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GeoPark reports oil discovery on Campanario block in Chile

07/01/2014

GeoPark Holdings Ltd. has reported an oil discovery on its newly acquired Campanario block in Tierra del Fuego, Chile.

More Mumbai High (North) development due

07/01/2014

Oil & Natural Gas Corp. will install five wellhead platforms and drill 52 wells and 24 sidetrack wells in a third phase of redevelopoment of Mumbai High (North) oil field offshore western India.

PDVSA lets contract for Puerto La Cruz refinery project

07/01/2014

Petroleos de Venezuela SA (PDVSA) has let a contract to a consortium led by Hyundai Engineering & Construction Co. Ltd. for the expansion and modernization of its 190,000-b/d Puerto La Cruz refinery in eastern Venezuela.

Fatal gas line blast in India investigated

07/01/2014

GAIL (India) Ltd. and the Indian government are investigating a natural gas pipeline explosion that killed 19 persons and injured 19 in the village of Nagaram near a gas collection station in Tatipaka in Andhra Pradesh, India. The cause hasn’t been determined.

EIA: Texas, N. Dakota provided nearly half of US crude production in April

07/01/2014

Crude oil production in the US during April totaled 8.4 million b/d, with Texas and North Dakota accounting for 4 million b/d, according to data from the US Energy Information Administration's Petroleum Supply Monthly Report.

Petrobras starts extended well test at Iara

07/01/2014

Petroleo Brasileiro SA (Petrobras) has started an extended well test (EWT) in the Iara evaluation area on Block BM-S-11, 300 km offshore Brazil in 2,200 m of water.

Contracts let for Russian refinery modernization

07/01/2014

NefteGazIndustriya LLC, through a project developer, has let contracts to CB&I, Houston, to provide technology licenses and front-end engineering and design services for the modernization of its 72,000-b/d Afipsky refinery in Krasnodar, Russia.

Hawkwood acquires East Texas interests

07/01/2014

Hawkwood Energy LLC, Denver, has entered the Eagle Ford and Woodbine plays of East Texas with two acquisitions.

Premier sells interest in Indonesian block

07/01/2014

Premier Oil PLC, London, has sold the wholly owned subsidiary that holds a 41.67% equity interest in Block A, Aceh Province, in North Sumatra, Indonesia, to KrisEnergy Asia Holdings BV for after-tax consideration of $40 million plus working capital adjustments.

OMV completes sale of Bayernoil interest

07/01/2014

OMV AG has closed the sale of its 45% interest in the Bayernoil refining complex near Ingolstadt, Germany, and related businesses to Varo Energy BV.

MARKET WATCH: Oil futures prices ease; Brent stays above $112/bbl

07/01/2014

Crude oil prices for August delivery on the New York market fell for a third consecutive session on June 30, and analysts noted the front-month price reached its lowest level since June 11, which was the day before crude prices had spiked upon concerns about possible interruptions to Iraqi crude supply.

Woodside, Cheniere unit sign LNG supply deal

07/01/2014

Woodside Energy Trading Singapore has signed a binding LNG supply agreement with Cheniere Energy’s subsidiary Corpus Christi Liquefaction LLC for the purchase of 850,000 tonnes/year of LNG from the Corpus Christi LNG project when the second train at the export facility comes on stream. The facility will eventually have three trains with a combined capacity of 13.5 million tpy.

AFPM’s Drevna says more clarity needed on future condensate exports

06/30/2014

The oil and gas industry awaits greater clarification from the US Department of Commerce’s Bureau of Industry and Security (BIS), which recently issued private rulings for two companies concerning condensate specifications and possible exports.

Freeport-McMoRan completes $1.4 billion purchase of deepwater gulf assets

06/30/2014

Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., has completed its $1.4 billion acquisition of certain interests in the deepwater Gulf of Mexico from Apache Corp.

NEB okays Baffin Bay, Davis Strait survey

06/30/2014

Canada’s National Energy Board has approved a 2D seismic survey in the Baffin Bay and Davis Strait.

Eni signs contract for block offshore Vietnam

06/30/2014

Eni SPA has signed a production-sharing contract with PetroVietnam for exploration of Block 122 offshore Vietnam.

Statoil: More time needed for Johan Castberg project

06/30/2014

Partners in the Johan Castberg license—Statoil ASA, Eni SPA, and Petoro—have decided to “spend more time on making the final concept selection” for the Johan Castberg project.

Leviathan partners, BG sign gas supply letter of intent

06/30/2014

Noble Energy Inc. reported the signing of a nonbinding letter of intent (LOI) between partners in the Leviathan natural gas field offshore Israel and BG International Ltd. for the supply of gas from Leviathan to BG’s existing LNG facilities in Egypt.

Linn to purchase acreage from Devon for $2.3 billion

06/30/2014

Linn Energy LLC, Houston, has agreed to acquire assets in five US operating areas from Devon Energy Corp., Oklahoma City, for $2.3 billion, effective Apr. 1.

Puma to buy InterOil’s downstream Papua New Guinea businesses

06/30/2014

Singapore-based Puma Energy Group Pte. has acquired the InterOil Corp. subsidiaries holding the company’s Papua New Guinea refining and petroleum products distribution businesses for $525.6 million.

MARKET WATCH: WTI crude posts first weekly loss in 3 weeks

06/30/2014

West Texas Intermediate crude posted its first weekly loss in 3 weeks “as the immediate threat of losing Iraqi oil supply seemed to lessen,” said analysts at Raymond James & Associates Inc.

MOL to acquire licenses in UK North Sea

06/30/2014

MOL Group has agreed to acquire interest in six licenses in the UK North Sea from Premier Oil UK Ltd. for $130 million.

Statoil reports fire at Ohio well pad now extinguished

06/30/2014

A fire reported by Statoil ASA on June 28 at the company’s Eisenbarth well pad in Monroe County, Ohio, has been extinguished.

Gore shares stage with opponent of Aussie carbon tax

06/27/2014

When governments meddle in energy markets, strange things happen—such as an appearance by Al Gore with a coal magnate at a press conference announcing opposition to carbon taxation.

Baker Hughes: US drilling rig count jumps to 1,873

06/27/2014

The US drilling rig count jumped 15 units to 1,873 rigs working during the week ended June 27, Baker Hughes Inc. reported.

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