director of Pertamina EP Cepu, the operator, said at a press briefing that drilling of two of six planned wells will begin in July, according to the Jakarta Post. Source: News
BP, Hess complete Aspy exploration well drilling
The BP Canada-operated Aspy exploration well, drilled 330 km offshore Nova Scotia, did not encounter commercial quantities of hydrocarbons, partner Hess Corp. reported. The Aspy D-11 was spud in April and drilled to a total depth of 7,400 m. Source: News
OMV, Sapura Energy enter partnership
OMV AG subsidiary OMV Exploration & Production GMBH will pay $540 million for a 50% state in a newly formed joint venture company, SEB Upstream Snd. Bhd., under an agreement entered with Sapura Energy Bhd. Source: News