As per reports by the state run Korea National Oil Corporation, South Korea’s dependence on Middle Eastern crude oil edged up 1.4% to 83.1% in the first 4 months of 2009 compared with the same period in 2008. For full story, click here
South Texas Oil declared that it has completed the sale of $555,000 worth of secured convertible notes in a private placement transaction. For full story, click here
Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, declared financial and operating results for the quarter ended March 31, 2009. For full story, click here
South Korea’s S-Oil Corp declared that it has cut crude runs to 460,000 barrels per day in April from 480,000 bpd in March due to planned maintenance at one of its crude units. For full story, clcik here
Iraq’s South Oil Company announced that it has issued a tender for a 75,000-barrel-per-day crude oil process plant in the super giant South Rumaila oil field. For full story, click here
South Korean firms announced that they would continue drilling for oil in an autonomous region of Iraq despite a decision by the central government to ban them from taking part in tenders. For full story, click here
South Korea’s SK Energy reported that it will keep crude operation rates steady in April from March after it decided to postpone the shutdown of its No.4 crude unit. For full story, click here
South Texas Oil Company reported year-end 2008 financial and operating results. For full story, click here
South Dakota utilities regulators have started the formal process of considering TransCanada Keystone Pipeline’s application to build a second crude oil pipeline through the state. For full story, click here
South Korea’s oil product exports dipped last month, down more than two thirds from a record high in July last year, hit by weak demand and low crude oil prices. For full story, click here
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