• Sibneft and Yukos have merged and created YukosSibneft Oil Co., Russia's largest oil and gas producer. The company may change its name. • Central Resources Inc. and affiliate Central International Corp. have acquired a 100% working interest in the Catriel Oeste Field in Rio Negro province, Argentina, from Petrobras Energia SA and another Argentine operator. The field produces approximately 1,500 bbl. of oil per day. Central estimates the proved reserves at 15 million BOE. • EnerGulf Resources Inc., Vancouver, has acquired a 25% working interest in the Alborada contract between Gulfsands Petroleum Ltd., Houston, and Empresa Colombiana de Petroleos, covering 30,622 hectares in the upper Magdalena Basin in Colombia, for US$368,983. • CanArgo Energy Corp. plans to sell its 45% interest in Fountain Oil Boryslaw, a subsidiary of Boryslaw Oil Co., to a Ukrainian company for US$1 million.
Recommended Reading
Chart Talk: Global Oil Prices on a Massive Upward Trend
2023-09-22 - Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.
Sempra Infrastructure Receives FERC Approval for Port Arthur LNG Phase 2
2023-09-22 - Phase 2 of Sempra Infrastructure’s Port Arthur LNG would add two liquefaction trains with an LNG liquefaction capacity of 13 mtpa.
Analyst Suggests New Grid is ‘Junk Science’ Masquerading as Math
2023-09-22 - The U.S.' path in the energy transition has its roadblocks, and right now, it's like watching two drunks fall down a hill, says analyst Michael Cembalest.
Oil to Rise, But Won’t Break $100
2023-09-21 - Stratas Advisors still holds the view that oil prices will not break through $100/bbl this year.
Air Products Sues Feds to Halt Federal Helium System Sale
2023-09-21 - Industrial gas giant Air Products has asked a federal court to stop the U.S. government’s plans to auction off the Federal Helium System.