Murkowski: Latest CRS analysis raises key oil tax questions

A new Congressional Research Service (CRS) report examines eight important questions about US President Barack Obama’s proposed crude oil tax, US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) said as she released a third CRS study following the president’s initial announcement. Source: News

Det norske adds seven NCS licenses

Det norske oljeselskap ASA has agreed to acquire Noreco Norway AS’s Norwegian license portfolio, including a $5-million cash balance. The deal is effective Jan. 1. Source: News

Lukoil, Bashneft JV begins exploration drilling on Yuzhno-Visovaya prospect

Vostok NAO, a 50-50 joint venture of PJSC Lukoil and PJSOC Bashneft, has begun drilling exploration well No. 1 on the Yuzhno-Visovaya prospect on the Severo-Yareyyaginsky block of the Nenets Autonomous District. The target depth of the well is 4,000 m. Source: News

Eni group installs Zubair treatment plants

The group led by Eni redeveloping supergiant Zubair oil field in southern Iraq has completed three new oil, gas, and water treatment plants. Source: News

MARKET WATCH: NYMEX crude oil prices gain modestly, top $34/bbl

Light, sweet crude oil prices gained for a third consecutive session on the New York market Mar. 2 with the contract for April delivery holding above $34/bbl despite a weekly government report that showed a surprise jump in US crude oil inventories. Source: News