OGJ (50)

Bell to lead Premier Oilfield Laboratories

Matt Bell has been tapped as chief executive officer of engineering and geological consulting firm Premier Oilfield Laboratories LLC. The move is effective Aug. 21.

Abendschein joins Venari Resources as COO

Bob Abendschein has been named chief operating officer of Venari Resources LLC, Dallas.

RI pension fund presses oil firms on lobbying outlays

Rhode Island’s treasury, which manages the state’s pension plan, petitioned ExxonMobil Corp., Chevron Corp., ConocoPhillips Co., and Devon Energy Corp. during the 2017 shareholder season to disclose information to shareholders on the companies’ lobbying efforts and financial outlays, ...

Downward trend continues for US drilling

The overall US rig count has declined for the third straight week and fifth time in 8 weeks, advancing what could be a partial reversal of a drilling rebound that lasted more than a year.

Virginia governor opposes leasing offshore state without revenue sharing

Virginia Gov. Terry McAuliffe said he opposes oil and gas leasing off the state’s coast under a new federal Outer Continental Shelf management program because it apparently would not include royalty and revenue sharing from any crude oil or natural gas produced there.

MARKET WATCH: Crude prices near another weekly decline

Brent crude oil prices climbed early on Aug. 18 while US light, sweet crude declined as both moved toward another weekly loss.

Johnson appointed chief executive of Hunting

Arthur James Johnson has been promoted to chief executive of Hunting PLC, London, succeeding Dennis Proctor, who is retiring.

Gas looks cleanest when people burn wood to stay warm

Something about the topic of climate change destroys appreciation for balance and scale.

API: US petroleum demand highest for July since 2007

Total US petroleum deliveries, a measure of US petroleum demand, moved up 4.9% in July from a year ago to average nearly 20.7 million b/d, the highest July deliveries in 10 years, according to data from the American Petroleum Institute.

IECA requests moratorium on US LNG exports to non-FTA countries

The Industrial Energy Consumers of America called for a moratorium on US exports of liquefied natural gas to countries not having a free trade agreement with the US.

Greece launches new tender

Greece’s Ministry of Environment and Energy has invited interested parties to submit bids within 90 days from the date of publication of its tender notice in the Official Journal of the European Union.

China, Philippines eye joint exploration

China and the Philippines are discussing joint exploration of an area off the island nation claimed by Beijing.

BOEM publishes draft EIS for Hilcorp’s project in Beaufort Sea

The US Bureau of Ocean Energy Management published a draft environmental impact statement for Hilcorp Alaska LLC’s proposed Liberty oil and gas project in the Beaufort Sea off Alaska’s North Slope. The Aug. 17 publication of the draft EIS opened a 90-day public comment period, which will ...

Rob Bishop, 119 other House members ask Zinke to expand OCS leasing

The US House Natural Resources Committee Chairman Rob Bishop and 119 other House members, all but one of whom are Republicans, asked Interior Sec. Ryan Zinke to increase US Outer Continental Shelf areas available for oil and gas leasing in the next 5-year management program. Rep. Gene Green from ...

HPCL, Rajasthan state form JV for proposed Barmer refining complex

Hindustan Petroleum Corp. Ltd. and the state government of Rajasthan have partnered to jointly develop HPCL’s previously announced plan to set up a refinery and petrochemical complex in Barmer district, Rajasthan.

Merger to combine companies in STACK play

Silver Run Acquisition Corp. II has agreed to merge with privately held Alta Mesa Holdings LP, Houston, and Kingfisher Midstream LLC, forming a company valued at $3.8 billion with operations in Oklahoma’s STACK play.

BP lets pre-FEED contract for Tortue field off Mauritania, Senegal

KBR Inc. will perform pre-front-end engineering design work over the next 6 months in support of BP PLC in the optimization stage of the Tortue field development.

US gas futures rise after EIA reports gas storage build

US natural gas futures rose on the New York market Aug. 17, halting a four-session losing streak despite a weekly government report showing a build in gas supplies in underground storage across the Lower 48.

