Repsol files for arbitration with Ecuador over oil tax
London—Spain's Repsol YPF has started legal proceedings against Ecuador in an international court over the country's windfall oil taxes and its insistence on renegotiating contracts, a company
Publication Date: JUN 2008
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Sakhalin Energy receives third test LNG cargo
Moscow—Sakhalin Energy, the operator of the Sakhalin 2 project in Russia's Far East, has received a third cargo of LNG meant for the commissioning and testing of
Publication Date: JUN 2008
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Short-covering rally boosts NYMEX July RBOB
New York—New York Mercantile Exchange July crude futures settled 36 cents higher at $136.74/barrel June 12, led back into positive territory by a short-covering rally in RBOB
Publication Date: JUN 2008
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Sinopec mobilizes to meet oil product needs
Doubling June import volumes, raising diesel output to serve farm sector
Publication Date: JUN 2008
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South Korea's KNOC to go to 300,000 boe/d
Blueprint includes float of development business after 2012
Publication Date: JUN 2008
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Suncor to expand plant
Houston—Canada's Suncor Energy will proceed with a C$120 million ($117.6 million) expansion of its ethanol plant in St. Clair, Ontario, that will double its output capacity, the
Publication Date: JUN 2008
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TNK-BP dispute heads for court, BP chief slams AAR
London—The dispute over the management of oil major TNK-BP between BP and the Russian shareholders—Alfa Group, Access Industries and Renova (AAR)—took another turn for the worse June
Publication Date: JUN 2008
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US SEC to propose new rules on reporting reserves
Washington—The staff of the US Securities and Exchange Commission announced June 12 it has prepared recommendations for updating and modernizing reserve reporting requirements for oil and gas
Publication Date: JUN 2008
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US official warns against altering ethanol mandate
Washington—US Assistant Energy Secretary Alexander Karsner told a Senate panel June 12 it would be "devastating" to the future of the ethanol industry to change the schedule
Publication Date: JUN 2008
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Vietnam hikes crude export tax to 20% from June 18
Singapore—Vietnam's Ministry of Finance has further raised its export tax on crude oil from 8% to 20%, effective June 18, in a bid to shore up government
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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Argentine crude stream set to resume output
Houston—Production of Argentina's Canadon Seco crude that was shut in following an oil workers strike in late April is set to resume June 20, a source close
Publication Date: JUN 2008
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Asian jet fuel demand set to decline on flight cutbacks
Singapore—Plans announced by several major Asia Pacific-based airlines over the past two weeks to cut back on flights because of rising fuel costs should cause jet fuel
Publication Date: JUN 2008
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Australian oil, gas output dips in March quarter
Sydney—Australia's production of oil and gas in the quarter ended March 31, dipped compared with the corresponding period of 2007 as a result of maintenance at some
Publication Date: JUN 2008
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BP blames politics for record-high oil prices
In annual review, BP says reserves able to match growing demand
Publication Date: JUN 2008
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BP's Hayward: No quick resolution to TNK-BP shareholder dispute
London—BP CEO Tony Hayward said June 11 he sees no immediate resolution of the shareholder dispute between BP and the Russian shareholders in oil major TNK-BP.
Publication Date: JUN 2008
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Barnett horizontal well re-fracs promising
Texas shale basin said one place where method works
Publication Date: JUN 2008
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Berry acquires East Texas assets for $620 million
Houston—Berry Petroleum will boost its proved reserves by 30% and increase this year's production by 19% with its $620 million acquisition of natural gas-heavy properties in East
Publication Date: JUN 2008
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Big drop in US crude stocks backs NYMEX
Low imports behind continued decline in inventories
Publication Date: JUN 2008
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Canada's Addax takes 40% in Nigerian offshore license
New York—Canadian independent Addax Petroleum said June 11 it has been awarded a 40% interest in an oil license offshore Nigeria, expanding its presence in the West
Publication Date: JUN 2008
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China's crude imports increase 14% in May
At 3.84 million b/d, volume was 25% higher than in May 2007
Publication Date: JUN 2008
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DOE Weekly Stocks Summary
DOE Weekly Stocks Summary
Publication Date: JUN 2008
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EU ties high oil price to supply, demand imbalance
London—The European Commission said June 11 it will propose a raft of coordinated measures to deal with the current high oil price, which it said is the
Publication Date: JUN 2008
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Eni declares force majeure on Nigerian Brass output
London—Italy's Eni has declared force majeure at its Brass River field in Nigeria following an oil spill, a spokeswoman confirmed June 11.
Publication Date: JUN 2008
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Gazprom eyes gas supply to Japan via Vladivostok
Moscow—Russia's Gazprom is considering shipping gas to Japan from its mainland Far Eastern region, Gazprom said in a statement.
