Australia's Vincent oil field to start mid-July
Singapore—First production from the Vincent oilfield off northwest Australia is expected to start in mid-July and Australian exploration and production company Woodside Petroleum has already sold two
Publication Date: JUN 2008
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California air board OKs plan to cut GHG emissions
San Francisco—The California Air Resources Board on June 26 issued a long-awaited draft plan to cut the state's greenhouse gas emissions which calls for boosting the use
Publication Date: JUN 2008
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Cuba said gearing up to produce jet fuel as part of new energy plan
Experts see move to wean country off imported fuel
Publication Date: JUN 2008
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Gazprom close to deal on Eni, Enel fields
To exercise option to buy majority stake in Italians' Russian assets
Publication Date: JUN 2008
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Hong Kong's Titan to sell oil trading unit
Focus will be on storage and shipyard operations
Publication Date: JUN 2008
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India finalizes its policy on commercial natural gas utilization
Government to set marketing, price for New Exploration Licensing Policy blocks
Publication Date: JUN 2008
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India's MCX to launch new energy futures exchange
Singapore—Financial Technologies of India Limited, a key owner of India's Multi Commodity Exchange, plans to launch an energy and metals exchange in Singapore next month, a source
Publication Date: JUN 2008
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India's big D6 natural gas block set to start in September
Singapore—India's giant D6 gas block in the eastern offshore Krishna Godavari Basin is expected to start production in September at a rate of 25 million cu m/d
Publication Date: JUN 2008
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Iraqi oil round to be launched June 30
First post-war round; 41 companies prequalify
Publication Date: JUN 2008
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Israel close to agreement on gas supply with Russia
Jerusalem—Israel is hoping to reach a long-term natural gas supply agreement with Russia's Gazprom within the next few months, National Infrastructure Minister Benjamin Ben-Eliezer said after talks
Publication Date: JUN 2008
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NYMEX front-month crude soars, topping $140/b
New York—Front-month crude futures on the New York Mercantile Exchange settled at an all-time high of $139.64/barrel June 26, up $5.09, in a technically driven rally, while
Publication Date: JUN 2008
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Production resumes of Canadon Seco crude
Houston—Production of the Argentine crude Canadon Seco, shut in following an oil workers strike in late April, restarted last week and is back to normal levels, a
Publication Date: JUN 2008
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Russia to launch oil products exchange in July
Moscow—Russia's Interregional Oil and Gas Exchange, together with the country's biggest oil producer Rosneft, expects to launch the first trial exchange trading of oil products in East
Publication Date: JUN 2008
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SEC proposes new rules for companies' oil, gas reserve reporting
Opens use of new technologies, 12-month pricing
Publication Date: JUN 2008
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Senate Republicans trim US energy legislation proposal
Washington—After a two-month battle over widely divergent energy proposals in the US Senate that ended in a filibuster, the chamber's Republicans June 26 unveiled a bill they
Publication Date: JUN 2008
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TNK-BP Holding sees 2007 profits fall 11% on sale of upstream unit
Company under fire from Russian shareholder consortium
Publication Date: JUN 2008
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UK oil, gas production continues decline in Q1
London—Official UK government data June 26 showed continued declines in oil and gas output and increasing dependence on imports in the first quarter of 2008, providing a
Publication Date: JUN 2008
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UK unveils $200 billion renewables strategy
To reduce dependency on oil, natural gas
Publication Date: JUN 2008
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US House nixes bill on forcing companies to surrender offshore leases
Washington—US House Democrats failed June 26 to push through a bill that would have barred oil companies from bidding on new leases if they did not produce
Publication Date: JUN 2008
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US gas inventories seen falling short of expectations
Washington—With the Energy Information Administration on June 26 reporting a 90 Bcf injection and 2.033 Tcf of natural gas in US inventories for the week ended June
Publication Date: JUN 2008
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Weekly EIA gas storage levels (Bcf)
Weekly EIA gas storage levels (Bcf)
Publication Date: JUN 2008
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What crude & natural gas markets are doing...
