Douglas Wood has been nominated by Amsterdam-based SBM Offshore NV as its chief financial officer and a member of its management board. He joins the company Oct. 1. Source: News

The US Department of Energy’s Fossil Energy Office reported it will make more than $8.5 million in investments in five carbon storage research projects. The commitments reflect FEO’s objective to deploy and validate prototype carbon storage monitoring, verification, and accounting (MVA) technologies in an operational field environment, it said. Source: News

Suncor Energy Inc. is buying a 30% stake in the Rosebank project in the UK North Sea from OMV AG. Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, were up 1.1 million bbl during the week ended Aug. 5 from the previous week’s total, data from the US Energy Information Administration’s Petroleum Status Report indicates. Source: News

Saudi Arabia reported its crude oil production increased 123,000 b/d in July over June to reach an average total for the month of 10.67 million b/d, the Organization of Petroleum Exporting Countries said in its Monthly Oil Report Aug. 10. Source: News

Light, sweet crude oil prices for September delivery fell 25¢ on Aug. 9 to settle under $43/bbl on the New York market pending release of the weekly US government report on oil and product supplies. Source: News

Terry Earl Swift and Alton D. Heckaman Jr. are respectively retiring from the posts of chief executive officer and chief financial officer of Houston-based Swift Energy Co. Source: News

Meridian Energy Group Inc., Irvine, Calif., has finalized a contract with engineering firm Vepica USA Inc., Houston, a subsidiary of Caracas-based Vepica CA, to perform engineering definition for its proposed 55,000-b/sd grassroots Davis refinery to be built in the heart of southwestern North Dakota’s Bakken shale region, near Belfield, in Billings County, ND. Source: […]