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$67 Oil Has All The Majors Converging in Argentina

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Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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Marathon to serve as anchor shipper for Bakken Sandpiper Project pipeline

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Marathon Petroleum Corporation and Enbridge Energy Partners, L.P. of the construction of the Sandpiper Project, which will become part of Enbridge Energy Partners’ North Dakota System when it is completed. Sandpiper is targeted to be operational in early 2016. Sandpiper is targeted to be operational in early 2016.

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Marathon acquires additional Eagle Ford Shale assets for $3.5B

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Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 Production expected to increase to approximately 80,000 net boe per day by 2016. —Clarence P. Cazalot Jr.,

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Accelergy Begins Production of Synthetic Jet Fuel from Coal and Biomass; USAF to Evaluate for 100% Synthetic Fuel Use

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Accelergy Corporation has begun production of a synthetic fuel from coal and biomass, to be evaluated by the United States Air Force (USAF) as the industry benchmark for 100% synthetic jet fuel. Camelina oil. Production from this facility will commence in the 3 rd quarter of this year. Groenewold, Director of the EERC.

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