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Oman finalizes Italian financing for Sohar refinery modernization

05/29/2014

Oman Oil Refineries & Petroleum Industries Co. (Orpic) has secured a $100 million loan guaranteed by Italian export credit agency SACE to finance oil and gas technology exports from Italy for use in the modernization and expansion of its 116,000-b/d Sohar refinery.

Statoil, PTTEP complete Canadian oil sands agreement

05/29/2014

Statoil AS and Thailand’s PTT Exploration & Production PCL (PTTEP) completed an agreement to divide their interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada, said Statoil.

Environmental activists arrested on Transocean Spitsbergen

05/29/2014

Police have taken into custody environmental activists from Greenpeace who illegally boarded the Transocean Ltd.’s Spitsbergen drilling rig on May 27.

Forum: Exploration opportunities outnumber available people, capital

05/28/2014

Oil and gas companies today face more emerging exploration opportunities than they have available capital or people, Susan Cunningham, senior vice-president of Noble Energy Inc., told an oil field breakfast forum hosted by consulting firm Decision Strategies.

Storm shutters crude unit at Marathon’s Garyville refinery

05/28/2014

A power outage caused by inclement weather early on May 28 has led to the shuttering of one of two crude units at Marathon Petroleum Corp.’s 522,000-b/d Garyville, La., refinery.

Flint Hills to acquire PetroLogistics in $1.2 billion deal

05/28/2014

Flint Hills Resources LLC, a subsidiary of Koch Industries Inc., has entered into a definitive agreement to acquire PetroLogistics and its general partner PetroLogistics GP LLC for $1.2 billion.

Petrovietnam seeks to protect disputed waters ‘by peaceful means’

05/28/2014

Do Van Hau, president and chief executive officer of Petrovietnam, said at a May 23 press conference that China has not provided a legal basis to justify the view of “disputed waters.”

SEC to begin work on fresh Dodd-Frank foreign disclosure rules

05/28/2014

The US Securities and Exchange Commission is preparing to develop revised requirements for publicly trade US oil, gas, and mining firms to disclose payments to foreign governments.

EIA: US’s crude imports from Mexico lowest since 1993

05/28/2014

In 2013, Mexico was the third-largest source of crude oil imports to the US, averaging 850,000 b/d, behind Canada and Saudi Arabia, according to the US Energy Information Administration. However, the volumes were the lowest since 1993, reflecting declining production of crude oil in Mexico.

Kazakhstan lets contract for Atyrau refinery

05/28/2014

The refining and marketing division of Kazakhstan’s state-owned KazMunaiGaz (KMG), through a contractor, has let a contract to a subsidiary of Foster Wheeler AG for the engineering and material supply of a steam reformer heater and air preheating system at its 104,000-b/d refinery at Atyrau, Kazakhstan.

Gulf Coast Western bring onshore Louisiana well blowout under control

05/28/2014

Gulf Coast Western (GCW) and its operating partner, Alpine Exploration Cos. Inc., both based in Dallas, confirmed that they have brought under control a well blowout in the Mallard Bay marshlands along the southern coast of Louisiana. The Mary O. Long No. 1 well, which was drilled in Cameron Parish, experienced a blowout on Mar. 3 during completion activities.

MARKET WATCH: NYMEX crude futures price holds above $104/bbl

05/28/2014

Crude oil futures prices declined modestly on the New York market during May 27 trading but still settled above $104/bbl while analysts awaited the US inventory report and continued to monitor news events in Libya and Ukraine.

Royale contracts Kuukpik rig for North Slope drilling

05/28/2014

Royale Energy Inc., San Diego, has let a contract to Kuukpik Drilling LLC, Anchorage, to provide a drilling rig for its Alaska North Slope shale oil play and 3D conventional target. Kuukpik will provide Rig No. 5 for the 2014-15 winter season to drill two test wells, said Royale.

Russia to remain Europe’s primary gas supplier, UK research fellows say

05/27/2014

Russia is likely to remain Europe’s primary natural gas supplier because Gazprom, its state-owned integrated gas company, has already begun to adjust operations and strategies in response to changing markets, two Oxford University Institute for Energy Studies research fellows said.

EIA: Mexico’s energy reform will address many challenges

05/27/2014

As Mexico prepares to lift its 1938 ban on private sector energy investment, many of the challenges that have resulted in a decade-long decline in Mexico’s oil production are promised to be addressed, according to the US Energy Information Administration.

Environmental review issued for California refinery revamp

05/27/2014

California’s Kern County Planning & Community Development Department (KCPCDD) has issued a draft environmental impact report (EIR) for Alon USA Energy Inc.’s request to increase the flexibility of its existing 70,000-b/d Bakersfield, Calif., refinery to process cost-advantaged light crude oils sourced from North American shale regions.

Eni appraises Agulha discovery offshore Mozambique

05/27/2014

A group led by Eni SPA has successfully executed the appraisal campaign for the Agulha discover in Area 4 offshore Mozambique, Eni reported.

Spitsbergen rig in Barents Sea boarded by environmentalists

05/27/2014

The Transocean Ltd.’s ultradeepwater semisubmersible Spitsbergen drilling rig, which has been contracted by Statoil ASA for drilling in the Barents Sea, was boarded May 26 by members of the environmental activist group Greenpeace.

RWE Dea completes, plugs Titan appraisal well

05/27/2014

RWE Dea Norge AS says it will temporarily plug and abandon an appraisal well of the 2010 Titan discovery in the Norwegian North Sea.

Australian offshore exploration drilling down, costs up

05/27/2014

Australia is drilling two thirds fewer offshore exploration wells than in 2003, but the total costs of drilling those wells has increased fivefold.

MARKET WATCH: NYMEX crude prices rose before Memorial Day holiday

05/27/2014

Crude oil futures prices rose on the New York market during May 23 trading in advance of the US Memorial Day holiday. US markets were closed May 26 for the holiday, and the government’s weekly inventory reports for oil and gas storage will be delayed one day from normal this week.

Suncor wraps planned maintenance at Canadian refineries

05/27/2014

Suncor Energy Inc. has completed planned maintenance activities at its refineries in Edmonton, Alta., and Montreal, Que., the company said.

BOEM plans to prepare SEIS to comply with Chukchi Sea court order

05/27/2014

The US Bureau of Ocean Energy Management intends to develop a supplemental environmental impact statement (SEIS) to help resolve production estimate deficiencies a federal court found in its predecessor agency’s original Chukchi Sea crude oil development plan, the US Department of Justice said in its first bimonthly report required under an order remanding the matter to a lower court.

BLM releases EA for Noble Energy’s eastern Nevada gas project

05/26/2014

The US Bureau of Land Management released an environmental assessment for Noble Energy Inc.’s proposed Huntington Valley natural gas project 7 miles from Jiggs, Nev., an unincorporated community 30 miles south of Elko. Comments will be accepted on it through June 4, BLM said.

Political-spending hypocrisy masks big policy questions

05/23/2014

In high-level fights over political spending, more is at stake for the oil and gas industry than tiresome hypocrisy.

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