Chesapeake Energy joins Goodrich in Haynesville Shale venture
At $17,000/acre, buy-in sets new benchmark price; Goodrich gains cash, rigs, expertise
Publication Date: JUN 2008
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Chinese state refiners hike June crude runs to meet product demand
Rates boosted by new Qingdao refinery, plant restarts
Publication Date: JUN 2008
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Clough wins contract for Australia's Reindeer field
Sydney—Australian engineering and construction company Clough has been awarded a A$200 million ($188 million) contract by Apache Energy for the installation of the Reindeer gas field development's
Publication Date: JUN 2008
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Crude touches new record despite Saudi signal on output
London—US crude futures jumped to a new high near $140/barrel early in the US trading day June 16, even as OPEC kingpin Saudi Arabia signaled it would
Publication Date: JUN 2008
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EU sets out policy response to high oil price
Publishes formal communication to be presented to EU Council
Publication Date: JUN 2008
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G8 finance ministers urge producers to up oil output
Tokyo—G8 finance ministers meeting in Osaka, Japan, at the weekend urged oil producing countries to increase output and boost investment to expand capacity in the longer term.
Publication Date: JUN 2008
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Gazprom to invest $30 billion/year to 2020
To support its ambitious production growth goals
Publication Date: JUN 2008
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Hong Kong looks to create oil futures market
Hong Kong—Hong Kong is looking to develop its own oil futures market as China tries to counter the effect of skyrocketing prices for the commodity, the city's
Publication Date: JUN 2008
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Iran awards Malaysia's Amona oil field deal
Tehran—Iran has awarded Malaysia's Amona a Eur1 billion ($1.53 billion) development project to raise production from the offshore Resalat oil field to 47,000 b/d by September 2011,
Publication Date: JUN 2008
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Iran's Nozari defends storing oil offshore
Says storage is 'normal,' surprised at 'negative propaganda'
Publication Date: JUN 2008
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Iraq to launch oil licensing round in July
Oil minister Shahristani says interim deals almost complete
Publication Date: JUN 2008
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JBIC signs $3.7 billion loan for Sakhalin 2
Japan to receive over 50% of LNG production
Publication Date: JUN 2008
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Japan, China close to deal on East China Sea dispute
Hong Kong—Japan and China have "agreed to accelerate talks to decide on the details" of the joint development of gas resources in parts of the East China
Publication Date: JUN 2008
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Kuwait opposition in parliament calls for crude output cut on reserves estimates
Dubai—Opposition members of parliament in Kuwait filed a bill June 15 that could effectively slash Kuwait's oil output if it is found that the Gulf state's proven
Publication Date: JUN 2008
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McCain wants federal ban on offshore leasing lifted
Washington—Senator John McCain, the presumptive Republican nominee for president, said June 16 that he would call for a lifting of the federal moratorium on offshore oil and
Publication Date: JUN 2008
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NYMEX crude hits new high, then falls sharply lower
New York—July crude futures on the New York Mercantile Exchange settled 25 cents lower at $134.61/barrel June 16 after hitting an all-time high of $139.89/b.
Publication Date: JUN 2008
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Petroplus running 'limited' operations at BRC refinery
London—Swiss-based refiner Petroplus said late June 13 that crude distillation had been suspended at its 110,000 b/d BRC refinery in Belgium following a fire in the visbreaker
Publication Date: JUN 2008
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Platts Oilgram News Selective Index: June 2, 2008 - June 13, 2008
Platts Oilgram News Selective Index: June 2, 2008 - June 13, 2008
Publication Date: JUN 2008
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Precision angles for global growth in pursuing Grey Wolf
New York—Alberta-based Precision Drilling Trust is expected to sweeten its offer for Houston-based land driller Grey Wolf, an acquisition which would be a key strategic move for
Publication Date: JUN 2008
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Qatar bank to study funding Malaysian project
Dubai—The Qatar Islamic Bank Group has signed a memorandum of understanding to study and eventually lead a consortium of banks and financial institutions to fund the construction
Publication Date: JUN 2008
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Saudi Arabia prepares for record high output
Hints that volumes could rise by another 200,000 b/d
Publication Date: JUN 2008
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Siberian Urengoy gas field poised for new output
Salzburg, Austria—Germany's Wintershall expects its joint venture with Russia's Gazprom to start commercial gas production at the Achimov formation of the Urengoy gas field in West Siberia
Publication Date: JUN 2008
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South Korea's SK Energy starts up new RFCC at Ulsan
Seoul—SK Energy, South Korea's top oil refiner, has begun commercial production at its new 60,000 b/d residue fluid catalytic cracker, company officials said June 16.
