The Oklahoma Corporation Commission’s Oil & Gas Conservation Division (OGCD) asked operators of 27 oil and natural gas wastewater disposal wells to reduce disposal volumes following recent earthquakes in the Fairview area. Source: News
HollyFrontier lets contract for Cheyenne refinery
Cheyenne Refining LLC, a subsidiary of HollyFrontier Corp., Dallas, has let a contract to a division of Honeywell International Inc., Des Plaines, Ill., to provide technology for removing contaminants from industrial wastewater in order to meet stricter environmental discharge requirements at the 49,400-b/d (52,000-b/sd) Cheyenne, Wyo., refinery. Source: News
MARKET WATCH: Brent crude oil briefly dips below $30/bbl
Crude oil prices for February delivery waffled in Jan. 13 trading with the closing for US light, sweet crude up 4¢ at $30.48/bbl on the New York market. Brent crude oil prices for February briefly dipped to a low of $29.96/bbl but ended Jan. 13 trading at $30.31/bbl, down 55¢, in London. Source: News
Petrobras cleared to boost crude runs at Rnest
Petroleo Brasileiro SA (Petrobras) has received approval from state regulators to lift crude oil throughputs to levels nearing full design capacity at the first 115,000-b/d production train of its Abreu e Lima refinery (Rnest) at the port of Suape, near Recife, the capital of Brazil’s Pernambuco state. Source: News
Barclays: Global E&P budgets to see double-dip in 2016
In a survey of 225 companies for the annual Barclays E&P Spending Outlook, upstream oil and gas companies plan to reduce spending by 15% globally in 2016, following a 23% decline in 2015. This represents only the second time spending has fallen in consecutive years in the 31-year history of the survey. The first “double-dip” […]
Eni seeks partner for chemicals business
Eni SPA wants a partner for its petrochemical business, Versalis. In a meeting with government and trade union officials at the Ministry of Economic Development in Rome, Eni officials reported progress with a transformation plan for the chemical subsidiary, which has lost money in recent years. Source: News
Tullow updates upstream activity in Africa
Tullow Oil PLC reported that the Tweneboa-Enyenra-Ntomme (TEN) development project offshore Ghana is more than 80% complete and on track to begin production in July or August. Source: News
Petrobras cuts 2015-19 capex by $32 billion
Petroleo Brasileiro SA (Petrobras) is reducing its planned capital expenditures for 2015-19 by $32 billion from the previously reported amount to $98.4 billion. Source: News
Premier to acquire E.On’s interests off UK
Premier Oil PLC, London, has agreed to acquire the UK subsidiaries of E.On, Dusseldorf, in a transaction valued at $120 million plus working capital adjustments. Source: News
MARKET WATCH: NYMEX oil price touches below $30/bbl, settles higher
Light, sweet crude prices for February delivery dropped nearly $1 on the New York market Jan. 12 settling at $30.44/bbl after touching a low of $29.93/bbl for the trading session. The Brent contract for February delivery settled at $30.86/bbl on the London market Jan. 12, up from its session’s low of $30.34/bbl. Source: News