AWE Ltd., Sydney, has signed an agreement to sell its 42.5% interest in the undeveloped Lengo natural gas project offshore Indonesia to HyOil Pte. Ltd. for as much as $26.5 million (Aus.). Lengo lies in the Bulu production-sharing contract offshore east Java. Source: News
Production resumes from Jubilee field offshore Ghana
Oil production from the Tullow Oil PLC-operated Jubilee field offshore Ghana resumed on May 3 and is ramping up. Source: News
Kosmos finds more gas offshore Senegal
Kosmos Energy Ltd. encountered 31 m of net natural gas pay in its Teranga-1 well in the Cayar Offshore Profond block about 65 km northwest of Dakar, Senegal. Source: News
EagleClaw commissions West Texas gas plant
EagleClaw Midstream Ventures LLC, a subsidiary of EagleClaw Midstream Services LLC, has commissioned its Toyah I natural gas processing plant in Reeves County, Tex. Source: News
Aramco chairman elevated to Saudi energy minister
Saudi Arabia has appointed Khalid al-Falih, chairman of state-owned Saudi Aramco, to head its new Ministry of Energy, Industry, and Mineral Resources. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices up modestly on Canada’s fires
Light, sweet crude prices settled at $44.66/bbl on the New York market on May 6, up modestly, as analysts monitored wildfires in Canada’s oil sands region and also noted statistics showing strong Chinese crude oil imports. Source: News
OTC: Higher productivity 'best insurance' for meeting future energy demand, BP exec says
BP PLC has had to make some “very tough choices” and let some “very good people” go in Houston and elsewhere amid an environment that has changed “quite dramatically for all of us” over the last few years, a company executive told attendees May 2 at an opening session of the Offshore Technology Conference in […]
Watching Government: The methane muddle
It looks like a relatively simple problem at first. A substance leaking into the atmosphere is a fuel that operators can sell, seeming to give them every incentive to try and capture it. But methane management has become so political in the US over the last year that it has become a muddle. Source: […]
Gas supply security
About 3 weeks ago, the International Energy Agency hosted a workshop on natural gas supply security at its headquarters in Paris. The purpose of the event was to respond to an agreement at the IEA ministerial meeting in November 2015 to adopt tackling gas supply security as a new mandate for the agency. Source: […]
Energy and the GDP
New economic data underscore one of many perils embedded in the political campaign to constrict development of oil and gas resources in the US. As coincident drops in oil prices and equity values showed earlier this year, wealth generated by hydrocarbon production is crucial to economic growth Source: News