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Southeast Asia’s long-term oil and gas security remains uncertain despite current global supply abundance and low prices, the National Bureau of Asian Research’s Energy Security Program director told a US House Foreign Affairs subcommittee.

Irving Oil Ltd., Saint John, NB, has closed its purchase of the 71,000-b/d Whitegate refinery near Cork, Ireland, from Phillips 66.

Total E&P USA said it is exercising its preemption right to acquire Chesapeake Energy Corp.’s 75% interest in the jointly held Barnett shale operating properties near Fort Worth. Total already owns the remaining 25% and will become the operator.

Resource Energy Can-Am LLC, Denver, entered a stalking-horse agreement with bankrupt Samson Resources Co., Tulsa, to buy Bakken play properties in North Dakota and Montana for $75 million.

International news for oil and gas professionals