What crude & natural gas markets are doing...
Publication Date: JUN 2008
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Canada's Talisman hires M&A expert as CFO
New York—Large Canadian independent Talisman Energy, which has said it plans to sell up to C$2 billion ($1.98 billion) of its non-core assets, has hired merger and
Publication Date: JUN 2008
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Canada's Talisman to help Indonesia boost oil output
Jakarta—Indonesia's state-owned Pertamina has tied up with Canadian company Talisman Energy to help it use enhanced oil recovery techniques to boost output at ageing fields, a Pertamina
Publication Date: JUN 2008
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Companies submit Iraqi service contracts
Short-term deals could boost oil output by 400,000 b/d
Publication Date: JUN 2008
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Construction begins on line for Cairn Rajasthan crude
Singapore—Construction work has begun on India's first heated and insulated oil pipeline that will transport crude from Cairn's fields in the western state of Rajasthan to the
Publication Date: JUN 2008
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DOE Weekly Stocks Summary
DOE Weekly Stocks Summary
Publication Date: JUN 2008
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EIA sees $70/b average crude price by 2015
New supply to come as demand grows by more than 50%
Publication Date: JUN 2008
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El Paso to move forward with Ruby gas pipeline
Washington—El Paso is moving forward with its Ruby natural gas pipeline project in the US Northwest after it received more than 1.1 Bcf/d of binding 10- and
Publication Date: JUN 2008
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EnCana acquires Louisiana properties for $457 million
Washington—Private Indigo Minerals said June 25 it would sell about 89,500 acres of its holdings in northwest Louisiana to Calgary-based EnCana for $457 million.
Publication Date: JUN 2008
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Indonesia lawmakers to investigate government's nearly 30% increase in fuel prices
Jakarta—The Indonesian parliament has decided to use its "right to inquiry" to investigate the government's hugely unpopular decision to raise fuel prices by nearly 30% last month,
Publication Date: JUN 2008
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Italy's Saipem wins Kuwait, Angola contracts
Dubai—Italy's Saipem has been awarded two new onshore lump-sum contracts, in Kuwait and Angola, with a total value of around Eur580 million ($904.54 million), the company said
Publication Date: JUN 2008
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JBIC, banks agree to $1.5 billion loan for Pluto LNG
Tokyo—Woodside Petroleum's Pluto LNG project in Western Australia has secured a loan of up to $1.5 billion from the Japan Bank for International Cooperation and a group
Publication Date: JUN 2008
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Kurdistan awards PSCs to South Korea's KNOC
Dubai—Iraq's Kurdistan Regional Government has awarded two new production sharing contracts and farm-in interests in a number of other contract areas to state-owned Korea National Oil Corporation,
Publication Date: JUN 2008
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Kuwait to up crude output by 300,000 b/d by H2 2009
Kuwait City—Kuwait intends to increase its crude oil production by 300,000 b/d by the second half of 2009, Oil Minister Mohammed al-Olaim said June 23.
