11/28/2012
-- MARKET WATCH: Oil prices decline amid economic worries Oil prices declined Nov. 27 in markets worried about the world economy although President Barack Obama says he expects Congress can agree on a framework for reducing US debt before Christmas.
11/28/2012
-- Gould named president of Athabasca Oil Corp. Bryan Gould has been named president of Athabasca Oil Corp., Calgary, in one of several executive changes at the company.
11/28/2012
-- Johnson named Connacher chief operating officer Merle Johnson has been named chief operating officer of Connacher Oil & Gas Ltd., Calgary. He has been with company since 2007.
11/28/2012
-- API sues EPA over its 2013 biomass-based diesel minimum The American Petroleum Institute sued the US Environmental Protection Agency on Nov. 26 over its final rule raising the biomass-based diesel fuel minimum for 2013 to 1.28 billion gal. EPA increased the requirement by 28% from 2012’s 1 billion gal minimum on Sept. 14.
11/28/2012
-- Abu Dhabi's TAQA to buy UK Central North Sea assets from BP Abu Dhabi National Energy Co. (TAQA) agreed to buy a package of UK Central North Sea oil and gas fields from BP PLC for $1.06 billion along with anticipated future payments that BP said could exceed $250 million over 3 years.
11/28/2012
-- Imperial Oil to acquire half of Celtic Exploration Imperial Oil Ltd. will participate as a 50% owner with ExxonMobil Canada Ltd. in the previously announced acquisition of Celtic Exploration Ltd., Calgary (OGJ Online, Oct. 17, 2012).
11/27/2012
-- Oil, gas trade groups ask Congress to shun calls for higher taxes Fourteen US oil and gas trade associations asked US congressional leaders to resist proposals to increase oil and gas taxes during the 2012 yearend lame duck session as an early step to address the looming federal fiscal crisis.
11/27/2012
-- OGX to buy stake in block offshore Brazil OGX has agreed to buy a 40% participating interest in Block BS-4 in the Santos basin offshore Brazil from Petroleo Brasileiro SA (Petrobras) for $270 million.
11/27/2012
-- MARKET WATCH: Oil, gas prices decline in uncertain market Oil and stock prices were down Nov. 26 with markets pessimistic over the apparent lack of progress on a fiscal budget in Washington, DC. Natural gas fell 4% on milder weather forecasts.
