| Category Archive | Exploration Development | General Interest | Market Journal | Transportation | Processing | Drilling Production | Unconventional Resources | Market Watch | Editors Perspective | OGJ Gold

• 12/12/2012 -- MARKET WATCH: Oil regains portion of recent losses
  Oil posted modest gains Dec. 11 with front-month crude closing marginally higher in an afternoon rally despite weakness in early trading, ending a 5-session losing streak in the New York market.
• 12/12/2012 -- IEA: Modestly higher global oil demand expected in fourth quarter
  Stronger-than-expected preliminary October demand data and signs of improving Chinese sentiment pushed the International Energy Agency’s December forecast of fourth-quarter global oil demand to 90.5 million b/d, 435,000 b/d more than November’s forecast, the agency said in its latest monthly Oil Market Report.
• 12/12/2012 -- UK decommissioning relief details welcomed
  Oil & Gas UK welcomed publication by the UK Treasury of details of agreements between the government and oil and gas operators covering tax relief for decommissioning offshore facilities.
• 12/12/2012 -- BHP Billiton sells out of Browse LNG project
  BHP Billiton has sold all its interests in the Woodside Petroleum-led Browse LNG joint venture to PetroChina for $1.63 billion.
• 12/12/2012 -- Rosneft finalizes plans to buy AAR's half of TNK-BP
  OAO Rosneft finalized plans to buy a 50% stake in TNK-BP from the AAR Consortium (Alfa Group, Access Industries, and Renova Group) for $28 billion as outlined in a previously announced agreement in principle.
• 12/11/2012 -- Montana completes pipeline safety review
  Montana’s Oil Pipeline Safety Review Council, formed July 20, 2011, in the wake of ExxonMobil Pipeline Co.’s 1,000-bbl crude spill into the Yellowstone River, has issued its recommendations to the governor’s office.
• 12/11/2012 -- ExxonMobil sees gas displacing coal as world's No. 2 energy source
  Natural gas appears likely to supplant coal as the world’s second biggest energy source—after crude oil—by 2025, ExxonMobil Corp. said as it released its 2013 Energy Outlook.
• 12/11/2012 -- MARKET WATCH: Demand concerns wipe out early crude price gains
  Crude prices rose in early trading Dec. 10 on indications of stronger Chinese imports, but those gains disappeared in a later selloff in the New York market on concerns US demand will fall. The result was a general decline in energy prices.
• 12/11/2012 -- UK to set up office for unconventional gas, oil
  UK Chancellor George Osborne and Energy Sec. Ed Davey emphasized the need for new natural gas supplies, saying the government plans to establish an Office for Unconventional Gas and Oil.
• 12/10/2012 -- Judge dismisses civil claims against Nalco from Macondo cleanup
  A federal district judge in New Orleans dismissed 24 individual claims against Nalco Co. stemming from the 2010 Macondo deepwater well crude oil spill cleanup.