Suncor Energy Inc., Calgary, has completed its acquisition of Canadian Oil Sands Ltd. Source: News
Croatian refinery due energy efficiency study
Croatia’s INA Industrija Nafte DD, Zagreb, has let a contract to Neste Jacobs Oy to perform a comprehensive energy efficiency study of its 4.5 million-tonne/year Rijeka refinery along the northern part of the Adriatic Sea at Urinj, Croatia. Source: News
Venoco files Chapter 11, hopes to eliminate $1 billion in debt
Venoco Inc. has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware. Source: News
Penn West to sell Slave Point assets for $148 million
Penn West Petroleum Ltd., Calgary, has agreed to sell its properties in the Slave Point area of northern Alberta to an undisclosed buyer for $148 million in cash. Source: News
New Zealand offers five petroleum permits in 2016 tender
New Zealand Petroleum & Minerals (NZPM) has launched its 2016 petroleum block offer tender, which includes four offshore release areas and one onshore release area collectively covering 525,515 sq km. Source: News
Pemex advances ULSD project at Minatitlan refinery
Pemex Transformacion Industrial (formerly Pemex Refinacion), the processing arm of Mexico’s state-owned Petroleos Mexicanos (Pemex), has let a contract to Tecnicas Reunidas SA, Madrid, for work related to the second phase of the country’s ultralow-sulfur diesel (ULSD) project at the 185,000-b/d Lazaro Cardenas refinery near Minatitlan, Veracruz state. Source: News
Offshore Abu Dhabi to be evaluated in 4-year work program
Austria’s OMV AG said it signed a technical evaluation agreement with Abu Dhabi National Oil Co. (ADNOC) and Occidental Petroleum Corp. for several undeveloped oil and gas fields in northwest offshore Abu Dhabi. Source: News
Gorgon off Western Australia ships first LNG cargo
The Chevron Australia-led joint venture at the Gorgon and Jansz-Io field project on Barrow Island offshore Western Australia has shipped its first cargo of LNG. Source: News
MARKET WATCH: NYMEX oil prices drops back under $40/bbl
Light, sweet crude oil prices fell on the New York market Mar. 18 to close back under $40/bbl, after Baker Hughes Inc. reported a 1-unit increase in US rigs drilling for oil. Reaction to the rig count report abruptly ended an oil-price rally that briefly reached above $40/bbl for the first time this year. […]
Watching Government: Can cooperative federalism work?
The Obama and Trudeau governments emphasized how important governments in US states and Canadian provinces and territories would be when their leaders jointly announced stronger efforts to combat climate change on Mar. 10. Source: News