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Rosneft, PDVSA sign agreements for offshore projects

Jul 30, 2014

OAO Rosneft and Petroleos de Venezuela SA (PDVSA) have signed a cooperation agreement for offshore projects in the Rio-Caribe and Mejillones blocks, the second stage of the Mariscal Sucre gas project

Oando completes purchase of Nigeria assets from ConocoPhillips

Jul 30, 2014

Oando Energy Resources (OER), a Calgary-based subsidiary of Oando PLC, has completed its acquisition of the Nigeria upstream business of ConocoPhillips for $1.5 billion.

MARKET WATCH: Oil, product prices mixed pending US inventory report

Jul 30, 2014

Crude oil and product futures prices were mixed on the New York and London markets on July 29 as US and Europe jointly announced broader sanctions against Russian businesses in retaliation for Russia’s involvement in the ongoing unrest in Ukraine.

Hess looks to form Bakken midstream MLP

Jul 30, 2014

Hess Corp. reported that it will pursue the formation and initial public offering of a midstream master limited partnership (MLP) that would support the company’s production growth in the Bakken shale.

House approves bill to reform the Endangered Species Act

Jul 30, 2014

The US House of Representatives passed a bill that would reform the Endangered Species Act for the first time in 26 years.

API issues new standard for subsea capping stacks

Jul 30, 2014

The American Petroleum Institute has published new guidelines for the design, manufacture, and use of subsea capping stacks. The equipment is part of the oil and gas industry’s emergency preparedness in the event of a subsea spill at a wellhead, API said.

Templar Energy to acquire Granite Wash assets for $588 million

Jul 29, 2014

Templar Energy LLC, Oklahoma City, has agreed to purchase Granite Wash assets from Newfield Exploration Co., Houston, for $588 million, effective July 1. The deal is expected to close in the third quarter.

WoodMac: Wolfcamp spending could surpass that of Bakken by 2017

Jul 29, 2014

Activity in the Wolfcamp shale is expanding and, by as early as 2017, could overtake the Bakken in tight oil spending, according to analysis on the West Texas-New Mexico play from Wood Mackenzie.


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