Rosneft, BP to develop Russian gas field

Rosneft and BP will jointly develop oil and gas resources on two licenses in the Yamalo-Nenets Autonomous District of northern Russia encompassing giant Kharampurskoye natural gas and condensate field. Source: News


Court orders report on ozone designations

A federal appeals court ordered the US Environmental Protection agency to file a status report by Jan. 12 on when it expects to establish air quality designations under the 2015 National Ambient Air Quality Standards (NAAQS) for US areas not yet designated. Source: News


SOCAR lets contract for Baku refinery work

State Oil Co. of Azerbaijan Republic (SOCAR), through its joint-venture contractor SOCAR-KBR LLC, has let a contract to Tecnicas Reunidas SA for work on modernization and expansion under way at the Heydar Aliyev refinery at Baku. Source: News


Venado buying Cabot’s Eagle Ford assets

Privately owned Venado Oil & Gas LLC, Austin, says an affiliate plans to buy Cabot Oil & Gas Corp.’s Eagle Ford shale holdings for $765 million. Source: News