EIA: US crude stockpiles increase 3.3 million bbl

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.3 million bbl for the week ended Apr. 6, according to US Energy Information Administration data. Source: News


Cobalt asset auction nets $577.9 million

Total E&P USA Inc., alone and in a combine with Statoil Gulf of Mexico LLC, led successful bidders for Gulf of Mexico properties sold at auction in the bankruptcy of Cobalt International Energy Inc., according to a court filing. Successful bids totaled $577.9 million.  Source: News


MARKET WATCH: Brent crude settles at highest since December 2014

Brent crude oil for June delivery jumped by more than $2/bbl to settle above $71/bbl on Apr. 10. It was the front-month’s highest closing price since December 2014, which analysts attributed to rising tensions about a possible military strike against Syria and a weakening US dollar. Source: News


CSV Midstream enters Alberta gas plant into service

CSV Midstream Solutions Corp., Calgary, has started up a natural gas processing plant in the Resthaven area of Alberta, about 80 km northeast of Grande Cache. Source: News


Lilis Energy names CEO, executive vice-president

Lilis Energy Inc. Executive Chairman Ronald D. Ormand has been appointed chief executive officer in addition to chairman of the company. James W. Denny III has been appointed executive vice-president of production and operations. Source: News