Publication Date: JUN 2008
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StatoilHydro makes big gas find at Galtvort
London—Norwegian major StatoilHydro said June 16 it has discovered up to 3 billion cubic meters (106 Bcf) of recoverable gas with its second exploration well drilled on
Publication Date: JUN 2008
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Strike-hit South Korean ports face day 4 of chaos
Seoul—South Korean ports remained paralyzed June 16 as a nationwide strike by truckers entered its fourth day with no breakthrough in negotiations over the weekend.
Publication Date: JUN 2008
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Talks on Shell UK strike fail to reach agreement, new action planned
London—Talks aimed at resolving the pay dispute that is impacting the supply of petrol and diesel to Shell forecourts in the UK ended without agreement June 16,
Publication Date: JUN 2008
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Total, CNOOC sign MOU on upstream, downstream
London—French oil major Total said June 16 it has signed a memorandum of understanding with state-run China National Offshore Oil Corporation to boost cooperation on upstream and
Publication Date: JUN 2008
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US degree days indicator through June 13
US degree days indicator through June 13
Publication Date: JUN 2008
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VeraSun delays two large ethanol plants
Cites high feedstock price, 'relatively low' ethanol price as corn hits $8
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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Ashmore bids for Petron
Singapore—SEA Refinery Holdings, a subsidiary of UK-based Ashmore Group, has offered to buy the remaining stake of 60%, or 5,625,104,487 shares, in Philippine refiner Petron for Peso
Publication Date: JUN 2008
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Contact seals purchase of Swift's New Zealand assets
Sydney—Contact Energy and its Australian parent Origin Energy have completed the NZ$110 million ($88 million) acquisition of a suite of New Zealand oil and gas operations owned
Publication Date: JUN 2008
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EU starts anti-dumping probe into US biodiesel imports
London—The European Commission June 13 launched a formal anti-dumping and anti-subsidy investigation into a surge of US biodiesel imports which are said to have hurt Europe's fast-growing
Publication Date: JUN 2008
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ExxonMobil forges ahead with plans to drill this winter at Alaska's Point Thomson
Anchorage—ExxonMobil is continuing with preparations to begin drilling this winter on a $1.3 billion gas recycling and condensate production project at the Point Thomson field on Alaska's
Publication Date: JUN 2008
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Indian group eyes $3 billion Iran spending
ONGC Videsh, Oil India, IOC to develop gas fields at Farsi block
Publication Date: JUN 2008
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Iran's NIOC drops delayed gas deal with UAE's Crescent
Tehran—The National Iranian Oil Company has decided to use natural gas produced from the offshore Salman field locally after protracted talks with UAE-based Crescent Petroleum on a
Publication Date: JUN 2008
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Korea-Italy consortium wins Russian refinery contract
Seoul—South Korea's GS Engineering & Construction has clinched a $900 million deal to build a refinery in Russia together with Italian engineering group Maire Tecnimont, GS officials
Publication Date: JUN 2008
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Neste to build biodiesel plant in Rotterdam
Singapore—Finnish oil giant Neste Oil said June 13 it is to start building an 800,000 mt/year biodiesel plant at Rotterdam in the Netherlands for completion in 2011
Publication Date: JUN 2008
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Nigeria transfers Ogoni oil fields to NNPC
President Yar'Adua welcomes Shell departure
Publication Date: JUN 2008
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Nigerian union sets new deadline over Chevron strike
Lagos—The Nigerian white collar oil union Pengassan has set a new deadline of June 18 for Chevron to meet the demands of its Nigerian employees or face
Publication Date: JUN 2008
