Post-sanctions Iran advances refinery modernization, expansion program

Iran’s state-owned National Iranian Oil Refining and Distribution Co. (NIORDC), a subsidiary of the country’s Ministry of Petroleum (MOP), is seeking international investors to help complete a long-planned program to increase crude oil and condensate processing capacities and improve the quality of production at the country’s refineries. Source: News

The tyranny of activism-3: Assault on democracy

If climate change were the certain danger activists make it out to be, activism wouldn’t exist. Energy consumers would respond voluntarily. Source: News

Deepwater key to Mexico's reforms

Industry participants and observers say the overall success of Mexico’s Round One likely hinges on its deepwater offerings, which are expected to attract widespread bidding despite current low oil prices. Source: News

Texas Supreme Court rules on post-production costs, royalty payments

Producers calculate oil and gas royalties using a relatively straight-forward formula, but litigation can still arise from any of its variables. The royalty payment equals the royalty owner’s net interest multiplied by the total value of production from a well minus the royalty owner’s share of post-production expenses.  Source: News

Well-kill model forecasts pressure for deepwater horizontal well

Well-control operations using the wait-and-weight method (W&W) in a deepwater horizontal well are harder to implement than in a vertical well. Simulations of well-killing procedures for future projects provide guidance to drilling engineers. Source: News

White Star makes financial, legal executive appointments

White Star Petroleum LLC, until recently known as American Energy-Woodford LLC, has appointed Caleb G. Morgret as chief financial officer, Jeffrey J. Zanotti as senior vice-president, general counsel and secretary, and Richard D. Pollot as chief accounting officer. Source: News

1 Jul 2016 16:00:00 EDT – The latest stock information is now available for your stocks

XOM    Last 93.84  Change +0.10   % Change 0.11%   Volume 9,945,005   As of: 1 Jul 2016 16:00:00 EDT   View: Stock Quote |  News   CVX    Last 104.15  Change –0.68   % Change 0.65%   Volume 6,110,761   As of: 1 Jul 2016 16:00:00 EDT   View: Stock Quote |  News   COP    Last 43.51  Change –0.09   % […]

BHI: Land, oil rigs lift overall US rig count by 10 units

Lifted entirely by onshore oil-directed units, the US drilling rig count jumped by 10 during the week ended July 1 for the second time in 3 weeks, tallying 431 rigs working, according to data from Baker Hughes Inc. Source: News