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  • Noreco to buy Shell Denmark upstream unit for $1.9 billion October 17, 2018
    Norwegian Energy Co. ASA (Noreco) has acquired from Royal Dutch Shell PLC the company’s upstream interests in Denmark via its shares in Shell Olie-og Gasudvinding Danmark BV (SOGU) in a deal valued at $1.9 billion. SOGU, a wholly owned Shell subsidiary, holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC).
  • Crimson Midstream, MPLX launch open season for Swordfish line October 17, 2018
    Crimson Midstream and MPLX have launched a binding open season to assess interest and solicit commitments from prospective shippers for crude oil transportation service on the Swordfish Pipeline. The pipeline is being developed to connect existing terminal facilities in St. James, La., and Raceland, La., to the Louisiana Offshore Oil Port terminal facility in Clovelly, […]
  • Wintershall granted drilling permit in the Norwegian Sea October 17, 2018
    Wintershall Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 6706/6-2 S in the Norwegian Sea. The well will be drilled using Transocean Ltd.’s Transocean Spitsbergen ultradeepwater semisubmersible drilling rig about 7 km northwest of the 6706/6-1 (Hvitveis) natural gas discovery made in 2003.
  • EIA: US crude inventories increase 6.5 million bbl October 17, 2018
    US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.5 million bbl for the week ended Oct. 12, according to data from the US Energy Information Administration. At 416.4 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year, the report indicated.
  • MARKET WATCH: Oil price rally pauses given US stock market volatility October 17, 2018
    Light, sweet oil prices climbed to settle slightly higher on Oct. 16 but fell Oct. 17 in early trading on the New York market, which analysts attributed to broader US equity market jitters. Crude prices had climbed to multiyear highs recently on oil supply concerns worldwide.
  • Lukoil lets EPC contract for Kstovo coker October 17, 2018
    Lukoil NizhegorodNefteorgSyntez has let an engineering, procurement, and construction contract to McDermott International Inc. for a delayed coking unit at the 17 million-tonne/year refinery at Kstovo in Central Russia’s Nizhny Novgorod region. The 2.1 million-tpy coker will be part of a deep-conversion complex under construction at the refinery.
  • Tallgrass, Silver Creek expand combine to transport PRB production October 16, 2018
    Tallgrass Energy LP, Leawood, Kan., and Silver Creek Midstream LLC, Irving, Tex., will expand their Powder River basin joint venture to own the Iron Horse Pipeline, the Powder River Express Pipeline (PREP), and crude oil terminal facilities in Guernsey, Wyo. Tallgrass will operate Powder River Gateway LLC with 51%. Silver Creek will own 49%.
  • DrillCo plans fall through for Jones Energy October 16, 2018
    Jones Energy Inc., Austin, has scrapped plans to form a drilling joint venture in the Merge and Western Anadarko basins after a potential financing deal fell through.
  • Shell Australia, QGC to drill 250 gas wells in Queensland October 16, 2018
    A group led by Royal Dutch Shell PLC that includes Queensland Gas Co. (QGC) plans to drill 250 coal seam gas wells during 2019-20 as part of its program in the Western Downs region of Queensland. The wells will be connected to the existing QGC gas processing plants and produce about 930 petajoules of gas […]
  • Chances rise for Goddard gas development October 16, 2018
    Chances for development of the Goddard natural gas discovery in the UK North Sea have risen to 75% after third-party confirmation of the resource estimate, reports Independent Oil & Gas. ERC Equipoise estimated gross midpoint contingent resources at 108 bcf for the main Goddard structure and at 73 bcf for two adjacent structures directly east […]