Monthly Archives: December 2013

REPOST: Oil Rises, Gasoline Higher On Refinery Outages

Supply concerns affected the gas futures, according to this Rigzone.com article. Read more: *** Oil prices rose and gasoline futures hit a three-month high on Friday, fueled by spread trading and supply concerns. A string of glitches at U.S. refineries … Continue reading

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REPOST: US High Court Rejects Oil Spill Contempt Case

The Supreme Court declined to review the appeals about the aftermath of the 2010 Gulf of Mexico oil spill. Read the details in the Rigzone.com article below: *** WASHINGTON, Dec 16 (Reuters) – The U.S. Interior Department will not be … Continue reading

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REPOST: East Africa exploration update

The Tultule-1 wildcat well in the South Omo will be plugged and abandoned as a dry hole. Read the details from this online article: *** Tullow Oil plc (Tullow) announces that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia, … Continue reading

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REPOST: Statoil awarded exploration permit offshore New Zealand

Statoil may begin with their extensive dialogue process with New Zealand authorities, as it obtained exploration permit in the Reinga-Northland Offshore Release Area. Read more from this article:  *** Statoil has obtained 100% equity share in an exploration permit in … Continue reading

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