Crude oil
Husky purchases property from ExxonMobil Canada and moves forward with Sunrise
Husky Energy has signed a purchase and sale agreement with ExxonMobil Canada Ltd. to acquire oil and natural gas properties in Alberta and northeast British Columbia.
Eni starts major heavy oil project in Venezuela
Eni and PDVSA are working on two projects: PetroJunín, dedicated to the development of the Junín 5 Block, located in the Orinoco Oil Belt some 550 kilometers south east of Caracas, and PetroBicentenario, dedicated to the construction and operation of a refinery in the area of the existing industrial coastal complex of Jose.
Chevron to sell fuels marketing and aviation businesses in parts of the Caribbean and Central America
Chevron has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, SA, a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France.
Ivanhoe Energy’s Tamarack project marks major advance
Ivanhoe Energy has completed a major milestone towards commercial production at its Tamarack project with the submission of its regulatory application to the government of Alberta, Canada.
Statoil exercises one year option with Aker Solutions at Mongstad refinery
Statoil has exercised a one year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway.
Genesis Energy grabs a 50% interest in Cameron Highway Oil Pipeline
Genesis Energy has executed a definitive agreement to purchase Valero Energy’s indirect 50% equity interest in Cameron Highway Oil Pipeline, a partnership, for $330 million in cash.
Chavez bemoans US regulation and Citgo profitability
The human quote machine and general despot of Venezuela Hugo Chavez is once again in the news, this time for bad mouthing the Venezuelan-owned company known as Citgo.
Technip finalizes agreements with MISC and MHB
Technip has finalized its agreements with MISC Berhad and Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), two companies within Malaysia’s national oil corporation, Petroliam Nasional Berhad (Petronas), to establish their long-term collaboration.
Oil and gas reserves increased 3% in 2009
The worldwide upstream investment of 224 oil and gas companies decreased 23% to $378 billion in 2009, according to the 2010 Global Upstream Performance Review, released by oil and gas research firm IHS Herold.
Sonoro signs asphalt license agreement in Iraq
Sonoro Energy Iraq B.V. and its partner, Berkeley Petroleum Mesopotamia Asphalts Ltd., have signed an asphalt license agreement with the Al-Salah ad Din Provincial Government in the Republic of Iraq.
- BASF supports European 1,4‑butanediol supply security through increased production in Ludwigshafen 2/16
- Vitol backs proposed $3-billion LNG power plant for South Africa's Durban port 2/16
- HAMR Energy receives additional funding for low-carbon liquid fuels projects 2/16
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
