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Energy Transfer Partners to acquire Sunoco Apr 30, 2012 Energy Transfer Partners LP has signed a definitive merger agreement to acquire Sunoco Inc. in a unit and cash transaction valued at $5.3 billion.
Total prepares parallel operations to stop Elgin gas leak Apr 9, 2012 A flare on the Elgin platform in the UK North Sea extinguished itself Mar. 31, and Total SA outlined plans to stop the gas leak by boarding the platform to control the well while also drilling a re...
Watching Government: Still seeking a quick fix Apr 2, 2012 The Silly Season has arrived earlier than usual in Washington—undoubtedly because gasoline prices have soared, and many members of Congress feel their constituents' pain more than usual because it'...
KMEP-Martin JV to build Permian crude-NGL rail terminal Mar 5, 2012 Kinder Morgan Energy Partners LP (KMEP) and Martin Midstream Partners LP (MMP) will develop a multicommodity rail terminal in Pecos, Tex., through a new joint venture, Pecos Valley Producer Service...
First Gulf of Mexico FPSO receiving Cascade oil Mar 2, 2012 Oil production began Feb. 25 from Cascade deepwater field into the Gulf of Mexico’s first floating production, storage, and offloading vessel, said operator Petrobras America Inc.
Watching The World: Trafigura in hot water Feb 27, 2012 Trafigura Beheer BV was in hot water last week after buying a cargo of Nile Blend crude aboard the MT Ratna Shradha, which was poised to offload at Japan's Kiire terminal, owned by JX Nippon Oil &a...
Baker Institute examines alternatives to Strait of Hormuz Feb 27, 2012 Improvements to the pipelines crossing the Arabian Peninsula would allow more of the oil produced in the Persian Gulf to avoid the Strait of Hormuz, according to a paper from Rice University's Bake...
Horizon-Talisman to develop PNG Stanley gas-condensate Feb 16, 2012 Horizon Oil Ltd., Sydney, said its board approved the final investment decision to develop a condensate recovery project at Stanley field in western Papua New Guinea subject to receiving debt finan...
Baker Institute examines alternatives to Strait of Hormuz Feb 14, 2012 Improvements to the pipelines crossing the Arabian Peninsula would allow more of the oil produced in the Persian Gulf to avoid the Strait of Hormuz, according to a paper from Rice University’s Bake...
South Sudan to construct refinery, oil line to Kenya Feb 6, 2012 The government of South Sudan, faced with alleged obstructions by Sudan, announced plans to build a refinery and pipeline aimed at transporting recently discovered crude oil to an export terminal i...