Devon Energy Sells $1 billion In Texas/Oklahoma Assets. Oklahoma-based E&P Devon Energy announced Monday that it is selling nearly $1 billion of its Texas and Oklahoma assets and that it is making progress on the sale of other assets, in accordance with its plan announced earlier this year to raise $2 billion to $3 billion from divestitures. [Oilpro]
Bakken Oil Train Derails, Erupts In Flames, While Passing Through Oregon. A Union Pacific train transporting highly flammable Bakken crude oil derailed and erupted in flames on Friday in Oregon’s Columbia River George. Authorities said on Sunday said the derailment and fire has damaged essential city services in Mosier, Oregon. [Oilpro, The Guardian]
Niger Delta Avengers Claim Benevolence- Target: Zero Output. A militant group waging war on oil installations in the Niger Delta said they can bring regional production down significantly without bloodshed. [UPI, Oilpro]
UK: O&G Firms “Plan More Cuts,” According To Report. More than four in 10 of the UK’s oil and gas firms plan to cut costs further in response to the downturn in the industry, according to survey evidence. The Bank of Scotland/Lloyds Banking Group report took industry opinion between last December and February. [BBC News]
Saudi Arabia Cuts Oil Prices in Europe as Iran Ramps Up Exports. Saudi Arabia on Sunday cut its oil prices to Europe, signaling mounting competition after OPEC failed to cap its output amid Iran’s exports ramp up. [Wall Street Journal, Oilpro]
Diamond Offshore Installs Blast Curtains On Drill Deck On “The Ocean Patriot”.Diamond Offshore has completed the installation of Xtegra blast curtains around the choke & kill, cement and mud manifolds of its drill deck its Ocean Patriot rig. [Oilpro]
Solstad Offshore Wins Glen Lyon FPSO Work. Solstad Offshore has won work with SBM Offshore and BP for the towing and installation of the Glen Lyon FPSO representing a firm commitment of 220 days plus options. [Splash 247, Oilpro]
As Iran’s Oil Exports Surge, International Tankers Help Ship Its Fuel. More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January. [Reuters]
Ireland Awards 11 Offshore Opportunities. Offshore Atlantic Margin Licensing Round has seen 11 companies snapping up opportunities the Emerald Isle. Ireland’s Minister of State for Natural Resources Seán Kyne announced the final awards under the second phase of the 2015 Atlantic Margin Licensing Round, bringing the total to 28. [Oilpro]
Shell Boss Talks Up Sydney LNG Import Terminal – Solution To Oz LNG Export Glut?Shell Australia chairman Andrew Smith says it may be time to build an LNG import terminal in Sydney as a way of dealing with a looming gas shortage in NSW and Victoria. [Yahoo News, Oilpro]
Meet Senior Energy Advisor, Mark Harrington, #HUMANSofOG. “Think for yourself,always ask why, reflect more, then make a decision,” he writes. [Oilpro]
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