Refining

Former Anadarko CEO back in the oil game

2 hours ago DieselGasoil Comments Off on Former Anadarko CEO back in the oil game
By David Wethe on 8/17/2017 HOUSTON (Bloomberg) — James Hackett, the former chief executive of Anadarko Petroleum Corp. who retired to attend Harvard Divinity School, is back to running an oil company. Silver Run Acquisition Corp. II, a so-called blank-check company started by Hackett this year, has agreed to acquire an oil explorer and a Read More

KBR awarded pre-FEED contracts for BP’s Tortue project

4 hours ago DieselGasoil Comments Off on KBR awarded pre-FEED contracts for BP’s Tortue project
8/17/2017 HOUSTON — KBR, Inc., has announced that it has been awarded pre-front end engineering design (FEED) and project support services contracts by BP for the development of the Tortue/Ahmeyim field offshore Mauritania and Senegal. Under KBR’s global services agreement with BP, KBR has won these new contracts to provide pre-FEED and project support covering Read More

Qatar's growth prospects dim as Saudi-led boycott takes its toll

4 hours ago DieselGasoil Comments Off on Qatar's growth prospects dim as Saudi-led boycott takes its toll
By Sarina Yoo and Mohammed Aly Sergie on 8/17/2017 NEW YORK (Bloomberg) — Qatar’s economy will expand this year at the slowest pace since 1995, according to economists surveyed by Bloomberg this month, as the impact of a Saudi Arabia-led boycott is felt on trade and investor confidence. Gross domestic product will grow 2.5% Read More

Victoria Oil and Gas provides update on Logbaba drilling operations in Cameroon

4 hours ago DieselGasoil Comments Off on Victoria Oil and Gas provides update on Logbaba drilling operations in Cameroon
8/17/2017 LONDON — As of Aug. 16, Well La-107 has been successfully drilled to its planned TD of the 6-in. hole section at 3,180 m MD (3,166 m TVD) where the base of the Logbaba formation was encountered. The 4½-in. liner has been run and cemented to case off the Lower Logbaba Formation. Production completion Read More

Maersk Drilling reports major contract wins for three rigs

5 hours ago DieselGasoil Comments Off on Maersk Drilling reports major contract wins for three rigs
8/17/2017 COPENHAGEN — Maersk Drilling has been awarded a contract by Shell for the deepwater semisubmersible rig Mærsk Developer. The contract covers the drilling and completion of three wells, and the suspension of one well, all located in Block E of the East Coast Marine Area (ECMA) offshore Trinidad. Commencing in January 2018, the firm Read More

Apache Corp. completes strategic exit from Canada

5 hours ago DieselGasoil Comments Off on Apache Corp. completes strategic exit from Canada
8/17/2017 HOUSTON — Apache Corporation has announced that it has completed the previously disclosed sale of its Apache Canada Ltd. subsidiary to Paramount Resources Ltd., which consists of properties located principally in the provinces of Alberta and British Columbia. Apache also completed the previously disclosed sale of its Provost assets in Alberta to an undisclosed Read More

Libya gets better at maintaining oil flow as industry stabilizes

6 hours ago DieselGasoil Comments Off on Libya gets better at maintaining oil flow as industry stabilizes
By Salma El Wardany on 8/17/2017 CAIRO (Bloomberg) — Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again. That’s because of the duration of the incidents. While in prior years protests could shutter fields for months and Read More

GOM lease sale yields $121 million in high bids on 508,096 acres

6 hours ago DieselGasoil Comments Off on GOM lease sale yields $121 million in high bids on 508,096 acres
8/17/2017 WASHINGTON — U.S. Secretary of the Interior Ryan Zinke has announced that the region-wide Gulf of Mexico lease sale generated $121,143,055 in high bids for 90 tracts covering 508,096 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the sale, submitting 99 bids totaling $137,006,181. The sale Read More

Worst may be behind for energy borrowers

6 hours ago DieselGasoil Comments Off on Worst may be behind for energy borrowers
By Janine Wolf on 8/17/2017 NEW YORK (Bloomberg) — Don’t expect too much bad news when banks complete their assessment in October of the amount of credit they will continue offering to distressed energy companies. About six to 12 E&P and oilfield-services firms may file for bankruptcy during the rest of the year, projects Read More

Gas tankers earning more taking scenic routes amid glut

7 hours ago DieselGasoil Comments Off on Gas tankers earning more taking scenic routes amid glut
By Anna Shiryaevskaya on 8/17/2017 LONDON (Bloomberg) — When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America instead of taking a shortcut through the expanded Panama Canal. Not only may the route be cheaper without canal transit fees, but Read More