Linn Energy to divest Altamont Bluebell field interest

Linn Energy Inc., Houston, signed an agreement to sell its interest in properties in Altamont Bluebell field in the Uinta basin to an undisclosed buyer for $132 million. Source: News


Contracts let for Azeri Central East platform

Azerbaijan International Oil Co. has let two separate front-end engineering and design contracts to the SOCAR-KBR LLC joint venture for a production platform with drilling quarters, the Azeri Central East platform, for Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. Source: News


EXCO Resources files petitions under Chapter 11

EXCO Resources Inc., Dallas, has filed petitions for a court-supervised reorganization under Chapter 11 of the US Bankruptcy Code in the Southern District of Texas and is in discussions with its creditors regarding the terms of a financial restructuring plan. The company will explore alternatives, including a sale of assets under Section 363 of the […]


Motiva lets hydrogen-supply contract for Port Arthur refinery

Motiva Enterprises LLC, a wholly owned subsidiary of Saudi Aramco’s Saudi Refining Inc. (SRI), has let a new contract to Praxair Inc., Danbury, Conn., to supply additional hydrogen to its 600,000-b/d Port Arthur, Tex., refinery, the largest in the US.   Source: News