Publication Date: JUN 2008
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Gazprom, Wintershall extend gas contract
Long-term deal to supply 500 Bcm to German firm over 35 years
Publication Date: JUN 2008
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Indonesia Donggi partners may sign gas deal in June
Kuala Lumpur, Malaysia—Indonesia's state-owned oil and gas company Pertamina and its partner Medco Energi Internasional may sign a heads of agreement with Japan's Mitsubishi this month for
Publication Date: JUN 2008
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Kazakh Zhaikmunai makes six commercial discoveries
London—UK-based Kazakh exploration and production company Zhaikmunai said June 11 it has made six commercial discoveries at its Chinarevskoye license in north-western Kazakhstan.
Publication Date: JUN 2008
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New offer threatens Grey Wolf-Basic deal
Grey Wolf shares rise on Precision Drilling interest
Publication Date: JUN 2008
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Nuon buys Dutch assets of ConocoPhillips for $690 million
London—Nuon, one of the two biggest Dutch power companies, has bought interests in 35 gas fields in the Dutch North Sea, as well as gas pipelines and
Publication Date: JUN 2008
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Pertamina eyes pipeline sales for Natuna D-Alpha
Kuala Lumpur, Malaysia—Indonesia's Pertamina may sell the gas from its Natuna D-Alpha block to Asian countries via pipeline rather than export it as LNG in tankers in
Publication Date: JUN 2008
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PetroChina bond issue target: $8.68 billion
Key projects: second West-East gas pipeline, refinery expansions, E&P
Publication Date: JUN 2008
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Platts pricescore
Platts pricescore
Publication Date: JUN 2008
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Senator Bingaman supports US purchase of crude output from Canadian oil sands
Washington—Crude oil processed from Canadian oil sands should not be subject to a US law barring the US purchase of alternative fuels with a large carbon footprint,
Publication Date: JUN 2008
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South Korea expects LNG's share of energy use to rise
Kuala Lumpur, Malaysia—South Korea's LNG demand is expected to rise by 16% by 2020, with the fuel accounting for 15.4% of the country's primary energy consumption, compared
Publication Date: JUN 2008
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Thailand's ARC turns gasoline exporter in June
Singapore—Thailand's Alliance Refinery Company is exporting up to 24,000 mt of gasoline in June despite an ongoing turnaround at one of its refineries, as weaker domestic demand
Publication Date: JUN 2008
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US energy chief to attend Saudi summit
Producers, consumers differ on underlying causes of oil price spurt
Publication Date: JUN 2008
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US product exports hold well above year ago
Led by strong shipments of distillate, resid
Publication Date: JUN 2008
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United to buy majority stake in Transmeridian
New York—Transmeridian Exploration, a US company established to buy and develop oil and gas reserves in the Caspian region, said June 11 that United Energy would buy
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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Western Australia diesel demand spikes after Varanus plant closure
Fuel sought after Apache shuts in 30% of state's gas output
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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World gas output rises 2.4% in 2007: BP
US leader in both higher use, production
Publication Date: JUN 2008
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Australia's QGC to bid for coal seam gas player Roma
Sydney—Australian coal seam gas producer Queensland Gas Company has agreed to make a friendly A$50.9 million ($48.8 million) takeover offer for Roma Petroleum, the company said in
Publication Date: JUN 2008
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Country-by-country breakdown of production (in million b/d)
Country-by-country breakdown of production (in million b/d)
Publication Date: JUN 2008
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EIA hikes 2008 WTI average price to $122/b
Agency cites 'supply uncertainties' and 'healthy demand growth'
Publication Date: JUN 2008
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Eni to buy UK North Sea Hewett gas field
To pay $414 million to UK's Tullow, convert field to storage
Publication Date: JUN 2008
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Essar Oil cranks up new Vadinar refinery
Plant operating at 250,000 b/d or 119% of installed capacity
Publication Date: JUN 2008
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Gazprom chief predicts $250/barrel crude
Natural gas price also rising fast, Miller says
Publication Date: JUN 2008
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Gazprom says considering stake in Anglo-Russian major TNK-BP
But will wait until current shareholder dispute is resolved
Publication Date: JUN 2008
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Indonesia's Kambuna could produce 114,000 Mcf/d
Singapore—The Kambuna gas field offshore North Sumatra, Indonesia, has the capacity to produce a total of 114,000 Mcf/d, field operator Serica Energy said June 9 following testing
Publication Date: JUN 2008
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Iran plans to drill at disputed Kuwaiti field
Sets work at Arash field despite no agreement on demarcation
Publication Date: JUN 2008
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Japan weighs new measures to pare impact of record-high oil prices
Kitabata slams speculative funds for pushing up crude
Publication Date: JUN 2008
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Jet fuel prices in India decline on tax cuts
But airlines are strained, with costs up 46% from early this year
Publication Date: JUN 2008
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NYMEX July crude declines $3/b after mixed supply/demand data
Contract trades in $6.15 range; weekly statistics on tap
Publication Date: JUN 2008
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Nigeria probes sale of Shell oil blocks to Oando
