A subsidiary of Delek Group, Tel Aviv, has signed an agreement to acquire new shares representing 19.9% of Ithaca Energy Inc., Aberdeen, for $66 million. Source: News
QP lets wellhead jacket contract for Bul Hanine redevelopment
Qatar Petroleum (QP) has let a contract to McDermott International Inc. to engineer, procure, construct, and install four wellhead jackets for the redevelopment of Bul Hanine oil field offshore Qatar. Source: News
MARKET WATCH: NYMEX oil prices touching $50/bbl on Syria concerns
Light, sweet crude oil prices for November delivery gained more than $1/bbl to close at $49.43/bbl on the New York market Oct. 8 after having briefly touched a trading session high of $50.07/bbl. Meanwhile, the Brent crude oil contract for November delivery closed above $53/bbl. Source: News
UAE oil-output capacity plans on schedule
The United Arab Emirates remains on schedule to boost crude oil production capacity to 3.5 million b/d by 2017 from 2.7 million b/d at present, according to the federation’s energy minister. Source: News
HollyFrontier lets contract for unit at Navajo refinery
Navajo Refining Co. LLC, a subsidiary of HollyFrontier Corp., Dallas, has let a fixed-price contract to KP Engineering LP (KPE), Tyler, Tex., to deliver detailed engineering, procurement, and construction (EPC) services for a gasoline hydrotreater to be built at the 100,000-b/d Navajo refinery at Artesia, NM. Source: News
Northern Tier wraps maintenance, restarts unit at Minnesota refinery
Northern Tier Energy LP has concluded previously announced unplanned maintenance work on a crude unit at its 97,800-b/sd refinery at St. Paul Park, Minn. Source: News
Encana to sell DJ basin assets for $900 million
Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Calgary-based Encana Corp., has agreed to sell its DJ basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment Board and 5% by Broe Group, Denver, for $900 million. Source: News
Statoil reports oil spill near Statfjord A platform in North Sea
Statoil ASA reported an oil spill in the North Sea estimated at 40 cu m during loading from the Statfjord A platform to the Hilda Knutsen tanker. Source: News
White House issues veto threat as House crude export ban vote nears
The White House said senior advisors would recommend that US President Barack Obama veto a House bill to remove restrictions on exports of domestically produced crude oil if the measure reached his desk. “Legislation to remove crude export restrictions is not needed at this time,” the Office of Management and Budget said in a formal […]
Gas processors seek more time to comment on proposed EPA methane rules
The Gas Processors Association has requested more time to comment on four proposed rules covering methane emissions from oil and gas operations. The Tulsa trade association asked for 60 additional days beyond the Nov. 17 deadline EPA established when it announced the proposed requirements on Sept. 18. Source: News