COGCC issues interim guidelines as it develops new regulations

The Colorado Oil & Gas Conservation Commission issued interim guidelines for operators on Apr. 19 as it began to develop new regulations to comply with new restrictions the state legislature adopted and Gov. Jared Polis (D) signed into law. Source: News


Aramco to buyout Shell’s interest in Sasref refining joint venture

Saudi Aramco has reached a deal to acquire Royal Dutch Shell PLC’s share of the partners’ 50-50 joint venture Saudi Aramco Shell Refinery Co.(Sasref), which operates the 305,000-b/d refinery at Jubail, Saudi Arabia. Source: News


Hurricane spuds Warwick Deep well off UK

Hurricane Energy PLC has spudded the 205/26b-C well (Warwick Deep) in the Greater Warwick Area (GWA) west of the UK Shetland Islands. Source: News


JAPEX spuds wildcat off Hokkaido, Japan

Japan Exploration Co. Ltd. has spudded an exploratory well 50 km offshore the Hidaka area of Hokkaido, Japan. Source: News


ACG partners approve $6-billion platform

Partners in the Azeri-Chirag-Deepwater Gunashli (ACG) complex in the Caspian Sea offshore Azerbaijan have approved the investment of $6-billion in a new platform able to process as much as 100,000 b/d of oil. Source: News


MARKET WATCH: NYMEX crude for May settles at $64/bbl

Light sweet crude prices on the New York market gained to settle at $64/bbl on Apr. 18, marking the second time in 3 days that the benchmark has reached or broken above that level. Source: News


Port Arthur LNG moves closer to FID with FERC authorization

Port Arthur LNG LLC, a subsidiary of Sempra Energy, received FERC authorization to site, construct, and operate the Sempra-led Port Arthur LNG liquefaction-export facility under development in Jefferson County, Tex., moving the project closer to a final investment decision.    Source: News