API: US petroleum demand highest for February since 2008

Total US petroleum deliveries, a measure of demand, moved up 0.1% in February compared with a year ago to average 19.7 million b/d, marking the highest February deliveries since 2008, according to the latest report from the American Petroleum Institute. Source: News


Refining NZ floats plan for larger crude shipments into Marsden Point

New Zealand Refining Co. Ltd. (Refining NZ) is seeking public consultation on a proposed project to bring in bigger cargoes of crude oil to its 107,000-b/d refinery at Northland, in Marsden Point, New Zealand, near Whangarei. Source: News


Maersk Oil to redevelop Danish North Sea’s Trya field

Maersk Oil has reached an agreement with the Danish government providing terms to enable the Danish Underground Consortium (DUC) partners to advance a full redevelopment plan for the Tyra field facilities toward a final investment decision by yearend. Source: News


Wintershall basing 2017 plans on $55/bbl Brent crude price

Germany’s Wintershall Holding GMBH increased oil and natural gas production 8% to 165 million boe in 2016, with higher production volumes coming primarily from Norway and Russia. Source: News