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OGJ Newsletter

Aug 18, 2008

EPRINC: Cap and trade will hurt and help oil industry

Aug 18, 2008 A carbon cap and trade system and other initiatives to curb greenhouse gas (GHG) emissions will hurt the petroleum industry overall but also will create opportunities for some oil companies to cash in, said officials at Energy Policy Research Foundation Inc. (EPRINC), Washington, DC.

MARKET WATCH: Energy prices, demand continue to fall

Aug 13, 2008 Crude prices continued to tumble Aug. 12 as the US dollar strengthened amid reports of declining demand for energy.

PetroChina Sichuan awards China chemical project

Aug 12, 2008 PetroChina Sichuan has selected the Unipol polypropylene process technology from Dow for its new 450,000 tpy polypropylene facility at Chengdu, capital city of China's Sichuan province.

Riverstone to buy Gibson Energy

Aug 11, 2008 Private equity funds manager Riverstone Holdings LLC plans to acquire Gibson Energy Holdings Inc., a midstream company, from Hunting PLC.


Aug 11, 2008

Nexen updates Long Lake SAGD project progress

Aug 11, 2008 Phase 1 of the Long Lake steam-assisted gravity drainage (SAGD) and upgrading project in the Athabasca region of northern Alberta continues its ramp-up, as explained in a recent Nexen Inc. presentation.

Petroecuador looking to upgrade Esmeraldas refinery

Aug 7, 2008 Ecuador's Petroecuador, eyeing improved output from its Esmeraldas refinery, is negotiating a contract with Chiyoda for the rehabilitation and modernization of the facility, according to media reports.

Nizhnekamsk refinery upgrade progresses

Aug 6, 2008 The Nizhnekamsk refinery, 250 km from Tatarstan's capital city of Kazan, will have a refining capacity of 7 million tonnes/year following upgrade efforts currently under way (OGJ, Sept. 25, 2006, Newsletter).

MARKET WATCH: Energy prices tumble, with crude below $120/bbl

Aug 6, 2008 Energy prices continued to tumble with oil closing below $120/bbl for the first time since early May, amid indications of slower US economic growth and lack of major disruption of Gulf Coast oil and gas production.

Menzel Ledjmet East output goal is mid-2011

Aug 4, 2008 The target for first hydrocarbons production from the $1.3 billion Menzel Ledjmet East development in eastern Algeria's Berkine basin is the second quarter of 2011, said First Calgary Petroleums.

A week of falling prices

Aug 4, 2008 The biggest ever work-week fall of crude prices dropped a total $16.20 July 14-18 to $128.88/bbl, “below key price points that bulls may have needed to hold onto to continue their rally,” said analysts at Pritchard Capital Partners LLC, New Orleans.

MARKET WATCH: Crude prices fall, wiping out gains

Jul 30, 2008 Crude and petroleum product futures prices fell July 29, wiping out all gains from the previous session.

A week of falling prices

Jul 28, 2008 The biggest ever work-week fall of crude prices dropped a total $16.20 July 14-18 to $128.88/bbl.

OGJ Newsletter

Jul 28, 2008

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