Most Recent Stories

BNV-Norstra deal sets Montana gas drilling

06/25/2014

Privately held BNV Energy LLC, Houston, has entered an agreement with Norstra Energy Inc., Spokane, to drill two natural gas wells and build a related gathering system to earn a 60% working interest in 5,382 acres in Northwest Montana.

Gazprom, OMV to complete Austrian South Stream leg by 2016

06/25/2014

OAO Gazprom and OMV AG signed a shareholders’ agreement for South Stream Austria GMBH, completing the final investment decision for the natural gas pipeline’s Austrian section with an eye on commissioning in late 2016.

Pemex lets contract in Ayatsil development

06/25/2014

Pemex Exploration & Production has let a contract to GE Oil & Gas for the supply and installation of surface wellheads and trees at Ayatsil heavy oil field under development in the Campeche Sound offshore Mexico.

Eni granted permits for Algerian fields

06/25/2014

Algeria’s state-owned Sonatrach has granted Eni SPA three prospection permits, authorizing Eni, as operator, and Sonatrach to carry out prospection activities in the Timimoun and Oued Mya basins of southern Algeria.

DOC authorizes EPP, Pioneer to export condensate

06/25/2014

Two companies have received authorization from the US Department of Commerce to sell condensate to buyers outside the US, and analysts expect the sales—probably involving condensate from the Eagle Ford in South Texas—could begin in August.

Durrant named chief executive officer of Premier Oil

06/25/2014

Premier Oil PLC has appointed Tony Durrant as chief executive officer, effective immediately. He succeeds Simon Lockett, who served in the role since 2005.

Saipem preps Darwin-Ichthys field gas line pipelay

06/25/2014

The Saipem Semac 1 semisubmersible pipelay barge has arrived in Darwin to prepare for work on the shallow-water section of Inpex group’s gas pipeline from Ichthys field in the Browse basin off Western Australia.

MARKET WATCH: Brent crude prices continue to rise on Iraqi insurgency

06/25/2014

Crude oil futures prices on the New York market fell modestly on June 24 awaiting weekly inventory numbers while crude oil prices rose again on the London market, which analysts attributed to ongoing instability in Iraq.

Lukoil to acquire interest in Etinde offshore Cameroon

06/24/2014

OAO Lukoil plans to acquire 37.5% interest in the Etinde production sharing agreement offshore Cameroon from Bowleven PLC.

DNO suspends output from two Yemen blocks

06/24/2014

DNO Yemen AS has suspended production totaling 3,400 b/d of oil gross from two blocks in Yemen after blockades by local groups restricted movement of equipment, supplies, and contractors.

Uganda narrows bidders for grassroots refinery

06/24/2014

Uganda’s government has selected two of the four proposals from international companies bidding to build and construct the country’s first refinery and related infrastructure in the Lake Albert region of Buseruka Subcounty, Hoima District, Uganda.

Maersk advances work in Danish North Sea

06/24/2014

Maersk Oil has let two contracts to Technip for work associated with gas lift in two small fields in the Danish North Sea connected to the Tyra oil and gas producing center, an area where it has a larger project under way.

Contract let for Russia’s Orsk refinery

06/24/2014

JSC ForteInvest, through a contractor, has let a contract to a subsidiary of Foster Wheeler’s global engineering and construction group for the engineering and material supply of a steam reformer heater for hydrogen production for its 130,000-b/d Orsknefteorgsintez (Orsk) refinery at Orsk, Russia.

E&Y: US oil, gas companies’ reserves, profits up in 2013

06/24/2014

A slight decrease in capital spending by US oil and gas companies in 2013 gave way to a 9% increase in oil and gas reserves, strong oil prices, and improving natural gas prices, Ernst & Young reported on June 24 in its annual US oil and gas reserves study.

MARKET WATCH: Crude oil futures prices decline while Kerry visits Baghdad

06/24/2014

Crude oil futures prices declined on both the New York and London markets on June 22 while analysts noted Iraq's oil production, concentrated in southern Iraq, has been unchanged by militant attacks on cities in northern Iraq.

Slovnaft advances petrochemical plant project

06/24/2014

Slovnaft AS said construction of the logistics plant for a new polyethylene production unit plant, LDPE 4, at its existing 220,000-tonnes/year (tpy) ethylene production site in Bratislava, Slovakia, is nearing completion.

Carrizo reports initial multiple-bench Niobrara downspacing results

06/23/2014

Carrizo Oil & Gas Inc., Houston, recently started production from its first multiple-geological-bench downspacing pilot, consisting of 8 wells, in the company's Bringelson Ranch area in Weld County, Colo.

Lundin spuds appraisal well on Luno II discovery

06/23/2014

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has commenced drilling appraisal well 16/4-8S on the Luno II discovery, about 15 km south of Edvard Grieg field in the Norwegian North Sea.

Contract awarded for new Fujairah refinery

06/23/2014

Ecomar Energy Solutions FZC (EES), Fujairah, through a contractor, has let a contract to Cylingas Co. LLC, a subsidiary of Emirates National Oil Co. (ENOC), for a 7,500-b/d modular refinery to be located in Fujairah, UAE.

Repsol makes two western Siberia discoveries

06/23/2014

Repsol SA has made two hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in the West Siberian Ouriyinskoye field of Russia.

Supreme Court ruling mixed on GHG regulation

06/23/2014

The US Supreme Court has asserted limits to the Environmental Protection Agency’s authority to regulate greenhouse gases (GHGs) specifically but approved limitation of GHG emissions from plants subject to control of other pollutants covered by the Clean Air Act.

Oneok Mont Belvieu expansion receives GHG permit

06/23/2014

The US Environmental Protection Agency (EPA) has issued a final greenhouse gas (GHG) prevention of significant deterioration (PSD) construction permit to Oneok Hydrocarbon, an operating subsidiary for Oneok Partners LP, for expansion of the company’s fractionator at Mont Belvieu, Tex., east of Houston.

Mubadala Petroleum confirms discoveries offshore Malaysia

06/23/2014

Mubadala Petroleum, Abu Dhabi, reported that the Pagaga-2 appraisal well has confirmed an 850-m gas column in Block SK320 offshore Malaysia.

Oryx sells first offtakes from Demir Dagh in Iraq

06/23/2014

Oryx Petroleum Corp. Ltd., Calgary, has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq.

MARKET WATCH: NYMEX crude oil futures for July top $107/bbl

06/23/2014

Oil prices climbed on the New York market on June 20 while Brent prices fell on the London market after having soared above $115/bbl earlier last week.

Stay Connected