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Mexico upstream bidding to start with shallow-water assets

Oct 20, 2014

Mexico plans to publish its technical bidding requirements in November, outlining logistics for the first upstream bid round, according to hydrocarbon officials visiting Houston to update the oil and gas industry on the country’s progress in opening up its assets to non-Mexican companies.

GAO sees differing crude, product price impacts with more exports

Oct 20, 2014

Removing US crude oil export restrictions would likely increase crude prices and decrease consumer fuel prices, the Government Accountability Office said in a recent report. It also called for a reexamination of the size of the US Strategic Petroleum Reserve.

MARKET WATCH: Crude oil futures end week slightly higher

Oct 20, 2014

Crude oil futures prices in New York ended the week slightly higher, but still remained below $83/bbl.

Tesoro to acquire QEP Field Services for $2.5 billion

Oct 20, 2014

Tesoro Corp. affiliate Tesoro Logistics LP has agreed to acquire QEP Resources Inc.’s wholly owned subsidiary QEP Field Services LLC (QEPFS), including its 58% partnership interests in QEP Midstream Partners LP for $2.5 billion.

Alaska asserts land claims at ANWR’s boundary

Oct 20, 2014

Alaska is seeking priority conveyance of nearly 20,000 acres of uplands at the western boundary of the Arctic National Wildlife Refuge, the state’s Department of Natural Resources reported on Oct. 17 in Anchorage. It previously requested the acreage, between the Staines and Canning rivers, under the Alaska Statehood Act and Alaska National Interest Lands Conservation Act.

API: US petroleum demand falls in September, third quarter

Oct 17, 2014

Total US petroleum deliveries, a measure of demand, averaged 18.6 million b/d last month, down 3.5% from September 2013, as stated in the latest monthly statistics from the American Petroleum Institute. For the third quarter, petroleum deliveries fell 0.9% from the same period last year.

MARKET WATCH: Crude futures prices gain some traction in New York

Oct 17, 2014

The New York Mercantile Exchange November crude oil contract gained 92¢ on Oct. 16, closing at $82.70/bbl. The December contract price rose $1.01 to $81.95/bbl.

Veresen appoints president, CEO for Jordan Cove LNG

Oct 17, 2014

Veresen Inc., Calgary, has named Elizabeth Spomer as president and chief executive officer of Jordan Cove LNG LLC and executive vice-president of Veresen.


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