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Ergon plans Mississippi refinery expansion

10/14/2014

Ergon Inc., Jackson, Miss., is planning a $150-million expansion at its subsidiary Ergon Refining Inc.’s specialty naphthenic base oil refinery in Vicksburg, Miss., the company said.

Statoil makes another gas discovery off Tanzania

10/14/2014

Statoil ASA reported its seventh discovery on Block 2 offshore Tanzania, with the Giligiliani-1 finding 1.2 tcf of gas in place.

Lundin makes oil, gas find with Alta well in Barents Sea

10/14/2014

Lundin Norway AS has discovered oil and natural gas with the Alta exploratory well in the southern Barents Sea, according to the company and the Norwegian Petroleum Directorate.

Gazprom, CNPC sign technical agreement on cross-border section

10/14/2014

OAO Gazprom and China National Petroleum Corp. have signed a technical agreement for the cross-border section Power of Siberia natural gas trunkline.

MARKET WATCH: NYMEX, Brent crude oil prices down again

10/14/2014

Crude oil prices settled lower on the New York market and in London Oct. 13 while dropping yet again in early Oct. 14 trading after the International Energy Agency reduced its forecast for global oil-demand growth for 2014.

Daybreak advances Kentucky, California operations

10/13/2014

Daybreak Oil & Gas Inc., Spokane, Wash., has advanced its operations in Kentucky and California.

CNPC, Rosneft advance Tianjin refinery project

10/13/2014

China National Petroleum Corp. (CNPC) and OAO Rosneft have signed an agreement for the extension of strategic cooperation on the Tianjin joint venture refinery project in northern China.

Lukoil restarts Romanian refinery

10/13/2014

Russia’s OAO Lukoil has restarted operations at its subsidiary AO Petrotel-Lukoil’s 2.4-million tonne/year refinery in Ploiesti, Romania, 55 km outside of Bucharest, after production was halted following an Oct. 2 search and inspection of the plant’s offices by Romanian law enforcement agencies.

BlueGreen Alliance calls for strong US methane reduction strategy

10/13/2014

The BlueGreen Alliance, a coalition of 10 national labor unions and 5 environmental organizations, urged the Obama administration to adopt a strong methane reduction strategy with the US oil and gas industry as a major component.

Eni signs two more PSCs for blocks off Vietnam

10/13/2014

Italy’s Eni SPA has signed two production-sharing contracts for exploration of blocks 116 and 124 off the coast of Vietnam.

Petronas purchases share in Shah Deniz for $2.2 billion

10/13/2014

Malaysia’s Petronas has purchased a 15.5% share in the Shah Deniz production-sharing agreement in Azerbaijan from Statoil ASA.

Lundin spuds Gobi-1 exploration well in Natuna Sea

10/13/2014

Lundin Petroleum AB has spudded the Gobi-1 wildcat oil exploration well to test the hydrocarbon potential of Oligocene and Early Miocene stacked fluvial reservoirs in a 3-way fault dependent structure in the Jemaja basin.

CNOOC begins oil production at Enping 24-2 field

10/13/2014

China National Offshore Oil Corp. Ltd. reported oil production from the Enping 24-2 field in the Pearl River Mouth basin of the South China Sea.

MARKET WATCH: November crude prices buck trend, end week up slightly

10/13/2014

The New York Mercantile Exchange November crude oil contract gained 5¢ on Oct. 10, closing at $85.82/bbl. The December contract, meanwhile, dropped $1.48 to settle at $85.11/bbl.

Study: Energy jobs extrasensitive to oil-price changes

10/11/2014

As oil prices fall, speculation naturally arises about winners and losers in the event a decline of the moment becomes something more severe.

Petrobras signs LOI to charter FPSO for Libra field

10/10/2014

A consortium led by Petroleo Brasileiro SA (Petrobras) has signed a letter of intent with Odebrecht Oil & Gas and Teekay to charter a floating production, storage, and offloading vessel for the extended well test campaign at the Libra area of the Santos basin presalt.

National Fuel Gas CEO becomes INGAA’s 2014-15 chairman

10/10/2014

National Fuel Gas Co. Chief Executive Officer Ronald J. Tanski was elected as chairman of the Interstate Natural Gas Association of America for a 1-year term during the trade association’s annual board meeting on Oct. 10. He succeeds David J. Devine, president of Kinder Morgan Inc.’s central regional gas pipelines.

Groups sue to block California refinery expansion

10/10/2014

Environmental groups have petitioned a California superior court to stop Alon USA Energy Inc. from moving forward with a plan to expand existing receiving and processing options for North American shale light crude oils at its 70,000-b/d Bakersfield refinery.

BHI: Permian drives gains in weekly, yearly US rig count

10/10/2014

The US drilling rig count gained 8 units to reach 1,930 rigs working during the week ended Oct. 10, driven in large part by growth in the Permian basin, Baker Hughes Inc. reported.

AER approves 84 of 90 Grand Rapids pipeline applications

10/10/2014

Alberta Energy Regulator reported it has approved, with 26 conditions, “the majority” of applications by Grand Rapids Pipeline GP Ltd. to construct two pipelines carrying diluted bitumen and hydrocarbon diluents.

Spectra proposes Wyoming-Illinois crude line

10/10/2014

Spectra Energy and Spectra Energy Partners have proposed a pipeline that would add an initial 400,000 b/d of capacity to carry crude oil from growing supply areas in the US West to the Midwest and Gulf Coast.

MARKET WATCH: Crude oil futures prices continue decline

10/10/2014

Crude oil markets continued a downward slide Oct. 9. Analysts with Barclays Research said in an oil market outlook Oct. 10 that prospects for global oil demand growth have weakened as of late. “As global oil demand growth shows signs of fatigue, crude oil suppliers are looking to Asia to absorb the surplus.”

Statoil finds gas northeast of Johan Castberg in Barents Sea

10/10/2014

The Norwegian Petroleum Directorate reported Statoil Petroleum AS made a natural gas discovery in the Barents Sea about 40 km northeast of the Johan Castberg oil discovery.

Pembina to expand recently completed Resthaven plant

10/10/2014

Pembina Pipeline Corp., Calgary, has entered into commercial agreements to proceed with a $170-million expansion of the company's recently completed 200-MMcfd Resthaven facility. The company also will build, own, and operate a new gas gathering pipeline that will deliver gas into the facility.

Yinka-led group takes FID on Aje oil field offshore Nigeria

10/10/2014

A group led by Lagos-based independent Yinka Folawiyo Petroleum Co. Ltd. have taken a final investment decision on developing the $220-million first phase of the Aje shallow-water oil field offshore western Nigeria.

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