-- Pemex buys US goods, services with Ex-Im loans The US Export-Import Bank is providing $900 million in three long-term loan guarantees to Petroleos Mexicanos, which is applying it toward the $1 billion it is spending on US energy services and equipment.
-- MARKET WATCH Energy prices surge higher November crude futures rose, briefly touching $60/bbl Oct. 16 in New York, while gas prices surged higher by nearly 14% on expectations of more cold weather and a production cut by OPEC.
-- API: US refiners spent $8 billion to provide ULSD US refiners spent $8 billion, and pipelines and terminal operators spent hundreds of millions more to bring ultralow-sulfur diesel (ULSD) to market, an official of the American Petroleum Institute said at the group's annual meeting here.
-- Talisman to sell noncore North American assets Talisman Energy Inc. plans to sell noncore properties in North America. The predominantly nonoperated assets produce 17,000 boe/d, of which 60% is gas and 40% is oil and liquids.
-- Algeria moving forward with oil windfall profits tax Algerian Energy Minster Chakib Khelil told reporters in Algiers this weekend that he has received no comment from international oil companies regarding a windfall profits oil tax slated to take effect next year.
-- MARKET WATCH Crude prices climb; OPEC calls meeting Crude prices continued a 2-day rally Oct. 13 on the New York market with reports of reduced production by Norway and confusion over a possible 1 million b/d production cut by the Organization of Petroleum Exporting Countries.
-- Statoil introduces new Asgard Blend Statoil ASA introduced a new light, low-sulfur oil grade, Asgard Blend, based on condensate and crude from the Asgard, Kristin, and Mikkel fields in the Norwegian Sea.
-- OMV sets ambitious targets in 2010 strategy In an ambitious growth strategy, Austria's OMV AG plans to double its refining capacity from 500,000 b/d by 2010 and increase its oil and gas production to 500,000 boe/d from 320,000 boe/d.
-- MMS: GOM finds extend Lower Tertiary Trend Twelve ultradeepwater discoveries in the Gulf of Mexico extend the Lower Tertiary Trend and represent a resource that could produce oil and gas for decades to come, the US Minerals Management Service said on Oct. 10.
-- OMV closes sale of Ecuador E&P assets Austria's OMV AG has completed the sale of its 5,000 b/d Ecuadorian exploration and production assets to joint-venture partners Burlington Resources Oriente Ltd. and Perenco Ecuador Ltd., a unit of privately held French E&P firm Perenco SA.