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  • US pressure freezes 11th-phase work at South Pars gas field December 14, 2018
    From several directions, US pressure froze a crucial gas development off Iran in the last month of 2018.  
  • Use technology to address climate change, Oxy exec advises December 14, 2018
    More oil and gas producers should be ready to use technology to address climate change instead of denying the problem exists, Occidental Petroleum Corp. Pres. and Chief Executive Officer Vicki A. Hollub recommended on Dec. 14. “We’ve been doing enhanced oil recovery for decades. When carbon dioxide is used to produce oil, the net emissions […]
  • Baker Hughes: Canada sees another double-digit drop in rigs December 14, 2018
    Close on the heels of a 13-rig drop a week ago, Canada lost 12 rigs for the week ended Dec. 14, according to Baker Hughes data. With 174 rigs running, the count is below the 238 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 7, bringing the […]
  • Williams receives FERC approval for Gateway expansion December 14, 2018
    Williams Cos. Inc., Tulsa, has received a certificate of public convenience and necessity from the US Federal Energy Regulatory Commission authorizing the Gateway Expansion project—an expansion of the Transco natural gas pipeline to serve the US Northeast.
  • Western Gas signs MOU for Equus gas project off Western Australia December 14, 2018
    Privately held Western Gas Corp. Pty. Ltd., Perth, has signed a memorandum of understanding with international service companies McDermott and Baker Hughes to be exclusive development partners for the Equus gas project offshore northwest Western Australia.
  • Two blocks offered off Sable Island, NS December 14, 2018
    Two blocks nominated by the oil and gas industry are on offer off Sable Island in the northern Atlantic. The Canada-Nova Scotia Offshore Petroleum Board will accept bids through May 8, 2019, for exploration licenses covering 75,788-hectare Parcel 1 and 73,004-hectare Parcel 2, both in less than 100 m of water on the Scotian Shelf.
  • IPC closes BlackPearl Resources acquisition December 14, 2018
    International Petroleum Corp. (IPC), Vancouver, BC, has closed its $675-million (Can.) acquisition of BlackPearl Resources Inc., Calgary. BlackPearl Pres. and Chief Executive Officer John Festival becomes an IPC director.
  • PTTEP wins Bongkot, Erawan concessions December 14, 2018
    PTT Exploration & Production will remain operator of Bongkot natural gas field in the Gulf of Thailand and replace a Chevron Corp. subsidiary as operator of Erawan gas field in 2022. The state-owned company won bidding for new concessions covering both fields. The current Bongkot license will expire in 2023, and the Erawan license will […]
  • MARKET WATCH: Crude oil benchmark make gains on deficit concerns December 14, 2018
    Crude oil benchmark prices settled more than $1 higher Dec. 13 as signs point to an emerging global oil market deficit. News of a drop in US crude stocks was reported Dec. 12. The weekly Petroleum Status Report showed US oil production dropped 100,000 b/d to 11.6 million b/d for the week ended Dec. 7.
  • Inpex gains interest in Ichthys LNG project from Total December 13, 2018
    Inpex agreed to acquire an additional 4% interest in the Ichthys LNG project in Australia from Total SA for $1.6 billion, increasing the operator’s participating interest to 66.245% from 62.245%. The first offshore condensate cargo was exported on Oct. 1, the first LNG cargo was exported on Oct. 22, and the first LPG cargo was […]