Valeura Energy Inc. has brought on stream its Bati Gurgen-1 well, which has produced about 3 MMcfd of natural gas through a 20/64-in. choke for nearly 2 weeks at flow rate of 1,570 psi. Source: News

Aggressive government policies probably will be necessary to move consumers away from fossil fuels to alternative and renewable energy sources because markets appear unable to the job alone, a University of Chicago economist said. Source: News

Petroleum Development Oman (PDO) said enhanced oil recovery (EOR) is expected to account for about 25% of its oil production by 2025, vs. last year’s projection of 33% by 2023. Source: News

Light, sweet crude oil prices rose modestly on the New York market Mar. 21 but still hovered under $40/bbl by closing. Prices gained strength toward the end of the trading session after waffling between gains and losses throughout Mar. 21, which analysts largely blamed on world oversupply concerns. Source: News

Suncor Energy Inc., Calgary, has completed its acquisition of Canadian Oil Sands Ltd. Source: News

Croatia’s INA Industrija Nafte DD, Zagreb, has let a contract to Neste Jacobs Oy to perform a comprehensive energy efficiency study of its 4.5 million-tonne/year Rijeka refinery along the northern part of the Adriatic Sea at Urinj, Croatia. Source: News

Venoco Inc. has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware. Source: News