Tue Aug 02 07:40:00 CDT 2011
-- Essar completes purchase of UK refinery Essar Energy PLC, Mumbai, has completed its purchase from Royal Dutch Shell of the Stanlow refinery near Ellesmere Port in Northwest England (OGJ Online, Mar. 29, 2011).
Tue Aug 02 09:30:00 CDT 2011
-- IPIC acquires Total SA's 48.83% stake in CEPSA Total SA sold its entire 48.83% interest in Compania Espanola de Petroleos SA (CEPSA) to Abu Dhabi's sovereign fund International Petroleum Investment Co. (IPIC) for €3.7 billion.
Thu Aug 04 07:22:00 CDT 2011
-- Baker Institute study says Iraq faces hurdles in becoming oil leader Iraq’s large oil-production potential could put it in a position to vie for leadership with Saudi Arabia in the world oil scene in the coming decades. But Baghdad and Riyadh each might have difficulty meeting rising demand for oil, according to a study released by Rice University's Baker Institute for Public Policy.
Tue Aug 09 09:15:00 CDT 2011
-- Kazakhstan: Tethys adds Doris production facility Tethys Petroleum Ltd. has boosted production capacity at its Doris oil field in western Kazakhstan to 2,000-2,500 b/d with the opening of facilities that will turn out refinery grade crude oil for better margins.
Tue Aug 09 11:06:00 CDT 2011
-- OPEC cuts oil demand forecast on weak economic news With the outlook for economic growth in the US revised downward, the Organization of Petroleum Exporting Countries has cut its forecast for worldwide oil demand growth this year by 150,000 b/d.
Tue Aug 09 12:23:00 CDT 2011
-- Ecopetrol advances Barrancabermeja upgrade Ecopetrol SA has moved into the second phase of a major upgrade and expansion of its 250,000-b/sd Barrancabermeja refinery in Colombia.
Tue Aug 09 14:26:00 CDT 2011
-- Gasco lets contract for Habshan-Ruwais-Shuweihat gas line Abu Dhabi Gas Industries Ltd. (Gasco) has let a lump-sum, turnkey contract to Larsen & Toubro Ltd. for the engineering, procurement, construction, and commissioning for the 122-km Habshan-Ruwais-Shuweihat natural gas pipeline.