Oreion News

Christian elected chairman of Texas RRC (18 June 2019, 7:25 pm)

Commissioner Wayne Christian was unanimously elected chairman of the Texas Railroad Commission.

Lancaster oil shipments start off the UK (18 June 2019, 5:52 pm)

Hurricane Energy PLC has sold the first cargo of crude oil from the early production system on Lancaster field in the West of Shetland area offshore the UK. Hurricane says Lancaster is the UK’s first producing basement field.

Anadarko sanctions Mozambique LNG project (18 June 2019, 5:42 pm)

Anadarko Petroleum has formally sanctioned its Mozambican LNG project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes/year. Feed gas comes from Golfinho-Atum field in Offshore Area 1 where Anadarko and its partners have discovered 75 tcf of recoverable natural gas resources.

Leaseholders told to recalculate royalties under 2016 rule (18 June 2019, 5:31 pm)

A federal court’s March decision that vacated the US Office of Natural Resources Revenue’s repeal of its consolidated federal oil and gas and federal and Indian oil and gas effectively reinstated the 2016 requirements, ONRR advised federal leaseholders. Accordingly, the leaseholders should recalculate royalties under the 2016 rule for production since Jan. 1, 2017, it said in a June 13 notice.

PTTEP agrees to acquire Partex Holdings (18 June 2019, 5:02 pm)

PTT Exploration & Production Co. has signed an agreement to acquire 100% of Partex Holding from the Calouste Gulbenkian Foundation of Portugal for as much as $622 million. The deal, expected to close by yearend, will boost the Thai company’s net-interest production by 16,000 b/d of oil and reserves by 65 million boe of oil and gas.

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