Mark A. Plake has been named president of Holly Logistic Services LLC, the ultimate general partner of Holly Energy Partners, Dallas. Source: News

Far less oil production has been shut in worldwide than generates negative cash flow because of the slump in crude oil prices, reports Wood Mackenzie. Source: News

Nagarjuna Oil Refinery Ltd. (NORL) has ended discussions with Netoil (Singapore) (Pte.) Ltd. for the sale of its interest in subsidiary Nagarjuna Oil Corp. Ltd. (NOCL) in a deal that would have advanced the long-stalled construction of NOCL’s planned 6 million-tonne/year refinery at Cuddalore, Tamil Nadu, about 180 km south of Chennai, India, on the […]

The Pennsylvania Environmental Quality Board (EQB), an independent entity responsible for adopting environmental regulations, approved revisions to the commonwealth’s oil and gas drilling regulations by a 15-4 vote, the Department of Environmental Protection announced in Harrisburg. The Feb. 3 action drew immediate fire from the Pennsylvania Independent Oil & Gas Association (PIOGA). Source: News

For the oil and gas industry, whatever room for compromise might once have existed in the politics of climate change has vanished. President Barack Obama demolished it. Source: News

A unit of China National Petroleum Corp. has delivered the first of more than 20 engineering packages for the Yamal LNG project in northern Russia. Source: News

Linn Energy LLC, Houston, said on Feb. 4 that it’s exploring “strategic and financial alternatives” to improve the firm’s capital structure and long-term outlook in the midst of the prolonged crude oil price slump. Source: News