Recently added articles from The Oil Daily:
US September demand revised sharply lower.(Statistical data)
Dec 01, 2009; van Schaik, John ... US oil demand in September amounted to 18.37 million barrels per day-544,000 b/d less than initial weekly statistics had indicated and 2.1 million b/d lower than in the same month of 2007-according to the Energy Information Administration (EIA). US oil consumption in September ...
Pirates seize US-bound tanker off Somalia.
Dec 01, 2009; Schindelar, Alex ... A Greek-flagged crude tanker heading for the US was hijacked Sunday by pirates off the coast of Somalia, the European Union Naval Force said Monday. The Maran Centaurus, a 300,000-dead-weight-ton crude vessel, was captured in the Somali basin 600 nautical miles northeast of the ...
Dubai plans selective aid to troubled state-owned investment firms.
Dec 01, 2009; Ant, C. Onur ... Debt-laden Dubai has halted repayments to foreign creditors because it is in the midst of a review of investments that will see the survival of only the fittest of the emirate's state-backed companies. The government insists that the move does not stem from a lack of money. In ...
Nymex crude back above $77 as dollar weakens, products expire.(Brief article)
Dec 01, 2009; van Schaik, John ... Supported by expiring products contracts and a weakening dollar, Nymex January crude oil futures bounced back above $77 on Monday after touching an intraday low of just over $72 on Friday during the Thanksgiving holidays. Analysts wonder whether crude can sustain its trading ...
Daily oil & gas price review.(Statistical table)
Dec 01, 2009; ... <Pre> Daily Oil & Gas Price Review Prices for Monday, November 30, 2009 North American Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +1.18 75.23 74.30 75.90 LLS (St. James) +1.03 78.98 78.22 79.10 ...
Indonesia hopes to be first to source LNG from coalbed methane.(liquefied natural gas)
Dec 01, 2009; Chan, Erwin ... Indonesia is seeking to beat Australia to the podium as the first producer of LNG from coalbed methane (CBM). "The government is attempting for Indonesia to be the first country that develops LNG from CBM," the director general of oil and gas at the Department of Energy and ...
Venezuela said to soften Carabobo bid round terms.(Brief article)
Dec 01, 2009; ... Venezuela has slightly softened conditions for the auction of its Carabobo heavy oil projects and was due to deliver the finalized terms to interested companies later on Monday, a government source said. Worried by lukewarm private sector interest in its first oil auction in ...
EIA natural gas production report - November.(Energy Information Administration)(Statistical table)
Dec 01, 2009; ... <Pre> EIA Natural Gas Production Report - November Area Gulf of Mexico Louisiana New Mexico Report (Bcf/d) % Chg. (Bcf/d) % Chg. (Bcf/d) % Chg. Month Sep. '08 2.21 -68.4 2.96 -24 4.07 -0.6 Oct. '08 4.55 105.6 ...
Delta explores alternatives.(Corporate News)(Brief article)
Dec 01, 2009; ... Delta Petroleum said Monday it is exploring strategic alternatives, including the sale of assets, partnerships and joint ventures--and possibly even the sale of the entire company. Poor results from the Columbia River Basin in eastern Washington state, where the company recently ...
EnCana completes split.(Corporate News)(Brief article)
Dec 01, 2009; ... EnCana said Monday it has officially completed its split into two organizations: Cenovus Energy, an integrated oil producer and refiner, and EnCana, a pure play natural gas company. Stockholders and regulators had already approved the transaction last week (OD Nov.25,p8). The ...
BP discovers Alaska leak.(Environment)(Brief article)
Dec 01, 2009; ... BP discovered an oil and gas spill Sunday on one of the dozens of pipelines serving Alaska's Prudhoe Bay oil fields, according to a company spokesman and an official situation report. The spill occurred on an 18-inch common line carrying a mixture of crude oil, water and natural ...
Stock market scorecard.(Environment)(Statistical table)
Dec 01, 2009; ... <Pre> Stock Market Scorecard Integrated Close 1-Day % Chg. Majors 11/30 Chg. % Chg. 10-Day 52-Wk YTD Suncor 36.21 +0.22 +0.61% +3.31% +70.64% +85.69% Hess 57.96 +0.16 +0.28 +2.80 ...
Forest to sell Permian assets.(Exploration & Production)(Forest Oil)(Brief article)
Dec 01, 2009; ... Forest Oil said it agreed to sell its remaining Permian Basin properties to a unit of SandRidge Energy for about $800 million, as it seeks to focus on shale assets. Forest said the Permian Basin properties in West Texas and New Mexico were currently producing 46 MMcfe/d and had ...
Vanguard buys Permian assets.(Exploration & Production)(Brief article)
Dec 01, 2009; ... Vanguard Natural Resources said it has entered into a definitive agreement to acquire producing oil and gas assets in the Permian Basin for $55 million from a private seller. The properties have estimated proved reserves of 3.2 million boe, of which 83% are oil reserves and 65% ...
Saudis claim 'strategic' peak.(International)(Brief article)
Dec 01, 2009; ... Saudi Arabia says it has gained control of a "strategic" mountain on its southern border with Yemen where its military has fought Yemeni rebels for almost a month. Prince Khaled bin Sultan, assistant minister of defense, said on Saturday the military had seized control of Jabal ...
Strike may hurt Pluto LNG.(International)(Brief article)
Dec 01, 2009; ... Woodside Petroleum's A$12 billion (US$11 billion) Pluto LNG construction project in Western Australia, already running over budget, may be hit by a strike, with up to 1,300 workers protesting against plans to introduce a new system at their accommodation village. Coinciding with ...
EIA sees big refining capacity overhang in US.(United States. Energy Information Administration)
Dec 01, 2009; Galante, John ... US refining capacity is expected to exceed demand by 2 million barrels per day through January 2010, the Energy Information Administration says in its latest assessment of the US refining industry. That suggests at least 10% of available capacity will not be needed, which the ...
OGX scores offshore Brazil.(Latin America)(Brief article)
Dec 01, 2009; ... Brazilian oil and gas company OGX Petroleo e Gas Participacoes said Monday that a second well in Campos Basin Block BM-C-41 offshore Brazil has confirmed an earlier oil discovery. OGX said the 1-OGX-2A-RJS well found a 250-meter oil column with more than 100 meters of net pay ....
Venezuela JV details emerge.(Latin America)(Russia's national oil consortium)(Petroleos de Venezuela)(Brief article)
Dec 01, 2009; ... Details have been made public of the Russian-Venezuelan joint venture that is being set up to develop the Junin 6 Block in Venezuela's Orinoco heavy oil belt. With 40% of the project, Russia's national oil consortium (RNOC)--comprising Gazprom, Lukoil, TNK-BP, Rosneft and ...
Conoco sells LNG to Citigroup.(Natural Gas)(Brief article)
Dec 01, 2009; ... As US natural gas stockpiles remain at a record high, two deals have been struck to re-export previously imported LNG to more needy markets in December. Customers at the Freeport LNG import terminal in Texas, one of the most underused terminals in the US, are now responding to ...
