Bloomberg reported that Imperial Oil Ltd, one of Canada’s biggest oil producers, announced that sales from the C$12.9B Kearl oil-sands project will start in the third quarter. The project is expected to produce 110,000 bpd and grow to 345,000 bpd.
BNK Petroleum (TSX:BKX) announced that its previously announced sale by BNK Petroleum US (subsidiary) to XTO Energy Inc. of its Tishomingo Field, Oklahoma assets for US$147.5 million has been closed.
Bloomberg reported that two people familiar with the matter said the Kurdish government of Iraq has signed an agreement with Turkey to supply it directly with oil.
Bloomberg reported that Canadian oil for June delivery gained 50 cents to $15.25 per barrel as traders speculate the first Kearl delivery of supply may be delayed until the 3rd quarter.
Bloomberg reported that Exxon Mobil Corp wants to acquire oil blocks in Brazil and will join 70 other companies including Royal Dutch Shell, BHP Billiton, and Mitsui for an oil block auction scheduled in mid-May.
Reuters reported that Exxon Mobil was digging out Arkansas oiled lawns where the Pegasus pipeline ruptured, in order to replace them with fresh sod but the line remains shut with no clear indication as to when it would re-open.
Reuters reported that the United States Department of Transportation wants Exxon Mobil Corp to pay $1.7 million for violating pipeline safety relating to an oil spill that occurred in 2011 in the Yellowstone River.
Bloomberg reported that OAO Rosneft’s $55 billion takeover of TNK-BP will make it bigger than Exxon Mobil, as the Soviet-era wells allow it to pump almost 5% of the world’s oil.
Bloomberg reported that oil thieves that attacked Nigeria’s oil companies have returned and sabotaged pipelines, causing oil companies such as Royal Dutch Shell Plc to declare force majeures and robbing them of at least a tenth of their daily production.
With its soaring oil and gas production will push North America into becoming a net energy exporter by 2025, Exxon Mobil said in its annual energy outlook.
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