Neptune Energy Group has agreed to acquire from Apache North Sea Ltd. (ANSL), a subsidiary of Apache Corp., Houston, certain development and exploration assets in the UK Central North Sea. The purchase price was undisclosed. Source: News

Colorado Rising turned in more than 171,000 signatures to Secretary of State Wayne W. Williams (D) on Aug. 6 in support of its proposed November ballot initiative. It said Initiative 97 would establish “commonsense initiatives for our communities from the dangers of oil and gas development and fracking (sic).” Others saw it much differently. Source: […]

In late July, Whiting Petroleum Corp., Denver, completed a $130-million acquisition of Williston basin properties, the company said as part of its second quarter operating and financial report. Source: News

Mexico’s Petroleos Mexicanos processing subsidiary Pemex Transformacion Industrial (formerly Pemex Refinacion) has resumed operations at its 330,000-b/d Antonio Dovali Jaime refinery in Salina Cruz, Oaxaca, following a power outage that led to a shutdown of the site late on Aug. 8. Source: News

Leaders of countries with Caspian Sea coasts have signed an agreement on territorial claims under dispute since collapse of the Soviet Union in 1991. Clarification of at least some legal questions will ease impediments to oil and gas exploration and development and to pipeline construction. Source: News

Light, sweet crude oil prices for September delivery rose to close above $67.60/bbl on the New York market Aug. 10 while Brent crude for October also gained to close above $72.80/bbl. Analysts attributed the gains to the International Energy Agency’s oil demand growth forecast. Source: News