Saudi Aramco, through a contractor, has let a contract to EthosEnergy Group Ltd. affiliate Shanahan Engineering Ltd., Dublin, to provide commissioning services for the integrated gasification combined-cycle (IGCC) power block project adjacent to the 400,000-b/d Jazan refinery and associated marine terminal project at Jazan Economic City, in the southwest of Saudi Arabia, along the Red […]
Peru lifts force majeure from oil exploration block
PXP Energy Corp. said the force majeure has been lifted from Peru’s Block Z-38 following recent changes in that country’s hydrocarbon law. The offshore block is in the Tumbes basin. The disclosure came in a PXP statement that cited a corporate update from Karoon Gas Australia Ltd., Melbourne, which has operations in Australia, Brazil, and […]
Ecuador offers PSCs to attract oil, gas exploration
Ecuador’s ongoing Intracampos Licensing Round was designed to attract international investors based upon a switch from service contracts to production-sharing contracts (PSC). The licensing round involves eight onshore exploration blocks in the oil-prone Oriente basin. Source: News
API, AFPM leaders ask Trump not to let EPA extend RVP waiver to E15
The presidents of the American Petroleum Institute and American Fuel & Petrochemical Manufacturers expressed their concerns to US President Donald Trump about the Environmental Protection Agency possibly extending the 1 lb Reid Vapor Pressure (RVP) waiver to motor fuel with 15% ethanol. Source: News
Trump applauds European efforts to diversify sources of energy
US President Donald Trump applauded European nations’ efforts to diversify their sources of energy during his Sept. 25 address to the United Nations. “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation. That is why we congratulate European states, such as Poland, for leading the construction of a Baltic […]
ADNOC lets contract for gas development expansion Phase 2
ADNOC LNG, a subsidiary of Abu Dhabi National Oil Co., has let a contract for the engineering, procurement, and construction of the second phase of its Integrated Gas Development Expansion (IGD-E) project to a consortium of Spain’s Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Co. Source: News
Chevron, PTTEP make Bongkot, Erawan bids
Chevron Corp. and PTT Exploration & Production submitted the only bids for the expiring licenses of Bongkot and Erawan natural gas and condensate fields in the Gulf of Thailand, according to press reports. Source: News
EIA: US crude inventories increase 1.9 million bbl
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 1.9 million bbl for the week ended Sept. 21, according to data from the US Energy Information Administration. At 396 million bbl, US crude oil inventories are about 2% below the 5-year average for this time of year, the report indicated. Source: News
Qatar Petroleum adds fourth train to LNG expansion
Qatar Petroleum (QP) is adding a fourth liquefaction train to the LNG expansion project it announced in 2017. When the expansion is complete, Qatar’s LNG production capacity will be 110 million tonnes/year, a roughly 43% increase from the current 77 million tpy. Source: News
BOEM proposes area-wide Gulf of Mexico lease sale
The US Bureau of Ocean Energy Management plans to offer 78 million acres in the Gulf of Mexico in a region-wide oil and gas lease sale, Deputy US Interior Sec. David Barnhart and BOEM Acting Director Walter D. Cruickshank jointly announced. The sale will include all available unleased areas there, they said on Sept. 25. […]