RimRock Oil & Gas Williston LLC has agreed to buy properties in the Bakken-Three Forks play of the Williston basin from Whiting Petroleum Corp. for $500 million cash. Source: News
Transocean to buy Songa Offshore for $1.8 billion
Transocean Ltd. plans to buy Songa Offshore SE for $1.8 billion subject to certain conditions. Terms call for the transaction to be paid mostly in stock and convertible bonds. Source: News
Woodside to shut down Enfield oil field off Western Australia
Perth-based Woodside Petroleum Ltd. has begun the process of shutting down and decommissioning its Enfield oil field on the North West Shelf off Western Australia. Source: News
Contract let for West White Rose structure
Husky Energy Inc. has let a contract for construction of the West White Rose concrete gravity structure to a general partnership of SNC-Lavalin, Dragados Canada, and Pennecon Ltd. Source: News
MARKET WATCH: NYMEX crude oil prices drop more than $1/bbl
US light, sweet crude prices dropped more than $1/bbl on Aug. 14, setting below $47.60 while Brent crude oil prices also fell more than $1/bbl to settle below $51/bbl. Source: News
EIA: Major US onshore regions’ oil output to rise 117,000 b/d in September
Crude oil production from the seven major US onshore producing regions is forecast to increase 117,000 b/d month-over-month in September to 6.149 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report. Source: News
Calumet inks deal for sale of Wisconsin refinery, downstream assets
Husky Energy Inc., Calgary, has entered a deal with Calumet Lubricants Co. LP, a unit of Calumet Specialty Products Partners LP, Indianapolis, to buy subsidiary Calumet Superior LLC, which owns and operates 47,500-b/d refinery in Superior, Wis., refinery as well as other downstream assets in the region. Source: News
IOC begins importing US crude
Indian Oil Corp. Ltd. said its first cargo of US crude oil is expected to arrive in eastern India by Oct. 1. Source: News
Canada wants renegotiated NAFTA to reflect changes, official says
The Canadian government would like a renegotiated North American Free Trade Agreement to reflect technological, social, and other major changes that have occurred since NAFTA was first adopted 23 years ago without compromising Canadian oil and gas and other businesses’ ability to compete internationally, Foreign Affairs Minister Chrystia Freedland said on Aug. 14. […]
Kuwait officials say oil spill controlled
The source of an oil spill off southern Kuwait remained undetermined Aug. 14 as officials said floating oil had been contained and clean-up was in progress. Source: News