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Norwegian investment to rise 42% in 2009
London—Investment in Norway's oil and gas sector is expected to total NOK116.9 billion ($22.3 billion) in 2009, 42% higher than the initial estimate for 2008 although lower
Publication Date: JUN 2008
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OPEC: 2008 outlook doesn't support current oil prices
London—Prospects for the remainder of this year show little support for oil prices to remain at current record levels, OPEC said June 13, noting that current crude
Publication Date: JUN 2008
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Pertamina ordered to sell stored PSC crude
BPMigas gives company 2 weeks to offload 14 million barrels
Publication Date: JUN 2008
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PetroDollars
"You've got to have an ace in the hole. A little secret that nobody knows." So goes the song popularized a few years ago by country singing
Publication Date: JUN 2008
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Petrobras details plan to make Brazil major oil product exporter
Would add 1.28 million b/d of domestic capacity
Publication Date: JUN 2008
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Petrobras finds more light oil in Brazil pre-salt
Rio de Janeiro—Brazil's Petrobras said late-June 12 that a test well drilled in the so-called Guara area of its offshore Santos Basin BM-S-9 block, with partners BG
Publication Date: JUN 2008
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Saudi Arabia mulls crude output increase
Could boost production to 10 million b/d, report says
Publication Date: JUN 2008
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Sinopec says Tahe could hold 733 million barrels
Hong Kong—Sinopec Corporation has identified 100 million mt (733 million barrels) of oil resources at acreage in the producing Tahe field in China's northwestern Tarim Basin, the
Publication Date: JUN 2008
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South Korea refiners, importers probed on LPG
Seoul—South Korea's antitrust watchdog has launched a probe into allegations the country's oil refiners and gas importers have colluded to raise domestic prices of LPG, officials said
Publication Date: JUN 2008
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South Korean truckers strike over fuel price rises
Singapore—Truck drivers under the Korea Cargo Transport Workers Union officially went on an indefinite strike June 13 to protest Seoul's lack of intervention over skyrocketing diesel prices,
Publication Date: JUN 2008
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TNK-BP's Fridman says BP chief's comments insult Russian shareholders
London—One of the key shareholders in Anglo-Russian oil major TNK-BP, Mikhail Fridman, said late June 12 he found statements made earlier that day by BP Chairman Peter
Publication Date: JUN 2008
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Tax data from key US states shows decline in motor fuel demand
Decreases linked to states' overall economic health
Publication Date: JUN 2008
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Turkey's TPAO eyes Black Sea oil prospect
First well planned for 2010, CEO touts big possible reserves
Publication Date: JUN 2008
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UK strike hits fuel supplies to Shell stations
Contingency plans in place to minimize disruption, Shell says
Publication Date: JUN 2008
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US dollar up, sending NYMEX crude off $1.88/b
New York—New York Mercantile Exchange July crude futures settled $1.88 lower at $134.86/barrel June 13, as a stronger US dollar and a report that Saudi Arabia is
Publication Date: JUN 2008
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US ethanol plants shut by floods, economics
Analysts warn corn price spike could lead to legislative action
Publication Date: JUN 2008
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US rig count rises by 15
US rig count rises by 15
Publication Date: JUN 2008
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Varanus restart firms for 'couple of months'
Alcoa to appraise tight gas field in Western Australia
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 Linc plans merger with SAPEX
Sydney—Australian coal-to-liquids company Linc Energy has agreed to take over upstream junior SAPEX, the companies said June 12.
