Norwest Energy NL and Transerv Energy Ltd., both of Perth, have formed an alliance to facilitate the farmout and drilling of the Xanadu prospect in shallow territorial waters just offshore Western Australia. Source: News
BPCL commissions FCCU filtration system at Kochi refinery
Bharat Petroleum Corp. Ltd. (BPCL), Mumbai, has completed installation and startup of a clarified oil (CLO) filtration system at the fluid catalytic cracking unit (FCCU) at subsidiary Kochi Refineries Ltd.’s 9.5 million-tonne/year (tpy) refinery near the city of Kochi, at Ambalamugal, Ernakulam district, in the Indian state of Kerala. Source: News
MARKET WATCH: NYMEX, Brent oil price end volatile week with mild gains
Crude oil prices closed with modest gains July 8 on the New York and London markets, ending a volatile week after light, sweet crude and Brent crude dropped more than $2/bbl on July 5 and July 7. Analysts attributed price swings to an uncertain global economic outlook and a rising US rig count. Source: News
MARKET WATCH: NYMEX, Brent oil price end volatile week with mild gains
Crude oil prices closed with modest gains July 8 on the New York and London markets, ending a volatile week after light, sweet crude and Brent crude dropped more than $2/bbl on July 5 and July 7. Analysts attributed price swings to an uncertain global economic outlook and a rising US rig count. Source: News
Merlin Energy Resources becomes employee-owned
Merlin Energy Resources Ltd., a UK geoscience and data management consultancy focused on the oil and gas industry, has become an employee-owned organization. Source: News
Energy costs help explain the UK’s vote to leave EU
On energy and the European Union, the UK follows the arc of David Cameron’s career as prime minister: from bright green to olive drab to out. Source: News
Energy costs help explain the UK’s vote to leave EU
On energy and the European Union, the UK follows the arc of David Cameron’s career as prime minister: from bright green to olive drab to out. Source: News
Tullow’s TEN project nears completion offshore Ghana
The Tullow Oil PLC-operated Tweneboa-Enyenra-Ntomme (TEN) project offshore West Africa is now 96% complete and expected to begin oil production within 3-6 weeks. Source: News
Birchcliff to buy Encana’s Gordondale assets for $625 million (Can.)
Birchcliff Energy Ltd. has agreed to acquire 100% of fellow Calgary firm Encana Corp.’s Gordondale assets in northwestern Alberta for $625 million (Can.) in cash. The deal is effective Jan. 1, and expected to close by July 28. Source: News
The tyranny of activism-Conclusion: Carbon tax context
To radical demands of climate-change protestors in dinosaur costumes, some oil and gas companies respond by supporting a carbon tax. That won’t make the issue or the activists go away. Activists want oil and gas companies to go away. Source: News