Publication Date: JUN 2008
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New Hong Kong exchange eyes fuel oil trade
Looks to provide 'transparent' market starting in 2009
Publication Date: JUN 2008
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Nigerian Okono-Okpoho oil field to restart in July
Lagos—Nigeria's 60,000 b/d Okono-Okpoho oil field is due to come back online next month after it was forced to shut last autumn following an attack by militants
Publication Date: JUN 2008
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ONGC Q1 net profit dips on subsidy burden
Higher income offset by 81% jump in fuel subsidies
Publication Date: JUN 2008
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Platts pricescore
Platts pricescore
Publication Date: JUN 2008
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Precision Drilling Trust makes 'final' takeover offer for Grey Wolf
Raises bid to $10/share for US drilling company
Publication Date: JUN 2008
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Production back to normal at Indonesia Poleng field
Jakarta—Oil and gas production at Indonesia's Poleng field offshore East Java has returned to normal after a leak in the gas pipeline disrupted operations more than two
Publication Date: JUN 2008
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Renewable diesel needs US tax credit: ConocoPhillips
Houston—A ConocoPhillips official said late June 24 its recently launched production of renewable diesel would not be economic if the US fails to approve at least a
Publication Date: JUN 2008
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Saudis foil plot to attack oil installations
Interior Ministry says 520 detained in recent months
Publication Date: JUN 2008
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Singapore's Ezra says FPSO ready for deployment at Thailand's Arthit North gas field
Singapore—Singapore-based offshore support and marine services provider Ezra Holdings said June 24 its Oslo-listed associate EOC was on schedule to take delivery of its first floating production,
Publication Date: JUN 2008
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Supreme Court overturns ExxonMobil Valdez award
Washington—The US Supreme Court on June 25 overturned a lower court's record award of $2.5 billion in punitive damages against ExxonMobil stemming from the 1989 Exxon Valdez
Publication Date: JUN 2008
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TNK-BP slammed for 'dismal' performance
Head of Russian shareholders hits out at BP's strategy
Publication Date: JUN 2008
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Taiwan set to receive first Qatari term LNG cargo
Singapore—Taiwan's state oil firm CPC Corporation is set to receive its first term LNG cargo from Qatar's RasGas II project in the first half of July, CPC
Publication Date: JUN 2008
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UK's Melrose planning Bulgarian storage facility
London—London-listed Melrose Resources said June 25 its Galata gas field in Bulgaria was "ideally suited" for conversion to a gas storage facility of up to 1.7 billion
Publication Date: JUN 2008
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US four-week oil demand off 2.3%, says EIA
NYMEX energy complex slides on weak demand readings
Publication Date: JUN 2008
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VeraSun delays third big US ethanol plant
Cites ethanol's 'deep discount' in price to gasoline
Publication Date: JUN 2008
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Weekly API/DOE Comparison
Weekly API/DOE Comparison
Publication Date: JUN 2008
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Weekly Refinery Margins ($/barrel)
Publication Date: JUN 2008
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What crude & natural gas markets are doing...
What crude & natural gas markets are doing...
Publication Date: JUN 2008
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Argentina to receive second LNG shipment
Gas shortages said to be running at 30 million cu m/d
Publication Date: JUN 2008
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BG makes hostile takeover bid for Origin
Relaunches A$13.8 billion offer
Publication Date: JUN 2008
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CNOOC and Qatargas set 2 million mt/yr LNG deal
Singapore—China National Offshore Oil Corp. has signed a Sales and Purchase Agreement to buy 2 million mt/year of LNG over 25 years from Qatargas, Qatari newspaper The
Publication Date: JUN 2008
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CNOOC starts up Xijiang 23-1 field at 31,000 b/d
Hong Kong—Chinese offshore producer CNOOC said June 24 it has started production at its new Xijiang 23-1 oil field in the South China Sea as scheduled with
Publication Date: JUN 2008
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Chevron, Gazprom Neft suspend JV work
Poor drilling results prompt companies to halt exploration
Publication Date: JUN 2008
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China's COSL silent on reports of Awilco takeover bid
Hong Kong—Chinese offshore oil field services provider China Oilfield Services June 23 downplayed media reports that it was eying a $2 billion takeover bid for Norwegian oil
Publication Date: JUN 2008
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EU, OPEC meet, disagree over causes of high oil price
