Chevron South Africa (Pty.) Ltd., a subsidiary of Chevron Corp., has reported it will undertake annual routine safety and maintenance inspections at its 110,000-b/d Cape Town refinery at Milnerton, South Africa, starting in February. Source: News

Light, sweet crude prices settled above $33/bbl on the New York market Jan. 28 and Brent crude oil did the same on the London market. The gains followed comments by Russian energy officials that they would talk with the Organization of Petroleum Exporting Countries next month about output. Source: News

Production from the Canadian oil sands will increase through 2040 even if pipeline capacity remains constrained, says the National Energy Board of Canada. Source: News

Alaska Gov. Bill Walker (I) notified three Alaska North Slope oil and gas producers that he will consider other ways to generate revenue for the state if more progress is not made on reaching operating milestones for the Alaska Liquefied Natural Gas Project before the legislature completes its regular session. Source: News

A “sharp contraction” of crude oil prices and “limited access to the capital markets” in 2015 resulted in the least fourth-quarter merger and acquisition activity in the US oil and gas industry in 5 years, according to analysis from PwC US. Source: News