On April 22, BOEMRE called for public comment to inform new deepwater environmental assessment. Statoil, Inc. and BHP Billiton Petroleum Americas have provided amendments to their exploration plans (EP). The amended plans have been deemed submitted on April 28…
"I believe and will prove that our country is not deficient in oil reserves. If I can use my 20-year lifetime in exchange for a large oil field, I will." Those comments, recorded in an illustrated history of the Songliao Basin published by China National Petroleum Corporation (CNPC)…
Hess and PETRONAS sign partnership agreements to develop North Malay Basin Hess Corporation announces that it has signed agreements with PETRONAS to develop the North Malay Basin, located offshore peninsular Malaysia. “The North Malay Basin…
Aegean Marine says it has secured a $150 million uncommitted working capital facility from ABN AMRO Capital USA to finance the working capital requirements of Aegean Bunkering (USA) LLC, which Aegean Marine recently formed to complete the acquisition of the former U.S.
Buckeye Partners, L.P. signed a definitive agreement with Hess Corporation and its subsidiaries to acquire 20 liquid petroleum products terminals with total storage capacity of approximately 39 million barrels for $850 million. The 19 domestic…