Most Recent Stories

BP: US tops China in oil consumption growth for first time since 1999

06/16/2014

At 400,000 b/d, the US recorded the largest increment to global oil consumption in 2013, outpacing Chinese growth, 390,000 b/d, for the first time since 1999, according to BP’s 63rd annual Statistical Review of World Energy released June 16.

Explosion hits Rosneft’s Achinsk refinery

06/16/2014

Details are emerging following an explosion and subsequent fire that occurred on June 15 at OAO Rosneft’s 7 million-tonne/year Achinsk refinery in Bolshoy Uluy District, Krasnoyarsk Territory, Eastern Siberia.

Queensland oil shale plant upgrade sought

06/16/2014

Queensland Energy Resources Ltd. (QER), Brisbane, has applied for Australian government environmental approval to upgrade its demonstration oil shale processing plant at Yarwun, 15 km northwest of Gladstone, to a commercial scale plant.

Russia shuts off natural gas shipments to Ukraine

06/16/2014

Russia’s OAO Gazprom has halted shipments of natural gas to Ukraine after the collapse of negotiations over gas prices. The shutdown is the first since January 2009.

Williams to buy Access Midstream Partners

06/16/2014

Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along with limited partnership units raising its stake to 50% from Global Infrastructures Partners II for $5.995 billion cash.

KMEP to build fifth Jones Act product tanker

06/16/2014

Kinder Morgan Energy Partners LP (KMEP) has expanded its contract with General Dynamics Nassco for the design and construction of an additional 50,000 dwt LNG-conversion-ready product tanker with a cargo capacity of 330,000 bbl.

Gazprom Neft prepares for Pechora Sea drilling in Dolginskoye field

06/16/2014

JSC Gazprom Neft reported that an exploratory well drilled in Dolginskoye oil field in the Pechora Sea is planned during this year’s “ice-free” months.

Fire at ExxonMobil’s Billings refinery under investigation

06/16/2014

ExxonMobil Corp. is investigating a fire that occurred on June 13 at its 60,000-b/d refinery in Billings, Mont.

Denbury appoints senior vice-presidents

06/16/2014

Denbury Resources Inc., Plano, Tex., has named Brad Kerr as senior vice-president, planning, technology, CO2 supply, and pipelines. He succeeds Charlie Gibson, who has been appointed to the newly created position of senior vice-president, production operations.

MARKET WATCH: Crude futures prices end week higher on escalating Iraqi conflict

06/16/2014

Crude oil futures prices in New York and London closed out the week ended June 13 higher on escalating violence in Iraq.

President Energy spuds Paraguayan wildcat

06/16/2014

President Energy PLC, London, has spudded what it calls the first deep exploration well in the Paraguayan part of the Chaco basin in almost 30 years.

Blitz of Iraq puts new focus on Saudi output decisions

06/13/2014

The jihadist blitz of Iraq should quash whatever misapprehension remains that production growth in North America greatly lowers the importance of the Persian Gulf to oil markets.

Eni Norge lets contract for Goliat inspection services

06/13/2014

Eni Norge AS has entered into a framework agreement with DNV GL for inspection services for the Goliat platform in the Norwegian Barents Sea.

Investigation under way into Chinese plant explosion

06/13/2014

A joint team of local government agencies is investigating an explosion that occurred on June 9 at Sinopec Yangzi Petrochemical Co. Ltd.’s refining and petrochemical complex in Nanjing, Jiangsu Province, China.

Baker Hughes: US drilling rig count declines to 1,854

06/13/2014

The US drilling rig count dropped 6 units for the second consecutive week, settling at 1,854 rigs working during the week ended June 13, Baker Hughes Inc. reported.

Chevron to sell interests in Chad, Cameroon

06/13/2014

Chevron Corp. reported that its subsidiary Chevron Global Energy Inc. has sold its 25% nonoperated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. The sale closed June 13.

Next 5-year OCS plan to include South, Mid-Atlantic G&G data

06/13/2014

The US Department of the Interior’s next 5-year Outer Continental Shelf oil and gas program will likely include fresh geologic and geophysical (G&G) data for the South and Mid-Atlantic OCS, US Bureau of Ocean Energy Management Acting Director Walter D. Cruickshank said.

Chevron Phillips Chemical starts up 1-hexene plant

06/13/2014

Chevron Phillips Chemical Co. LP (CPC) reported the commissioning and start-up of what the company is calling the world’s largest on-purpose 1-hexene plant, situated in CPC’s Cedar Bayou chemical complex in Baytown, Tex.

MARKET WATCH: Iraqi angst sends crude prices higher in New York, London

06/13/2014

Angst over a bold military campaign by Sunni insurgents in Iraq and continued supply outages in Libya sent next-month futures prices for Brent crude above $113/bbl on June 12—the highest level this year, according to Paris-based International Energy Agency’s June Oil Market Report.

Silver Creek, PostRock form Woodford JV

06/13/2014

Silver Creek Oil & Gas LLC, Irving, Tex., and PostRock Energy Corp., Oklahoma City, have formed a joint venture covering 17,900 gross acres in the Woodford shale area of Cleveland and Pottawatomie counties in central Oklahoma.

Nova Chemicals processing Bakken ethane at Joffre plant

06/13/2014

Nova Chemicals Corp. is now processing the first barrels of ethane supplied from natural gas associated with Bakken shale oil production at its ethylene and polyethylene complex in Joffre, near Read Deer, Alta.

Eni, KMG sign Caspian exploration agreement

06/13/2014

Italy’s Eni SPA and Kazakhstan’s state-owned KazMunayGas (KMG) have signed a strategic agreement in which each company will hold 50% interest in exploration and production rights for the Isatay exploration area in the north Caspian Sea.

Indonesia: FMC lets contracts for Jangkrik umbilicals

06/12/2014

FMC Technologies Singapore Pte. Ltd., a subsidiary of FMC Technologies Inc., Houston, has let a contract to Oceaneering International Inc. for the supply of umbilicals for the Jangkrik project in the Eni SPA-operated Muara Bakau production-sharing contract area offshore Indonesia.

CGG performs seep survey in Barents Sea

06/12/2014

Robertson Geolab, the surface geochemistry arm of CGG, reported that it’s conducting a multiclient surface geochemistry survey to detect seafloor seepages of hydrocarbons in the southeastern Barents Sea.

BLM approves Noble’s eastern Nevada exploration drilling plans

06/12/2014

The US Bureau of Land Management approved Noble Energy Inc.’s plan to drill exploratory oil and gas wells in the Tabor Flats area about 4 miles northwest of Wells, Nev., BLM’s Wells field office announced.

Stay Connected