Canada’s National Energy Board says a decade-long shift away from conventional natural gas resources toward tight gas production has been led by large midsized producers. Source: News
EPA: Higher reported GHG totals from oil, gas in 2014 came from more sites
Petroleum and natural gas systems remained the second-largest greenhouse gas emitting group as the US Environmental Protection Agency released its 2014 summary of reported emissions on Oct. 6. But it quickly became hard to determine how much of the nearly 3.5% increase in the group’s total emissions increase from 2013 was because the number of […]
Medco buys Lundin’s Indonesian business
PT Medco Energi Internasional TBK, Jakarta, has agreed to acquire Lundin Petroleum AB’s Indonesian oil and gas assets for aggregate cash consideration of $22 million. The deal is effective Oct. 1. Source: News
Statoil lets two more platform jacket contracts for Johan Sverdrup
Statoil ASA let contracts for platform jackets for the Johan Sverdrup development offshore Norway to Kvaerner Verdal and Dragados Offshore SA. Source: News
Delek unit to buy 20% of Ithaca Energy
A subsidiary of Delek Group, Tel Aviv, has signed an agreement to acquire new shares representing 19.9% of Ithaca Energy Inc., Aberdeen, for $66 million. Source: News
QP lets wellhead jacket contract for Bul Hanine redevelopment
Qatar Petroleum (QP) has let a contract to McDermott International Inc. to engineer, procure, construct, and install four wellhead jackets for the redevelopment of Bul Hanine oil field offshore Qatar. Source: News
MARKET WATCH: NYMEX oil prices touching $50/bbl on Syria concerns
Light, sweet crude oil prices for November delivery gained more than $1/bbl to close at $49.43/bbl on the New York market Oct. 8 after having briefly touched a trading session high of $50.07/bbl. Meanwhile, the Brent crude oil contract for November delivery closed above $53/bbl. Source: News
UAE oil-output capacity plans on schedule
The United Arab Emirates remains on schedule to boost crude oil production capacity to 3.5 million b/d by 2017 from 2.7 million b/d at present, according to the federation’s energy minister. Source: News
HollyFrontier lets contract for unit at Navajo refinery
Navajo Refining Co. LLC, a subsidiary of HollyFrontier Corp., Dallas, has let a fixed-price contract to KP Engineering LP (KPE), Tyler, Tex., to deliver detailed engineering, procurement, and construction (EPC) services for a gasoline hydrotreater to be built at the 100,000-b/d Navajo refinery at Artesia, NM. Source: News
Northern Tier wraps maintenance, restarts unit at Minnesota refinery
Northern Tier Energy LP has concluded previously announced unplanned maintenance work on a crude unit at its 97,800-b/sd refinery at St. Paul Park, Minn. Source: News