Fwd: House committee passes bill to promote NPR-A access

-------- Original Message --------

Subject:	House committee passes bill to promote NPR-A access
Date:	Thu, 14 Jul 2011 15:43:00 -0500 (CDT)
From:	Oil & Gas Journal <news@ogjo-media.com>
Reply-To:	Oil & Gas Journal <news@ogjo-media.com>
To:	nbrauchitsch@yahoo.com

OGJ Daily Update |View online| July 14, 2011| Forward to a Friend

• Market Summary • World Markets • Major Indices • OGJ 200 Index • Oil / Energy Sector • Market Movers • Energy Research • Energy Jobs • Forward to a Friend House committee passes bill to promote NPR-A access The US House Natural Resources Committee approved legislation aimed at removing bureaucratic obstacles and improving access to oil and gas within the National Petroleum Reserve-Alaska by 28 to 14 votes on July 13. ExxonMobil starts plan for Silvertip oil line replacement ExxonMobil Pipeline Co. has begun preliminary work toward replacing the damaged segments of its 69-mile, 12-in. OD Silvertip crude pipeline, which ruptured July 1 and leaked 750-1,000 bbl of oil into the Yellowstone River in Montana. ConocoPhillips to split into upstream, downstream companies ConocoPhillips plans to separate its upstream and downstream businesses into two stand-alone, publicly traded corporations via a tax-free spinoff of the refining and marketing business to ConocoPhillips shareholders. MARKET WATCH: Hint of more economic stimulus boosts energy prices Energy prices continued climbing July 13, with crude posting a small gain in the New York market on a weaker dollar after Federal Reserve Chairman Ben Bernanke indicated an additional monetary stimulus may be in the works. Maverick Georgetown completion attempt set Petrolympic Ltd., Toronto, will attempt completion of a Maverick basin well in the Georgetown formation on the Chittim Ranch as part of an earn-in agreement with Texas HBP and Shell Western E&P Inc. Georgia: Mukhiani-1 onshore wildcat spuds A group led by Range Resources Ltd., Perth, has spudded the Mukhiani-1 onshore wildcat in Georgia towards a projected target depth of 3,500 m. Malaysia: Lundin spuds Miocene prospect off Sabah Lundin Petroleum AB has spud an exploratory well on the Cempulut prospect on Block SB303 off Sabah, Malaysia. Mongolia: Vibroseis 2D survey to cover two blocks A second seismic survey is starting on the Zuunbayan-XIV and Tsagaan Els-XIII blocks in Mongolia, said Manas Petroleum Corp., Baar, Switzerland. Turkmenistan: Third Cheleken rig reactivated Dragon Oil PLC has refitted the previously stacked Rig 40 and resumed drilling on the Dzheitune (Lam) 13 platform in the Caspian Sea off Turkmenistan. ConocoPhillips eyes Canning shale prospects A ConocoPhillips unit has signed a nonbinding heads of agreement with New Standard Energy Ltd., Perth, for an exclusive negotiating period that could lead to joint exploration of NSE’s Goldwyer shale project in the Canning basin onshore Western Australia. IEA: Refinery investments set for 2012 rebound Following a slowdown in refining capacity investments this year, next year will see a slew of refinery projects completed, the International Energy Agency said in its latest monthly oil market report. Realm Energy names exploration vice-president Realm Energy International Corp., White Rock, BC, named Lindell C. Bridges as vice-president, exploration. Share On:

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