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Clinton’s energy goals point toward economic hazard

Fri, Jul 31, 2015

If Hillary Clinton becomes president of the United States and implements the energy policy she’s now describing, she won’t win a second term.

Kuwait lets contracts for grassroots refinery

Fri, Jul 31, 2015

Kuwait National Petroleum Co. (KNPC) has let a series of contracts to groups of oil and gas service providers to build the planned 615,000-b/d Al-Zour refinery complex in southern Kuwait as part of the company’s Clean Fuels Project (CFP).

BHI: Overall US rig count drops slightly, but oil rigs continue rise

Fri, Jul 31, 2015

A week after jumping by its highest margin since April 2014, the overall US drilling rig count lost 2 units during the week ended July 31 to settle at 874, according to data from Baker Hughes Inc.

Nelson vows to block Murkowski’s stand-alone crude oil bill

Fri, Jul 31, 2015

The US Senate Energy and Natural Resources Committee approved Chair Lisa Murkowski’s (R-Alas.) bill to end the ban on exporting US-produced oil. But Sen. Bill Nelson (D-Fla.) immediately said he would try to block it procedurally because of the measure’s provision expanding the number of coastal states sharing federal offshore oil and gas revenue.

Athabasca’s Hangingstone SAGD project starts oil production

Fri, Jul 31, 2015

Athabasca Oil Corp. said the Hangingstone 1 steam-assisted gravity drainage (SAGD) oil sands project in Alberta started oil production in July with six well pairs converted to production.

Industry 2Q earnings, jobs dissolve amid continued oil-price slump

Fri, Jul 31, 2015

A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved production and better refining margins. However, overall earnings and spending are down, and in the case of Royal Dutch Shell PLC, conditions are resulting in job cuts.

OGUK survey shows ‘slight improvement’ in outlook in second quarter

Fri, Jul 31, 2015

The UK oil and gas industry remains fragile, but the outlook has improved in the second quarter, according to Oil & Gas UK.

Phillips, ETP, Sunoco JV to build, operate Bayou Bridge oil pipeline

Fri, Jul 31, 2015

Phillips 66, Houston; Energy Transfer Partners LP (ETP), Dallas; and Sunoco Logistics Partners LP, Philadelphia, have formed a joint venture to construct the Bayou Bridge pipeline, which will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Tex., to Lake Charles, La.

Junex spuds fifth well on Quebec’s Galt prospect

Fri, Jul 31, 2015

Junex Inc. has spudded the Galt No. 5 as a follow up to its Galt No. 4 that came in at more than 300 bo/d in January.

MARKET WATCH: Oil futures fall on strengthening dollar

Fri, Jul 31, 2015

Light, sweet crude oil prices started July 30 trading with a gain on the New York market, but prices had slipped moderately by settlement, which analysts attributed to a strengthening dollar.

MOL acquires Czech, Slovak retail assets

Fri, Jul 31, 2015

MOL Group, Budapest, completed its acquisition from Eni SPA of retail outlets in the Czech Republic and Slovakia.

FRA issues final rule to keep unattended trains from rolling away

Fri, Jul 31, 2015

The Federal Railroad Administration issued a final rule to prevent unattended trains carrying crude oil, ethanol, or other highly flammable contents from rolling away. The regulation comes more than 2 years after a parked train carrying Bakken crude rolled downhill and derailed in Lac-Megantic, Que., killing 47 people and injuring many more.

Joint venture advances plan for grassroots refinery in North Dakota

Thu, Jul 30, 2015

Quantum Energy Inc., Tempe, Ariz., and a joint-venture partner Native Son Holdings LLC (NSH), The Woodlands, Tex., have filed a minor-source air quality construction permit application with the North Dakota Health Department’s division of air quality (DAQ) for construction of the partnership’s proposed 40,000-b/d refinery in Berthold, ND.

Shell to shed Japanese refining assets

Thu, Jul 30, 2015

Royal Dutch Shell PLC has entered a deal to sell nearly all of its interest in Japanese refiner Showa Shell Sekiyu KK to Idemitsu Kosan Co. Ltd. as part of the company’s ongoing strategy to reduce its downstream refining assets. As part of the agreement, Idemitsu Kosan will buy Shell’s 33.24% majority interest in Showa Shell Sekiyu for about $1.4 billion, Shell said on July 30.

BLM seeks comments on proposed Fidelity E&P Utah oil and gas project

Thu, Jul 30, 2015

The US Bureau of Land Management is seeking public comments on Fidelity Exploration & Production Co.’s proposed oil and gas project 17 miles northwest of Moab, Utah.

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