PJSC Gazprom Neft reported performing an 18-stage hydraulic fracturing operation in Russia’s Yuzhno-Priobskoye field. Well depth was about 4 km, with the horizontal section extending 920 m. Source: News
Fick named managing director of Gazprom EP International
Andrey Fick has been appointed managing director of Gazprom EP International BV, responsible for exploration and development outside of Russia. Most recently, he served as director general for Gazprom Russkaya. Source: News
PRL commissions study for upgrade of Karachi refinery
Pakistan Refinery Ltd. (PRL) has let a contract to Amec Foster Wheeler (AFW) to conduct a detailed feasibility study for the upgrade and expansion of its 47,110-b/d hydroskimming refinery along the coastal belt of Karachi, Pakistan. Source: News
MARKET WATCH: Oil prices surge on reports of Apr. 17 producers meeting
Oil prices surged Mar. 16 on New York and London markets after reports that leading oil producers might be willing to freeze production at January levels even if Iran refuses to join the proposed pact. Source: News
House panel votes to move pipeline safety bill to full committee
A US House Energy and Commerce Committee subcommittee unanimously approved pipeline safety legislation on Mar. 16 and sent the measure to the full committee for consideration. Source: News
Aramco, Shell to divide Motiva JV’s refining assets
Saudi Aramco and Royal Dutch Shell PLC have entered a preliminary agreement to separate assets of Motiva Enterprises LLC, the Houston-based refining and marketing joint venture equally owned and operated by the companies since 2002 (OGJ Online, Feb. 13, 2002). Source: News
Study: Canada’s Liard basin among world’s largest shale gas resources
The Liard basin in northwest Canada is expected to contain 219 tcf of marketable, unconventional gas, according to a study from five Canadian entities. Source: News
UK budget eases oil and gas taxation
The UK government proposes to ease taxation of the oil and gas industry in its 2016 budget disclosed on Mar. 16. Source: News
Honeywell UOP details contract let for SOCAR refinery revamp
Honeywell UOP LLC, a subsidiary of Honeywell International Inc., has released additional details of its earlier contract award from State Oil Co. of Azerbaijan Republic (SOCAR) to provide technology and licensing for installations to be built as part of the company’s ongoing modernization and expansion program at the Heydar Aliyev refinery at Baku in Azerbaijan. […]
OMV schedules 2-month turnaround for Austrian refinery
Austria’s OMV AG will shut down about half of its 203,892-b/d integrated refinery and petrochemical complex in Schwechat, Austria, beginning in April for 2 months of routine turnaround activities. Source: News