BP PLC has appointed Lamar McKay to the new position of deputy group chief executive as part of the company’s reorganization that will follow the May 1 retirement of Katrina Landis, executive vice-president of corporate business activities. Source: News
BPTT to invest $1.5 billion in Trinidad and Tobago this year
BP Trinidad & Tobago (BPTT) has reported that it will invest $1.5 billion in Trinidad and Tobago this year in spite of falling oil prices and declining revenue, BPTT Pres. Norman Christie said. Source: News
CNOOC begins production from two more Beibu Gulf fields
CNOOC Ltd. has started oil production from the Weizhou 12-2 joint development project and Weizhou 11-4 North Phase II project in the Beibu Gulf basin of the South China Sea. Source: News
Chevron’s Wheatstone project faces 6-month delay
Chevron Australia has confirmed a major delay of 6 months to the start-up of its 8.9 million-tonne/year Wheatstone LNG project in Western Australia. Source: News
Statoil enters offshore Uruguay, plans drilling in first half
Statoil Uruguay BV has agreed to acquire 15% working interest in exploration Block 14 offshore Uruguay from Total E&P Uruguay BV. Source: News
Where Congress fits in 2016
Despite its being an election year, Congress still is an important part of Washington oil and gas associations’ 2016 federal strategies. But those efforts will need to reflect changes in US Senate and House dynamics in 2015 and earlier, association officials told OGJ. Source: News
With ethanol case spent, fans resort to dragon-slaying
With arguments crumbling for governmental support of ethanol, politicians have joined lobbyists to slay the “big-oil” dragon. Source: News
Near-term pipeline construction strong
Planned pipeline construction to be completed in 2016 increased 64% from the year prior, with expected products, crude, and natural gas project completions all climbing even as future planned mileage slipped in all three categories, most markedly crude and products. Source: News
Guide to world crudes: Statoil publishes assay for Grane Blend
The company developed Grane oil field in the North Sea using an integrated accommodation, processing, and drilling platform with fixed steel-frame construction resting on the seabed. The platform sits on Block 25/11, about 185 km west of Haugesund, Norway, in water 127 m deep. Source: News
Shell inks deal to sell Malaysian refinery
Royal Dutch Shell PLC has entered into a conditional agreement to sell its majority interest in Shell Refining Co. (FOM) Bhd. (SRC), including the 125,000-b/d refinery in Port Dickson, Malaysia, to Malaysia Hengyuan International Ltd. (MHIL), a subsidiary of China’s Shandong Hengyuan Petrochemical Co. Ltd. (SHP), Shandong. Source: News