MARKET WATCH: NYMEX crude settles below $47/bbl on rising US production

US light, sweet crude prices declined for a third consecutive day, settling below $47/bbl to a 3-week low on Aug. 16 after weekly US government data showed increased US oil production.

Deloitte sees pause in US gas-use growth

Recently rapid growth in US consumption of natural gas might ease soon, according to a new report from Deloitte.

Shell, Chevron headline subdued first regionwide US gulf lease sale

The first regionwide Gulf of Mexico lease sale under the US Bureau of Ocean Energy Management’s new Outer Continental Shelf program was predictably subdued, with supermajors Royal Dutch Shell PLC and Chevron Corp. leading in bidding activity and sum of high bids.

Woodside group’s Persephone gas field brought on stream

The Woodside Petroleum Ltd.-operated North West Shelf joint venture has begun production from the Persephone gas-condensate field in the Carnarvon basin off Western Australia.

Shell sheds 50% stake in SADAF chemicals JV

Royal Dutch Shell PLC has completed the sale of its 50% interest in the Saudi Petrochemical Co. joint venture to Saudi Basic Industries Corp. , its partner, for $820 million.

Trump signs executive order to streamline environmental reviews

US President Donald J. Trump signed an executive order aimed at streamlining federal environmental reviews for energy and other infrastructure projects on Aug. 15.

EIA: US crude inventory drops nearly 9 million bbl

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 8.9 million bbl for the week ended Aug. 11 compared with the previous week, the Energy Information Administration said in its weekly oil and products inventory report.

MARKET WATCH: NYMEX, Brent oil prices hold steady

US light sweet crude prices dropped only a few cents on Aug. 15, setting at $47.55/bbl while Brent crude prices also slipped a few cents to settle below $51/bbl for a second consecutive day.

DOE plans to announce new sales of crude from SPR later in August

The US Department of Energy expects to issue a notice of sale of crude oil from the Strategic Petroleum Reserve later in August, DOE’s Fossil Energy Office said on Aug. 15. The anticipated sale of 14 million bbl will fulfill requirements of Section 5010 of the 21st Century Cures Act and Section ...

New NAFTA talks may help Mexico lock in energy reforms, speaker says

North American Free Trade Agreement renegotiations, which are scheduled to begin on Aug. 16, could help Mexico solidify the substantial energy reforms it enacted following the original agreements adopted 23 years ago, a former Mexican Foreign Affairs Ministry official suggested.

Court rejects Sierra Club challenges of DOE’s Freeport LNG findings

A federal appeals court in Washington rejected the Sierra Club’s contention that US Department of Energy authorizations for the Freeport, Tex., liquefied natural gas project’s plans to export LNG inadequately considered environmental consequences. Oil and gas groups immediately welcomed ...

Rockhopper updates Al Jahraa drilling campaign

Rockhopper Exploration PLC’s Al Jahraa-9 well has encountered the deepest known oil shows in the Abu Roash-D and Abu Roash-E reservoirs in Al Jahraa oil field onshore Egypt in the company’s Abu Sennan drilling concession.

Oxy unit taps KBR for Abu Dhabi gas work

Occidental of Abu Dhabi Ltd. has let a contract to KBR Inc. for management of the front-end engineering and design services phase of Dalma gas field development and the surveys phase of the Hail and Ghasha Islands project in Abu Dhabi.

3Bear Energy plans Delaware basin gas plant, gathering system

3Bear Energy LLC, Denver, has entered into definitive agreements with an unidentified anchor shipper to develop, own, and operate a gathering and processing system for oil, gas, natural gas, and water production to serve Permian producers in the northern Delaware basin of Lea and Eddy Counties, NM.

RimRock buying Whiting Williston assets

RimRock Oil & Gas Williston LLC has agreed to buy properties in the Bakken-Three Forks play of the Williston basin from Whiting Petroleum Corp. for $500 million cash.

