Archive for the ‘General Interest’ Category
The international rig count for May reached 1,126, up 64 units from 1,062 in April and up 159 units from 967 in May 2018, according to Baker Hughes data. The international offshore rig count for May was 240, down 11 units from 251 in April and up …
CNOOC subsidiary due 10% interest in Arctic LNG 2
June 7th, 2019 by Latest News
CNOOC Ltd. and its subsidiary CEPR Ltd. have signed an agreement with Novatek and Ekropromstroy LLC, a wholly-owned subsidiary of JSC Novatek, to acquire a 10% equity interest in Arctic LNG 2 LLC.
PGNiG to buy Total’s King Lear interest
June 7th, 2019 by Latest News
PGNiG Upstream Norway said it will acquire Total E&P Norge’s 22.2% interest in King Lear gas and condensate field under development in the Ekofisk area of the Norwegian North Sea.
Nigerian regulator revokes six licenses
June 7th, 2019 by Latest News
Nigeria’s Department of Petroleum Resources has revoked five oil mining leases and one oil prospecting license. It cited “noncompliance with statutory regulatory obligations” and said it was acting under a “presidential directive on recovery of legacy …
MARKET: NYMEX oil prices rise nearly $1/bbl
June 7th, 2019 by Latest News
Light, sweet oil for July gained 91¢ on the New York market June 6 to settle at $52.59/bbl while the Brent contract for August climbed by $1.04 to settle at $61.67/bbl in London, which analysts attributed to progress in US-Mexico talks about border se…
MARKET: NYMEX oil prices rise nearly $1/bbl
June 7th, 2019 by Latest News
Light, sweet oil for July gained 91¢ on the New York market June 6 to settle at $52.59/bbl while the Brent contract for August climbed by $1.04 to settle at $61.67/bbl in London, which analysts attributed to progress in US-Mexico talks about border se…
New Jersey’s Department of Environmental Protection rejected three land use permit applications for Transcontinental Gas Pipeline Co.’s (Transco) proposed interstate natural gas pipeline across the state on June 5. It also kept the door open for the Wi…
Iacono named interim CEO of CruzSur Energy
June 6th, 2019 by Latest News
Serafino Iacono has been named interim chief executive officer of CruzSur Energy Corp., Vancouver, BC, after the resignations of several top company executives.
Daches named interim Lilis Energy CEO
June 6th, 2019 by Latest News
Joe Daches, president and chief financial officer of Lilis Energy Inc., Houston, has been named interim chief executive officer following announcement of the retirement of Chairman and CEO Ron Ormand.
Gazprom, Shell forming Russian venture
June 6th, 2019 by Latest News
Gazprom Neft and Royal Dutch Shell PLC have agreed to form a joint venture for development of oil and gas fields in the Yamalo-Nenets Autonomous Okrug of northwestern Russia.