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AWE Ltd., Sydney, has received a rival bid to the second China Energy Reserve & Chemicals Group (CERCG) offer that was lodged on Dec. 8. The new entrant in what is becoming a bidding war for AWE is Perth-based mining and mining services group Mineral Resources Ltd. (MinRes), the company which earlier this year acquired fellow Perth firm Empire Oil & Gas NL. 

Ultra Petroleum Corp. has produced 1.1 bcf of natural gas equivalent in 30 days from its Warbonnet 9-23-A-1H well, which the operator successfully completed in late October on the East Flank of Wyoming’s Pinedale anticline.

Light, sweet crude oil gained on Dec. 12, settling just under $58/bbl on the New York market while Brent crude oil jumped more than a $1 for a second consecutive day to settle well above $64/bbl.

Indian Oil Corp. Ltd. (IOC) is investigating the cause of a fire that broke out on Dec. 12 in a major processing unit of its 15 million-tonne/year full-conversion refinery at Paradip in India’s state of Odisha on the country’s northeastern coast.

Eclipse Resources Corp., College Station, Pa., and affiliates have entered separate agreements to purchase oil and gas interests and midstream assets in Tioga and Potter counties, Pa.

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