From our Sponsor Wondering how to tackle the challenge with employees? Leverage Tyndale’s simple solution to get employees up to speed for safety and compliance. Tyndale’s FRC Care and Maintenance Training Video covers recommended practices for home laundering FRC and guidance on when a garment should be repaired or retired from service. Learn the three key takeaways plus recommendations for routine garment inspection. This video will help! |
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| The US Environmental Protection Agency should not move too quickly to impose addition methane emissions regulations on producers, two national oil and gas associations separately said on Dec. 3. |
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| The Texas Petro Index (TPI) declined in October for the 11th straight month to 212.3, down 32.2% from October 2014 when the TPI reached a record 313.2. |
| Islamic State, the jihadist occupier of parts of Syria and Iraq, makes 43% of its $80 million/month revenue from illicit sales of oil, estimates the monthly Conflict Monitor at IHS Aerospace, Defense, and Security. |
| The January contract for light, sweet crude settled below $40/bbl on the New York market Dec. 4 after members of the Organization of Petroleum Exporting Countries acknowledged they would accommodate current production, which is more than 1 million b/d over the quota. |
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| Devon Energy Corp., Oklahoma City, has agreed to acquire 80,000 net surface acres in the Anadarko basin STACK play from Felix Energy LLC, a Denver-based portfolio company of EnCap Investments, for $1.9 billion. In a second deal, Devon has agreed to acquire 253,000 net acres in the Powder River basin for $600 million. |
| A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC has agreed to acquire subsidiaries of Tall Oak Midstream LLC for $1.55 billion. |
| The US Bureau of Land Management’s Eastern States office postponed its Dec. 10 oil and gas lease sale 3 days before it was to take place. Nine parcels that would have been offered will be included in the next quarterly lease sale on Mar. 17, 2016, the Dec. 7 announcement said. |
| Unipetrol AS has let a contract to Technip SA, Paris, for work related to reconstruction of its 544,000-tonne/year (tpy) ethylene plant at its Chempark Zaluzi petrochemical complex in Litvinov, Czech Republic, following an explosion and ensuing fire that hit the site in August. |
| Axens SA, Rueil-Malmaison, France, has released additional details of its earlier contract award from State Oil Co. of Azerbaijan Republic (SOCAR) to build diesel fuel and gasoline hydrotreating units as part of the ongoing modernization and expansion project at the Heydar Aliyev (formerly New Baku) refinery at Baku. |
| George Damiris has been promoted to president and chief executive officer of HollyFrontier Corp. and appointed to the company’s board. An employee of the company since 2007, Damiris has been executive vice-president and chief operating officer since September 2014. |
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