Crude oil
Sasol takes 50% stake in Canada shale project
Sasol has completed a $1.08 billion deal for a 50% stake in a western Canada shale gas project, the South Africa-based energy firm said on Friday.
DCP Midstream to buy, expand Conoco US pipeline
DCP Midstream has agreed to buy the Seaway Products Pipeline Co. from ConocoPhillips for between $750mn and $850mn, creating new natural gas liquids (NGL) transportation capacity from the US Mid-continent to Texas Gulf coast markets.
Crude oil costs rise as OPEC meeting concludes without production increase
OPEC talks broke down on Wednesday as government officials were unable to convince the cartel to raise production rates.
ExxonMobil makes three oil, gas discoveries as Gulf drilling resumes post-moratorium
ExxonMobil announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well.
BP unveils annual energy review, sees China passing US as top consumer
China became the world’s largest energy consumer in 2010, overtaking the US during a year which saw the global economic recovery drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price shocks, BP said in its annual global energy review.
Shell commits to develop new Gulf deepwater field
Shell on Wednesday announced a $2.5 billion investment to develop its major Cardamom oil and gas field in the deep waters of the Gulf of Mexico. The Cardamom project is expected to produce 50,000 bbl/day of oil equivalent (boe) at peak production and more than 140mn boe over its lifetime.
Statoil sells stake in Norway pipeline JV Gassled
Norway’s oil company Statoil ASA will sell the majority of its stake in gas transportation firm Gassled for 17.35 billion Norwegian kroner ($3.2 billion).
Oil, gas production rates climb for Texas field amid new discoveries
Universal Bioenergy said Friday that joint venture partner Progas Energy Services continues to drill in the Premont Northwest oil and gas field in Jim Wells County, Texas, where it recently discovered more oil and gas and increased well production rates in several new zones.
India refiner touts Honeywell wireless technology in FCC expansion
Hindustan Petroleum (HPCL) has implemented wireless mobile stations from Honeywell Process Solutions as part of its $200mn fluid catalytic cracking (FCC) project at its Mumbai refinery, officials said on Thursday.
Navy climbers arrest environmentalists as drilling set to begin at Arctic oil rig
An occupation team from environmental activist group Greenpeace that scaled an Arctic oil rig to prevent deepwater drilling was arrested by climbers believed to be from the Danish navy.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
