TNK-BP to develop giant Russian Arctic oil fields

TNK-BP, Russia’s third largest oil company, will accelerate development of five giant oil fields above the Arctic Circle in the Yamal-Nenets Autonomous Region in a deal said to be worth $12 billion.

Sinochem to buy Total's Cusiana, pipeline interests

Sinochem is buying Total SA’s Colombian subsidiary TEPMA BV, and the French company plans to maintain its exploration interests in Colombia.

Williston diesel-naphtha refinery proposed

Dakota Oil Processing LLC, Williston, ND, is seeking financing and permits to build a $200 million, 20,000 b/d topping refinery in Williams County 16 miles southwest of Williston to produce mainly diesel to support the Bakken oil pl... Read More >

Obama administration outlines Arctic energy policy initiatives

Obama administration officials announced a series of initiatives that they said are aimed at bringing the best available science to energy-related decisions in the Arctic. The initiatives include development of an Arctic environment... Read More >

Noble group drills sixth Levant basin gas discovery

Noble Energy Inc. said its Tanin gas discovery on the Alon A license offshore Israel contains a gross resource of .9-1.4 tcf of gas and derisks other prospects nearby.

IHS: Shale plays driving demand for oil field chemicals

The global market for oil field specialty chemicals reached nearly $16 billion in 2010 with the US and Canada accounting for 52%, which an IHS Chemical market study attributed to increasing oil and natural gas drilling activity in s... Read More >

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