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• Romanian Black Sea gets deepwater gas find Romanian Black Sea gets deepwater gas find A deepwater wildcat in the western Black Sea off Romania has discovered an accumulation initially pegged at 1.5 to 3 trillion cu ft of gas whose commerciality isn’t assured, press reports said Wednesday.
  
  Source: Latest News
  Created on: 22 Feb 2012 | 2:28 pm
  
  Latest News | 22 Feb 2012 | 2:28 pm
• Oil costs, taxes still key gasoline price components, says API Oil costs, taxes still key gasoline price components, says API Crude oil costs and taxes are still bigger influences than refinery production and product exports in gasoline price increases, American Petroleum Institute Chief Economist John C. Felmy said.
  
  Source: Latest News
  Created on: 22 Feb 2012 | 11:12 am
  
  Latest News | 22 Feb 2012 | 11:12 am
• Mitsubishi to buy stake in Talisman Papua New Guinea gas assets Mitsubishi to buy stake in Talisman Papua New Guinea gas assets Mitsubishi Corp. agreed to pay Talisman Energy Inc. $280 million for a stake in nine natural gas blocks in Papua New Guinea's onshore Western Province, subject to approvals by government and joint venture partners.
  
  Source: Latest News
  Created on: 22 Feb 2012 | 11:04 am
  
  Latest News | 22 Feb 2012 | 11:04 am
• Shell unit makes offer to buy Cove Energy Shell unit makes offer to buy Cove Energy A Royal Dutch Shell PLC subsidiary has offered to buy Cove Energy PLC for $1.6 billion in a move that would mark Shell’s entry into Mozambique and Kenya. Cove also has holdings in Tanzania where Shell already has a presence.
  
  Source: Latest News
  Created on: 22 Feb 2012 | 11:01 am
  
  Latest News | 22 Feb 2012 | 11:01 am
• Connacher delays oil sands expansion, names CEO Connacher delays oil sands expansion, names CEO Connacher Oil & Gas Ltd., Calgary, which last month disclosed a strategic review following key management changes, has delayed the planned expansion of its Alberta oil sands production project and named an interim chief executive officer (OGJ Online, Jan. 20,[…]
  
  Source: Latest News
  Created on: 22 Feb 2012 | 10:54 am
  
  Latest News | 22 Feb 2012 | 10:54 am

Industry news courtesy of the Oil and Gas Journal

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