Industry News

Denbury Resources Inc. has entered into an agreement to sell its Bakken assets in North Dakota and Montana to Exxon Mobil Corporation and its wholly owned subsidiary XTO Energy Inc.

  Chevron Corporation has announced that its subsidiary, Chevron U.S.A. Inc., has agreed to acquire 246,000 net leasehold acres in the Delaware Basin in New Mexico, a part of the Permian Basin, from Chesapeake Energy Corporation.

GE Oil & Gas has signed a record deal of nearly $1.1B (USD) with Brazilian energy company Petrobras. This is the world's largest subsea wellhead production contract.

The Carlyle Group L.P. And Sunoco Inc. have completed the formation of the Philadelphia Energy Solutions joint venture that will operate the Philadelphia Refinery, which has a processing capacity of 330,000 barrels of crude oil per day.

 The Nuclear Regulatory Commission (NRC) staff has issued its Safety Evaluation Report with open items for the license renewal application for the 908 MW Davis-Besse Nuclear Power Station in Oak Harbor, OH. The four open items are: management of shield building cracks during the period of extended operation, operating experience review prior to entering the period of extended operation, time-limited aging analysis of reactor vessel neutron embrittlement and pressure-temperature limits. The results show that plant owner FirstEnergy Nuclear Operation Co.

Xcel Energy said operators returned the 600 MW Monticello Nuclear Generating Plant near Monticello, Minn., and the Prairie Island Nuclear Generating Plant Unit 1, to full power August 20 after shutting them down the week prior. The Monticello plant was returned to full power after workers repaired a gasket on a pipe flange.

The Government of the Republic of Trinidad and Tobago announced a deepwater competitive bid round for six offshore blocks in the East Coast Marine Area and Trinidad and Tobago Deep Atlantic Area earlier this year.

Wison Offshore & Marine Ltd. And BPZ Energy have announced that the world's first buoyant tower drilling and production platform is en route to Corvina field offshore Peru.

Following more than a year of development, STARS Alliance LLC has achieved legal identity after the chief nuclear officers of seven US plants added their signatures to official paperwork.

El Salvador's El Esplendor Development Corp and Israel's SDE Wave Power Plants company have formed an alliance to execute Wave Power Technology in California and El Salvador.   SDE is a leader in planning, building and marketing power stations that produce power from ocean waves.