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General Interest

Anadarko Petroleum Corp., Houston, has appointed Darrell Hollek as executive vice-president, operations, and Ernie Leyendecker as executive vice-president, international and deepwater exploration.

Posted: August 23, 2016, 9:01 pm

Despite recent improvements in oil prices, high levels of leverage for North American exploration and production firms will persist for the rest of the year “as cash flows remain mismatched to debt loads for most companies,” according to a recent report from Moody’s.

Posted: August 23, 2016, 5:39 pm

Statoil ASA is to acquire 70% ownership and operatorship in the P.2170 license in the UK North Sea from Jersey Oil & Gas PLC and CIECO Exploration & Production (UK) Ltd.

Posted: August 23, 2016, 5:01 pm

Valero Energy Partners LP (VEP) has agreed to acquire the terminal services business for the 135,000-b/d Meraux, La., and 100,000-b/d Three Rivers, Tex., refineries from a subsidiary of Valero Energy Corp. for $325 million. The deal is expected to close Sept. 1.

Posted: August 23, 2016, 4:44 pm

FAR Ltd., Perth, has released the results of an independent report that shows a 14% increase from calculations made in April in the contingent resources of SNE oil field offshore Senegal. The report, completed by Perth consultancy RISC Operations Pty. Ltd., has upgraded the 2C contingent recoverable resources for SNE field to 641 million bbl.

Posted: August 23, 2016, 4:35 pm

Crude oil prices fell by more than $1/bbl on the New York and London markets Aug. 22, which analysts attributed partially to a Baker Hughes Inc. report that the US rig count jumped by 10 rigs for the week ended Aug. 19 to 491 total working rigs.

Posted: August 23, 2016, 3:11 pm

T. Mitch Little has been promoted by Marathon Oil Corp., Houston, to the role of executive vice-president, operations, where he’ll oversee the firm’s resource play and conventional businesses.

Posted: August 22, 2016, 3:36 pm

The US White House Council on Environmental Quality (CEQ) issued its final guidance to federal agencies on how to consider climate-change impacts of their decisions during National Environmental Policy Act re-views. The US Chamber of Commerce and Center for LNG (CLNG) separately responded with warnings that CEQ's Aug. 2 action could create more regulatory hurdles for new transportation and other projects.

Posted: August 22, 2016, 3:01 pm

The Canadian Environmental Assessment Agency (CEAA) has concluded a public comment period on guidelines for its preparation of a federal environmental impact statement (EIS) for Kitimat Clean Ltd.'s long-planned Kitimat Clean Refinery Project (KCRP), a proposed refinery project to be built about 13 km north of Kitimat, BC (OGJ Online, Mar. 28, 2013).

Posted: August 22, 2016, 2:59 pm

Parsley Energy Inc., Austin, has agreed to acquire undeveloped acreage and producing oil and gas properties in Glasscock County, Tex., along with associated mineral and overriding royalty interests, for $400 million in cash. Expected to close on or before Oct. 4, the deal will be financed through debt and equity issuances.

Posted: August 22, 2016, 2:57 pm

Concho Resources Inc. has agreed to acquire 40,000 net acres with an average 99% working interest in the core of the Midland basin of West Texas from Reliance Energy Inc. for $1.625 billion.

Posted: August 22, 2016, 2:56 pm

The Consumer Energy Alliance launched a multistate public education campaign emphasizing the importance of new pipelines and other energy systems in keeping future retail prices low and protecting the environment.

Posted: August 22, 2016, 2:52 pm

The Western Energy Alliance has sued the US Bureau of Land Management for discontinuing quarterly onshore oil and gas lease sales.

Posted: August 22, 2016, 2:51 pm

The Western Governors Association reiterated concerns that the US Environmental Protection Agency's plan to reduce ground-level ozone limits under the National Ambient Air Quality Standard (NAAQS) will likely push parts of the West into nonattainment based on high levels of uncontrollable background ozone.

