MARKET WATCH: NYMEX oil price edges up while Brent drops

The December light, sweet crude oil price edged up a few cents on the New York market Oct. 23 to settle under $52/bbl for a third consecutive day while the Brent December crude oil price in London fell. The US benchmark oil price rose in early Oct. 24 trading. Source: News


KMG nears startup of newly overhauled Pavlodar refinery

Kazakhstan’s state-owned JSC National Co. KazMunayGas (KMG) is on schedule to commission subsidiary Pavlodar Petrochemical Plant LLP’s (PPP) newly reconstructed refining and petrochemical complex in Pavlodar, Kazakhstan, by the month’s end.  Source: News


Pilot, Black Swan to sell Exmouth Plateau permit interest

Pilot Energy Ltd., Sydney, and its joint-venture partner Black Swan Resources Pty. Ltd., Perth, have put an unencumbered 100% of their Exmouth Plateau permit WA-507-P up for sale. Source: News


AWE completes flow test of Waitsia-3 appraisal well

The AWE Ltd.-led joint venture in the onshore north Perth basin in Western Australia has conducted a successful flow test of its Waitsia-3 appraisal well. Source: News


Linn to sell its Williston interest for $285 million

Linn Energy Inc. has agreed to sell its nonoperated Williston basin interest to an undisclosed buyer for $285 million. The deal moves the Houston firm a step closer to completing its noncore divestment program that has netted about $1.6 billion thus far since its emergence from bankruptcy in February.   Source: News