Publication Date: JUN 2008
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Brazil OGX startup draws $3.6 billion in IPO
Offshore player, led by billionaire, has yet to drill a well
Publication Date: JUN 2008
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Canada alleges Quebec gasoline price-fixing
Charges group conspired to set prices in four local markets
Publication Date: JUN 2008
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EIA reports smaller than expected US gas storage build
Washington—The Energy Information Administration reported June 12 a build of 80 Bcf in US natural gas storage for the week ended June 6, raising nationwide stocks to
Publication Date: JUN 2008
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EU accuses E.ON, GDF of market collusion
Allege German, French companies did not sell gas on each other's market
Publication Date: JUN 2008
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ExxonMobil has new setback at Point Thomson
Anchorage—ExxonMobil's request for reconsideration of a decision to reject its proposed gas recycling and condensate production project at the Point Thomson field in Alaska has been turned
Publication Date: JUN 2008
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ExxonMobil shifts out of 'direct-serve' US retail
New York—ExxonMobil plans to "transition" out of "direct-served" retail fuel sales in the US, the company said June 12.
Publication Date: JUN 2008
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Flex LNG eyes floating plant in Papua New Guinea
Singapore—Flex LNG and UK-based Rift Oil plan to use a floating LNG production project to monetize onshore gas reserves in Papua New Guinea, Flex LNG said June
Publication Date: JUN 2008
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Gazprom, Tajikistan sign accord on gas exploration
Moscow—Russia's Gazprom and Tajikistan's government have signed an agreement covering the exploration of natural gas resources at four structures in the former Soviet republic, the gas giant
Publication Date: JUN 2008
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Global fight for energy heats up: India PM
Singh highlights competition with China for overseas oil assets
Publication Date: JUN 2008
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Grey Wolf rejects Precision, but new deal may come
New York—Grey Wolf's board of directors on June 12 spurned Alberta-based Precision Drilling Trust's surprise takeover bid, and said the company will move ahead on a previously
Publication Date: JUN 2008
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Hess makes gas discovery off Western Australia
New York—US-based Hess Corporation has made a gas discovery at Glencoe-1, the first of four exploration wells planned for its WA-390-P permit off Western Australia, the company
Publication Date: JUN 2008
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Indonesia asks oil, gas producers to raise output
Jakarta—Indonesia's President Susilo Bambang Yudhoyono has asked local oil and gas operators to increase their production to meet the nation's 2008 output target, oil minister Purnomo Yusgiantoro
Publication Date: JUN 2008
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Iran expects to start shifting stored crude 'soon'
London—The volumes of heavy Iranian crude stored on tankers off Kharg Island in the Persian Gulf are expected to start declining soon, a source at the National
Publication Date: JUN 2008
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Italy's Eni renews upstream deals with Libya's NOC
London—Italy's Eni said June 12 it has signed deals renewing six exploration and production sharing agreements with Libya's National Oil Corporation for 25 years as agreed last
Publication Date: JUN 2008
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KG gas to save India $27 billion/year in imports
Singapore—New natural gas supplies due to start flowing soon to Indian consumers from the eastern offshore fields of Reliance Industries Limited will save the country Rupees 1.14
Publication Date: JUN 2008
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Malaysia's Kikeh to hit 120,000 b/d output end-2008
Singapore—Malaysia's Kikeh field, operated by US-based Murphy Oil, is on track to reach full production of 120,000 b/d at the end of 2008, a source close to
Publication Date: JUN 2008
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Momentum builds for Saudi oil market talks
UK's Gordon Brown offers to hold follow-up summit in London
Publication Date: JUN 2008
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Nigerian militants threaten to disrupt OK-LNG project
Lagos—The leader of an armed group demanding control of oil resources in Nigeria's Niger Delta, Mujahid Dokubo-Asari, said June 12 that ethnic Ijaws would not allow the
Publication Date: JUN 2008
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Pertamina renews gasoline imports at lower premiums
Singapore—Indonesia's state-owned oil and gas company Pertamina has renewed term imports for between 10.8 million and 11.4 million barrels of 88 RON gasoline in the third quarter
Publication Date: JUN 2008
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Petrobras sees output at Tupi field of around 1 million b/d by 2020
Officials say field profitable at $35/b oil; up to 10 platforms planned
Publication Date: JUN 2008
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