More Refining Operations News

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.

SPECIAL REPORT: Sustainability reports address safety, environmental issues

Nov 12, 2007 Environmental stewardship and employee safety ranked high among issues major oil companies addressed in the lengthy, nonfinancial disclosures for 2006 that some companies call sustainability reports and others, corporate social responsibility reports.

Holly Corp. names president

Nov 6, 2007 Independent refiner Holly Corp., Dallas, has elected David L. Lamp as president.

Tethys to invest $8 million in Tajikistan

Nov 5, 2007 Tethys Petroleum Ltd., Toronto, expects to invest an initial $8 million in Tajikistan, according to company Pres. David Robson, who said the firm would begin work in Beshtentyak, Pushion, and Khoja Sartez oil and gas fields by yearend.

IFP: Oil equipment, services demand growth slows

Nov 5, 2007 Globally, oil field equipment and services have been in tight supply since 2005, but the demand growth rate is beginning to slow and may plateau in 2008, said officials at the Institut Francais du Petrole (IFP).

UK supply-security study confident about gas imports

Nov 5, 2007 The UK will have sufficient capacity in LNG terminals and natural gas pipelines to receive gas imports in the medium term, but price will determine if gas is sent to the country, a new government report concluded.

SPECIAL REPORT: World’s largest CO2 capture, EOR project planned off Dubai

Nov 5, 2007 Among the projects Dubai Petroleum has under way is a feasibility study for injecting CO2 to extract more oil from mature oil fields.

OGJ Newsletter

Nov 5, 2007

UK supply-security study confident about gas imports

Oct 29, 2007 The UK will have sufficient capacity in LNG terminals and natural gas pipelines to receive gas imports in the medium term, but price will determine if gas is sent to the country, a new government report concluded.

BPZ secures tankers, fast tracks Corvina production

Oct 25, 2007 BPZ has signed two short-term contracts with the Peruvian Navy for two tankers to transport oil earlier than slated from Corvina field on Block Z1 off northwestern Peru.

IFP: Oil equipment, services demand growth slows

Oct 23, 2007 Globally, oil field equipment and services have been in tight supply since 2005, but the demand growth rate is beginning to slow and may plateau in 2008, said officials at Institut Francais du Petrole (IFP).

Crude price rebounds then settles

Oct 15, 2007 Crude futures prices rebounded more than $10/bbl in the first 3 weeks of September to a record high of $83.90/bbl Sept. 20 on the New York Mercantile Exchange then fluctuated in a $5/bbl range below that, subsequently closing at $81.22/bbl Oct. 5.

Crude price rebounds then settles

Oct 8, 2007 Crude futures prices rebounded more than $10/bbl in the first 3 weeks of September then fluctuated in a lower $5/bbl range.

MARKET WATCH: Crude futures price slips lower

Oct 8, 2007 Front-month crude prices slipped lower Oct. 5 on the New York market as the dollar index inched up just 0.4%.

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