Posted: August 22, 2016, 2:50 pm

Never mind what the Republican presidential nominee said about November's election. It may matter more that investor Carl C. Icahn thinks the US Environmental Protect Agency's biofuel credits system under the Renewable Fuels Standard is what's rigged.

Posted: August 22, 2016, 2:48 pm

The US Environmental Protection Agency's Science Advisory Board (SAB) raised fresh questions on Aug. 11 as it completed its peer review of the agency's June 2015 draft of the its study on potential impacts from hydraulic fracturing for oil and gas on drinking water supplies.

Posted: August 22, 2016, 2:46 pm

Light, sweet crude oil prices for September delivery gained slightly on the New York market Aug. 19 to close at about $48.50/bbl during a week in which daily gains rose by more than $1/bbl twice but analysts generally agreed the rallies stemmed from technical trading reasons rather than oil market fundamentals.

Posted: August 22, 2016, 2:24 pm

While science has a rightful place in policy-making, too much science can do more harm than good.

Posted: August 22, 2016, 5:23 am

A dispute between disgruntled landholders in Papua New Guinea’s Hela province and the Papua New Guinea government is now nearing the end of its second week, with protesters restricting access to the Hides gas conditioning plant.

Posted: August 19, 2016, 6:01 pm

Energean Oil & Gas, Athens, has committed to submit within 6 months a development plan for deepwater Karish and Tanin natural gas and condensate fields offshore Israel, 100% interests in which it agreed to acquire.

Posted: August 19, 2016, 3:30 pm

Brent crude oil prices for October delivery rose by more than $1 on the London market Aug. 18 to close at nearly $51/bbl while light, sweet crude oil prices on the New York market rose by more than $1.40 to settle above $48/bbl.

Posted: August 19, 2016, 2:55 pm

The US Pipeline & Hazardous Materials Safety Administration issued an advisory bulletin about procedures for changing a pipeline’s status from active to abandoned for pipeline owners and operators, and federal and state pipeline safety personnel.

Posted: August 18, 2016, 6:39 pm

The Association of Oil Pipe Lines released the 2016 API-AOPL Annual Liquids Pipeline Safety Excellence Performance Report & Strategic Plan, which it developed jointly with the American Petroleum Institute.

Posted: August 18, 2016, 6:36 pm

Continental Resources Inc., Oklahoma City, has agreed to sell nonstrategic properties in North Dakota and Montana to an undisclosed buyer for $222 million.

Posted: August 18, 2016, 6:33 pm

The Massachusetts Supreme Judicial Court has prohibited ratepayer-funded natural gas capacity purchases by electric utilities. The Aug. 17 decision vacated a Department of Public Utilities Commission order giving it authority to approve electric utilities’ contracts for new gas pipeline capacity if they are in the public interest.

Posted: August 18, 2016, 5:01 pm

Total motor gasoline deliveries, a measure of consumer demand, increased 2.4% from July 2015 to average nearly 9.7 million b/d, according to data from the American Petroleum Institute. Compared with June, total motor gasoline deliveries increased 0.3%. For year-to-date, total motor gasoline deliveries increased 2.5% compared with year-to-date 2015 to a record level just above 9.3 million b/d.

Posted: August 18, 2016, 4:55 pm

The Brent crude oil price for November delivery settled above $50/bbl on the London market Aug. 17 after a weekly US government inventory showed crude oil and gasoline supplies fell more than expected.

Posted: August 18, 2016, 3:31 pm

The Alberta Energy Regulator (AER) has approved Calgary-based SemCAMS ULC, a subsidiary of SemGroup Corp., Tulsa, to build its proposed Wapiti sour gas processing plant, which would serve Montney producers in the Wapiti region of the Western Canadian Sedimentary Basin.

Posted: August 17, 2016, 8:27 pm

A proposed cap on emissions of greenhouse gases (GHGs) will limit production growth from Alberta’s oil sands and cost the provincial economy as much as $254.74 billion (Can.) during 2025-40, according to a study by the Fraser Institute.

