RSS Oil & Gas Industry News

  • CSB: Thermal fatigue likely cause of Pascagoula gas plant incident
    Thermal fatigue was likely the cause of the explosion and fire at Enterprise Products Partners’ Pascagoula, Miss., gas plant late in the evening of June 27, 2016, a US Chemical Safety Board investigation concluded on Feb. 19. The failure of the plant’s brazed aluminum heat exchange led to the release of methane, ethane, propane, and […]
  • Anadarko, Pertamina sign LNG agreement for Mozambique plant
    Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 coventurers—has entered into a 20-year, 1 million-tonne/year LNG supply agreement with Indonesia’s state-owned Pertamina.
  • Equinor releases Great Australian Bight drilling plan
    The Australian arm of Norwegian international energy company Equinor has released for public comment its draft environment plan for the proposed drilling program of the Stromlo-1 wildcat in exploration permit EPP39 in the South Australian portion of the Great Australian Bight.
  • MARKET WATCH: Brent crude oil approached $67/bbl to start week
    Brent crude oil reached a high of $66.83/bbl on the London market Feb. 18 before falling to settle at $66.25/bbl while US markets were closed Feb. 18 for the Presidents’ Day holiday.
  • Montana federal judge’s latest order continues to block Keystone XL
    US District Judge Brian Morris issued a new ruling allowing TransCanada Corp. to build and use pipe storage and container yards for the proposed Keystone XL crude oil pipeline. But the Feb. 15 order reportedly continues to block construction of worker camps, effectively keeping work from beginning on the project.
  • Marathon Oil sets $2.4-billion capital budget for 2019
    Marathon Oil Corp. has earmarked $2.4 billion in development capital for 2019, the majority of which—95%—to be allocated 60-40 to the four US resource plays: Eagle Ford and Bakken, and Oklahoma and Northern Delaware, respectively.
  • Santos increases operatorship position in offshore Bonaparte basin
    Santos has boosted its operatorship position in the Bonaparte basin off northern Australia through an agreement with fellow explorer Beach Energy. The agreement aligns interests across three permits in the Northern Territory jurisdiction—NT/P82, NT/P85, and NT/P84—and one offshore Western Australia, WA-454-P, such that the two companies become 50-50 joint venture partners in each with Santos […]
  • Probert joins TransGlobe Energy as VP, COO
    Geoffrey Probert has agreed to join TransGlobe Energy Corp., Calgary, as vice-president and chief operating officer based in London. Probert has been North Africa managing director for Petroceltic and previously worked with Shell and BHP Billiton.
  • Henderson named Kosmos chief exploration officer
    Tracey Henderson has been named chief exploration officer of Kosmos Energy Ltd., Dallas, succeeding founding partner Brian F. Maxted, who is retiring.
  • MARKET WATCH: Oil price benchmarks end week on 3-month high
    Benchmark crude oil prices rose on New York and London markets by more than $1/bbl Feb. 15 to 3-month-high settlements following the Organization of Petroleum Exporting Countries report that cartel production dropped in January from December 2018.

Company News