International news for oil and gas professionals
As the end of each year approaches, an accounting of its events typically emerges. This is no less the case in the pipeline industry than it is for movies, politics, or charities.
The day before state-owned CNOOC Ltd. received measured approval from the Canadian government to take over Nexen Inc., an official of the US Department of State was in Nanjing telling China why it should expect resistance while asset-shopping abroad.
Companies included in an OGJ sample of US-based producers and refiners reported mixed third-quarter earnings, and the biggest company, ExxonMobil Corp., said declining production along with low US natural gas prices hindered upstream financial performance compared with last year.
The UK government lifted a temporary moratorium on hydraulic fracturing, opening the way for exploration and development of unconventional natural gas just days after UK Chancellor George Osborne announced a push for gas development in his Autumn Statement.
The US Pipeline and Hazardous Materials Administration is expected to announce new safety regulations in 2013 under the latest federal pipeline safety law.
European Union sanctions on natural gas exports from Iran may be having unintended consequences for the country's exports of LPG, according to analysis by Facts Global Energy, Honolulu.
Insufficient distance between wellbores caused a vertical oil well to leak fluids after hydraulic fracturing of a nearby horizontal well last January in Red Deer County, Alta., an investigation by the Alberta Energy Resources Conservation Board has determined.
Richard G. Lugar (R-Ind.), the US Senate Foreign Relations Committee's ranking minority member, introduced legislation to place other members of the North Atlantic Treaty Organization on the same footing as US free trade partners when it comes to receiving LNG exports.
Pembina Pipeline Corp. plans to significantly expand natural gas liquids and crude oil and condensate capacity on its Peace and Northern Pipeline Systems by a combined 108,000 b/d.
Falkland Oil & Gas Ltd. said its Scotia well in the South and East Falklands basin has proven a working hydrocarbon system in the mid-Cretaceous Fan play and demonstrated that Scotia is a viable stratigraphic trap.
Australian explorers have reported progress on shale and source rock exploratory projects in the Georgina and Gippsland basins.
Failure to articulate core belief lost the Republican Party a presidential election last month and now disarms it on fiscal policy.