Royal Dutch Shell PLC has renewed a contract with Wood Group PLC, Aberdeen, to provide industrial services to the company’s gas processing assets in Scotland. Source: News
Petrobras hits 301-m oil column with sixth Libra well
Petroleo Brasileiro SA (Petrobras) reported that the 3-BRSA-1322-RJS well encountered a 301-m oil column in the northwestern portion of its Libra block, confirming similar reservoir characteristics and oil quality found in other wells in the area. Source: News
Cyprus opens third offshore licensing round
Cyprus has opened its third offshore licensing round, offering three blocks south of the island nation under production-sharing terms. Source: News
Schlumberger-Cameron merger gets Chinese antitrust nod
The Chinese Ministry of Commerce has cleared the proposed merger of Schlumberger Ltd. and Cameron International Corp. without any conditions. Source: News
ONGC approves $5-billion offshore development plan
The board of India’s Oil & Natural Gas Corp. Ltd. approved a $5-billion offshore oil and natural gas development plan for the Krishna-Godavari basin off the country’s east coast. Source: News
Court rejects part of Leviathan framework
Plans to develop giant Leviathan natural gas field offshore Israel suffered another setback on Mar. 27 when the High Court of Justice rejected part of a regulatory framework supported by Prime Minister Benjamin Netanyahu. Source: News
MEGlobal plans MEG plant at Dow’s Oyster Creek complex
Dubai-based MEGlobal International FZE, a subsidiary of Kuwait’s first international petrochemical joint venture Equate Petrochemical Co., said it will build its first US monoethylene glycol (MEG) manufacturing plant at Dow Chemical Co.’s Oyster Creek petrochemical complex in Freeport, Tex. Source: News
MARKET WATCH: NYMEX, Brent oil prices dropped before Easter
Light, sweet crude oil prices for May delivery fell for a third consecutive session to settle Mar. 24 at $39.46/bbl on the New York market while Brent crude oil also fell on the London market the same day to settle at $40.44/bbl. Source: News
A rescue of Houston by Washington, DC? It's not unthinkable
Sometimes it pays to think the unthinkable. Think about the rescue of Houston, TX, by Washington, DC. Source: News
Watching Government: A nagging Atlantic OCS question
Serious questions remained after the US Department of the Interior canceled a Mid-Atlantic lease sale during the forthcoming 2017-22 US Outer Continental Shelf oil and gas program on Mar. 15. The biggest may be whether it’s dragging its feet on finding out what’s actually out there. Source: News