Oil Prices Edge Up Amidst Doubts. Oil prices saw a bump Wednesday morning but gains have been kept in check by continued worries over the likelihood of a production curb by oil producers. [Reuters]
Will ExxonMobil Face Fines For Climate Change Controversy? While Exxon continues denying charges it allegedly mislead the public on climate change, speculation still grows over the situation and where things might end up. [Bloomberg]
Offshore Leasing Goes Digital In U.S. Leaders in the U.S. House of Representatives passed a measure moving offshore oil and gas leasing to the internet. [UPI]
World's Biggest Crude Buyers Make Cuts The Giants Won't. The top five ASian buyers forecast to cut more than 8 percent by 2017, while action from OPEC remain uncertain.[Bloomberg]
Iranian President Wants To Make Up For Lost Time. While the Iranian president supports OPEC's efforts to stabilize the oil market, he nonetheless believes it's imperative for the nation to restore production lost during years of sanctions.[Bloomberg]
Carnival To Deploy LNG-Powered Cruise Ship. Carnival Corporation says its new ships built for its cruise line will be the first LNG-powered cruise ship based in North America.[Travel Pulse]
Work Halted On Portion of North Dakota Pipeline. The controversial Dakota Access pipeline will have work paused on some, but not all, parts of North Dakota.
Russia Considers LNG Supplies To Bahrain. Officials in both countries agreed to expand cooperation in LNG supplies, calling it an agreement of "mutual interest."
Azerbaijan Interested in Pakistan's LNG Tender. Azerbaijan joins the list of companies interested in one of two international tenders for LNG. [Trend News]
Apache Has High Hopes For New Oil Discovery In Texas. Energy company says firm overlooked Alpine High area which could hold billions of barrels of oil. [The Wall Street Journal]
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Saudi Arabia, Russia Agree On Oil Market Cooperation. "Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut."[Reuters]
Saudi Aramco Aiming To Buy Lyondel Houston Refinery. Sources say that Saudi Aramco and its U.S. refining joint venture are in the lead to purchase Lyondell's Houston refinery, which produces feedstocks for its chemical plants. [Reuters]
Enbridge To Buy Spectra. Houston-based Spectra will be the target of a $28 billion cross-border deal that will create the largest energy pipeline and storage company in North America. [Bloomberg]
Iran, OPEC Meet Ahead Of Summit. Iran's oil minister met with OPEC officials Tuesday ahead of planned talks later this month. [UPI]
Private Refiners In Chinese Oil Market Under Scrutiny. The Chinese government is cracking down on refiners in China as the country aims to strengthen its tax policies. [Bloomberg]
Royal Dutch Shell Begins New Production in U.S. Gulf. Officials say they have begun work on their biggest project yet in the Gulf of Mexico. [UPI]
Woodside Petroleum Lands $400 Million Gas Deal With BHP. "Woodside Petroleum Ltd. may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a $400 million deal to buy half of BHP Billiton Ltd.’s stake in the remote offshore resource." [Bloomberg]
Australia Pacific LNG Commissions New Pipeline. The $24.7 billion project has commission a pipeline south so it can try to ease the gas shortage along the Australian east coast. [The Australian]
Argentina Proposes Natural Gas Increases After Court Block. A current proposal in which prices would rise an average 203 percent for consumers across the country has some on edge, after the Supreme Court halted an effort to increase as much as 500 percent on bills for natural gas last month. [Bloomberg]
Statoil Official: No Sign Of Oil Market Rebalancing. The senior vice president for trading and marketing at Statoil gives his input on the state of the market and its outlook. [Bloomberg Video]
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EOG的董事长兼首席执行官William R. Bill Thomas说，“兼并特拉华州和Powder River盆地的核心区块为我们实现更高收益的生产铺平了道路。我们很高兴可以利用此次机会来降低生产成本，提高股东的长期收益，并推动EOG实现高回报率。”
来自/OilVoice 9月7日消息 编译/郑雨晴
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EOG Resources, Inc. (NYSE: EOG) (EOG) and Yates Petroleum Corporation today announced definitive agreements under which EOG has agreed to combine with Yates Petroleum Corporation, Abo Petroleum Corporation, MYCO Industries, Inc. and certain other entities (collectively, Yates). Under the terms of this private, negotiated transaction, EOG will issue 26.06 million shares of common stock valued at $2.3 billion and pay $37 million in cash, subject to certain closing adjustments and lock-up provisions. EOG will assume and repay at closing $245 million of Yates debt offset by $131 million of anticipated cash from Yates, subject also to certain closing adjustments.
