Saudi Arabia, Total set to sign refinery deal in Jeddah
Dubai—Saudi Arabia and French major Total are expected to sign an agreement to build a 400,000 b/d refinery on the sidelines of the oil summit June 22
Publication Date: JUN 2008
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Shell shuts Bonga field off Nigeria after MEND attack
London—Nigeria's oil production difficulties worsened June 19 as Shell was forced to shut in the 225,000 b/d Bonga oil field offshore Nigeria after it was attacked overnight
Publication Date: JUN 2008
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Sinopec, AED complete JV for Timor Sea fields
Singapore—China's Sinopec International Exploration and Production has completed its purchase of a 60% stake in a joint venture set up with Australia's AED Oil by paying $561
Publication Date: JUN 2008
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Total's Canada unit extends Synenco tender deadline
New York—Total E&P Canada, a unit of French major Total, said June 19 it has extended the deadline to July 3 for shareholders of Canadian oil sands
Publication Date: JUN 2008
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US crude imports hit 9.921 million b/d in April
London—US crude imports averaged 9.921 million b/d in April, an increase of 303,000 b/d from March's upwardly revised 9.618 million b/d, according to preliminary statistics from the
Publication Date: JUN 2008
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US gas storage deficit widens with injection of 57 Bcf
New York—US storage operators injected a net 57 Bcf of natural gas in the week ended June 13, raising stocks to 1.943 Tcf, the Energy Information Administration
Publication Date: JUN 2008
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US motorists sharply reduce highway miles
April miles down 1.8%, year to date off 2.1%
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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Agbami field offshore Nigeria is due to come on stream in third quarter: Chevron
London—The Chevron-operated Agbami oil field offshore Nigeria is billed to come on stream by the third quarter of this year, a company spokeswoman said June 18.
Publication Date: JUN 2008
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Australian onshore Parsons oil field starts up
Singapore—Australia's Cooper Energy said June 18 it has begun production from the Parsons oil field located onshore in South Australia's Cooper Basin.
Publication Date: JUN 2008
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BG looks to restart India's Panna, Mukta fields soon
Singapore—BG, operator of the Panna and Mukta oil and gas fields, is readying for a partial restart this week of the production facilities offshore western India, which
Publication Date: JUN 2008
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Bush calls for offshore drilling ban repeal
Also seeks exploitation of oil shale, more ANWR drilling
Publication Date: JUN 2008
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CAPP trims Canadian oil production forecast
Projects 4.5 million b/d by 2020, of which 3.5 million b/d will be oil sands crude
Publication Date: JUN 2008
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China's oil products demand rises in May
Slowest growth rate in 8 months; refinery runs slip, imports jump
Publication Date: JUN 2008
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DOE Weekly Stocks Summary
DOE Weekly Stocks Summary
Publication Date: JUN 2008
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EC says high energy prices are here to stay
Commission head Barroso warns against tax breaks
Publication Date: JUN 2008
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Gazprom says Sakhalin LNG supplies could start in December 2008
Moscow—Russian gas giant Gazprom has not ruled out the possibility that first supplies of LNG from its Sakhalin 2 project in Russia's Far East could start in
Publication Date: JUN 2008
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Gazprom sees gas exports to Europe rising 8.8% in 2008
Moscow—Russian gas giant Gazprom expects to export a total of 163.8 billion cubic meters of natural gas to Europe in 2008, up 8.8% on the year, the
Publication Date: JUN 2008
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Gazprom, E.ON to review asset swap deal
High oil prices prompt rethink on assets involved
Publication Date: JUN 2008
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Indian refiner BPCL's Q1 net profit skids 91%
Singapore—Costly fuel subsidies dragged down net profit at India's state-owned refiner Bharat Petroleum Corporation Limited in the first quarter of this year to Rupees 584 million ($13.61
Publication Date: JUN 2008
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Indonesia's Medco Energi sells 49% stake in drill unit
Jakarta—Indonesia's publicly traded oil and gas company PT Medco Energi Internasional has sold a 48.72% stake worth $340.9 million in drilling subsidiary PT Apexindo Pratama Duta to
Publication Date: JUN 2008
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Iran preparing plans to develop 18 onshore fields
Tehran—Iran is preparing plans to develop 18 new oil and gas fields at a cost of about $3.5 billion, oil ministry news agency Shana reported June 18.
Publication Date: JUN 2008
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Iraq decides against PSCs for foreign majors
Minister says companies will have to accept Baghdad's terms
Publication Date: JUN 2008
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Japan says settles dispute with China on East China Sea
Tokyo—Japan and China have agreed to jointly develop a long-disputed gas field in the East China Sea, Japan's Foreign Minister Masahiko Komura and Economy, Trade and Industry
Publication Date: JUN 2008
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Middle East oil demand seen above Asia
Report cites faster rate of growth as China levels mature
Publication Date: JUN 2008
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NY Harbor spot ethanol price jumps on Midwest floods
Houston—Spot ethanol for June New York Harbor trade hit $3.05/gal June 18, the highest spot level seen since August 2006, market sources reported.
