Crude oil
NuStar, Koch reactivate Texas pipeline to transport Eagle Ford shale to Corpus
As part of an agreement with Koch Pipeline Co., NuStar Logistics has reactivated its Pettus South Pipeline to transport Eagle Ford Shale crude oil to Corpus Christi, Texas.
Oil, natural gas drilling in US increased in Q2 - API
US oil and natural gas well drilling activity increased in the 2011 second quarter, according to a quarterly analysis released by the American Petroleum Institute (API). An estimated 10,939 oil wells, natural gas wells and dry holes were completed, up 14% from 2010’s second quarter and up 46% from 2009’s second quarter.
Apache CEO lauds hydraulic fracturing disclosure law in Texas, asks others to follow
A new hydraulic fracturing disclosure law in the state of Texas - signed by Gov. Rick Perry late on Friday - demonstrates that states and oil and gas producers can work together to increase public confidence in the industry while developing abundant and cleaner-burning natural gas resources, according to Apache Corp. CEO G. Steven Farris.
BP unveils new Gulf deepwater drilling standards
The exploration and production operations of BP (BPXP) are poised to implement a new set of deepwater oil and gas drilling standards for Gulf of Mexico operations, which they say are based on lessons learned from the Deepwater Horizon disaster in 2010.
Foster Wheeler, SOCAR form JV to build Azerbaijan oil, petchem complex
Foster Wheeler has agreed to form a jointly-owned company with the State Oil Co. of Azerbaijan Republic (SOCAR) in the Republic of Azerbaijan. SOCAR is a state-owned company engaged in the fields of oil and gas exploration, production, transportation and marketing. It intends to build an oil, gas processing and petrochemical complex in Garadag, Republic of Azerbaijan.
ConocoPhillips to spin off downstream business
ConocoPhillips’ board of directors has approved the separation of the company’s Refining & Marketing and Exploration & Production businesses into two stand-alone, publicly traded corporations via a tax-free spin of the refining and marketing business to shareholders.
Shell awards engineering contract to Wood Group for Canada oil, gas projects
IMV Projects, a Wood Group company, has been awarded a two-year frame agreement by Shell Canada to provide engineering, procurement and project management services to Shell's upstream oil & gas projects in Western Canada.
ExxonMobil Pipeline says cleanup work ongoing after Montana oil spill
ExxonMobil Pipeline Co. offered an operational update on Wednesday as Unified Command cleanup work continued following the July 1 release of oil into the Yellowstone River in Montana.
Meritage Midstream to build rich gas gathering system in Texas
Meritage Midstream Services will build a new rich gas gathering system in Webb County, Texas, including multiple downstream interconnects to allow access to markets such as the Eagle Ford shale.
API calls on Obama to restore Gulf offshore drilling, unveils study of potential job growth
Almost 190,000 new jobs could be created in 2013 if permitting in the Gulf of Mexico for offshore development returned to levels before the Obama administration’s moratorium, according to a study conducted by Quest Offshore Resources and released by the American Petroleum Institute (API).
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
