Daily Archives: April 22, 2016

Thai coal company opts into Marcellus gas field

Thailand’s Banpu PLC has acquired a 29.4% stake in Chaffee Corners joint exploration agreement for $112 million. The deal provides Banpu with a net interest equivalent 156 bcfd of gas. The agreement targets the net output of about 21 MMcfd this year, the company said in a statement published on Thai stock exchange. Read Full…

Current offshore platforms can withstand sea ice, study for BSEE says

Current Arctic offshore oil and gas platform designs are capable of withstanding sea ice demands during extreme weather under an existing International Organization for Standardization (ISO) practice, a University of Alaska at Anchorage study for the US Bureau of Safety and Environmental Enforcement found. Read Full Article Here For more great articles: Oil & Gas…

Groups welcome Alberta royalty changes

Oil and gas producer associations welcomed royalty innovations published Apr. 21 by the Alberta government for new wells not in the oil sands. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Casillas buys Chesapeake SCOOP interests

A partnership of privately held Casillas Petroleum Corp., Tulsa, and Kayne Anderson Energy Funds, Los Angeles, has purchased producing interests in the South Central Oklahoma Oil Province (SCOOP) play from Chesapeake Energy Corp. for $106 million. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

MARKET WATCH: NYMEX crude oil price drops $1/bbl on economic indicators

Light, sweet crude prices for June delivery dropped $1 on the New York market Apr. 21 to settle above $43/bbl, down from the session’s intraday high of $44.49/bbl during a volatile trading day, which traders attributed to economic-related comments and statistics by European and US officials. Read Full Article Here For more great articles: Oil…

Nigeria: Pirates attack two offshore vessels. Two crewmembers kidnapped

By Offshore Energy Today Two crewmembers of an offshore supply vessel have been kidnapped offshore Nigeria this week. According to the International Maritime Bureau’s Piracy Reporting Centre , the pirates attacked and boarded the offshore supply vessel underway. Alarm was raised and crew was mustered. IMB PRC says the non-essential crew retreated into the citadel….