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General Interest 2011 P1

  • Wed Jul 06 08:55:00 CDT 2011 -- North Dakota: Abraxas buys rig for Bakken drilling
    Abraxas Petroleum Corp., San Antonio, will refurbish a rotary rig it has purchased to field in the Bakken-Three Forks play in North Dakota in October 2011.
  • Tue Jun 14 11:36:00 CDT 2011 -- SandRidge Energy appoints executive vice-president
    SandRidge Energy Inc., Oklahoma City, appointed David C. Lawler to executive vice-president, operations.
  • Fri Dec 30 15:41:00 CST 2011 -- Federal court declares California LCFS unconstitutional
    A federal district court in California blocked California’s Low Carbon Fuel Standard (LCFS) after declaring the regulation unconstitutional.
  • Fri Dec 30 14:35:00 CST 2011 -- Repsol YPF to acquire Russia's Eurotek
    Repsol YPF SA said it agreed to acquire explorer Eurotek for $230 million, and will incorporate Eurotek’s assets in western Siberia into its new Russian venture with Alliance Oil Co. (OGJ Online, Dec. 22, 2011).
  • Fri Dec 30 12:49:00 CST 2011 -- MARKET WATCH: Oil makes small gains; gas price continues decline
    There were small-change gains in oil commodities Dec. 29, but front-month crude failed to rise above the $100/bbl barrier in the New York market. Natural gas prices continued to decline.
  • Fri Dec 30 10:46:00 CST 2011 -- Petroplus to shut down three refineries in January
    Petroplus Holdings AG reported Dec. 30 it will start the temporary shutdown of three of its refineries in Europe next month after lenders froze a $1 billion credit facility.
  • Thu Dec 29 12:23:00 CST 2011 -- MARKET WATCH: Energy prices drop on concerns for European economy
    Crude oil prices declined across the board Dec. 28, giving back most or more than the gains from the previous session. In New York, the front-month crude contract dropped below $100/bbl as traders worried more about the troubled European economy and less about Iran’s threats to close the Strait of Hormuz.
  • Wed Dec 28 12:58:00 CST 2011 -- MARKET WATCH: Iranian threats push crude above $101/bbl in New York market
    The front-month crude futures contract rose 1.7% to close above $101/bbl Dec. 27 in the New York market as Iran’s Vice-President Mohamed Reza Rahimi threatened to close the Strait of Hormuz if western nations sanctioned the country's oil exports in an effort to stop its nuclear program.
  • Wed Dec 28 12:49:00 CST 2011 -- Federal judge lifts BP Exploration probation
    US District Judge Ralph Beistline lifted BP Exploration (Alaska) Inc.’s probation and dismissed federal prosecutors’ arguments that a 2009 oil spill by BP violated its probation following a conviction of negligent discharge of oil for a 200,000-gal spill on the Alaskan North Slope during 2006.
  • Tue Dec 27 11:38:00 CST 2011 -- MARKET WATCH: Crude oil tests $100/bbl in New York market
    Energy prices were mixed Dec. 23, although the front-month crude contract temporarily crested $100/bbl in intraday trading on the New York market.
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Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

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