Archives December 2016

Dec
30
2016

BHI: Yearend US rig count continues to climb

The US rig count increased yet again this week, jumping 5 units to reach a total of 658 during the week ended Dec. 30, according to data from Baker Hughes Inc. …read more Source: Oil Gas Journal   

Dec
30
2016

Production starts at Ivar Aasen field in Norwegian North Sea

Ivar Aasen oil field in the Norwegian North Sea has begun producing (OGJ Online, Oct. 25, 2016). Oil production began Dec. 24, some 4 years after the plan for development and operation was submitted. …read more Source: Oil Gas Journal   

Dec
30
2016

ONGC to buy stake in Deen Dayal West field offshore India

Oil & Natural Gas Corp Ltd. said it will buy the 80% stake in Deen Dayal West field offshore eastern India held by Gujarat State Petroleum Corp. Ltd. The agreement for $995.26 million includes operatorship. …read more Source: Oil Gas Journal   

Dec
29
2016

Kasich vetoes bill with oil, gas property tax exemption expansion

Ohio Gov. John R. Kasich vetoed a state senate bill that included an expansion of the state’s exemption from the sales tax of tangible personal property tax directly used in the production of oil and gas that was retroactive to 2010. …read more Source: Oil Gas Journal   

Dec
23
2016

BHI: US rig count climbs by 16 ahead of holiday week

Undeterred by the upcoming holiday week, the US rig count recorded yet another double-digit weekly increase. …read more Source: Oil Gas Journal   

Dec
23
2016

BP, SOCAR sign LOI for ACG field development off Azerbaijan

State Oil Co. of the Republic of Azerbaijan (SOCAR) and BP PLC-operated Azerbaijan International Operating Co. (AIOC) have signed a letter of intent for future development of Azeri-Chirag-Gunashli (ACG) field off Azerbaijan in the Caspian Sea. …read more Source: Oil Gas Journal   

Dec
22
2016

APLNG buys Kincora project gas

Brisbane-based Armour Energy Ltd. has executed a gas sales agreement with the Origin Energy Ltd.-led Australia Pacific LNG group for the supply of 1.8 petajoules of gas from Armour’s Kincora Roma Shelf gas project in the Surat basin of southeast Queensland to APLNG’s LNG plant on Curtis Island near Gladstone over a minimum of 5 […]

Dec
22
2016

Libya expects more oil production after pipeline reopening

Libya’s National Oil Corp. said an oil pipeline that had been shut down for more than 2 years has reopened in western Libya. …read more Source: Oil Gas Journal   

Dec
21
2016

Total to buy $2.2 billion in Petrobras upstream, downstream assets

Total SA has agreed to acquire $2.2-billion in upstream and downstream assets from Petroleo Brasileiro SA (Petrobras) as part of the firms’ strategic alliance announced in October. …read more Source: Oil Gas Journal   

Dec
21
2016

Macquarie Group buys half of Mereenie oil, gas field

Sydney-headquartered Macquarie Group Ltd. has acquired Santos Ltd.’s remaining 50% share of Mereenie oil and gas field in the Amadeus basin of Australia’s Northern Territory. …read more Source: Oil Gas Journal   

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