SandRidge to acquire Dynamic Offshore

SandRidge Energy Inc., Oklahoma City, will acquire private Houston independent Dynamic Offshore Resources LLC for $1.275 billion including $680 million in cash and 74 million SandRidge common shares.

Uganda, Tullow sign agreements to complete farmout deal

Uganda’s government and Tullow Oil PLC ended months of wrangling over potential tax issues by signing two new production-sharing agreements that will enable the Anglo-Irish firm to complete a $2.9 billion farmout deal with Total SA ... Read More >

Imperial to boost Cold Lake bitumen output

Imperial Oil Ltd. has approved expansion of its Cold Lake in situ oil sands project in Alberta in a $2 billion project that will boost production by more than 40,000 b/d of bitumen.

Another Kitimat LNG project receives LNG export license

Plans to export Canadian-produced natural gas as LNG moved ahead Feb. 2 when Canada’s National Energy Board approved application by BC LNG Export Cooperative LLC for a license to export LNG from Kitimat, BC, mainly to Asian markets. Read More >

CAPP outlines fracing operating practices for shale, tight gas

The Canadian Association of Petroleum Producers on Jan. 30 announced a set of hydraulic fracturing operating practices that it has adopted to improve water management and water and fluids reporting for shale gas and tight gas develo... Read More >

Frost & Sullivan: Europe's refineries face 'further turmoil'

The pending bankruptcy of refiner Petroplus is only the start of further problems for nearly 40% of the European Union’s 104 refineries now in need of refurbishment, according to a new consultancy report.

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