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Woodside Petroleum forced to shut Pluto LNG plant as rig comes adrift

2015-03-16 04:41:13| Oil & Gas - Topix.net

Woodside Petroleum has been forced to shut down its $15 billion Pluto liquefied natural gas plant in Western Australia after a drilling rig was torn from its moorings in a cyclone and drifted dangerously close to flowlines at the offshore field. Pluto is Woodside's biggest single production asset and was the largest contributor to earnings last year, and the shutdown could impact production, profits and dividends, depending on how long it lasts, said UBS analyst Nik Burns.

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Fujairah Port Expects 75% Increase In Petroleum Tank Storage By 2020

2015-03-09 07:58:53| chemicalonline Home Page

The port’s tank storage capacity, which is expected to touch 8 million cubic metres by the end of this year, will reach 14 million cubic metres by the end of the decade, said Mousa Murad, the general manager

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Occidental Petroleum pays Peru indigenous confidential sum in Amazon pollution settlement

2015-03-05 22:30:38| Energy - Topix.net

Indigenous communities that sued Occidental Petroleum over contamination in Peru's northern Amazon have reached an out-of-court settlement in which the California-based oil company will pay them an undisclosed sum. The amount is confidential, under a settlement that was reached in 2013 in Los Angeles federal court but not announced until Thursday.

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Occidental Petroleum pays Peru indigenous confidential sum in Amazon pollution settlement

2015-03-05 22:04:09| Oil & Gas - Topix.net

Indigenous communities that sued Occidental Petroleum over contamination in Peru's northern Amazon have reached an out-of-court settlement in which the California-based oil company will pay them an undisclosed sum. The amount is confidential, under a settlement that was reached in 2013 in Los Angeles federal court but not announced until Thursday.

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Lundin Petroleum starts drilling 33/2-2S well on Morkel prospect in Norway

2015-03-05 01:00:00| Offshore Technology

Lundin Petroleum has started drilling 33/2-2S exploration well in PL579 on the Morkel prospect in the Norwegian Sea.

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