Posted: August 17, 2016, 5:59 pm

New Guinea Energy Ltd. (NGE), Melbourne, has decided to hand back its final two petroleum exploration permits in Papua New Guinea and complete its planned transition to a listed investment company.

Posted: August 17, 2016, 5:43 pm

A large shift to tight gas production in Argentina’s Neuquen basin is being driven by pricing incentives and lower costs vs. shale gas wells. However, at current costs, only the best tight gas wells break even at the incentivized $7.50/MMbtu gas price, according to analysis from research and consultancy firm Wood Mackenzie Ltd.

Posted: August 17, 2016, 5:02 pm

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, fell 2.5 million bbl during the week ended Aug. 12 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report.

Posted: August 17, 2016, 2:59 pm

Brent crude oil prices topped $49/bbl on the London market on Aug. 16, marking the highest front-month settlement since July 4. US light, sweet crude oil price for September delivery settled above $46/bbl on the New York market on Aug. 16.

Posted: August 17, 2016, 2:54 pm

An extensive airborne survey of a previously identified methane hot spot in the US Four Corners area found that just 10% of the individual observed sources contributed half of the emissions, the National Aeronautics & Space Administration reported.

Posted: August 16, 2016, 9:52 pm

Michael L. Reger has been terminated as chief executive officer of Northern Oil & Gas Inc., Wayzata, Minn., amid a US Securities and Exchange Commission investigation of his activities outside of NOG. He also has ceased being a member of NOG’s board.

Posted: August 16, 2016, 5:49 pm

UK-based Rockhopper Exploration PLC has reported the completion of its acquisition of Beach Petroleum (Egypt) Pty. Ltd., the Egyptian subsidiary of Beach Energy Ltd., Adelaide.

Posted: August 16, 2016, 5:46 pm

Parsley Energy Inc., Austin, has agreed to acquire undeveloped acreage and producing oil and gas properties in Glasscock County, Tex., along with associated mineral and overriding royalty interests, for $400 million in cash. Expected to close on or before Oct. 4, the deal will be financed through debt and equity issuances.

Posted: August 16, 2016, 3:56 pm

The light, sweet crude oil price for September delivery climbed $1.25 on the New York market Aug. 15 to $45.74/bbl, marking the highest front-month contract price since July 15. Oil prices have gained for three consecutive sessions on both the New York and London markets.

Posted: August 16, 2016, 2:34 pm

Concho Resources Inc. has agreed to acquire 40,000 net acres with an average 99% working interest in the core of the Midland basin of West Texas from Reliance Energy Inc. for $1.625 billion.

Posted: August 15, 2016, 9:19 pm

US Sen. Lisa Murkowski, (R-Alas.), strongly urged US Bureau of Ocean Energy Management Director Abigail Ross Hopper to preserve all three oil and gas lease sales proposed for Alaska when BOEM finalizes its 2017-22 US Outer Continental Shelf program. The senator’s request came during an Aug. 12 face-to-face meeting in downtown Anchorage, as Hopper neared the end of a week-long Alaska tour.

Posted: August 15, 2016, 5:11 pm

Petroleo Brasileiro SA (Petrobras) reported a second-quarter net profit of $118 million, down 30% from last year’s net profit in the same period, largely attributed to impairment charges related to its Comperj refinery project outside Rio de Janeiro.

Posted: August 15, 2016, 5:03 pm

The American Petroleum Institute has sued the US Environmental Protection Agency, challenging the agency's final rule that imposes emissions limits for new, reconstructed, and modified oil and gas sources.

Posted: August 15, 2016, 3:53 pm

The US Environmental Protection Agency’s Science Advisory Board (SAB) raised fresh questions on Aug. 11 as it completed its peer review of the agency’s June 2015 draft of the its study on potential impacts from hydraulic fracturing for oil and gas on drinking water supplies.

Posted: August 15, 2016, 3:29 pm

Ithaca Energy Inc. has expanded its core position in the Greater Stella area of the central North Sea with four acquisitions, taking additional interest in the Vorlich discovery and operated interest in the Austen discovery.