Brussels—OPEC and the European Union met for high-level talks in Brussels June 24, reiterating their mutual "concern" over record oil prices but failing to agree on whether
Publication Date: JUN 2008
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FTC caution urged on US manipulation rule
Industry sees need not to 'impede' efficient market operation
Publication Date: JUN 2008
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Gazprom plans building second LNG plant in Russia's Far East
To be considered alongside Sakhalin 2 LNG expansion
Publication Date: JUN 2008
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India's ONGC opts out of Kakinada refinery project
New Delhi—India's state-run upstream giant Oil and Natural Gas Corp. and its refining arm Mangalore Refinery and Petrochemicals Ltd June 23 said they were exiting a project
Publication Date: JUN 2008
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India, Iran, Pakistan to meet on IPI gas line in July
New Delhi—Officials from India, Pakistan and Iran will meet next month in Tehran to discuss their planned $7.6 billion pipeline project to carry gas from Iran to
Publication Date: JUN 2008
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Iraq lists six more companies for 2008 licensing round
Amman, Jordan—Iraq has added six more companies, all of them national oil companies, to the list of 35 international oil companies that have qualified to bid for
Publication Date: JUN 2008
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Italian refiner Saras to spend $1.91 billion to boost diesel output
Plans to cut fuel oil production as part of four-year strategy
Publication Date: JUN 2008
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Japanese shipper 'K' Line to take stake in Flex LNG
Singapore—Japanese shipper Kawasaki Kisen Kaisha, popularly known as "K" Line, is to become a strategic investor in Flex LNG, having agreed to take a 15% stake in
Publication Date: JUN 2008
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Lukoil buys 49% of ERG's Sicily refinery
Pays $2.1 billion for stake in 320,000 b/d plant
Publication Date: JUN 2008
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NYMEX crude up slightly ahead of US weekly data
New York—August crude futures on the New York Mercantile Exchange settled 26 cents higher at $137/barrel June 24, consolidating ahead of the weekly US oil data and
Publication Date: JUN 2008
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New Zealand biofuels producers face setback over imports
Singapore—New Zealand's emerging biofuel industry seems to have hit another roadblock, with local oil companies expected to heed a government committee report released June 23, which strongly
Publication Date: JUN 2008
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Newfoundland refiner looks to restructure
Houston—The Newfoundland and Labrador Refining Corporation said June 24 that the Supreme Court of Newfoundland and Labrador has given it the green light to file a financial
Publication Date: JUN 2008
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Offshore Java LNG plant planned for Bali supply
Jakarta—Indonesia's privately held Prime Petroservices plans to build a 300,000 mt/year LNG production plant offshore Java to supply two power plants located about 400 km away in
Publication Date: JUN 2008
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Qatar's Q-Flex LNG vessel makes first US delivery
Singapore—Qatar's super-sized Q-Flex LNG vessel has made its first voyage to a US port, discharging a cargo June 22 at Cheniere Energy's newly commissioned Sabine Pass terminal
Publication Date: JUN 2008
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Russian crude export duty set to hit record high
Moscow—Russia's crude oil export duty is expected to climb to a new high of $490-$498/mt ($65.90-$67/barrel) effective for two months from August 1, following the continued increase
Publication Date: JUN 2008
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Shell restarts output at Nigeria Bonga oil field
Lagos—Shell has restarted crude oil production at its 225,000 b/d offshore Nigeria Bonga field, a company spokesman said June 24.
Publication Date: JUN 2008
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Shell, PetroChina and Qatar in refinery JV
Studying new refinery and products marketing in China
Publication Date: JUN 2008
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South Korea lifts its crude imports in May
Driven by higher demand, products exports
Publication Date: JUN 2008
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StatoilHydro restarts oil, gas output from Oseberg
London—Norwegian major StatoilHydro has restarted all of the oil and gas production from the North Sea Oseberg fields shut in by a fire earlier this month, a
Publication Date: JUN 2008
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Suncor oil sands upgrader to ramp up operations
Houston—Suncor Energy said June 24 maintenance work on one of its two oil sands upgraders is complete, and production at its Fort McMurray, Alberta, facility is expected
Publication Date: JUN 2008
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Texas reiterates call to EPA for 50% waiver from ethanol program
Washington—Texas Governor Rick Perry, a Republican, June 24 reiterated his call for the US Environmental Protection Agency to grant a 50% waiver from the federal Renewable Fuel
Publication Date: JUN 2008
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