Transocean to buy Songa Offshore for $1.8 billion

Transocean Ltd. plans to buy Songa Offshore SE for $1.8 billion subject to certain conditions. Terms call for the transaction to be paid mostly in stock and convertible bonds.

Woodside to shut down Enfield oil field off Western Australia

Perth-based Woodside Petroleum Ltd. has begun the process of shutting down and decommissioning its Enfield oil field on the North West Shelf off Western Australia.

Contract let for West White Rose structure

Husky Energy Inc. has let a contract for construction of the West White Rose concrete gravity structure to a general partnership of SNC-Lavalin, Dragados Canada, and Pennecon Ltd.

MARKET WATCH: NYMEX crude oil prices drop more than $1/bbl

US light, sweet crude prices dropped more than $1/bbl on Aug. 14, setting below $47.60 while Brent crude oil prices also fell more than $1/bbl to settle below $51/bbl.

EIA: Major US onshore regions’ oil output to rise 117,000 b/d in September

Crude oil production from the seven major US onshore producing regions is forecast to increase 117,000 b/d month-over-month in September to 6.149 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report.

Calumet inks deal for sale of Wisconsin refinery, downstream assets

Husky Energy Inc., Calgary, has entered a deal with Calumet Lubricants Co. LP, a unit of Calumet Specialty Products Partners LP, Indianapolis, to buy subsidiary Calumet Superior LLC, which owns and operates 47,500-b/d refinery in Superior, Wis., refinery as well as other downstream assets in the ...

IOC begins importing US crude

Indian Oil Corp. Ltd. said its first cargo of US crude oil is expected to arrive in eastern India by Oct. 1.

Canada wants renegotiated NAFTA to reflect changes, official says

The Canadian government would like a renegotiated North American Free Trade Agreement to reflect technological, social, and other major changes that have occurred since NAFTA was first adopted 23 years ago without compromising Canadian oil and gas and other businesses’ ability to compete ...

Kuwait officials say oil spill controlled

The source of an oil spill off southern Kuwait remained undetermined Aug. 14 as officials said floating oil had been contained and clean-up was in progress.

ESAI 5-year oil outlook sees tenuous balance

In its recent Five-Year Outlook, ESAI Energy points out that the call on Organization of Petroleum Exporting Countries crude will remain under tremendous pressure over the next 5 years.

Uruguay to open third offshore bidding round

Uruguay is calling for bids on 17 areas in three offshore basins offered in the country’s Round 3. According to Uruguayan National Oil Co. and the Ministry of Industry, Energy, and Mining , bathymetries range from 50-4,000 m of water.

BPTT updates gas reserves in Columbus basin in Trinidad and Tobago

BP PLC’s Trinidad and Tobago operations have at least 12.578 tcf of 3P natural gas reserves in its Columbus basin, according to figures revealed in the Caribbean twin-island nation’s Natural Gas Master Plan .

BPTT: Juniper starts gas production offshore Trinidad and Tobago

BP PLC’s Trinidad and Tobago unit has reported the startup of its fifth major upstream project for 2017. BP Trinidad & Tobago’s Juniper development has begun production of natural gas offshore the twin-island Caribbean nation.

US operators to drill cautiously amid prolonged market volatility

Major US operators entered 2017 with increased capital budgets and plans to ramp up drilling in the Lower 48’s most promising regions, namely the Permian basin and Sooner Trend Anadarko basin Canadian and Kingfisher counties play.

MARKET WATCH: Oil prices end week with gain on IEA revisions

US light, sweet crude prices gained slightly on Aug. 11 but settled below $49/bbl and ended the week down 1.53%—the second consecutive weekly decline. At its highest point last week, the US benchmark briefly topped $50/bbl on Aug. 10 but settled well below that.

The UK car mandate: a new way to make an old energy mistake

With energy, there is no mistake so costly that some government, somewhere, won't repeat it.

Chevron posts $1.5 billion in second-quarter earnings, higher cash flow

Chevron Corp. reported second-quarter earnings of $1.5 billion compared with a loss of $1.5 billion in second-quarter 2016.