Dussafu deals firming before output start

BW Energy Gabon Pte. Ltd.’s plan to start oil production from the Dussafu production-sharing contract offshore Gabon next year has advanced with the firming of two deals to acquire interests totaling 91.67%. Source: News


MARKET WATCH: NYMEX, Brent crude oil prices climb on lower US crude imports

Light, sweet crude oil prices for April settled well above $54/bbl on Feb. 23 after a weekly inventory showed US oil supplies rose less than analysts had anticipated. Analysts attributed the smaller-than-expected increase to a lower volume of imported crude oil. Source: News


Jamaican refinery due $1-billion overhaul

The governments of Venezuela and Jamaica have finalized an agreement to undertake the long-planned expansion and modernization of their Petrojam Ltd. joint venture’s 36,000-b/d hydroskimming refinery in Kingston, Jamaica. Source: News


Alberta pipeline report draws clarification

New pipeline-incident reporting by the Alberta government has evoked clarification from a company portrayed unfavorably in one of its operator comparisons. Source: News