Chariot Oil & Gas Ltd., London, said the Ocean Rig Poseidon deepwater drillship was expected to arrive by Sept. 30 at the Prospect S well site offshore Namibia with spudding planned shortly after the vessel’s arrival. Drilling is expected to take 40 days in 1,650 m of water. Source: News
Key Petroleum acquires Mount Horner oil field from AWE
Key Petroleum has reported completion of its acquisition from AWE (now a wholly owned subsidiary of Mitsui & Co. Ltd.) of production license L7 (R1) in the onshore North Perth basin of Western Australia. The permit contains Mount Horner oil field, which Key now intends to rehabilitate. Source: News
MARKET WATCH: NYMEX crude climbs back above $72/bbl on Perry remarks
Light, sweet crude oil prices bounded back above $72/bbl on the New York market Sept. 27 after US Energy Sec. Rick Perry said there are no plans to release oil from the US Strategic Petroleum Reserve. The US November crude contract settled below $72/bbl on Sept. 26 after two previous consecutive settlements above that level. […]
IOG completes SNS FEED, Thames pipeline testing
Independent Oil & Gas PLC (IOG) has completed front-end engineering and design of its Southern North Sea (SNS) natural gas project and integrity testing of its Thames pipeline, which it will recommission to bring SNS gas to shore at Bacton terminal. IOG is completing preparation for its final investment decision on SNS, having substantially completed […]
New Zealand starts to focus on what climate piety costs
As its prime minister preaches to the world, New Zealand begins grappling with the costs of climate piety. Source: News
AltaGas, Black Swan partner on Montney gas processing
AltaGas Ltd. has entered into a $230-million (Can.) definitive agreement with Black Swan Energy Ltd. to acquire 50% interest in Black Swan’s existing and future Aitken Creek natural gas processing operations in the Montney area of northeastern British Columbia. Both companies are headquartered in Calgary. Source: News
Survey: Industry optimism for improved credit, shift in challenges faced
A forward-looking view of the financial state of the US energy market, a survey by Haynes & Boone LLP captured optimism by and for the oil and gas industry as participants forecast an increase in available credit and plans predicated on capacity constraints rather than commodity price volatility. Source: News
Cadogan spuds first of two Ukraine wells
Cadogan Petroleum has spudded the first of two wells in plans before yearend to satisfy commitments on Carpathian basin exploration licenses in western Ukraine. Drilling is under way in the shallow Vovche-2 well on the Bitlyanska license, which the company describes as “high-risk high-reward.” Cadogan holds a 99.8% working interest in the 390-sq-km license. Source: […]
Oneok plans NGL, gas system expansions
Oneok Inc., Tulsa, is planning a series of capacity expansions across its US NGL fractionation, pipeline, and gas processing operations. In addition to adding a 125,000-b/d NGL fractionator (MB-5) and related systems in Mont Belvieu, Tex., the company will build the 200-MMcfd Demicks Lake II natural gas processing plant and related systems in the Williston […]
Dell’Osso appointed Parsley Energy chief operating officer
David Dell’Osso will become executive vice-president and chief operating officer of Parsley Energy Inc., Austin, effective Oct. 9. He will succeed Matt Gallagher, who will remain president until appointment as president and chief executive officer, which is expected to occur on Jan. 1, 2019. Source: News