demand. PAA also is building about 45 miles of crude oil pipeline to complement its existing Mississippian Lime pipelines. The company expects the line to enter service first-quarter 2014. This project will extend PAA’s pipeline infrastructure into Logan
reform.” The firm said it expects the government to issue policies reflecting “the ..... determined by the market, with little government intervention.” Zhou expects further ..... gas, power, and oil products, with government price-setting subsiding in competitive
Reports indicating a likelihood of increased Libyan oil exports sent Brent crude oil prices sharply down on the London market during Dec. 10 trading before the Brent contract closed flat, and oil prices on the New York market climbed more than $1/bbl on expectations of another US oil inventory ...
to its Ohio management operations as the company increases its focus on the Utica shale . The company appointed J. Ross Kirtley in September as ..... and Eagle Ford. Also that month, the company appointed Mark R. Malone as vice-president
Talisman to place $2-3 billion in assets to reduce debt. This effort also included last month’s sale of a majority of the company ’s Montney shale assets for $1.5 billion (Can.). Other Talisman affiliates will retain crude transportation rights
Petroleum Corp. has named Philip H. Roberson as president. He will continue to serve as the company 's chief financial officer . Roberson took over the company ’s operations earlier this year after the passing of founder Ray Reaves. Roberson was
True Oil Co. LLC, Midland, has secured commitments totaling $500 million for equity investment in acquisition and development of Permian basin oil and gas assets.
Natural gas futures prices climbed on the New York market Dec. 9 upon anticipated strong demand for gas-fired heat, which analysts attributed to freezing temperatures across much of the US Midwest and the East Coast. The prices for crude oil and products dropped modestly in Dec. 9 trading.
Production Services Sdn. Bhd., which operates it, to Perisai Production Holdings Sdn. Bhd. for consideration worth $89.25 million, including shares in Perisai’s parent company and a 49% equity interest in SJR Marine (L) Ltd.
Pertamina first announced its intention to construct the $5 billion complex in December 2012 as part of a plan by the state-owned company to increase its share of the Indonesian petrochemical market ( OGJ Online, Dec. 18, 2012 ).