Lagos—The Nigerian Senate is investigating the $626 million sale of Shell's interest in two offshore oil blocks, which has sparked a row between two companies now laying
Publication Date: JUN 2008
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Nigeria signs LNG deal with Centrica, StatoilHydro, CCC
Lagos—The Nigerian federal government has signed a memorandum of understanding with UK energy group Centrica, Norway's StatoilHydro and Greece's Consolidated Contractors Company on the development of an
Publication Date: JUN 2008
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OPEC President Khelil puts oil price at $70/b without speculation
Disagrees with US' Paulson on impact of weak US dollar
Publication Date: JUN 2008
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OPEC production up 370,000 b/d in May: Platts survey
London—OPEC production recovered in May to 32.24 million b/d, an increase of 370,000 b/d from April's 31.87 million b/d, a Platts survey of OPEC and oil industry
Publication Date: JUN 2008
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Oil market tight but high prices hitting demand: IEA
London—Record oil prices are continuing to erode global demand for oil but markets are set to remain tight this year, due in part to lower than expected
Publication Date: JUN 2008
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Otto, Incremental increase gas flow from Turkey well
London—Australian oil and gas exploration minnow Otto Energy and its joint venture partner Incremental Petroleum said June 10 they have increased the flow rates from their latest
Publication Date: JUN 2008
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Pakistan's PARCO to again skip gasoline exports
Singapore—Pakistan's Pak-Arab Refinery Company will skip gasoline exports for the second-straight month in June because of strong domestic demand and reduced refinery runs, an industry source said
Publication Date: JUN 2008
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Petrobras not alone in financing deepwater subsalt finds: CEO
But Gabrielli offers little insight on shape of new PSA terms
Publication Date: JUN 2008
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Petrobras says it will join oil shale studies in US
Rio de Janeiro—Petrobras will join Oil Shale Exploration Company and Japan's Mitsui & Company to carry out viability studies on field developments in Utah for extracting oil
Publication Date: JUN 2008
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Philippines' Galoc oil to begin flowing June 16
Singapore—The Philippines' Galoc oil field is scheduled to begin production June 16 at 15,000 b/d, an official with the Philippine Department of Energy said June 10.
Publication Date: JUN 2008
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Pioneer's Ooogurk oil field in Beaufort Sea on stream
Anchorage—Pioneer Natural Resources started production June 9 at its new Ooogurk field on Alaska's North Slope, the company said in a press release. Pioneer owns 70% of
Publication Date: JUN 2008
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Quest buys Appalachian shale producer PetroEdge
Washington—US independent Quest Resource said June 10 it will acquire for about $140 million PetroEdge Resources, a private producer that owns roughly 78,000 acres of gas and
Publication Date: JUN 2008
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Saudi King to chair oil price talks June 22
Jeddah meeting aims to include more than producing, consuming countries
Publication Date: JUN 2008
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Shanghai fuel oil futures contract scales new peak
Singapore—The most actively traded August fuel oil futures contract on China's Shanghai Futures Exchange hit a new high of Yuan 5,030 ($726.9)/mt at the market's June 10
Publication Date: JUN 2008
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TPPI plans Tuban complex restart in July: sources
Singapore—Indonesia's Trans-Pacific Petrochemical Indotama plans to restart its aromatics complex at Tuban in East Java some time in July, two sources familiar with the matter said June
Publication Date: JUN 2008
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Tokyo Gas in negotiations to review LNG contract prices
Kuala Lumpur, Malaysia—Japan's Tokyo Gas Company is in talks with several LNG producers to review its contract prices for the fuel, a senior official said June 10.
Publication Date: JUN 2008
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Total puts $155 million in France's fuel fund
Paris—French oil major Total has agreed to renew its contribution to a government fund to reduce domestic fuel costs for France's poorest households this winter, a company
Publication Date: JUN 2008
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UK talks with suppliers as Shell driver strike looms
London—The British government said June 10 it is working with UK fuel suppliers to help organize contingent fuel supplies ahead of a planned, four-day strike by tanker
Publication Date: JUN 2008
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UK's Afren starts first oil production at Nigeria field
London—UK-based upstream company Afren and its Nigerian partner Amni International Petroleum Development Company said June 10 they have produced first oil from the Okoro Setu project offshore
Publication Date: JUN 2008
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US April crude import costs hit record high $96.81/b
New York—The US trade deficit climbed $4.4 billion to $60.9 billion in April as energy import costs soared, according to data released June 10 by the Department
Publication Date: JUN 2008
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US ethanol makers face higher corn costs
USDA hikes forecast as Food Before Fuel Campaign is launched
Publication Date: JUN 2008
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US gasoline use falls 5.2% on four-week average: survey
New York—US gasoline demand on a four-week moving average fell 5.2% from a year ago for the period ended June 6, marking the 17th consecutive week of
Publication Date: JUN 2008
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Valero to pay $1.65 million for Corpus Christi oil spill
Houston—Valero Refining-Texas LP has agreed to pay a $1.65 million penalty to settle federal Clean Water Act violations relating to a June 1, 2006, oil spill at
Publication Date: JUN 2008
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