BP doubles interest in North Sea’s Culzean development

BP PLC has acquired another 16% interest in the Culzean development of the UK central North Sea from JX Nippon Oil & Energy Co., bringing the British multinational firm’s total stake in the project to 32%. Source: News

Argentinian refinery plans expansion, upgrades

Axion Energy Argentina SA has secured partial financing from World Bank Group member International Finance Corp. (IFC) for a project to expand and upgrade its 87,000-b/d refinery near the town of Campana in Argentina’s Buenos Aires province. Source: News

Carnarvon’s Outtrim East-1 well slated for drilling in mid-June

Carnarvon Petroleum Ltd. reported that it will begin to drill the Outtrim East-1 well on Australia’s North West Shelf in mid-June using the Noble Corp.’s Noble Tom Prosser jack up drilling rig under contract with operator Quadrant Energy. Source: News

Breitburn Energy files for bankruptcy

Breitburn Energy Partners LP, Los Angeles, filed voluntary petitions on May 16 for Chapter 11 in the US Bankruptcy Court for the Southern District of New York. The firm reported debt of $3.4 billion as of Mar. 31. Source: News

SandRidge files petitions under Chapter 11

SandRidge Energy Inc., Oklahoma City, has filed petitions under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas. Source: News