Mexico’s Petroleos Mexicanos (Pemex) has extinguished the second fire within a 2-week period at its 315,000-b/d Miguel Hidalgo refinery in Tula, Hidalgo state. Source: News
Hovensa enters deal for sale of St. Croix refining assets, files for bankruptcy
Hovensa LLC, the joint venture of Hess Corp. and Petroleos de Venezuela SA (PDVSA), has entered a deal to sell terminal assets connected to its idled 500,000-b/d refinery on the island of St. Croix, US Virgin Islands. Source: News
Statoil Brazil lets contract for Peregrino development
Statoil Brazil, on behalf of its partners in the Peregrino field license, has let a contract to Wood Group to provide 4-year operations and maintenance for the Alpha and Bravo wellhead platforms as well as modification services for both units and the Peregrino floating production, storage, and offloading vessel. Source: News
Suncor to add 10% interest in Fort Hills oil sands project
Suncor Energy Inc., Calgary, has agreed to acquire 10% working interest in the Fort Hills oil sands project from Total E&P Canada Ltd. for $310 million (Can.), or $230 million (US). The deal is expected to close by yearend. Source: News
Resources, energy minister appointed for Northern Australia
New Australian Prime Minister Malcolm Turnbull has unveiled his new cabinet, appointing former Assistant Treasurer Josh Frydenberg as federal minister for resources, energy, and Northern Australia. Source: News
MARKET WATCH: NYMEX oil price sinks on Fed concerns about world economy
Oil prices sank more than $2/bbl on the New York market Sept. 18 as market participants reacted to comments from the US Federal Reserve about a soft global economy. Fed officials cited worries about how a slowing economy in China could affect the US economy. Source: News
Study finds EISA 2007 law’s renewable fuel mandates won’t work in 2015
It will not be feasible for the US to reach renewable fuel volumes that the Energy Independence and Security Act of 2007 (EISA 2007) mandates in 2015 and beyond, a study commissioned by the American Petroleum Institute concluded. Source: News
Environmentalists urge Obama to end federal leasing, draw criticism
A coalition of more than 400 environmental organizations and individuals planned to formally ask the Obama administration to stop new federal fossil fuel leasing on public lands and oceans in the US. Oil and gas trade associations and other business groups quickly called the idea unrealistic. Source: News
Forgotten principles
Energy policy helps explain why real estate mogul Donald Trump dominates competition to become the Republican Party’s candidate in the 2016 presidential election. Source: News
OGJ Newsletter
International news for oil and gas professionals Source: News