International news for oil and gas professionals
Readers of OGJ's US Industry Scoreboard may have noticed a recent addition to that table.
If US President Barack Obama wins reelection he will try to revive cap-and-trade regulation.
The US Chemical Safety Board is moving ahead with its investigation of the Macondo deepwater well blowout, explosion, and fire and expects to complete its final report in early 2013, it announced this month on the second anniversary of the incident.
BP PLC agreed to pay $7.8 billion in settlement agreements with the Plaintiffs' Steering Committee (PSC) to resolve most of the private economic loss, property damage, and medical claims stemming from the Macondo well blowout.
A former BP PLC engineer was arrested on charges of intentionally destroying evidence sought by federal criminal authorities investigating the 2010 Macondo deepwater well incident and subsequent oil spill, US Atty. Gen. Eric H. Holder announced.
Total UK Ltd. said contractor Transocean Ltd. has started drilling a relief well to stop a natural gas leak from well G4 on the Elgin platform in the North Sea, while workers continue to prepare for a well-control operation to stop the leak on the platform.
Oil & Gas UK and two UK trade unions have issued a joint statement opposing the European Union proposal to centralize regulation of offshore oil and gas safety.
US Interior Sec. Ken Salazar leveled a broadside against US House Republicans and other critics of the Obama administration's energy policies who he said are living in a politically driven imagined energy world.
An Apr. 13 safety alert shows how the US Bureau of Safety and Environmental Enforcement is approaching its mission in its early days as a separate agency from the Department of the Interior.
The US Commodity Futures Trading Commission's latest definition of a swap dealer is an improvement on its original proposal because it recognizes the difference between a dealer and trader, officials from the Natural Gas Supply Association and the Independent Petroleum Association of America separately said.
The US Geological Survey estimates that the world's undiscovered, technically recoverable conventional oil and gas resources outside the US total 565 billion bbl of oil, 5,606 tcf of natural gas, and 167 billion bbl of natural gas liquids, it said on Apr. 18.
Deliverability of natural gas in Canada will decline during 2012-14 but remain "well above" domestic demand, says the National Energy Board.
Royal Dutch Shell PLC announced plans for one of its subsidiaries to buy Cove Energy PLC for $1.81 billion in a transaction marking Shell's entry into Mozambique and Kenya.
French, Canadian, and private US companies are set to launch a $200 million joint venture to develop oil shale in the Uinta basin of Utah.
Eni SPA and Rosneft have signed a strategic cooperation agreement covering exploration of licenses in the Barents and Black Seas offshore Russia.
Dow Chemical Co. announced plans to build a 1.5-million tonne/year ethylene plant at its Texas operations in Freeport under a strategy reported a year ago of integrating US operations with feedstocks available from increasing production of natural gas from shales.
Williams Partners LP's discussions with potential shippers and other market inquiries regarding the Atlantic Access expansion of its Transco interstate pipeline have prompted it to increase the project's capacity to 2.3 bcfd from 1.8 bcfd.
BP PLC and partners in the Shah Deniz consortium have approved initial work on second-stage development of their giant natural gas and condensate field offshore Azerbaijan in a step that will include selection of an export route across Turkey and into Europe.
On its way down the proverbial slippery slope toward economic statism, Argentina has laid claim to oil and gas assets worth, oh, $18 billion or so.