Crude oil
Invensys to build integrated refinery information system for Saudi Aramco, Total project
Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the manufacturing and infrastructure operations industries, said it signed a multi-million dollar contract to implement an integrated refinery information system (IRIS) for Saudi Aramco Total Refining & Petrochemical Co. (SATORP).
Momentive starts up new production line at Texas oilfield technology complex
The oilfield technology group (OTG) of Momentive Specialty Chemicals started up a new manufacturing production line at its facility in Brady, Texas, to provide additional resin-coated proppants to fracturing service companies and operators in the oil and gas industry.
PGI Energy acquires Texas oil, gas field
PGI Energy, through its joint venture with Home Creek Energy as operator, has acquired an oil and gas field located in Haskell County, Texas, covering five leases with 11 production wells, 2 injection wells, pumper jacks, tanks, separators, tubing, rods and well equipment.
OriginOil receives new order from MBD Energy for algae-to-oil system
OriginOil, the developer of a technology to extract oil from algae, said it recently received an increased order for a large-scale algae extraction system from MBD Energy, a leading solutions provider in the field of industrial CO2 waste management.
American Petroleum Institute CEO disappointed by US shale gas committee findings
American Petroleum Institute (API) chief executive Jack Gerard welcomed an acknowledgement from the US government subcommittee on shale gas of the economic and energy security benefits of natural gas development, but said the specific recommendations were disappointing and confusing.
El Paso Corp. to spin off E&P business in 2011
Natural gas company El Paso Corp. said Thursday that it had taken important steps related to the planned spinoff of its E&P business before year-end 2011. On Thursday, El Paso filed its initial Form 10 with the US Securities and Exchange Commission. This filing provides information about the spinoff and provides a detailed look at all aspects of the E&P business.
W&T closes deal for Shell offshore field in US Gulf, nearby gas processing plant
W&T closes deal for US Shell offshore fields, gas processing plant W&T Offshore has closed its acquisition of Shell’s 64.3% interest in the Fairway Field along with a 64.3% interest in the associated Yellowhammer gas processing plant, with an effective date of September 1, 2010.
Hestya Energy to buy German refinery, related assets from ConocoPhillips
Hestya Energy B.V. has signed an agreement to purchase the Wilhelmshaven oil refinery, tank farm and marine terminal in Germany from an affiliate of ConocoPhillips. Hestya will then restart the refinery, which has been mothballed for about two years.
US shale plays spark Q2 increase in oil, gas deals
Ongoing interest in shale acreage, deals for midstream assets and increased investments from foreign buyers in the US oil and gas industry helped drive US oil and gas mergers and acquisitions (M&A) value to $39 billion in the second quarter of 2011, according to a quarterly report from accounting firm PricewaterhouseCoopers (PwC).
IEA cuts 2011 oil demand outlook on soft economy
The International Energy Agency (IEA) opted Wednesday to lower its 2011 forecast for oil demand growth, citing high energy prices and lower-than-expected economic growth. The agency cut its demand forecast for the year by 60,000 bpd to 89.5 million bpd.
- 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
