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Noble to sell US gulf assets to restructuring Fieldwood Energy

Noble Energy Inc. agreed to sell its deepwater Gulf of Mexico assets to Fieldwood Energy for $710 million in a move the company calls “the last major step” in its portfolio transformation. The deal is conditional as Fieldwood is restructuring.


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Kuwait begins major turnaround at Al-Ahmadi refinery

Kuwait Petroleum Corp. subsidiary Kuwait National Petroleum Co. has started a more than month-long turnaround at its 466,000-b/d Mina Al-Ahmadi refinery about 28 miles south of Kuwait City on the Persian Gulf.



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ExxonMobil adds 2.7 billion bbl to reserves in 2017

ExxonMobil Corp. has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s proved reserves totaled 21.2 billion boe at yearend 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonM…



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Egyptian group to buy Leviathan, Tamar gas

Noble Energy Inc. has signed agreements to sell 1.5 tcf of natural gas each from Leviathan and Tamar deepwater gas fields off Israel to an industrial consortium in Egypt. Noble said the consortium, Dolphinus Holdings Ltd., will supply industrial and pe…



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OPEC eyes long-term oil-supply management

The Organization of Petroleum Exporting Countries is working toward long-term management of oil supply by its members and collaborating countries, according to the new president. Suhail Al Mazrouei, minister of energy and industry of the United Arab Em…


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Total, Nova, and Borealis advance proposed USGC petchem combine

Affiliates of France’s Total SA, Austria’s Borealis AG, and Canada’s Nova Chemicals Corp. have signed definitive agreements to form a joint venture that would combine certain of the companies’ existing and future petrochemical operations along the US G…


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AOPL urges caution as Commerce issues steel import warning

The Association of Oil Pipe Lines urged caution as the US Department of Commerce said increasingly high steel imports threaten US national security. AOPL Pres. Andrew J. Black cautioned that placing tariffs on imported steel could reduce or delay pipel…