International news for oil and gas professionals
Oil & Gas Journal tracks and reports each week US drilling rig count data, by state, as well as monthly data for international rig counts, by country.
The Obama administration's swerve away from extremism on two environmental issues raises hope for improved discourse and consequently better policy-making about an important national interest.
Oil and natural gas producers have begun work on developing a third expansive play in Louisiana, giving the state one proved and producing formation and two that are being watched closely, according to Scott Angelle, secretary of Louisiana's Department of Natural Resources.
US President Barack Obama ordered US Environmental Protection Agency Administrator Lisa P. Jackson to withdraw a proposed ozone national ambient air quality standard.
US government policies that encourage development of new and existing oil and gas resources could, by 2030, increase production by more than 10 million b/d of oil equivalent, support 1.4 million more jobs, and raise another $803 billion of government revenue, a study commissioned by the American Petroleum Institute concluded.
US Chamber of Commerce Pres. Thomas J. Donahue urged Congress and US President Barack Obama to open more offshore areas to oil and gas leasing and development, expand access to onshore federal lands, promote more US natural gas development, and approve the proposed Keystone XL pipeline from Canada as one of six immediate actions to create more US jobs.
Oil and gas industry leaders possibly shuddered when US President Barack Obama introduced his nominee to chair the Council of Economic Advisors on Aug. 29.
Saying that it's as important to increase federal revenue as to cut government spending, US House Natural Resources Committee Chairman Doc Hastings (R-Wash.) said he intends to ask the congressional deficit reduction "super committee" to consider oil and gas leasing on the Arctic National Wildlife Refuge's coastal plain.
While a broad range of factors influence gasoline prices, worldwide crude oil prices continue to be the main driver, the US Federal Trade Commission's Bureau of Economics concluded in a new report.
ConocoPhillips China has completed a temporary shutdown of oil and natural gas production at Penglai 19-3 field in Bohai Bay as ordered by China's State Oceanic Administration (SOA) while ConocoPhillips and its partner, China National Offshore Oil Corp., develop and submit a compliance plan to SOA.
Libya can resume crude oil production within a matter of weeks and can return to prewar output within 15 months, according to the newly appointed chairman of state-owned National Oil Corp.
The Council of the European Union banned imports of crude oil from Syria, strengthening existing sanctions against the regime of President Bashar al-Assad for its repression of protesters in the country.
ConocoPhillips moved to repair its frayed relations with Chinese regulators last week, offering an apology for a crude oil spill in northern China's Bohai Bay.
Despite welcome moves to corral environmental zealots, the Obama administration remains committed to regulation in general.