Publication Date: JUN 2008
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NYMEX contracts gain on US stock draws
Drops in gasoline production and demand
Publication Date: JUN 2008
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Nigeria offers amnesty to Niger Delta militants
Lagos—Nigerian Vice President Goodluck Jonathan has pledged amnesty for Niger Delta militants who are prepared to lay down arms, as Nigeria seeks to get the proposed peace
Publication Date: JUN 2008
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Nigerian panel cites problems with crude lifting contracts
Lagos—The committee of Nigeria's House of Representatives set up to probe state oil company Nigerian National Petroleum Corp has said that crude lifting contracts awarded by the
Publication Date: JUN 2008
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Petronet LNG cuts gas supply from Dahej
Compressor pump snag lowers output by 22%
Publication Date: JUN 2008
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Platts pricescore
Platts pricescore
Publication Date: JUN 2008
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Senator unveils proposals to curb speculation
Washington—US Senator Joseph Lieberman, a Connecticut Independent and head of the Homeland Security and Governmental Affairs Committee, on June 18 announced three "draft proposals" he said are
Publication Date: JUN 2008
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Shanghai hikes retail price of LPG used for vehicles
Singapore—Shanghai's municipal government has raised the retail LPG price for vehicles to help ease a city-wide shortage caused by a growing number of filling stations shutting down
Publication Date: JUN 2008
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Shell is still losing 400,000 b/d in Nigeria
Hoping to sort out $850 million tax 'misunderstanding'
Publication Date: JUN 2008
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Spot trade for LNG grinds to a halt in Asia on high prices, stocks
But rich cargoes still seen heading West to East through Q3
Publication Date: JUN 2008
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US May gasoline price up, demand down
API finds erosion on higher prices, but not for diesel
Publication Date: JUN 2008
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US oil disposition, by use
US oil disposition, by use
Publication Date: JUN 2008
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US oil supply
US oil supply
Publication Date: JUN 2008
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US supply/demand balance
US supply/demand balance
Publication Date: JUN 2008
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Ukraine suspends annulment of Vanco PSA
Kiev—Ukrainian President Viktor Yushchenko has suspended indefinitely the government's controversial decision to cancel a production sharing agreement with US-based Vanco Energy, the presidential office reported June 18.
Publication Date: JUN 2008
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Weekly API/DOE Comparison
Weekly API/DOE Comparison
Publication Date: JUN 2008
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Weekly Refinery Margins ($/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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Australian opposition seeks gas pipelines audit: report
Singapore—Australia's federal opposition has sought a national audit of gas pipelines to prevent another incident like the explosion on Varanus Island off Western Australia earlier this month,
Publication Date: JUN 2008
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BP begins US Gulf Thunder Horse oil and gas output
New York—BP has begun producing and shipping crude oil and natural gas from a single well at the Thunder Horse field in the US Gulf of Mexico,
Publication Date: JUN 2008
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BP, Eni JV to spend $5 billion on Sanga Sanga CBM
Jakarta—Vico Indonesia, a 50:50 joint venture between BP and Italy's Eni, plans to spend about $5 billion until 2015 to develop coalbed methane resources at its Sanga
Publication Date: JUN 2008
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CFTC alert to possible market manipulation
But Lukken says 'asset bubble' may explain jump in commodity prices
Publication Date: JUN 2008
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Connacher may triple Montana refinery output
New York—Connacher Oil & Gas is studying whether to more than triple capacity at its Great Falls, Montana, refinery to 35,000 b/d, and should make its decision
Publication Date: JUN 2008
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Contango puts itself on sales block, stock jumps
Washington—Contango Oil & Gas stock rose 8% to $91.03/share June 17 after the Houston-based independent said it would try to sell itself, capping off six months of
Publication Date: JUN 2008
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Dolphin signs lease for Abu Dhabi gas network
Dubai—The UAE's Dolphin Energy has signed a 25-year agreement with Abu Dhabi National Oil Company to lease and operate the Eastern Gas Distribution System in Abu Dhabi,
Publication Date: JUN 2008
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Equatorial Guinea says has gas for second LNG train
London—Equatorial Guinea has enough natural gas to start up a second liquefaction train at the Punta Europa LNG facility on Bioko Island, the country's deputy oil minister,
Publication Date: JUN 2008
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Gazprom targets 4% annual crude growth
Gas giant's oil production set to double by 2020
Publication Date: JUN 2008
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Grey Wolf rejects second Precision Drilling Trust offer
New York—US land driller Grey Wolf said June 17 it has rejected Precision Drilling Trust's sweetened buyout price of $9.30/share, up from its initial $9/share offer, which
Publication Date: JUN 2008
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Indonesia's Cepu to start at a low 8,000 b/d
First oil in December but missing 20,000 b/d initial target
Publication Date: JUN 2008
