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  • Lukoil lets contracts for Kstovo refinery’s delayed coking complex July 23, 2018
    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 signs PSCs for blocks offshore Mauritania July 23, 2018
    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 raises resource estimate for offshore Guyana July 23, 2018
    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.
  • MARKET WATCH: Oil prices rise on Trump tweet about Iran July 23, 2018
    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.
  • Ochiai, Fujita, Suzuki get new Inpex titles July 23, 2018
    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.
  • Second court setback to extremism will help climate agenda July 20, 2018
    Mitigation of climate change advanced another step on July 19 with the second setback in less than a month to legal abuse of complex controversy.  
  • Byco commissions Pakistan’s largest isom plant July 20, 2018
    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.
  • Quadrant group finds oil with Dorado wildcat July 20, 2018
    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.
  • Northern Territory government releases fracing implementation plan July 20, 2018
    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.
  • Baker Hughes: US rig count down 8 units to 1,046 July 20, 2018
    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.