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Tue, 18 Jun 2019 19:25:00 GMT
Christian elected chairman of Texas RRC

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

Tue, 18 Jun 2019 17:42:00 GMT
Anadarko sanctions Mozambique LNG project

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.

Tue, 18 Jun 2019 17:31:00 GMT
Leaseholders told to recalculate royalties under 2016 rule

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.

Tue, 18 Jun 2019 17:02:00 GMT
PTTEP agrees to acquire Partex Holdings

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.

Tue, 18 Jun 2019 16:55:00 GMT
ConocoPhillips to acquire Nuna discovery acreage

ConocoPhillips Alaska reported it will acquire 11 tracts covering 21,000 acres in the western Alaska North Slope, which includes the 2012 Nuna oil discovery, from Caelus Natural Resources Alaska. Nuna lies east of the Colville River and 5 miles southwest of Oooguruk oil field where, in January, Caelus agreed to sell a 70% interest to Eni.

Tue, 18 Jun 2019 15:49:00 GMT
Roberts named Stakeholder Midstream COO

Josh J. Roberts has been promoted to chief operating officer of Stakeholder Midstream. Roberts is responsible for the management and oversight of Stakeholder’s engineering and operations functions. Since joining Stakeholder in 2015, Roberts has been responsible for the design and construction of the San Andres Crude Gathering System and the Campo Viejo Gas Gathering System.