'This transaction combines the companies' existing large, premier, stacked-pay acreage positions in the heart of the Delaware and Powder River basins, paving the way for years of high-return drilling and production growth,' said William R. 'Bill' Thomas, Chairman and Chief Executive Officer of EOG. 'We are excited by this unique opportunity to advance EOG's strategy of generating high-return growth by developing premium wells at low costs that enhance long-term shareholder value.
Serica Energy plc (AIM: SQZ) provides the following operations update:
Further to previous announcements, Lomond platform operator Shell has advised that the issues concerning the re-commissioning of the Lomond export facilities have been resolved and Erskine oil and gas production resumed on 29 August. This follows the reported work to clear a blockage in the Lomond to Everest condensate export line and the summer maintenance programme on the Lomond platform.
Since restarting, production has averaged over 3,000 boe per day net to Serica, with a peak rate of over 5,000 boe on one day demonstrating the strong capability of the reservoir. Fluctuations in rates have been due to some restrictions on the Forties Pipeline System with production over the remainder of the year expected to be in the range of 2,500 to 3,000 boe per day, net to Serica.
Shell announces today that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017.
The host facility for the world's deepest offshore oil and gas project is a floating production, storage and offloading (FPSO) vessel. It is the thirteenth FPSO in Shell's global deep-water portfolio and produces through subsea infrastructure beneath 9,500 feet (2,900 meters) of water. Stones underscores Shell's long-standing leadership in using FPSOs to safely and responsibly unlock energy resources from deep-water assets around the world.
'Stones is the latest example of our leadership, capability, and knowledge which are key to profitably developing our global deep-water resources,' said Andy Brown, Upstream Director, Royal Dutch Shell. 'Our growing expertise in using such technologies in innovative ways will help us unlock more deep-water resources around the world.'
Stones, which is 100% owned and operated by Shell, is the company's second producing field from the Lower Tertiary geologic frontier in the Gulf of Mexico, following the start-up of Perdido in 2010.
Suncor与Fort McKay First Nation今日宣布双方已签署一份股权买卖协议，Suncor将向Fort McKay First Nation出售East Tank Farm开发区34.3%的股权。根据协议，一旦投产，后者将向前者支付34.3%的实际资本，预计投产期在2017年的第二季度。
Suncor and Fort McKay First Nation today announced the signing of a participation agreement for the purchase and sale of a 34.3% equity interest in Suncor's East Tank Farm Development to Fort McKay First Nation.Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in the second quarter of 2017.
'The signing of this participation agreement is the result of many years of hard work and discussions to understand and identify areas of mutual interest. Through this process we developed greater understanding and trust, and we worked collaboratively to achieve this. I'm extremely proud that Suncor and Fort McKay First Nation have partnered on this historic and progressive deal,' said Mark Little, executive vice president, Upstream, Suncor. 'This agreement demonstrates a very positive evolution in our long-term relationships and a new way that we will work together.'
Fort McKay First Nation's 34.3% share of the actual capital cost of the East Tank Farm Development is currently anticipated to be approximately $350 million which will be payable to Suncor upon closing. The transaction is subject to a number of closing conditions including the negotiation of definitive documentation, First Nations obtaining suitable financing, due diligence and other conditions customary for transactions of this nature and is anticipated to close in the second quarter of 2017.
FMC Technologies, Inc. will provide subsea multiphase boosting pumps, manifolds, and installation support services for Eni Angola's Block 15/06 West Hub Development Project located off the coast of Angola.
The company's subsea multiphase boosting pumps improve production economics by reducing backpressure on the reservoir, increasing flow rates and total recoverable reserves. Multiphase pumps have a wide operating envelope and are suitable for a broad range of conditions.
'This is our second award for our new subsea multiphase boosting system and we are confident that this technology will be a critical and important part in supporting increased deepwater field recovery,' said Tore Halvorsen, Senior Vice President of Subsea Technologies at FMC Technologies.
