Lukoil subsidary Lukoil-Nizhegorodnefteorgsintez has let two contracts to Maire Tecnimont subsidiary KT-Kinetics Technology to deliver five processing units for a deep conversion complex to be built at its 17 million-tonne/year Kstovo refinery in central Russia’s Nizhny Novgorod region.
Shell Exploration & Production Mauritania will begin exploration as operator with 90% interest of two blocks offshore Mauritania following government approval of production-sharing contracts signed with that country’s government, marking the company’s entry into the West African Atlantic Margin.
ExxonMobil Corp. has increased its estimate of the discovered recoverable resources for the Stabroek block offshore Guyana to more than 4 billion boe. The new estimate, up from 3.2 billion boe, supports a third phase of development and the consideration of two additional phases, the company said.
The light, sweet crude oil contract for August delivery gained $1 to settle above $70/bbl on the New York futures market July 20 while Brent crude oil prices gained modestly to hold around $73/bbl. Oil prices continued gaining in July 23 trading on news of a clash between US and Iranian leaders.
Koji Ochiai has been named general manager, Exploration & Production Unit, Eurasia & Middle East Project Division, at Inpex Corp., Tokyo. He was manager, Global Exploration Group 1, Global Exploration Unit, New Ventures Division.
Byco Petroleum Pakistan subsidiary Byco Isomerisation Pakistan (Private) has completed startup of Pakistan’s largest isomerization unit at its plant at Mauza Kund, Sub Tehsil Gadani, District Lasbella, Baluchistan.
The Perth-based joint venture of Quadrant Energy Ltd. and Carnarvon Petroleum Ltd. has made an oil discovery with its Dorado-1 wildcat well in permit WA-437-P in the Bedout subbasin off northwest Western Australia.
The Northern Territory government has announced its plan to implement the recently released recommendations of the independent scientific inquiry into the unconventional practice of hydraulic fracturing.
The US drilling rig count reached 1,046 units working for the week ended July 20, down 8 rigs from a week ago, according to Baker Hughes data. The count is up 96 units from this time a year ago when the count stood at 950.
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