Mongolia signs oil shale feasibility agreement
04/19/2013
Genie Energy Ltd., Newark, NJ, said its Mongolian subsidiary signed an exclusive agreement to explore and evaluate the commercial potential of oil shale resources on 34,470 sq km in central Mongolia. |
Kosmos takes Antrim Porcupine basin farmout
04/18/2013
Kosmos Energy Ltd., Dallas, has taken a farmout from Antrim Energy Ltd., Calgary, covering Licensing Option 11/05 in the Porcupine basin offshore west of Ireland. |
Anadarko finds more Mozambique gas, oil shows off Kenya
04/18/2013
Anadarko Petroleum Corp.-led groups have drilled a new natural gas accumulation near the center of Offshore Area 1 in the Rovuma basin offshore Mozambique and encountered noncommercial oil shows off northern Kenya. |
Enbridge updates Eastern Access crude project progress
04/18/2013
Enbridge Inc. expects to complete reversal of its Line 9A crude oil pipeline between Sarnia and North Westover, Ont., this year, said Tom Hodge, project director, expansion and replacement project, at the API Pipeline Conference in San Diego. |
Mackenzie new BHP Billiton chief executive
04/18/2013
Andrew Mackenzie has been named chief executive officer of BHP Billiton Ltd., succeeding Marius Kloppers, who will retire. Mackenzie has been group executive and chief executive nonferrous. |
Output boost tested in field offshore Vietnam
04/18/2013
Tests of the floating production, storage, and offloading vessel on Te Giac Trang (TGT) oil field offshore Vietnam have confirmed production capacity beyond the 55,000-b/d minimum contractual rate, reports SOCO International PLC, a partner. |
MARKET WATCH: Bearish inventories, stronger dollar drop oil prices
04/18/2013
Commodity and equity markets took another pounding Apr. 17 with front-month crude falling 2.3% to a new low for the year in the New York futures market due to a bearish inventory report and a strengthening US dollar. |
Calls to build Keystone XL grow as DOS Nebraska hearings begin
04/18/2013
Calls for the Obama administration to authorize construction of the Keystone XL crude oil pipeline’s final segment increased as the US Department of State began hearings on the project in Grand Island, Neb., on Apr. 18. |
Nebraska Sioux County unconventional play eyed
04/18/2013
Stratex Oil & Gas Holdings Inc., Watertown, Conn., said it has leasehold interests in 6,000 net acres in Sioux County, northwestern Nebraska, where it said it is monitoring a possible unconventional shale play in northeastern reaches of the Denver basin. |
Tecpetrol, PetroNova test heavy oil on Llanos CPO-13
04/17/2013
Tecpetrol, Buenos Aires, will complete the Pendare-2 well on its 80% owned CPO-13 block in Colombia’s Llanos basin in the top of the Basal Carbonera sand unit and perform an extended production test in conjunction with the Pendare-1 well test. |
Atlas Pipeline to buy Teak Midstream
04/17/2013
Atlas Pipeline Partners LP has agreed to buy Eagle Ford shale natural gas gathering and processing company Teak Midstream LLC. |
States best qualified to regulate oil, gas, House panel told
04/17/2013
US states are the most qualified to regulate oil and gas development within their boundaries because they’re well acquainted with unique geological and environmental conditions there, officials from three state governments told the US House Natural Resources Committee. |
Chevron authorized to restart Frade oil field offshore Brazil
04/17/2013
Chevron Corp. has received final approval to restart oil production from Frade field off Brazil and was expected to bring the field on at about 20,000 b/d, said Inpex Corp., one of the partners. |
Second-phase work starts on Halfaya field
04/17/2013
A group led by PetroChina Co. Ltd. has begun work on the second phase of development of giant Halfaya oil field in Iraq, reports PetroChina parent China National Petroleum Corp. |
Alberta Oilsands eyes eastern Zambia rift basins
04/17/2013
Alberta Oilsands Inc., Calgary, has agreed to acquire an 80% interest in petroleum exploration licenses covering three rift basins in eastern Zambia. |
MARKET WATCH: Oil markets negative after big drop in previous session
04/17/2013
Oil markets generally were down Apr. 16 with front-month crude essentially flat after dropping to its lowest price of the year in the previous session on the New York market and North Sea Brent closing below $100/bbl for the first time since July. |
Rosneft, Marubeni sign agreement for joint oil, gas E&D
04/17/2013
Rosneft and Marubeni Corp. signed a memorandum of cooperation covering possible joint oil and exploration and development as well as associated LNG project implement, the companies reported. |
New UAE energy minister seeks energy efficiency
04/17/2013
Concerned about rising domestic oil consumption, the new minister of energy of the United Arab Emirates has called for national-level improvements in energy-use efficiency. |
DOE, Alaska DNR to study Arctic unconventional energy resources
04/17/2013
The US Department of Energy’s Fossil Energy Office and Alaska’s Department of Natural Resources agreed to work together along with potential investors to study unconventional energy resources in Alaska’s Arctic. |
Texas: Crimson updates Woodbine, Buda drilling
04/17/2013
Crimson Exploration Inc., Houston, said the second Woodbine oil well in its 2013 capital program came on line at 984 b/d of oil, 437 Mcfd of gas, and 86 b/d of natural gas liquids on a 26/64-in. choke. |
Africa Oil adds Dingley to Ethiopia, Somalia positions
04/17/2013
Africa Oil Corp., Vancouver, BC, said that Mark Dingley will join the company on May 1 as president of Africa Oil Ethiopia BV and chief operating officer of Horn Petroleum Corp. |
House panels discuss Terry’s Keystone XL authorization bill
04/16/2013
A second US House subcommittee heard testimony in support of a bill to let Congress approve the proposed Keystone XL crude oil pipeline project as the first, which held a hearing on Rep. Lee Terry’s (R-Neb.) measure on Apr. 10, marked up HR 3 for consideration by the full Energy and Commerce Committee. |
Williams Partners, Shell form midstream JV
04/16/2013
Williams Partners LP, Tulsa, and Royal Dutch Shell PLC have joined to form Three Rivers Midstream, a company to provide gas gathering and gas processing for production in northwest Pennsylvania. The venture will invest in both wet-gas handling infrastructure and dry-gas infrastructure serving Marcellus and Utica shale wells. |
LNG17: Speakers urge industry toward more openness, cooperation
04/16/2013
Calls for more and better cooperation between global LNG suppliers and market countries pervaded opening remarks from some of the world’s leading players at the first day of the 17th International Conference & Exhibition of Liquefied Natural Gas (LNG17), Houston. The 4-day event convenes every 3 years. |
Chatham House report warns against expansion of UK biofuels
04/16/2013
A London think tank study warned against expansion of biofuel use in the UK as the requirement rose to 5% by volume in transportation fuel on Apr. 15 and faced European pressure to increase further. |