Archive for the ‘Oil & Gas Journal’ Category
Joint Louisiana Austin chalk work planned
June 12th, 2019 by Latest News
Prime Rock Resources, a portfolio company of Lime Rock Partners, and privately held New Dawn Energy have agreed to jointly develop properties contributed by both companies in the Cretaceous Austin chalk play of Louisiana.
MARKET: NYMEX crude oil prices edge up
June 12th, 2019 by Latest News
Crude oil prices gained slightly to hold fairly flat on markets in New York and London June 11. Analysts note that prices are down 20% from April based on concerns about slowing oil demand coupled with rising US production.
Shell to shed Martinez refinery
June 12th, 2019 by Latest News
PBF Energy subsidiary PBF Holding Co. has entered an agreement with Royal Dutch Shell to purchase Shell subsidiary Equilon Enterprises’s (dba Shell Oil Products US) 157,000-b/d dual-coking refinery and integrated logistics assets at Martinez, Calif., f…
Canadian oil sands production growth is slowing, yet total production is expected to reach nearly 4 million b/d by 2030—nearly 1 million b/d more than current levels—according to a 10-year production forecast by IHS Markit.
Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook. In this month’s STEO, EIA reports expecting Brent to remain a…
Culzean field starts production off UK
June 11th, 2019 by Latest News
Production has begun from Culzean gas condensate field in the Central Graben area of the UK North Sea. Development by Total SA and partners involved the drilling of six wells and construction of three bridge-linked platforms and a floating storage and …
Natural gas supplies from Gazprom to Hungary from Jan. 1 through June 5 totaled 4.3 billion cu m, a 57.5% increase vs. the same period last year. In addition to the contracted amounts, Hungary bought from Gazprom another 2 billion cu m of gas, which wi…
Shell’s Prelude ships first LNG cargo
June 11th, 2019 by Latest News
Shell Australia’s Prelude floating LNG project, 475 km offshore Broome, Western Australia, has shipped its first LNG cargo, loading the 173,400-cu m Valencia Knutsen for delivery to Asia. Prelude came on stream in January and shipped its first condensa…
IEA: UK makes major progress reducing emissions
June 11th, 2019 by Latest News
The UK has made major progress in reducing emissions, according to the International Energy Agency’s latest country review. “The United Kingdom has shown real results in terms of boosting investment in renewables, reducing emissions, and maintaining en…
Eni enters waste-conversion partnership
June 11th, 2019 by Latest News
Eni SPA has signed a partnership agreement with NextChem, Maire Tecnimont’s green chemistry subsidiary, to become codeveloper of technology to produce hydrogen and methanol from solid urban waste and nonrecyclable plastic.