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General Interest

  1. Lukoil to sell CIRL stake to Sinopec

    Online Articles

    Tue, 15 Apr 2014

    OAO Lukoil reported plans to sell its 50% stake in Caspian Investment Resources Ltd. (CIRL) to Sinopec for about $1.2 billion. Closing is expected before yearend.

  2. Contract let for Chinese isobutane unit

    Online Articles

    Tue, 15 Apr 2014

    technology and CATOFIN catalyst to process isobutane feed for the production of 114,000 tonnes/year of isobutylene, the company said. Isobutylene will be used as a building block to produce methyl tertiary butyl ether and other downstream products

  3. Joint venture launches refinery in Kurdistan

    Online Articles

    Tue, 15 Apr 2014

    crude oil processing capacity of 11,000 b/d, which Black Diamond plans to increase by 22,000 b/d starting in May, the company said. With proved and probable reserves totaling 607 million bbl of an estimated 1.7 billion bbl of oil in place, Taq Taq

  4. Contract let for Vietnamese refinery

    Online Articles

    Mon, 14 Apr 2014

    disclosed, Foster Wheeler will design the incinerator in accordance with the CO emissions requirements of the new complex, the company said. Foster Wheeler said expects to ship the CO incinerator on a FOB basis as a single module during second-quarter 2015

  5. Seismic survey completed offshore Namibia

    Online Articles

    Mon, 14 Apr 2014

    London, said last month the Rowan Renaissance drillship had arrived in Namibia under a 3-year contract with the Spanish company and was being prepared and tested for the work. Tullow holds a 65% interest in 17,295-sq-km EL 0037. Pancontinental

  6. BP intends to divest Texas Panhandle assets

    Online Articles

    Mon, 14 Apr 2014

    intends to divest assets in the Hugoton and Panhandle West fields in Sherman and Moore counties in the Texas Panhandle. The company will retain deep rights below the base of the Brown Dolomite, it said. BP owns more than 270,000 gross acres in the two counties

  7. MARKET WATCH: Crude oil futures price trends higher at week’s end

    Online Articles

    Mon, 14 Apr 2014

    The crude oil futures contract trended higher at the close of the week ended Apr. 11.

  8. EIA: LNG shows potential as a railroad fuel

    Online Articles

    Mon, 14 Apr 2014

    Continued growth in US natural gas production and substantially lower gas prices compared with crude oil prices lead to strong potential for fueling freight locomotives with LNG, according to the US Energy Information Administration’s Annual Energy Outlook 2014 (AEO2014).

  9. Stanley gas-condensate field development approved

    Online Articles

    Mon, 14 Apr 2014

    The Papua New Guinea government has approved Horizon Oil Ltd.’s proposed $300 million development of the Stanley gas-condensate field in the country

  10. Senate leaders ask EIA for detailed look at crude export impacts

    Online Articles

    Mon, 14 Apr 2014

    US Senate Energy and Natural Resources Committee leaders asked the Energy Information Administration to conduct a more extensive analysis of possible consequences from lifting or easing the ban on exporting domestically produced crude oil.

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