Teine Energy to acquire Saskatchewan assets for $975 million

Teine Energy Ltd. has agreed to acquire all of fellow Calgary-based firm Penn West Petroleum Ltd.’s assets in Saskatchewan, including the Dodsland Viking area, for $975 million in cash. The deal is effective May 1 and expected to close in the second quarter. Source: News


API, Mexico regulatory agency agree to share standards, practices

The American Petroleum Institute and Mexico’s recently created oil and gas regulatory agency, the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector (ASEA), reached an agreement for ASEA to get access for its safety programs to API’s technical standards and recommended practices. Source: News


Statoil completes drilling program off Newfoundland and Labrador

Statoil ASA said it completed a nine-well drilling program in 19 months in a frontier area offshore Newfoundland and Labrador. The effort resulted in two oil discoveries with the Bay de Verde and Baccalieu prospects in the Bay du Nord area. Source: News


Statoil completes drilling program off Newfoundland and Labrador

Statoil ASA said it completed a nine-well drilling program in 19 months in a frontier area offshore Newfoundland and Labrador. The effort resulted in two oil discoveries with the Bay de Verde and Baccalieu prospects in the Bay du Nord area. Source: News


Citgo, Aruba ink deal to restart idled refinery

Citgo Petroleum Corp., an indirect wholly owned subsidiary of Petroleos de Venezuela SA (PDVSA), has reached an agreement with the Aruban government to restart Valero Energy Corp.’s former 235,000-b/d refinery in San Nicolas, Aruba. Source: News


Statoil approved to start Rutil development in North Sea

A consortium led by Statoil ASA has been given consent by the Norwegian Petroleum Directorate (NPD) to start up facilities and production on the Rutil deposit on Gullfaks South in the Tampen area of the North Sea. Production is scheduled to start in August-September. Source: News


Statoil approved to start Rutil development in North Sea

A consortium led by Statoil ASA has been given consent by the Norwegian Petroleum Directorate (NPD) to start up facilities and production on the Rutil deposit on Gullfaks South in the Tampen area of the North Sea. Production is scheduled to start in August-September. Source: News