Posted: August 15, 2016, 3:28 pm

The Independent Petroleum Association of America, American Exploration & Production Council, and 47 other US oil and gas trade associations urged the US Environmental Protection Agency to use its recent data collection request to learn more about the industry's concerns and challenges.

Posted: August 15, 2016, 3:20 pm

The National Oceanic and Atmospheric Administration Fisheries Division issued final guidance to help federal agencies predict how manmade underwater sounds potentially affect marine mammals' hearing.

Posted: August 15, 2016, 3:16 pm

The American Petroleum Institute launched a fresh advocacy campaign aimed at reforming or repealing the federal Renewable Fuels Standard. "Our campaign will focus on how higher ethanol mandates can hurt consumers, potentially raise costs, and possibly void automobile warranties," API Downstream Group Director Frank Macchiarola said.

Posted: August 15, 2016, 3:12 pm

Santos Ltd., Adelaide, has taken a $1.5-billion write-down on the value of its Gladstone LNG (GLNG) project that sources gas from coal seam gas fields in the Surat-Bowen basins to supply an LNG plant on Curtis Island near Gladstone.

Posted: August 15, 2016, 3:10 pm

The American Petroleum Institute and nine other oil and gas industry and other business trade associations asked the US Pipeline & Hazardous Material Safety Administration to clarify its role as a rail tank car safety regulator and the industry’s role in recommending and developing new standards.

Posted: August 15, 2016, 3:06 pm

The American Fuel & Petrochemical Manufacturers petitioned the US Environmental Protection Agency to move the point of obligation under the Renewable Fuel Standard to the owner of hydrocarbons at the rack, the same point at which excise taxes are collected.

Posted: August 15, 2016, 3:03 pm

Crews were attempting on Aug. 15 to board the Transocean Winner semisubmersible drilling rig, which had disconnected from the tug Alp Forward in rough seas and drifted aground Aug. 8. Weather has hampered recovery efforts.

Posted: August 15, 2016, 3:00 pm

The light, sweet crude oil price for September delivery climbed $1/bbl on the New York market Aug. 12 during the second day of an oil-price rally triggered by comments from Saudi Energy Minister Kahlid al-Falih that the kingdom might be willing to discuss production limits.

Posted: August 15, 2016, 2:45 pm

The Swiss Federal Tribunal has rejected an arbitration appeal and left intact an order that Israel pay Iran about $1.1 billion plus interest in a longstanding dispute over a crude-oil pipeline the countries built cooperatively before the Islamic Revolution of 1979.

Posted: August 12, 2016, 8:57 pm

OJSC Rosneft said its natural gas production of 33.23 billion cu m in the first half of 2016 was 6.9% higher than a year ago, but hydrocarbon liquids declined 0.1%.

Posted: August 12, 2016, 6:19 pm

The Western Governors Association reiterated concerns that the US Environmental Protection Agency’s plan to reduce ground-level ozone limits under the National Ambient Air Quality Standard (NAAQS) will likely push parts of the West into nonattainment based on high levels of uncontrollable background ozone.

Posted: August 12, 2016, 5:08 pm

Houston-based Motiva Enterprises LLC is investigating a fire that broke out in a processing unit at its 227,000-b/cd Convent refinery in St. James Parish, La.

Posted: August 12, 2016, 4:32 pm

Hunter Oil Corp. is the new name of Enhanced Oil Resources Inc., Houston, which focuses on improving recoveries at two old oil fields in New Mexico by drilling horizontal wells that can be used for later enhanced recovery.

Posted: August 12, 2016, 3:44 pm

The light, sweet crude oil price for September delivery jumped by nearly $1.80/bbl on the New York market Aug. 11 while the Brent contract for October gained nearly $2/bbl on the London market after a Saudi Arabian official suggested the Saudis would work with other producers to stabilize prices.

