Industry Insights

US government energy diplomacy efforts in Africa are making progress because they emphasize helping governments there adapt to market changes, diversify supply options, and embrace more transparent resource governance, Principal Deputy Assistant Secretary of State for Energy Resources Mary B. Warlick said. Source: News

The outlook for the world oil market is now dominated most by the outcome of the ministerial meeting of the members of the Organization of Petroleum Exporting Countries in Vienna on Nov. 30, the International Energy Agency said in the November issue of its Oil Market Report. OPEC announced 2 months ago in Algiers that […]

Puma Energy International BV has agreed to acquire BP PLC’s bulk storage fuel terminal in Belfast. Source: News

Blackhill Partners, Dallas, said it has completed the large restructuring of Pacific Exploration & Production (formerly Pacific Rubiales), Toronto, and related entities. Source: News

Island Energy Services LLC, a subsidiary of One Rock Capital Partners LP, New York, has completed its acquisition of Chevron USA Inc.’s 54,000-b/d Kapolei, Ha., refinery on the island of Oahu and other associated Hawaiian downstream assets. Source: News

ConocoPhillips intends to divest $5-8 billion in assets primarily relating to North American natural gas as part of its effort to accelerate “the company’s value proposition of a strong balance sheet, growing dividend, and disciplined growth.” Source: News

Krishna Shivram has been named interim chief executive officer of Weatherford International PLC, replacing Bernard J. Duroc-Danner, who has departed the company as CEO, president, and chairman. Source: News