A wider spread between fossil fuel and renewable energy prices could create both opportunities and challenges beyond enhanced oil recovery (EOR) for carbon capture and storage (CCS) proponents, the executive director of the North American Carbon Capture & Storage Association told a Washington audience. Source: News

Manitok Energy Inc., Calgary, has completed the purchase of natural gas processing and production assets in the Carseland area of its conventional oil and gas reservoirs in southeast Alberta’s Entice lands. Source: News

Imperial Oil Ltd., Calgary, is selling its remaining 497 company-owned retail outlets to five fuel distributors for $2.8 billion (Can.). Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, rose 3.9 million bbl during the week ended Mar. 4 compared with the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Last week, inventories jumped 10.4 million bbl. Source: News

OJSC Rosneft said it started drilling an exploratory well offshore Vietnam in the Nam Con Son basin. It’s the first time Rosneft has been drilling operator in international waters. Source: News

Saudi Aramco plans to nearly double its natural gas production to 23 standard bcfd in 10 years, Aramco Chief Executive Officer Amin Nasser told an industry conference in Jubail on Mar. 8. Source: News

Light, sweet crude oil prices for April delivery on the New York market dropped more than $1/bbl to settle above $36/bbl on Mar. 8, giving up much of the previous day’s gains. Analysts said world oil supplies remain robust while a supply-demand recovery still has yet to begin. Source: News