Libyan rebels said they took control of the 120,000 b/d oil refinery in the western town of Zawiyah even as additional supplies of imported oil products are now reaching other rebel-held areas of the country.

PTTEP Australasia confirmed last week plans to station a floating LNG vessel in the Timor Sea to develop its gas assets.

Valero Terminaling & Distribution Co. acquired product terminals in Louisville and Lexington, Ky., from Chevron USA Inc.

Argentina opened its second LNG import terminal June 16.

Forces opposed to the rule of Libya’s leader Moammar Gadhafi said they hope to restart oil production from the war-torn North African nation in an effort to increase revenues.

Bahamas Oil Refining Co. International Ltd. (Borco), Freeport, Bahamas, has awarded a $40 million storage tank contract to CB&I, Houston.

Venezuela’s President Hugo Chavez, irked by new sanctions imposed by Washington on state-owned Petroleos de Venezuela SA, said the firm may not be able to guarantee all future shipments of oil to the US.

Velocity Midstream Partners LLC has begun building the 12-in. OD Gardendale Pipeline, which will transport light crude and condensate through Webb, Dimmit, and La Salle counties, to Velocity's Gardendale Hub and Terminal near Gardendale, Tex.

UK Prime Minister David Cameron, following reports that the Libyan government has been illicitly importing gasoline from Italy, called for tightening sanctions on oil and products against the North African country.