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PennEast gas pipeline gets FERC approval

Mon, 01/22/2018 - 16:56

PennEast Pipeline has received US Federal Energy Regulatory Commission construction approval 3 years after filing with agency. The roughly 120-mile natural gas pipeline begins in the Marcellus Shale near Dallas, Pa., and connects with Williams Co.’s Transco Pipeline near Pennington, NJ. 

Energy Hunter appoints Jessup as vice-president of land

Mon, 01/22/2018 - 13:24

Energy Hunter Resources Inc., Irving, Tex., has appointed Gregory L. Jessup as vice-president of land.

BOEM, NMFS discuss ways to improve G&G permitting

Mon, 01/22/2018 - 13:04

Leaders and staff members from the US Bureau of Ocean Energy Management and the National Marine Fisheries Service have been discussing ways to streamline offshore oil and gas geologic and geophysical (G&G) permit application reviews for the last 6 months, BOEM Acting Director Walter D. Cruickshank told a House Natural Resources subcommittee.

LNG export bills attract support, opposition at US House hearing

Mon, 01/22/2018 - 12:08

Two bills aimed at facilitating US LNG exports drew equally strong support and opposition along party lines at a Jan. 19 House Energy and Commerce subcommittee hearing. 

Callon Petroleum lets water-supply contract in Permian basin

Mon, 01/22/2018 - 11:17

Callon Petroleum, Natchez, MS, has let an exclusive, multiyear contract to Gravity Oilfield Services Inc., Midland, Tex., to provide fresh water to Callon’s operations in the Southern Delaware and Midland basins in the Permian basin.

Kuwait’s Al-Zour integrated refining complex progressing as planned

Mon, 01/22/2018 - 10:54

Kuwait Petroleum Corp.’s newly formed subsidiary Kuwait Integrated Petroleum Industries Co. said it remains on schedule to complete its grassroots 615,000-b/d Al-Zour integrated refining complex under construction in southern Kuwait by yearend 2019. 

MARKET WATCH: NYMEX falls after IEA’s US oil output forecast

Mon, 01/22/2018 - 08:23

Light, sweet oil prices fell on Jan. 19 to settle at $63.37/bbl, its lowest closing since Jan. 9. The price drop came after the International Energy Agency forecast 2018 US crude production will be higher than production from Saudi Arabia.

Climate target gives way in German effort to form government

Mon, 01/22/2018 - 02:26
Climate sanctimony yields to economics as Germany's political leaders struggle to form a government.

Lukoil approves Nizhny Novgorod delayed coking complex

Mon, 01/22/2018 - 02:24
PJSC Lukoil has reached final investment decision to add a delayed coking complex at subsidiary LLC Lukoil-Nizhegorodnefteorgsintez's 17 million-tonne/year Kstovo refinery in central Russia's Nizhny Novgorod region.

HPCL lets contract for major crude unit at Visakh refinery

Mon, 01/22/2018 - 02:23
Hindustan Petroleum Corp. Ltd. (HPCL) has let a contract to Larsen & Toubro Ltd. subsidiary L&T Hydrocarbon Engineering Ltd. (LTHE) to provide engineering, procurement, construction, and commissioning (EPCC) for major processing units to be added as part of HPCL's previously announced program to expand and modernize its 8.3 million-tonne/year Vishakhapatnam (Visakh) refinery in Andhra Pradesh on India's southeastern coast (OGJ Online, Mar. 21, 2017).

HPCL, Rajasthan state plan groundbreaking for Barmer integrated complex

Mon, 01/22/2018 - 02:22
HPCL Rajasthan Refinery Ltd. (HRRL), a 74-26% joint venture of Hindustan Petroleum Corp. Ltd. (HPCL) and the state government of Rajasthan, will kick off construction activities in mid-January on the JV's previously announced project to set up a 9 million-tonne/year integrated refinery and petrochemical complex at Pachpadra Tehsil, Barmer District, Rajasthan (OGJ Online, Apr. 18, 2017).

Nigeria's Edo state due refinery

Mon, 01/22/2018 - 02:20
The government of Nigeria's Edo state has signed a memorandum of understanding with a consortium of Chinese and African companies to build what could become the state's first refinery.

EIA STEO: Oil output forecast to reach highest average in US history in 2018

Mon, 01/22/2018 - 02:18
Total US crude oil production is expected to average 10.3 million b/d in 2018, up 1 million b/d from 2017. If achieved, forecast 2018 production would be the highest annual average recorded in US history, passing the 1970 record of 9.6 million b/d, according to the US Energy Information Administration's latest Short-Term Energy Outlook. US crude oil production is forecast to rise to an average of 10.8 million b/d in 2019.

Panel: Oil-price stability expected to aid deal-making in 2018

Mon, 01/22/2018 - 02:12
Relative price stability bodes well for oil and gas deal-making in 2018 and the Permian basin is expected to continue as the lead target for merger and acquisition activity.

House Resources Democrats question BLM's fracing rule withdrawal

Mon, 01/22/2018 - 02:11
Two leading Democrats on the US House Natural Resources Committee questioned the US Bureau of Land Management's Dec. 29, 2017, rescission of its 2015 hydraulic fracturing regulation because the agency's justification varied dramatically from one it reached in 2012 when it explained why the rule was needed.

US House committee passes bill aimed at streamlining offshore permitting

Mon, 01/22/2018 - 02:08
The US House Natural Resources Committee approved a measure that aims to streamline offshore oil and gas producers' applications for incidental harassment authorizations not directly related to exploration and production. H.R. 3133 passed by voice vote on Jan. 10 after two amendments proposed by Democrats on the committee were defeated.

Seeking harmony

Mon, 01/22/2018 - 02:02
US approaches to oil and gas, on the one hand, and diplomacy, on the other, have reversed course but continue to swing in opposite directions. This is regrettable.

Lean machines

Mon, 01/22/2018 - 01:58
The business of efficiency is a big one, and it's getting (ironically) bigger. Efficiency and analytics departments are popping up right and left throughout oil and gas operating companies-so much so, in fact, that the word efficiency itself is quickly taking on that rather distasteful sheen previously ascribed by discriminating readers to the word optimization.