Biden administration reinstates oil sanctions on Venezuela
OGJ | Oil & Gas Journal
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5h ago
Six months after it suspended sanctions on exports of Venezuelan oil and investments in the country’s oil and gas sector, the Biden administration on Apr. 18 reimposed them, citing Caracas’ lack of progress in meeting election-reform commitments ..read more
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Bp begins oil production from ACE platform offshore Azerbaijan
OGJ | Oil & Gas Journal
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5h ago
bp has started oil production from the new Azeri Central East (ACE) platform as part of Azeri-Chirag-Gunashli (ACG) field development in the Caspian Sea ..read more
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Equinor exits operated positions onshore US through asset swap with EQT
OGJ | Oil & Gas Journal
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5h ago
Equinor and EQT have agreed to swap Equinor’s operated position in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated natural gas assets in the Northern Marcellus formation ..read more
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US BLM boosts costs to drill on federal lands in sweeping new leasing regulations
OGJ | Oil & Gas Journal
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5h ago
Producers will pay more to develop and produce oil and natural gas on federal lands under a sweeping final rule issued Apr. 12 by the Department of Interior’s Bureau of Land Management ..read more
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ExxonMobil reveals mixed plan to shed, shutter French refining, chemical assets
OGJ | Oil & Gas Journal
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5h ago
Esso Societe Anonyme Francaise (SAF)—a majority owned subsidiary of ExxonMobil—has entered formal discussions for the sale of its 140,000-b/sd (133,000-b/d) Fos-sur-Mer integrated refinery in the Bouches-du-Rhône region of southern France’s Provence-Alpes-Côte d'Azur ..read more
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Petrobras discovers oil in ultradeep Potiguar basin exploration
OGJ | Oil & Gas Journal
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5h ago
Petróleo Brasileiro SA (Petrobras) discovered an oil accumulation in Potiguar basin about 190 km from Fortaleza and 250 km from Natal in 2,196 m of water in the Brazilian Equatorial Margin ..read more
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OKEA takes FID for Brasse development
OGJ | Oil & Gas Journal
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6d ago
OKEA ASA and partners have taken final investment decision to develop Brasse field as a tie-back to Brage in the North Sea ..read more
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Pembina Pipeline issues notice to proceed on Cedar LNG project
OGJ | Oil & Gas Journal
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6d ago
Pembina Pipeline and the Haisla Nation, partners in development of the proposed 3.3-million tpy Cedar LNG plant, have advanced the project though a long-term commercial offtake agreement and issuance of a notice to proceed to EPC contractors ..read more
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GAO says gas pipeline regulator needs to do more to implement safety regulations
OGJ | Oil & Gas Journal
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2w ago
The US PHMSA issued rules in 2019 and 2022 to strengthen natural gas transmission safety regulations, but it does not have adequate plans for implementing them, the Government Accountability Office said Apr. 3 ..read more
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Burnaby refinery resumes operations following 13-week shutdown
OGJ | Oil & Gas Journal
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2w ago
Parkland Corp. has restored normal operations at subsidiary Parkland Refining (B.C.) Ltd.’s refinery on Burrard Inlet in North Burnaby ..read more
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