Bagpuss well taps hydrocarbons off Scotland

Premier Oil UK Ltd. and partners will assess commercial prospects of their Bagpuss prospect offshore Scotland after their 13/25-1 well cut 41 ft of hydrocarbon-bearing sands in a 68-ft hydrocarbon column. Source: News

SM Energy to buy Midland basin firm for $980 million

SM Energy Co., Denver, has agreed to acquire 100% membership interest in Rock Oil Holdings LLC and its 24,783 net acres in Howard County, Tex., from private equity firm Riverstone Holdings LLC for $980 million. Source: News

BLM issues final EIS analyzing Thompson Divide oil, gas leases

The US Bureau of Land Management released a final environmental impact statement analyzing 65 oil and gas leases that were issued in the White River National Forest in Colorado from 1995 to 2012. The agency’s preferred alternative in the final EIS would cancel the 25 undeveloped leases, apply new stipulations to the remaining leases that […]

Essar Oil plans upgrades at Vadinar refinery

Essar Oil Ltd., a subsidiary of Essar Energy PLC, plans to invest another 12 billion rupees on projects aimed at helping to raise the gross refinery margin (GRM) of its 20 million-tonne/year Vadinar refinery in Gujarat, India. Source: News

Azure Midstream sheds East Texas gas plant, gathering line

Azure Midstream Partners LP, Dallas, has completed the sale of one of its East Texas gas plants and an associated gathering line to Align Midstream Partners LP, a portfolio company of Dallas-based private equity firm Tailwater Capital LLC. Source: News

MARKET WATCH: NYMEX, Brent crude prices drop slightly

The light, sweet crude oil price for September delivery fell slightly on both the New York and London markets on Aug. 5 amid reports that some members of the Organization of Petroleum Exporting Countries want to revisit the idea of setting new production limits with non-OPEC members. Source: News

Unipetrol updates refinery, petchem operations

Unipetrol AS is planning to return units hampered by extended shutdowns at its refining and petrochemical operations in the Czech Republic to full production rates by yearend. Source: News