Commissioner Wayne Christian was unanimously elected chairman of the Texas Railroad Commission. Source: News
Lancaster oil shipments start off the UK
Hurricane Energy PLC has sold the first cargo of crude oil from the early production system on Lancaster field in the West of Shetland area offshore the UK. Hurricane says Lancaster is the UK’s first producing basement field. Source: News
Anadarko sanctions Mozambique LNG project
Anadarko Petroleum has formally sanctioned its Mozambican LNG project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes/year. Feed gas comes from Golfinho-Atum field in Offshore Area 1 where Anadarko and its partners have discovered 75 tcf of recoverable […]
Leaseholders told to recalculate royalties under 2016 rule
A federal court’s March decision that vacated the US Office of Natural Resources Revenue’s repeal of its consolidated federal oil and gas and federal and Indian oil and gas effectively reinstated the 2016 requirements, ONRR advised federal leaseholders. Accordingly, the leaseholders should recalculate royalties under the 2016 rule for production since Jan. 1, 2017, it […]
PTTEP agrees to acquire Partex Holdings
PTT Exploration & Production Co. has signed an agreement to acquire 100% of Partex Holding from the Calouste Gulbenkian Foundation of Portugal for as much as $622 million. The deal, expected to close by yearend, will boost the Thai company’s net-interest production by 16,000 b/d of oil and reserves by 65 million boe of oil […]
ConocoPhillips to acquire Nuna discovery acreage
ConocoPhillips Alaska reported it will acquire 11 tracts covering 21,000 acres in the western Alaska North Slope, which includes the 2012 Nuna oil discovery, from Caelus Natural Resources Alaska. Nuna lies east of the Colville River and 5 miles southwest of Oooguruk oil field where, in January, Caelus agreed to sell a 70% interest to […]
Hyundai Chemical lets contracts for Daesan petchem complex
Hyundai Chemical, a joint venture of Hyundai Oilbank and Lotte Chemical, has let a contract to W.R. Grace & Co. to provide technology licensing for a grassroots polypropylene unit at its Daesan petrochemical complex under construction in Chungcheongnam-do Province, South Korea. Source: News
Roberts named Stakeholder Midstream COO
Josh J. Roberts has been promoted to chief operating officer of Stakeholder Midstream. Roberts is responsible for the management and oversight of Stakeholder’s engineering and operations functions. Since joining Stakeholder in 2015, Roberts has been responsible for the design and construction of the San Andres Crude Gathering System and the Campo Viejo Gas Gathering System. […]
Lime Rock to buy certain Oklahoma assets from BP
Lime Rock Resources has agreed to acquire from BP America Production certain oil and natural gas properties in Cleveland and McClain counties, Okla. The properties lie 50 miles east of Lime Rock’s existing Norge unit operations that it acquired in 2014. Source: News
ADNOC, OCI form fertilizer joint venture
Abu Dhabi National Oil Co. has entered a strategic partnership that will combine ADNOC Fertilizers into the Middle East and North Africa (MENA) nitrogen fertilizer business of OCI. The new joint venture “will become the largest export-focused nitrogen fertilizer platform globally and the largest producer in the MENA region,” ADNOC said. Source: News