Crude oil
Crescent Point buys North Dakota shale acreage
Crescent Point Energy has acquired approximately 750 boe/d of production and more than 78 net sections of lower-risk land in North Dakota through a pair of acquisitions. As a result of the deals, Crescent Point said it was upwardly revising its 2011 capital expenditure plans and production guidance.
Siemens opens Norway subsea technology center
Siemens invested more than €10 million in the refurbishment of a building in which new process equipment will be developed and manufactured. The new facility covering an area of 10,000 square meters will be the global research and development center for the company’s subsea oil and gas business.
Magellan Midstream to reverse Texas pipeline, take crude to Houston refineries
Magellan Midstream is proceeding with the reversal and conversion of a portion of the partnership's 18-inch Houston-to-El Paso pipeline to crude oil service. The reversed pipeline system is expected to have an initial capacity of 135,000 bpd to refiners in Houston and Texas City, supported by long-term committed volumes for a portion of this capacity.
US Gulf oil producers shut in output as storm looms
Offshore oil and gas operators in the Gulf of Mexico have begun evacuating platforms and rigs due to an area of tropical disturbance (Invest 93 L), with nearly 6% of regional oil capacity already shut in. The system is likely to strengthen into Tropical Storm Lee either late Thursday or early Friday, according to the US National Hurricane Center (NHC), packing winds of at least 40 miles/hour.
PGI Energy forms new European division to trade petroleum products in UK
PGI Energy has established a new European division, registered in London and Wales to trade petroleum products throughout the UK, the energy holding company said on Wednesday.
Fluor, NAEP awarded mine construction contract at Canada oil sands
North American Energy Partners (NAEP) has been awarded a $127 million heavy civil construction contract with Fluor Canada at Syncrude’s Base Mine. The new contract at Syncrude is the first of several large construction contracts to be let relating to the mine train relocations at Syncrude's Base and Aurora Mines.
Jacobs wins FEED phase of clean fuels, aromatics project at Ras Tanura refinery
Jacobs Engineering Group said Tuesday that it has been awarded the second phase of the clean fuels and aromatics project at the Ras Tanura refinery. This award is under the Saudi Aramco general engineering and project management services (GES+) contract.
ExxonMobil, Rosneft agree to $3.2bn Arctic oil deal
Rosneft and ExxonMobil said they have agreed to undertake joint exploration and development of hydrocarbon resources in Russia, the US and other countries throughout the world, while also beginning technology-sharing activities.
Bahamas oil terminals restart after Hurricane Irene
Buckeye Partners initiated start up procedures on Friday at BORCO, its marine terminal in the Bahamas, following the passage of Hurricane Irene. Buckeye had suspended operations at the terminal on Wednesday night as part of its preparations to secure the facility for Irene.
KBR awarded engineering design deal for BP FPSO project in UK
KBR said it received a letter of award from Hyundai Heavy Industries Co. to perform engineering design and procurement support for the BP Quad 204 floating production storage and offload (FPSO) project to be located west of Shetland Isles in UK waters.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
