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  • WoodMac: Wolfcamp capital spend could exceed Bakken by 2017

    Wolfcamp capex is set to exceed $12 billion in 2014, or 80% of what will be spent in the Bakken  according to Wood Mackenzie. Today, the Wolfcamp ranks third in tight oil spend compared to the Bakken and Eagle Ford, but could overtake the Bakken for the number two spot by as early as 2017.


    Iraq threatens as tanker with Kurdish oil anchors off the Texas coast

    Drama is unfolding as a tanker with one million barrels of Kurdish crude oil from northern Iraq lies at anchor 60 miles off the port of Galveston, Texas, in international waters, reported Platts.  


    Central processing facility on West Qurna-2

    Lukoil returning investments on West Qurna-2 project in Iraq

    A crude carrier chartered by LUKOIL's international marketing and trading arm arrived July 30 in South Iraq's port of Basra to receive the first batch of oil as part of the recovery of LUKOIL's costs from phase one of the West Qurna-2 project.


    Resurgent IPO market provides fresh capital for increasing deal activity

    YTD, the upstream A&D markets are significantly outperforming year-ago comparisons. An emerging theme adding more capital for acquisitions is the resurgence of upstream IPOs which, so far in 2014, are shaping up to the best in several years.  


    US State Department names Hochstein as acting head of of Bureau of Energy Resources

    The US State Department has named Amos Hochstein as acting head of the Bureau of Energy Resources, effective Aug. 1.


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    Commodity Indices

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