Middle Fork buying QEP Uinta basin assets

Middle Fork Energy Partners LLC has agreed to buy oil and gas production, undeveloped acreage, and related assets in the Uinta basin from a subsidiary of QEP Resources Co. for $155 million. Both companies are in Denver. Source: News


MARKET WATCH: Crude oil benchmarks rise on Libya, Canada supply outages

The light, sweet oil price for August delivery rose July 9 on the New York market to settle at $73.85/bbl, which analysts attributed to continuing supply outages from Libya and Canadian oil sands. The Brent crude oil price for September also rose, settling above $78/bbl. Source: News


Nigeria invests $10 million for proposed grassroots modular refinery

The Nigerian Content Development & Monitoring Board (NCDMB) has signed a $10-million equity agreement with Waltersmith Petroman Oil Ltd. subsidiary Waltersmith Refining & Petrochemical Co. Ltd. (WRPCL) for construction of the operator’s newly proposed 5,000-b/d modular refinery at Ibigwe, Imo state, Nigeria. Source: News


Equinor to buy European energy trader

Equinor has agreed to buy 100% of the shares of Danske Commodities, one of Europe’s largest short-term electricity traders also involved in short-term gas trading. Source: News