-Suncor has begun planned maintenance at its Montreal refinery. Via the Oil & Gas Journal, maintenance activity will last 11 weeks and involve approximately 1,800 employees and contract workers.
-BASF will dissolve its paper chemicals business as of Jan. 1. The company said its wet-end chemicals and kaolin businesses would be integrated into its Performance Chemicals division. BASF is evaluating options for its paper hydrous kaolin business. The paper dispersions business and the Center for Sustainable Paper Packaging will be folded into BASF’s Dispersions & Pigments segment. BASF said about 50 jobs would be eliminated as a result of the reorganization.
-BP signed a 20-year agreement to sell 0.4 million tons of LNG per year to Singapore’s Pavilion Energy. Pavilion also signed a deal with Sempra Energy to buy 0.4 million tons of LNG per year from the Cameron LNG facility.
-Atlas Resource Partners agreed to acquire 12 million barrels of oil-rich reserves in the Eagle Ford shale for $225 million. The assets include 22 producing wells and 19 undeveloped locations in Atascosa County, Texas. In addition, the company’s E&P development subsidiary Atlas Energy will acquire eight wells that have been drilled but not completed and 53 undeveloped drilling locations for $115 million.
-Meanwhile, Cabot Oil & Gas agreed to buy 30,000 net acres in the Eagle Ford for $210 million. The assets are producing 1,600 barrels of oil equivalent per day and include 17,000 acres near Cabot’s Buckhorn operating area.
