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Deals with CNPC seen good for Russian firms

Sep 2, 2014

Russia’s recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody’s Investors Service.

Pembina signs $650 million deal to buy Vantage line, associated assets

Sep 2, 2014

Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane extraction plant (SEEP) for $650 million from certain entities affiliated with Riverstone Holdings LLC. The transaction, effective Aug. 1, is expected to close in the fourth quarter.

Gas production set to resume at In Amenas gas facilities

Sep 2, 2014

Statoil ASA and partners BP PLC and Algerian state-owned Sonatrach are set to resume “ordinary operations” at the In Amenas gas production facility of eastern Algeria near the Libyan border 19 months after it was seized by Islamic militants.

Inpex transferring 25% interest in East Malaysia deepwater block to Santos

Sep 2, 2014

Inpex Corp. is transferring 25% interest in a deepwater exploration block in East Malaysia to Santos Ltd.

Sunshine interim CEO resigns; executive chairman assumes role

Sep 2, 2014

Michael Hibberd, executive chairman of Sunshine Oilsands Ltd., Calgary, has assumed direct responsibility for all tasks and functions of chief executive officer after the company’s board accepted the resignation of David Sealock as interim president and chief executive officer.

MARKET WATCH: Crude oil prices slip on weak global demand

Sep 2, 2014

The ICE contract for Brent crude oil dropped modestly on Sept. 1 while the New York market was closed for the Labor Day holiday in the US.

Shell submits revisions to its 2015 Chukchi Sea exploration plan

Aug 29, 2014

Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. The step was necessary to preserve the option to drill its Chukchi Sea leases in 2015, but should not be seen as a final decision to drill next summer, he told OGJ in an Aug. 29 e-mail.

BLM announces California oil, gas strategy as CCST issues report

Aug 29, 2014

The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.


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