Four oil and gas trade associations, which collectively represent the industry in the Gulf of Mexico, filed Freedom of Information Act requests with the US Department of the Interior and its Bureau of Ocean Energy Management on Nov. 7 concerning changes in financial assurance and bonding requirement changes for offshore oil, gas, and sulfur producers. […]

Beijing Gas Group Co. Ltd. is to buy from OJSC Rosneft a 20% stake in a subsidiary of the Russian firm for $1.1 billion. Source: News

The National Enhanced Oil Recovery Initiative (NEORI) listed extension of the Section 45Q Tax Credit for Carbon Dioxide Sequestration as an immediate priority in memorandums to the Democratic and Republican presidential transition teams. Source: News

A joint venture of Abu Dhabi National Oil Co. and Occidental Petroleum Corp. plans to expand by 50% the capacity of the Al Hosn sour gas plant. Source: News

Technip SA, Paris, has released additional details of its earlier contract let by State Oil Co. of Azerbaijan Republic (SOCAR) for delivery of engineering, procurement, and construction (EPC) services for the modernization of subsidiary Azerikimya Production Union’s (PU) petrochemical complex in Sumgait, Azerbaijan, north of Baku. Source: News

Total SA has signed a preliminary agreement to help develop the massive South Pars natural gas field offshore Iran. The pending transaction marked the first Western energy investment in Iran since international sanctions were lifted earlier this year. Source: News

Crude oil prices rose on the New York market Nov. 7 pending results of the Nov. 8 US presidential election and on lingering concerns about whether the Organization of Petroleum Exporting Countries will reach any agreement Nov. 30 to cut oil production quotas for its members. Source: News