Eni is the operator of Block 15/06 with a 36.84 percent stake and Sonangol EP is the Concessionaire. The other Partners of the joint venture are Sonangol Pesquisa e Produ??o (36.84 percent) and SSI Fifteen Limited (26.32 percent).
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National Iranian Oil Company (NIOC) is planning enter into an agreement with the Swiss Vitol energy and commodities company on the sale of oil and gas condensate. NIOC is likely to sell oil at a discount rate within two years, while Vitol will issue a credit on easy terms, added the Iran Daily report, citing Fars News Agency, and noting that the state-run firm recently signed an agreement with Vitol on fuel purchases. Vitol has also expressed interest in oil swaps with Caspian Sea littoral states by means of the Neka Oil Terminal located in Iran.
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来自/Natural Gas World 9月6日消息 编译/孔艳坤 石油圈原创www.oilsns.com
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Statoil has agreed to increase its stakes in four Norwegian licences, including the Wisting discovery in the Barents Sea, in all cases from UK-based Tullow Oil. Neither company indicated the price of the transaction.Last month Tullow said it had decided to sell its exploration and development portfolio in Norway to prioritise on Africa and South America and reduce its cost base. The deal makes Statoil the largest equity holder in the Wisting discovery, so far the only big discovery in the Hoop area of the Barents Sea. Statoil will also acquire from Tullow a 20% interest in PL855 (Hoop) and 40% in PL695 (Tromsoflaket), plus 20% in Norwegian Sea licence PL843 – taking Statoil’s interests respectively to 55%, to 40% and to 40%. Statoil said this would give it access to interesting exploration prospects that will be matured for possible drilling in 2018.
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来自/Natural Gas World 9月6日消息 编译/孔艳坤 石油圈原创www.oilsns.com
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Centrica said September 5 it had entered into a new five-year supply agreement with Qatargas for the purchase of up to 2mn metric tons/yr of LNG. Qatargas’s first contract with Centrica ran for three years from June 2011 until mid-2014. A second currently extends the arrangement for four and a half years until December 2018. This third contract will run expiry of the latter, so from January 2019 until December 2023.The UK is increasingly becoming an attractive destination for LNG, due to the decline in North Sea production and recent growth in global LNG supply, said Centrica CEO Iain Conn, noting that his company’s “trading capabilities mean we are ideally-placed to work with LNG producers across the world.”The new contract remains a flexible supply, where “up to” means that Qatargas retains the option of delivering some or most of all the markets.
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Saudi Aramco and its US refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries’ Houston refinery. An announcement of the sale by Lyondell is expected this week. Lyondell uses the Houston refinery to produce feedstocks for its chemical plants. The refinery can run a variety of cheaper high-sulfur crude oils. In the past few years it has been running a large amount of Canadian oil. The 263,776 barrel per day (bpd) Houston refinery was restoring production on Monday after an early Thursday morning power outage. The refinery has been valued at about $1.5 billion based on an average price between $5,000 and $6,000 per barrel of refining capacity in recent sales of US refineries. Lyondell's refinery supplies dry gas to Shell's joint-venture refinery seven miles (11.25 km) east in Deer Park, Texas.
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来自/Offshore Energy Today 9月5日消息 编译/赵美园石油圈原创www.oilsns.com
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African Petroleum, an independent oil and gas exploration company, has signed a Letter of Intent (LOI) with an undisclosed international exploration and production company regarding Licenses A1 and A4, offshore Gambia.
The company said that the LOI represents a non-binding commercial proposal regarding the possible acquisition of interests in Licenses A1 and A4 where African Petroleum holds a 100 percent operated working interest in both blocks.The proposal is conditional upon African Petroleum confirming the extension of the exploration periods of both licenses by at least 12 months by the Government of Gambia and is subject to ongoing negotiations. To remind, the end of the exploration periods for both licenses was on September 1, 2016.
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来自/Offshore Energy Today 9月6日消息 编译/赵美园石油圈原创www.oilsns.com
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Following delays caused by issues with a subsea pipeline near Shell’s Lomond platform in the UK North Sea, Chevron’s Erskine field has resumed production.
Serica Energy, a partner in Erskine on Tuesday said that Shell had informed it that the issues concerning the re-commissioning of the Lomond export facilities were resolved and Erskine oil and gas production resumed on August 29.This follows the reported work to clear a blockage in the Lomond to Everest condensate export line and the summer maintenance program on the Lomond platform.
