Most Recent Stories

Clean Power Plan ignores gas’s potential role, industry groups say

Mon, Aug 3, 2015

The Obama administration’s final rule to curb US power plants’ greenhouse gas emissions did not acknowledge natural gas’s potential contributions, officials from two national oil and gas associations initially said in separate statements following the regulation’s Aug. 3 release.

KRG to tap oil sales to pay companies

Mon, Aug 3, 2015

The Kurdistan Regional Government (KRG) said it will allocate to international oil companies working in the Kurdish region of Iraq some of the revenue it receives from direct crude oil sales at Ceyhan, Turkey.

Egypt advances refinery modernization projects

Mon, Aug 3, 2015

Egypt has finalized a series of joint agreements with a subsidiary of Technip SA, Paris, to provide work on projects designed to upgrade and modernize operations at two of the country's aging refineries.

Minister: GAIL ‘running behind schedule’ on three pipeline projects

Mon, Aug 3, 2015

India’s minister of petroleum and natural gas says GAIL (India) Ltd. is “running behind schedule” on three pipeline projects.

Devon elects Hager as president, chief executive officer

Mon, Aug 3, 2015

Devon Energy Corp. has elected Dave Hager, most recently the company’s chief operating officer, as its president and chief executive officer. Hager succeeds John Richels, who announced plans to retire in December 2014. Hager assumed the roles of president and chief executive officer on Aug. 1, the day after Richels’ retirement became effective.

BG lets contract for seismic survey offshore Honduras

Mon, Aug 3, 2015

BG International Ltd. Sucursal Honduras has let a contract to Fugro for an integrated multibeam echosounder survey and seabed coring project offshore Honduras.

Woodside lets contract for Browse FLNG project

Mon, Aug 3, 2015

Woodside Petroleum Ltd. has let a 12-month, $6-million contract to Wood Group Kenny (WGK) to carry out a front-end engineering and design job for the Woodside-led joint venture’s proposed Browse floating LNG (FLNG) project.

Energy panel votes to send broad policy bill to Senate floor

Mon, Aug 3, 2015

The US Senate Energy and Natural Resources Committee sent the broad energy policy bill developed by Chair Lisa Murkowski (R-Alas.) and Ranking Minority Member Maria E. Cantwell (D-Wash.) to the full Senate for final debate by 18 to 4 votes on July 30. Eight committee Democrats joined 10 Republicans in supporting it, Murkowski said.

OGUK cites possible production increase for 2015

Mon, Aug 3, 2015

Oil & Gas UK says production from the UK Continental Shelf could increase this year for the first time in 15 years.

Lime Petroleum due Norwegian Sea stakes

Mon, Aug 3, 2015

Lime Petroleum Norway AS has agreed to acquire 50% of the PL760 and PL760B licenses in the Norwegian Sea from Enquest Norge AS. Terms weren’t reported.

Cidade de Itaguai FPSO starts production from Santos basin

Mon, Aug 3, 2015

The Cidade de Itaguai floating production, storage, and offloading vessel started production on July 31 from the Iracema North area of Lula field on the Petroleo Brasileiro SA-operated BM-S-11 block offshore Brazil.

MARKET WATCH: NYMEX, Brent crude oil prices falling on rig count, ample supply

Mon, Aug 3, 2015

Light, sweet crude oil prices each dropped more than $1/bbl in July 31 trading and continued sliding in early Aug. 3 trading after a weekly US rig count showed another gain in rigs targeting oil for the week ended July 31, renewing concerns that ample world oil supplies is likely to continue.

Starting with what's possible

Mon, Aug 3, 2015

Before anyone snickers too loudly that the "comprehensive" energy bill the US Senate Energy and Natural Resources Committee planned to mark up on July 28 contained no significant oil and gas provisions, consider this long-held congressional truth: Start with what's possible before attempting the impossible.

EPA initiatives give new meaning to political gridlock

Mon, Aug 3, 2015

Bad energy policy has one positive attribute: a strong tendency for mistakes to devour themselves.

Financial sanctions impact Russian oil, equipment export ban's effects limited

Mon, Aug 3, 2015

In reaction to Russia's involvement in the conflict in Ukraine, the European Union and the US have launched two-pronged sanctions against the Russian oil sector.

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