Oil & Gas Journal Archive
- Barclays: Global recovery of upstream spending remains intact
- WoodMac: Upstream companies shift to ‘thrive’ in 2018
- World Bank to stop upstream oil and gas financing after 2019
- MARKET WATCH: Brent, NYMEX crude prices drop
- Cenovus budgets for more cost, payroll cuts
- EIA STEO: Global liquids supply to rise 2.1 million b/d in 2018
- Atlantic Coast Pipeline gets Virginia water permit, but with delay
- OPEC production fell in November from October
- MARKET WATCH: Crude prices drop after brief rally on Forties news
- US House bills introduced aimed at easing LNG exports
- PSA: Eni Norge can restore Goliat production
- BKV to buy more Marcellus shale assets
- Eclipse buying Pennsylvania interests
- Fire shutters unit at IOC’s Paradip refinery
- MARKET WATCH: Brent crude settles above $64/bbl on Forties fracture
AWE Ltd., Sydney, has received a rival bid to the second China Energy Reserve & Chemicals Group (CERCG) offer that was lodged on Dec. 8. The new entrant in what is becoming a bidding war for AWE is Perth-based mining and mining services group Mineral Resources Ltd. (MinRes), the company which earlier this year acquired fellow Perth firm Empire Oil & Gas NL.
Ultra Petroleum Corp. has produced 1.1 bcf of natural gas equivalent in 30 days from its Warbonnet 9-23-A-1H well, which the operator successfully completed in late October on the East Flank of Wyoming’s Pinedale anticline.
Light, sweet crude oil gained on Dec. 12, settling just under $58/bbl on the New York market while Brent crude oil jumped more than a $1 for a second consecutive day to settle well above $64/bbl.
Indian Oil Corp. Ltd. (IOC) is investigating the cause of a fire that broke out on Dec. 12 in a major processing unit of its 15 million-tonne/year full-conversion refinery at Paradip in India’s state of Odisha on the country’s northeastern coast.