Since restarting, production has averaged over 3,000 boe per day net to Serica, with a peak rate of over 5,000 boe on one day demonstrating the strong capability of the reservoir. The Erskine Field lies approximately 150 miles (241 km) east of Aberdeen, Scotland, in the Central North Sea, in water depths of about 296 feet (90 m).
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来自/Offshore Energy Today 9月6日消息 编译/赵美园石油圈原创www.oilsns.com
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Statoil is acquiring an increased Wisting share through the acquisition of Tullow Oil’s ownership in four blocks offshore Norway. Wisting is located PL537 in the Barents Sea.
“This transaction reflects our strong belief in the exploration potential on the Norwegian continental shelf and our commitment to create value in the Barents Sea,” says Jez Averty, Statoil’s senior vice president for exploration in Norway and UK.
Through this transaction Statoil becomes the biggest equity holder in the Wisting discovery with a 35% stake, so far the only big discovery in the Hoop area of the Barents Sea. OMV as the operator holds 25%.
Statoil also increased its interest from 20% to 55% in block PL855, from 20% to 40% in PL843, and acquired a 40% interest in PL695.
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Singapore-listed Rex International Holding Ltd. reported Monday that Oman's Ministry of Oil & Gas (MOG) has extended the exploration and production sharing agreement (EPSA) with its subsidiary Masirah Oil Ltd. for Block 50 for another 3 years from the end of the current phase to March 2020.
Masirah Oil is finalizing plans to drill another exploration well in Block 50 in early 2017 and this will be the first well to use the new multi-attribute version of Rex Virtual Drilling (RVD), which enables the company to be independent from traditional geological inputs on porosity and permeability.
The Manarah-1 well drilled earlier in the first quarter of 2016 had confirmed the presence of a source rock and a working petroleum system in the 6,564 square miles (17,000 square kilometers) Block 50 concession. Investigations are also underway for a revised, lower service-cost extended well testing and early production system to be used in Block 50. Masirah made its first oil discovery offshore Oman in the GA South well in 2014.
Masirah Oil is actively pursuing a farm-out campaign with the aim of attracting partners to the concession. The company, who holds 76.95 percent interest in Block 50, said in the press release that it expects "successful investments in Oman to generate positive cash flow even at prevailing oil prices of around $40."
该公司是深圳股票交易所上市企业，其目标是筹集通过私募的方式来筹集190亿元的收购资金。CNPC向其出售的资产包括CNPC Finance、Bank of Kunlun、Kunlun Financial Leasing、Bank of China International等的股份。
来自/Reuters 9月6日消息 编译/郑雨晴
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China National Petroleum Corp (CNPC), the country's largest state energy group, will sell $11 billion worth of financial assets to a listed unit as part of the state giant's reform plan to restructure its non-core businesses.
Under Beijing's broad reform agenda to make its state-owned enterprises more efficient and competitive, CNPC has said it will restructure non-core departments, such as oilfield services, engineering and financial operations, and list them on stock exchanges.
Jinan Diesel Engine, a unit under CNPC, said late on Monday that it plans to buy certain financial assets in CNPC for 75.5 billion yuan ($11.3 billion) via cash, asset swaps and a share issue.
The unit, listed on the Shenzhen exchange, said it aims to raise up to 19 billion yuan in a private placement of shares to fund the acquisition.The assets CNPC is selling to the listed unit include the state group's holdings in CNPC Finance, Bank of Kunlun, Kunlun Financial Leasing, Bank of China International and others, according to a filing by Jinan Diesel Engine.
OAO NOVATEK (NOVATEK) announces that its subsidiary OOO NOVATEK-Yurkharovneftegas won the bid for a geological survey, exploration and hydrocarbons production license for the Syadorskiy subsoil area for a term of 25 years. The auction resulted in a one-time payment for the subsoil use in the amount of 404 million rubles.
The Syadorskiy license area expands Company's resource base in the northern part of the Yamal Peninsula. As of January 1, 2016, the license area held 24.6 bcm of Russian C1 natural gas reserves, and recoverable resources in the amount of 62.7 bcm of gas and 18.6 mmt of liquid hydrocarbons.
石油圈