BP’s Lower 48 business becomes BPX Energy
October 31st, 2018BP PLC changed the name of its Lower 48 business to BPX Energy following the completion of its $10.5-billion acquisition of BHP’s US unconventional assets.
CAPABILITIES
CERTIFIED WOMAN OWNED BUSINESS: W2F350860 NAICS: 561210, 561311, 561312, 561320 DUNS: 04-578-7400 CAGE: 5F3C7
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Use more collaborative cybersecurity approach, groups urge government
October 31st, 2018Reliance upon proven risk management-based frameworks and public-private collaboration, instead of prescriptive regulation, is the most effective way to bolster the cybersecurity of the oil and gas industry and the critical infrastructure companies in it operate, an Oct. 31 report from two industry groups concluded.
History of surprise tax hikes haunts UK offshore industry
October 31st, 2018History crackles in oil and gas industry praise for a UK budget that does well by doing little.
ExxonMobil commissions Antwerp refinery’s delayed coker
October 31st, 2018ExxonMobil Petroleum & Chemical BVBA has commissioned a delayed coker at its 320,000-b/d Antwerp refinery in Belgium. Designed to convert heavy, higher-sulfur residual oils into transportation fuels such as marine gas oil and diesel, the 50,000-b/d coker will expand the refinery’s capacity to meet demand for cleaner transportation fuels throughout northwest Europe.
PNR exits Sinor Nest with $132-million sale
October 31st, 2018Pioneer Natural Resources Co. (PNR), Dallas, has agreed to sell its interests in Sinor Nest (Lower Wilcox) field in Live Oak County, Tex., for net proceeds of $132 million. The purchaser was undisclosed.
Bose-Einstein condensate generated in space for the first time
October 31st, 2018
Scientists have created a Bose-Einstein condensate for the first time in space on board a research rocket.
Santos moves to Stage 3 of Amadeus basin farm-in
October 31st, 2018Santos Ltd., Adelaide, has completed the acquisition of 1,337 km of seismic data in Amadeus basin permits EP82, EP112, and EP125 in the Northern Territory as part of Stage 2 of its farm-in to the acreage held by Central Petroleum Ltd., Brisbane.
EIA: US crude inventories increase 3.2 million bbl
October 31st, 2018US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.2 million bbl for the week ended Oct. 26, according to data from the US Energy Information Administration. At 426 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year, the report indicated.
Enterprise to further expand Mont Belvieu NGL fractionation capacity
October 31st, 2018Enterprise Products Partners LP (EPP) is planning an additional incremental 150,000-b/d expansion to its existing NGL fractionation complex in Mont Belvieu, Tex. To become the eleventh NGL fractionator at the site, this new unit would increase EPP’s NGL fractionation capacity to 1 million b/d in the Mont Belvieu area and about 1.5 million b/d companywide once service begins, the company said.
Enterprise begins construction of Delaware basin gas plant
October 31st, 2018Enterprise Products Partners LP (EPP) has started construction of a seventh natural gas processing plant in the Delaware basin. Situated in Loving County, Tex., the Mentone cryogenic gas processing plant will have the capacity to process 300 MMcfd of gas and extract more than 40,000 b/d of NGLs upon its startup in first-quarter 2020, EPP said.
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