More Refining Operations News

MARKET WATCH: New front-month crude contract at 3-month low

Jan 24, 2008 The front-month crude futures price tumbled to a 3-month low below $87/bbl Jan. 23 as recession fears continued to flail the market.

Crude futures price closes at 5-week low

Jan 21, 2008 The February crude contract fell 71¢ to $90.13/bbl Jan. 17 on the New York Mercantile Exchange—its lowest closing in 5 weeks.

MARKET WATCH: Rising oil stocks push down prices

Jan 17, 2008 Energy prices continued to fall Jan. 16 after the Energy Information Administration reported a bigger-than-expected build in US crude inventories—the first gain in 9 weeks.

Continental Resources buying Williston basin properties

Jan 15, 2008 Continental Resources plans to acquire producing oil properties in North Dakota and Montana from an affiliate of Chesapeake Energy Corp. for $60 million.

SPECIAL REPORT: Association executives expect more energy legislative battles

Jan 14, 2008 When US President George W. Bush signed HR 6, the Energy Independence and Security Act, into law on Dec. 19, 2007, he called it an example of what can be accomplished when Congress and his administration worked together.

SPECIAL REPORT: Global refining capacity increases slightly in 2007

Dec 24, 2007 Worldwide in 2007, the number of refineries remained stable, while global capacity increased slightly.

OGJ Newsletter

Dec 10, 2007

SPECIAL REPORT: US independents explore ample financing options

Dec 10, 2007 Robust oil and gas prices have contributed to an abundance of capital readily available to the oil and gas industry through the public equity market, the private equity market, and bank financing.

COMPANY NEWS: OMV increases pressure to acquire Hungary’s MOL

Dec 10, 2007 Austria’s OMV AG has launched legal proceedings in the Hungarian courts to remove the barriers to acquiring MOL Rt., upping pressure on the company’s management to accept its $20.6 billion bid.

Fire shuts down second Saudi refinery

Dec 5, 2007 Fire has shut down a Saudi Arabian refinery, according to a statement by Saudi Aramco Lubricating Oil Refining Co. (Luberef). It is the second fire-related accident at an Aramco facility in a month.

CATASTROPHIC EVENT MODELING—1: How coverage has evolved for offshore storm risks

Dec 3, 2007 Modeling offshore energy risk presents a special set of design challenges. Actuarial techniques cannot be applied due to the relative infrequency of events and scarcity of historical loss data.

OGJ Newsletter

Nov 26, 2007

Chevron signs processing agreement for Piceance basin production

Nov 15, 2007 Chevron USA has entered into a long-term agreement with Enterprise Gas Processing for the gathering and treatment of natural gas produced from Chevron's Piceance basin operations in western Colorado.

Petrobras to buy Japan refinery from ExxonMobil

Nov 13, 2007 Petrobras has entered into an agreement with TonenGeneral Sekiyu Kabushiki Kaisha to buy an 87.5% interest in the Japanese company Nansei Sekiyu Kabushiki Kaisha for about $50 million.

Storm damage temporarily shuts in Buzzard platform

Nov 12, 2007 Nexen Inc. has temporarily shutdown the Buzzard platform in the North Sea after storms damaged the upper section of one of the three power generation turbine exhaust stacks.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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