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CSIS forum: More cooperation needed to address Arctic challenges

Fri, Apr 17, 2015

More cooperation not just between government and the oil and gas industry, but with a broad range of residents and businesses inside and outside Alaska, is essential to address pressing infrastructure challenges there, speakers at a Center for Strategic and International Studies forum agreed.

BLM proposes higher onshore oil, gas royalty rates

Fri, Apr 17, 2015

The US Bureau of Land Management is proposing changes to federal onshore oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps, and financial assurances, US Interior Secretary Sally Jewell announced. Comments on the Advanced Notice of Possible Rulemaking (ANPR) will be accepted for 45 days following its publication in the Federal Register next week.

Letter to museums betokens nastiness of climate politics

Fri, Apr 17, 2015

Activism has usurped science in the politics of climate change to the extent that its unhinged polemic discredits itself.

BHI: US rig count cut in more than half since Dec. 5

Fri, Apr 17, 2015

The US drilling rig count fell 34 units—all on land—to 954 rigs working during the week ended Apr. 17, according to data from Baker Hughes Inc.

Oil Search decides on complete exit from Yemen

Fri, Apr 17, 2015

Sydney and Port Moresby-based Oil Search Ltd. has decided on a complete exit from its acreage in Yemen.

API: US demand for petroleum rose in March, first quarter

Fri, Apr 17, 2015

Total US petroleum deliveries, a measure of demand, averaged 19.2 million b/d in March, up 3.4% from a year ago and the highest level for the month since 2011, according to the American Petroleum Institute’s monthly statistics for March. Total demand in the first quarter gained 2.2% year-over-year.

Yasref continues exports, commissioning activities at Yanbu refinery

Fri, Apr 17, 2015

Yanbu Aramco Sinopec Refining Co. Ltd. (Yasref), a joint venture of Saudi Aramco (62.5%) and China Petrochemical Corp. (Sinopec) (37.5%), has exported the first shipment of petroleum coke (petcoke) from its 400,000-b/d refinery in Yanbu Industrial City on the west coast of Saudi Arabia along the Red Sea.

Petrobras tallies discoveries in Espirito Santo, Amazon basins

Fri, Apr 17, 2015

Petroleo Brasileiro SA (Petrobras) has made separate oil and gas discoveries in the Espirito Santo and Amazon basins.

More rig day rate, fleet use declines seen

Fri, Apr 17, 2015

Drilling contractors, onshore and offshore, face further declines in day rates and fleet utilization this year as operators slash activity in response to a crude-price slump that shows no sign of early recovery, warns Fitch Ratings.

Delta House flow starts in Gulf of Mexico

Fri, Apr 17, 2015

Production has begun at the Delta House semisubmersible floating production system operated and partly owned by LLOG Exploration Co. on Mississippi Canyon Block 254 in the Gulf of Mexico.

MARKET WATCH: NYMEX, Brent continue upward momentum

Fri, Apr 17, 2015

Crude oil prices for May delivery climbed for a sixth consecutive day on both New York and London markets Apr. 16, which analysts attributed to signs of a possible slowing in US oil production.

BOEM, BSEE extend comment period for proposed Arctic drilling rules

Fri, Apr 17, 2015

The US Bureau of Ocean Energy Management and Bureau of Safety and Environmental Enforcement extended the comment period for proposed oil and gas drilling regulations on the US Arctic Outer Continental Shelf by 30 days.

Japanese group investing in deepwater FPSO offshore Brazil

Thu, Apr 16, 2015

Four Tokyo-based companies are investing in a 20-year charter for a floating production, storage, and offloading vessel to be moored in 765 m of water offshore Brazil in fourth-quarter 2017.

Total details revamp, conversion plan for French refineries

Thu, Apr 16, 2015

Total SA said it will spend €600 million to revitalize its refining business in France with projects that include an overhaul of the 220,000-b/d Donges refinery near Saint Nazaire, as well as a permanent shuttering of crude processing activities at the 153,000-b/d La Mede refinery on the French Riviera.

Second Mid-Atlantic sale needed in next OCS plan, House panel told

Thu, Apr 16, 2015

The US Department of the Interior should schedule a second Mid-Atlantic Outer Continental Shelf oil and gas lease sale—and hold it earlier than in 2021—as it prepares its final 2017-22 OCS management plan, witnesses told a US House Natural Resources subcommittee.

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