Most Recent Stories

Chevron Canada applies with AER for 32 wells in Fox Creek area

Mon, Mar 30, 2015

Chevron Canada Resources has filed an application with Alberta Energy Regulator to drill 32 wells in the Duvernay formation in the Fox Creek area.

Tesoro launches restart of Martinez refinery following strike

Mon, Mar 30, 2015

Tesoro Corp. has launched a restart of its 166,000-b/d Golden Eagle refinery near Martinez, Calif., after an agreement was reached with a local union, ending a 52-day strike.

EIA inaugurates monthly crude-by-rail shipping information

Mon, Mar 30, 2015

The US Energy Information Administration is providing monthly data of crude oil shipments by rail for the first time. The new crude-by-rail movements will be integrated with its existing monthly petroleum supply statistics, which already include crude movements by pipeline, tanker, and barge, EIA said.

Harvest, stymied in Venezuela, eyes options

Mon, Mar 30, 2015

Citing “severe liquidity constraints brought about by the failure of the Venezuelan government to approve Harvest’s sale of its Venezuelan asset,” Harvest Natural Resources Inc. (HNR) is trying to raise funds in debt and equity markets to cover operating requirements and exploring reorganization if those efforts fail.

EIA: US oil output growth in 2014 largest in more than 100 years

Mon, Mar 30, 2015

US crude oil production, including lease condensate, increased during 2014 by 1.2 million b/d to 8.7 million b/d, the largest rise in volume since recordkeeping began in 1900, according to data from the US Energy Information Administration.

Seele named chief executive of OMV

Mon, Mar 30, 2015

Rainer Seele has been named chairman of the executive board and chief executive officer of OMV AG, effective July 1.

Mehren named head of Wintershall

Mon, Mar 30, 2015

Mario Mehren, a member of the board of executive directors of Wintershall Holding GMBH for exploration and production Russia, North Africa, and South America, has been named president of parent company BASF’s Oil & Gas Division, becoming head of Wintershall.

ExxonMobil starts production from Hadrian South in deepwater gulf

Mon, Mar 30, 2015

ExxonMobil Corp. has started production in the deepwater Gulf of Mexico from Hadrian South field, where gross output will reach 300 MMcfd of gas and 3,000 b/d of liquids.

Report tracks Saudi market defense in Asia

Mon, Mar 30, 2015

Saudi Arabia’s defense of it share of the crude oil market is most intense in Asia, where its dominance has been challenged by other exporters, points out a report by Wood Mackenzie.

API asks BOEM not to cut already-restrictive offshore leasing draft

Mon, Mar 30, 2015

The US Bureau of Ocean Energy Management’s proposed 2017-22 draft proposed federal offshore oil and gas leasing program already is too restrictive and should not be reduced further, the American Petroleum Institute said in comments submitted to the US Department of the Interior agency.

Chevron exits Cooper basin unconventional gas project

Mon, Mar 30, 2015

Chevron Corp. has pulled out of the Nappameri Trough unconventional gas project in the Cooper basin, leaving other joint venture partners Beach Energy Ltd. and Icon Energy Ltd. to go it alone.

Statoil makes eighth discovery off Tanzania

Mon, Mar 30, 2015

Statoil ASA has discovered an additional 1.0-1.8 tcf of natural gas in Block 2 off Tanzania bringing the total in-place volumes to about 22 tcf. The new Mdalasini discovery is in 2,296 m of water at the southernmost end of the block.

MARKET WATCH: Crude prices fall more than $2 on Iranian nuclear talks

Mon, Mar 30, 2015

Crude oil prices on the New York and London markets dropped more than $2/bbl on Mar. 27 and fell further during early trading on Mar. 30 as the US dollar slid and nuclear talks with Iran continued. The Friday declines ended a rally amid Saudi airstrikes in Yemen that sent New York crude to a one-month high.

Yemen: Geopolitics by proxy or more chronic civil war?

Mon, Mar 30, 2015

Do collapse of Yemen’s government and air strikes led by Saudi Arabia reflect geopolitics by proxy or chronic civil war?

Total's Donges refinery due 10-week shutdown, overhaul

Mon, Mar 30, 2015

Total SA is planning a nearly 2-month shutdown of its 220,000-b/d Donges refinery near Saint Nazaire, France, on the Loire estuary, for a complete modernization and maintenance overhaul designed to improve the plant's profitability as well as its environmental footprint.

Stay Connected