Hess Corporation announced that the Nimblefoot-1 exploration well on Australia’s Northwest Shelf discovered natural gas. The well encountered 93 feet (28 meters) of net gas pay.
Nimblefoot-1 is the third of four initial exploration wells being drilled on the WA-390-P Permit by Hess in 2008. The previous wells, Glencoe-1 and Briseis-1, were announced as discoveries on [...]
TransMontaigne Partners L.P. announced that effective July 8, 2008, Charles L. Dunlap has been appointed to serve as a member of the Board of Directors and will also serve as a member of the Conflicts Committee of TransMontaigne GP L.L.C., the General Partner of the Partnership. The General Partner is responsible for managing the [...]
The Iraqi Oil Ministry invited local and international companies to submit offers to supply the country with about two million tons of refined petroleum products in the second half of the year.
Iraq has the world’s third-largest known crude oil reserves with an estimated 115 billion barrels but suffers acute shortages of refined products such as [...]
Aegean Marine Petroleum Network Inc., an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced that it has taken delivery of the Milos, a newly built, 4,600 dwt double-hull bunkering tanker, from Fujiian Southeast Shipyard in China. The Milos, which [...]
Global Partners LP, a Waltham, Mass., company, has completed the acquisition of the refined petroleum products terminal at the Port of Albany formerly owned by ExxonMobile Oil Corp.
Global Partners, a wholesale distributor of gasoline and oil products paid $101.5 million for the terminal facilities at Albany, N.Y., Newburgh, and Burlington, Vt. The three terminals can [...]
Exports of liquefied natural gas (LNG) and refined petroleum products recorded a double digit growth in 2006, the Ministry of International Trade and Industry (MITI) said.
Exports of LNG, which accounted for 29.4 percent of total exports of minerals and mineral fuels in 2006, increased by 12 percent to RM23.29 billion, MITI said in the 2006 [...]
Oil and gas refining and marketing firm Singapore Petroleum Co. Ltd. (SPC) reported a 29.5 percent fall in full year 2006 net profit on Wednesday due to a sharp drop in refining margins in the second half of the year.
SPC , however, said it was optimistic over the outlook for 2007 when Asia’s economic growth [...]
Singapore Petroleum Company says that the Thai Binh-1X successfully tested natural gas and condensate over two sand intervals. The two intervals flowed at a maximum combined rate of approximately 23.0 million standard cubic feet per day of natural gas through a 128/64″ choke at a wellhead pressure of 534 psi. Condensate was produced at a [...]
Saudi Aramco will acquire a 9.96% strategic shareholding in Showa Shell, a publicly traded Japanese refining and marketing company.
The transfer of shares is expected to be completed in August this year, subject to obtaining regulatory approvals.
Saudi Aramco has also agreed in principle to acquire an additional 4.99% of Showa Shell from the Royal Dutch/Shell GroupRoyal [...]
You might say that American Agip is as slick as a whistle. Formed in 1987, the subsidiary of Italian energy heavyweight Eni operates three major petrochemical businesses: the manufacturing and marketing of lubricants; the marketing and trading of MTBE and methanol; and the trading of refined petroleum products. American Agip supplies more than 11,000 bulk [...]