Posted: August 12, 2016, 3:11 pm

The Western Energy Alliance has sued the US Bureau of Land Management for discontinuing quarterly onshore oil and gas lease sales. The Aug. 11 action in US District Court for New Mexico asks that the US Department of the Interior agency be directed to abandon its current leasing schedule immediately, rescind guidance documents and instruction documents that implement it, and promptly adopt one that complies with the 1920 Mineral Leasing Act’s terms.

Posted: August 11, 2016, 8:50 pm

An undetermined amount of diesel fuel has leaked from a Transocean Ltd. semisubmersible that drifted aground in Scotland, the UK Maritime & Coastguard Agency said, adding that poor weather conditions have hampered inspections and recovery efforts.

Posted: August 11, 2016, 5:48 pm

The Consumer Energy Alliance launched a multistate public education campaign emphasizing the importance of new pipelines and other energy systems in keeping future retail prices low and protecting the environment. Pipelines for America reflects the more than 400,000-member group’s concern that despite its abundant natural resources, the nation lacks the pipelines and transmission lines required to transport energy safely to where it’s needed, CEA said.

Posted: August 11, 2016, 5:05 pm

Light, sweet crude oil prices for September delivery fell more $1/bbl on the New York market Aug. 10 on reports of increased Saudi production during July over June and an unexpected climb in the weekly US crude oil inventory, which showed commercial crude oil inventories up 1.1 million bbl.

Posted: August 11, 2016, 3:04 pm

Chesapeake Energy Corp., Oklahoma City, has agreed to pay its way out of the Barnett shale in an effort to eliminate future financial commitments in a region it deems uneconomic. The series of deals, expected to close in the third quarter, could ultimately save Chesapeake $1.9 billion.

Posted: August 11, 2016, 2:53 pm

The US Department of Energy’s Fossil Energy Office reported it will make more than $8.5 million in investments in five carbon storage research projects. The commitments reflect FEO’s objective to deploy and validate prototype carbon storage monitoring, verification, and accounting (MVA) technologies in an operational field environment, it said.

Posted: August 10, 2016, 4:21 pm

Suncor Energy Inc. is buying a 30% stake in the Rosebank project in the UK North Sea from OMV AG.

Posted: August 10, 2016, 4:17 pm

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, were up 1.1 million bbl during the week ended Aug. 5 from the previous week’s total, data from the US Energy Information Administration’s Petroleum Status Report indicates.

Posted: August 10, 2016, 4:11 pm

Light, sweet crude oil prices for September delivery fell 25¢ on Aug. 9 to settle under $43/bbl on the New York market pending release of the weekly US government report on oil and product supplies.

Posted: August 10, 2016, 3:52 pm

Keyera Corp., Calgary, has closed on its previously announced deal to acquire additional ownership interest from partner Bellatrix Exploration Ltd., also of Calgary, in the O’Chiese Nees-Ohpawganu’ck (Alder Flats) deep-cut natural gas processing plant and related pipelines in west-central Alberta.

Posted: August 9, 2016, 9:10 pm

The UK Marine Accident Investigation Branch is investigating the grounding of the Transocean Winner semisubmersible on a beach in western Isle of Lewis, Scotland.

Posted: August 9, 2016, 5:37 pm

The American Petroleum Institute launched a fresh advocacy campaign aimed at reforming or repealing the federal Renewable Fuels Standard. “Our campaign will focus on how higher ethanol mandates can hurt consumers, potentially raise costs, and possibly void automobile warranties,” API Downstream Group Director Frank Macchiarola said.

Posted: August 9, 2016, 5:02 pm

Backers of two initiatives that would limit oil and gas activity in Colorado submitted signatures to Secretary of State Wayne W. Williams’s office to place the measures before voters in the state’s Nov. 8 elections. The office has until Sept. 7 to certify whether the measures made the ballot.

Posted: August 9, 2016, 3:06 pm

Inter Pipeline Ltd., Calgary, has agreed to buy the olefinic offgas extraction and fractionation business in Canada of Williams and Williams Partners, Tulsa, for $1.35 billion (Can.) and proposes to expand into propane dehydrogenation (PDH).

