Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan Inc., and EagleClaw Midstream Ventures LLC, a portfolio company of Blackstone Energy Partners, reached a final investment decision to proceed with the Permian Highway Pipeline (PHP) Project. Source: News
MARKET WATCH: NYMEX, Brent crude prices drop as tropical storm misses Louisiana
The light, sweet crude oil contract for October fell by more than $1/bbl on the New York market Sept. 5, which analysts attributed to Tropical Storm Gordon’s path through the Gulf of Mexico having little ill effect on the US oil and gas industry. Source: News
IHS Markit: Offshore drilling rigs to rise through 2020
Consistently higher oil prices and greater cost–efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to recent analysis from IHS Markit. Source: News
Petronas lets contract for Melaka refining complex
Petronas, through a contractor, has let a contract to ABB Ltd., Zurich, to modify existing and install new electrical systems and an electrical network monitoring and control system at Petronas’ two-trained 270,000-b/d refinery complex in Sungai Udang, Melaka state, Malaysia, in the southern region of the Malay Peninsula. Source: News
Alberta refinery ramping up for bitumen feed
North West Redwater Partnership (NWRP) is completing commissioning activities at the first 80,000-b/d phase of its proposed three-phased greenfield bitumen refinery in Sturgeon County, about 45 km northeast of Edmonton, Alta. Source: News
Enterprise to add tenth NGL fractionator at Mont Belvieu
Enterprise Products Partners LP has started construction of an NGL fractionator adjacent to its existing complex in Mont Belvieu, Tex. The new unit—which will become EPP’s tenth fractionator in the Mont Belvieu area—will have a nameplate capacity of 150,000 b/d, raising EPP’s overall fractionation capability at Mont Belvieu to 905,000 b/d, the operator said. Source: […]
Equinor fast tracks Visund Nord IOR
Equinor started production from an improved oil recovery project in Visund Nord field in the Norwegian North Sea, adding an anticipated 13.3 million bbl at a development cost of 1.3 billion kroner. The additional production is 6% more than originally estimated. Source: News
Talos Energy acquires Whistler Energy II
Talos Energy Inc., Houston, has entered into and completed a transaction to acquire Whistler Energy II LLC. The bolt-on acquisition includes production facilities with unused capacity and new seismic data to be used in a field study to potentially identify additional drilling locations on the producing asset. Source: News
Hanna to serve as interim president, CEO of Rosehill Resources
Gary C. Hanna, chairman of Rosehill Resources Inc., Houston, also will serve as interim president and chief executive officer of the company and its sole subsidiary, Rosehill Operating Co. LLC, until the search for another president and chief executive officer is complete. Source: News
NextDecade, McDermott extend Rio Grande LNG EPC bid process
Privately held NextDecade Corp. and McDermott International Inc. have agreed not to execute an engineering, procurement, and construction contract for NextDecade’s 27 million-tonne/year Rio Grande LNG plant at the Port of Brownsville in South Texas. Source: News