BP PLC has lifted its total cumulative pretax charge for the 2010 Deepwater Horizon incident and oil spill by $5.2 billion to $61.6 billion after making “significant progress in resolving outstanding claims,” the firm said on July 14. Source: News

Par Pacific Holdings Inc., Houston, has completed its previously announced deal with Black Elk Refining LLC for the purchase of Wyoming Refining Co., which operates an 18,000-b/d refinery in Newcastle, Wyo., and through its wholly owned subsidiary Wyoming Pipeline Co. LLC, related logistics assets in the region. Source: News

Par Pacific Holdings Inc., Houston, has completed its previously announced deal with Black Elk Refining LLC for the purchase of Wyoming Refining Co., which operates an 18,000-b/d refinery in Newcastle, Wyo., and through its wholly owned subsidiary Wyoming Pipeline Co. LLC, related logistics assets in the region. Source: News

TransCanada Corp., four large pipeline unions, and the Pipe Line Contractors Association of Canada have signed a memorandum of understanding committed to the hiring of PLCAC and union members for work on the proposed Energy East Pipeline. Source: News

TransCanada Corp., four large pipeline unions, and the Pipe Line Contractors Association of Canada have signed a memorandum of understanding committed to the hiring of PLCAC and union members for work on the proposed Energy East Pipeline. Source: News

The light, sweet crude oil prices for August and September rose by nearly $1/bbl to close above $45/bbl on July 14, which analysts attributed to rising stock values and a falling US dollar. The rebound came a day after the front-month oil price settled at a 2-month low on the New York market. Source: News

The light, sweet crude oil prices for August and September rose by nearly $1/bbl to close above $45/bbl on July 14, which analysts attributed to rising stock values and a falling US dollar. The rebound came a day after the front-month oil price settled at a 2-month low on the New York market. Source: News

The US Bureau of Ocean Energy Management notified federal offshore oil and gas leaseholders that it is updating financial assurance and risk management requirements to ensure that taxpayers never have to pay for decommissioning and removing a company’s offshore production facilities. Officials from two trade associations quickly criticized the agency’s action. Source: News

Faroe Petroleum PLC has agreed to acquire interests in five producing oil and gas fields in the southern portion of the Norwegian North Sea from DONG E&P Norge AS for $70.2 million. The deal is effective Jan. 1, and expected to close by yearend. Source: News

Faroe Petroleum PLC has agreed to acquire interests in five producing oil and gas fields in the southern portion of the Norwegian North Sea from DONG E&P Norge AS for $70.2 million. The deal is effective Jan. 1, and expected to close by yearend. Source: News