Royal Dutch Shell plc (“Shell”) updated today that the Pearl gas-to-liquids (GTL) plant, in Qatar has entered planned maintenance in February 2015. Pearl GTL comprises two identical GTL ‘trains’, with a total capacity of 140,000 barrels per day of GTL products plus 120,000 barrels per day of natural gas liquids and ethane.
Gazprom Neft has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula. 16 thousand tonnes of crude oil was shipped to European consumers by oil tanker, escorted by an atomic icebreaker.
Yesterday (January 13), Petrobras carried out the first petrochemical naphtha loading operation at the Abreu e Lima Refinery (also known as RNEST), initiating the sales program for the product. The first batch of petrochemical naphtha will be delivered to customer Braskem, a petrochemicals group with operations across Brazil.
Petrobras total oil and natural gas production in December, in Brazil and abroad, has reached an average of 2 million 863 thousand barrels of oil equivalent per day, representing the best result ever achieved in the history of the Company. This volume has an increase of 4.4% from 2 million 741 thousand boed registered in November.
With Brent crude falling to its lowest price in four years this week, operators are under immense pressure to streamline costs and offshore decommissioning and abandonment is one of the biggest areas in need of improvement, analysts said ahead of a major summit in Houston.
Shell’s Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has today announced a £55 million settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008.
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG.
McDermott International, Inc. (NYSE:MDR) (“McDermott”) has received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone.
San Diego Gas & Electric (SDG&E) announced today that more than 1,000 megawatts (MW) of renewable power is being delivered to the San Diego region made possible by the Sunrise Powerlink transmission line.
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) today announced that the company will initiate procedures to suspend operations at the Lumwana copper mine in Zambia following the passage of legislation that raises the royalty rate on the country's open pit mining operations from six percent to 20 percent.