• Rosneft, ExxonMobil Release Terms for Strategic Cooperation Agreement
  Rosneft and ExxonMobil signed agreements to implement a long-term Strategic Cooperation Agreement to jointly explore for and develop oil and natural gas in Russia and to share technology and expertise.
• Texas to Play Significant Role in Future U.S. Crude Oil Growth
  The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 MMbopd in the next few years, said Texas Railroad Commissioner Barry Smitherman.
• Repsol to Study Legal Measures Against YPF Nationalization
  Spain’s flagship oil company Repsol said that Argentina’s decision to nationalize unit YPF was “clearly illegal and gravely discriminatory.”
• Total Makes Significant Progress towards Stopping Elgin Leak
  Total says several further helicopter flights may be required to stop the gas leak at the Elgin well.
• Oil Spill Dangers Still Remain after Macondo Incident
  The second anniversary of America’s worst environmental disaster on Friday should serve as a reminder to the nation that there remains much work to be done.
• Dash of Carbon Ups Absorbability of Nanosponges
  Researchers at Rice Univ. and Penn State have discovered that adding a dash of boron to carbon while creating nanotubes gives them an astounding ability to absorb oil spilled in water.
• KazMunaiGas EP Open to Taking Stake in Kashagan
  KazMunaiGas is ready and willing to join oil majors ExxonMobil and Total in developing the giant Kashagan field, said Alik Aidarbayev.
• Chancellor Pours Oil on Troubled North Sea
  The mood in Britain’s O&G industry was so buoyant after last month’s Budget, it was difficult to believe the North Sea has suffered from 12 consecutive years of rapid declines in production.
• Utah’s Challenge: Get Its Waxy Crude Oils Flowing
  Utah has four of the nation’s 100 largest oil fields, but development of its black wax crude has been slow in coming.

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