Posted: August 9, 2016, 2:59 pm

Crude oil prices jumped by more than $1/bbl on both New York and London markets Aug. 8 after Qatar’s Energy Minister Mohammed bin Saleh al Sada, president of the Organization of Petroleum Exporting Countries, said the cartel will hold informal talks in September.

Posted: August 9, 2016, 2:53 pm

Mounting evidence suggests exposure to low levels of methane and other combustible gases can be catastrophic for helicopters traveling to and from offshore platforms, warned an official with the US Bureau of Safety and Environmental Enforcement.

Posted: August 8, 2016, 8:38 pm

SM Energy Co., Denver, has agreed to acquire 100% membership interest in Rock Oil Holdings LLC and its 24,783 net acres in Howard County, Tex., from private equity firm Riverstone Holdings LLC for $980 million.

Posted: August 8, 2016, 4:05 pm

The US Bureau of Land Management released a final environmental impact statement analyzing 65 oil and gas leases that were issued in the White River National Forest in Colorado from 1995 to 2012. The agency’s preferred alternative in the final EIS would cancel the 25 undeveloped leases, apply new stipulations to the remaining leases that are not currently producing, and make no or only minor adjustments for leases that are producing.

Posted: August 8, 2016, 4:00 pm

Azure Midstream Partners LP, Dallas, has completed the sale of one of its East Texas gas plants and an associated gathering line to Align Midstream Partners LP, a portfolio company of Dallas-based private equity firm Tailwater Capital LLC.

Posted: August 8, 2016, 3:26 pm

The light, sweet crude oil price for September delivery fell slightly on both the New York and London markets on Aug. 5 amid reports that some members of the Organization of Petroleum Exporting Countries want to revisit the idea of setting new production limits with non-OPEC members.

Posted: August 8, 2016, 2:57 pm

Realism with energy and climate change has lifted its battered head in, of all places, the administration of US President Barack Obama.

Posted: August 8, 2016, 2:25 pm

Eni SPA posted a second-quarter adjusted net loss of €290 million compared with an adjusted net profit of €505 million in second-quarter 2015.

Posted: August 8, 2016, 2:17 pm

Devon Energy Corp., Oklahoma City, now says it plans to add as many as 7 operated rigs to its acreage in the STACK play of Oklahoma and Delaware basin of Texas during the second half, with resulting incremental production seen in early 2017.

Posted: August 8, 2016, 2:15 pm

Houston independent ConocoPhillips Co. reported a second-quarter net loss of $1.1 billion, down from a second-quarter 2015 net loss of $179 million. Excluding special items, second-quarter adjusted earnings were a net loss of $985 million, down from second-quarter 2015 adjusted earnings of $81 million.

Posted: August 8, 2016, 2:14 pm

Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies (CCS) basis, excluding identified items, of $1.05 billion, down from $3.76 billion in second-quarter 2015. First-half earnings on a CCS basis, also excluding identified items, totaled $2.6 billion, down from $7.5 billion in the same period last year.

Posted: August 8, 2016, 2:12 pm

The American Fuel & Petrochemical Manufacturers questioned whether it would be appropriate for the US Securities and Exchange Commission to mandate disclosure requirements for environmental, social, and governance matters, particularly related to climate change, for publicly traded companies.

Posted: August 8, 2016, 2:09 pm

The National Petroleum Council has agreed to use the new approach in the US Department of Energy's 2016 Clear Path IV emergency preparedness exercise to independently track progress in implementing recommendations in its 2014 Enhancing Emergency Preparedness for Natural Disasters report and identify opportunities for continued improvement.

Posted: August 8, 2016, 2:06 pm

The US Geologic Survey has assisted India's government in discovering large, highly concentrated natural gas hydrate deposits in the Bay of Bengal. The discovery, which is the first of its kind in the Indian Ocean, could potentially be produced, the US Department of the Interior agency said.

