Tuesday, May 13th 2008

Oil & Gas News

Crude Oil : $123.7


►General Interest
+ Senate to vote on suspending SPR purchases as separate bill
+ OTC: Nigeria reforming oil, gas industry
+ MARKET WATCH: Crude price hits $126/bbl high
+ Murkowski asks Senate to swiftly ratify Law of the Sea treaty
+ OTC: Nuclear, tidal energy to supplement fossil fuels

►Exploration & Development
+ Nine E&P permits awarded off Western Australia
+ Apache Julimar NW-1 on NW Shelf logs 43 ft of pay
+ OTC: Natural gas hydrates research active, optimistic
+ Methanex seeks Chilean gas as Argentina hikes tax
+ PTTEP, Myanmar sign exploration agreement

►Drilling & Production
+ OTC: Deepwater systems offer new life in Gulf of Mexico
+ Shell starts gas production from Shamrock in North Sea
+ Eni delays Kashagan oil field production further
+ KCA Deutag wins $100 million in drilling contracts
+ Venezuela invites Colombia to partner in Orinoco

►Processing
+ Tesoro R&M agrees to civil penalty for air violations
+ ONGC selects UOP for petrochemical complex
+ CNPC takes stake in Nippon Oil Takaishi refinery
+ Iran begins $1.2 billion upgrade for Sri Lanka refinery
+ Holly R&M settles Woods Cross refinery air pollution charges

►Transportation
+ Odessa-Brody oil line reversal nears completion
+ NEB: Greater Canadian pipeline capacity planned
+ Petrobras to start building Cacimbas-Catu gas line
+ OTC: US must pay more to attract gas storage supplies
+ Kuwait to build LNG regas terminal, import gas
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Marius is a consultant at NRG Engineering. After studying engineering in Europe, he has acquired 12 years of experience as an international welding engineer in the oil industry.For the past few months, he has been involved in a refinery project in Dung Quat (Vietnam).

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