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Iran objects to Saudi unilateral production increase
Tehran—A unilateral crude output increase by Saudi Arabia would be "a wrong move," Iran's new OPEC governnor Mohammed Ali Khatibi said June 17, describing world oil markets
Publication Date: JUN 2008
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Japan's Cosmo Oil to start building coker at Sakai
Tokyo—Japanese refiner Cosmo Oil plans to start construction of a 25,000 b/d delayed coker and other planned secondary units at its 80,000 b/d Sakai refinery in western
Publication Date: JUN 2008
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Lukoil sees minimal crude output growth
Only marginal increase despite healthy gains outside Russia
Publication Date: JUN 2008
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Malaysia's Petronas awards offshore block SK310 PSC
Singapore—Malaysia's Petronas has awarded a production sharing contract for block SK310 offshore Sarawak to Newfield Sarawak Malaysia, Mitsubishi Corporation and Petronas Carigali, Petronas said June 17. SK310
Publication Date: JUN 2008
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Mariner Energy makes gas find in deepwater US Gulf
Houston—Independent Mariner Energy announced a natural gas discovery at its Geauxpher prospect in the Gulf of Mexico deepwater, on a lease won more than a decade ago
Publication Date: JUN 2008
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NYMEX crude moves lower ahead of inventory data
New York—Crude futures settled 60 cents lower at $134.01/barrel on the New York Mercantile Exchange June 17, as the market continued to consolidate, albeit near historically high
Publication Date: JUN 2008
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Nigeria opens talks with Eni on transferring fields
Lagos—State-owned Nigerian National Petroleum Corporation has begun talks with Eni on taking over operatorship of some of the Italian company's small or dormant oil fields, an NNPC
Publication Date: JUN 2008
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Pertamina hopes to sign Natuna D-Alpha PSC this year
Jakarta—Pertamina expects to sign a production sharing contract with the government for the Natuna D-Alpha gas block during 2008, now that it has received official permission to
Publication Date: JUN 2008
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Philippine Petron starts sales of E10 early
Mandated deadline 2011; refiner launches product to save motorists money
Publication Date: JUN 2008
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Philippines opts not to sell Petron stake to Ashmore
Singapore—The Philippine government has decided not to offload its 40% stake in local refiner Petron as the price offered was not attractive enough for the government to
Publication Date: JUN 2008
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Poland's Grupa Lotos beefs up planned E&P spending
Warsaw—Poland's second-largest refiner, Grupa Lotos, plans to ramp up its exploration and production activities and invest Zloty 5.1 billion ($2.34 billion) in upstream oil projects by 2012,
Publication Date: JUN 2008
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Russia says cause of surge in oil prices unclear
Moscow—Russian Finance Minister Alexei Kudrin said June 17 it remained uncertain what the main driving force behind the current surge in oil prices to record levels was,
Publication Date: JUN 2008
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Russia wants 'civilized' end to TNK-BP row
Deputy PM hopes investment climate won't be damaged
Publication Date: JUN 2008
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Sempra to take 25% stake in Sunstone pipeline
Washington—Sempra will take a 25% stake in Williams' and TransCanada's proposed 1.2 Bcf/d Sunstone natural gas pipeline project, Williams said June 16.
Publication Date: JUN 2008
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Thailand's truckers want subsidies, threaten protest
Singapore—Truck operators in Thailand have threatened to launch a major protest by blocking highways leading into the capital city of Bangkok if the government fails to help
Publication Date: JUN 2008
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TransCanada moves to enter B.C. gas market
Applies for federal permit for transportation projects
Publication Date: JUN 2008
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US gasoline demand dips on 4-week average
MasterCard survey shows price-led decline of 4.3%
Publication Date: JUN 2008
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US presidential hopeful McCain calls for reform of oil futures
Looks to punish abuses, ensure transparency, protect the public
Publication Date: JUN 2008
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US' Tesoro revises hedges, to take Q2 hit
Refiner also warns of higher operating costs
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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Australia's Roc Oil plans merger with Anzon
To create independent upstream company with international holdings
Publication Date: JUN 2008
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Australia's Woollybutt resumes output at 6,000 b/d
Sydney—Production from the Woollybutt field offshore Western Australia restarted June 13 at about 6,000 b/d, part-holder Tap Oil said June 16.
Publication Date: JUN 2008
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BP makes offer to buy TNK-BP Russian stake
Russian consortium has no plan to sell; offers share swap
Publication Date: JUN 2008
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CME, NYMEX Holdings get Justice approval to merge
New York—CME Group and NYMEX Holdings have received clearance from the US Department of Justice to complete their proposed $9 billion combination without conditions, according to a
Publication Date: JUN 2008
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Canada's Addax tipped to take over Ogoni oil fields in Nigeria
Shell says still no official word on losing operatorship
Publication Date: JUN 2008
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