Posted: August 8, 2016, 2:02 pm

Blowout preventers (BOP) were an initial offshore equipment focus following the 2010 Macondo deepwater oil well blowout. Lately, however, the US Bureau of Safety and Environmental Enforcement has paid growing attention to bolts.

Posted: August 8, 2016, 2:01 pm

The US Bureau of Safety and Environmental Enforcement and National Oceanic and Atmospheric Administration jointly began a study of multiple remote spill sensing systems at BSEE's Ohmsett facility in Leonardo, NJ, south of New York City on July 22.

Posted: August 8, 2016, 1:57 pm

US Department of the Interior reporting guidance to oil and gas operators may hinder the US Bureau of Land Management's ability to account for methane emissions on onshore federal leases, the Government Accountability Office warned.

Posted: August 8, 2016, 1:54 pm

The American Fuel & Petrochemical Manufacturers petitioned the US Environmental Protection Agency to move the point of obligation under the Renewable Fuel Standard to the owner of hydrocarbons at the rack, the same point at which excise taxes are collected.

Posted: August 5, 2016, 8:02 pm

Despite increases in crude-oil prices since the start of the year, employment in oil and natural gas extraction and support activities continue to decline from levels reached in the fall of 2014.

Posted: August 5, 2016, 3:39 pm

The light, sweet crude oil price for September rallied by more than $1/bbl for a second consecutive day on the New York market Aug. 4 even as analysts and bankers remained concerned about an oversupply in world oil supplies.

Posted: August 5, 2016, 3:17 pm

The National Oceanic and Atmospheric Administration Fisheries Division issued final guidance to help federal agencies predict how manmade underwater sounds potentially affect marine mammals’ hearing. NOAA will use the guidance in its assessments and authorizations of offshore activities that produce underwater noise, it said on Aug. 3.

Posted: August 4, 2016, 9:29 pm

Iranian cabinet ministers have approved a model contract under which non-Iranian companies might participate in oil and gas exploration and development.

Posted: August 4, 2016, 8:24 pm

MarEn Bakken Co. LLC—an entity jointly owned by Enbridge Energy Partners LP and Marathon Petroleum Corp.—has agreed to acquire from Energy Transfer Partners LP (ETP) and Sunoco Logistics Partners LP a 36.75% interest in the Bakken Pipeline project for $2 billion. The Bakken system includes the Dakota Access pipeline and the Energy Transfer Crude Oil (ETCO) pipeline.

Posted: August 4, 2016, 5:10 pm

EagleClaw Midstream Ventures LLC, Midland, Tex., has entered a deal to acquire Houston-based PennTex Midstream Partners LLC subsidiary PennTex Permian LLC as part of an ongoing strategy to expand gathering, compression, treating, processing, and transportation services for producers in the Permian’s Delaware basin.

Posted: August 4, 2016, 4:48 pm

A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC and an affiliate of NGP Natural Resources XI LP have formed a strategic joint venture to operate and expand midstream assets for natural gas, NGLs, and crude oil in the liquids-rich Delaware basin.

Posted: August 4, 2016, 3:43 pm

The light, sweet crude oil price for September rallied by more than $1/bbl on the New York market Aug. 3 after the US Energy Information Administration reported a larger-than-expected drop in US gasoline supplies.

Posted: August 4, 2016, 3:23 pm

The American Petroleum Institute has sued the US Environmental Protection Agency, challenging the agency’s final rule that imposes emissions limits for new, reconstructed, and modified oil and gas sources. The Aug. 2 petition to the US Appeals Court for the District of Columbia seeks a judicial review for regulations the agency issued on June 3, alleging that EPA failed to adhere to specific Clean Air Act limitations on how the agency can develop regulations.

Posted: August 3, 2016, 8:17 pm

Canada’s privately held Irving Oil Ltd., Saint John, NB, has agreed to acquire the 71,000-b/d Whitegate refinery—Ireland’s only—from current owner Phillips 66 Co., Houston.

Posted: August 3, 2016, 4:49 pm
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