Daily Archives: June 10, 2016

BP Norge and Det norske agree to merge

BP Norge AS and Det norske oljeselskap ASA have agreed to merge through a share-and-cash transaction into an independent exploration and production company with more than 120,000 boe/d of production offshore Norway. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Antero to acquire West Virginia acreage for $450 million

Antero Resources Corp., Denver, has agreed to acquire 55,000 net acres of undeveloped Marcellus shale leasehold, including deep rights on 41,000 net acres prospective for the underlying dry Utica, and 14 MMcfed of net production from Southwestern Energy Co., Houston, for $450 million. Read Full Article Here For more great articles: Oil & Gas Journal…

USGS estimates Colorado’s Mancos shale to hold 66 tcf of gas

The Mancos shale of the Piceance basin in Colorado holds mean undiscovered, technically recoverable resources of 66 tcf of shale natural gas, 74 million bbl of shale oil, and 45 million bbl of NGLs, according to an updated assessment by the US Geological Survey. Read Full Article Here For more great articles: Oil & Gas…

CHC helicopter makes emergency landing on BP’s North Sea platform

By Offshore Energy Today.. A CHC-operated helicopter reportedly had to make an emergency landing on a North Sea platform after experiencing an issue. According to VG, a Norwegian language news website, the helicopter of the Sikorsky S-92 type landed on BP’s Ula platform located in the North Sea, offshore Norway. There were 16 people on…

Yamal LNG receives first loan tranche from Russian banks

By LNG World News Novatek-operated Yamal LNG project on Friday said it has received the first tranche of financing in the amount of €1 billion provided by Sberbank and Gazprombank under a loan agreement signed in April 2016. The financing from the Russian banks is part of the project finance package totaling the equivalent of…

Klaipedos Nafta: LNG terminal usage rules updated

By LNG World News Klaipedos Nafta, the operator of the Lithuanian LNG terminal recently informed the National Commission for Energy Control and Prices (NCC) has approved the amended rules of the use of Klaipeda LNG terminal. The rules have been adjusted following the evaluation of the first year of operations and the requests of the…