International news for oil and gas professionals
A "roughneck" is a slang term for a person completing dangerous, hard-manual labor in the working environment of an oil rig.
With movement of oil by rail rising sharply, producers and refiners have corresponding interest in developments affecting an industry on which they increasingly depend.
Energy policies based on US oil and gas production steadily declining and imports steadily increasing need to be replaced with strategies that reflect growing unconventional and deepwater production, speakers recommended at a conference last month.
An increasingly broad coalition plans to press Congress to repeal, or at least radically reform, the federal Renewable Fuels Standard, officials of several associations said the day before the US Environmental Protection Agency's Dec. 5 public hearing on its proposed 2014 quotas.
An oil and gas trade group has rejected a UK House of Commons committee recommendation to cut fossil-energy tax allowances that the committee described as subsidies.
Soon after the Organization of Petroleum Exporting Countries held its regular ministerial meeting Dec. 4 in Vienna, the usual question was asked: Does its decision to maintain the group's official production quota level at 30 million b/d even matter?
QEP Energy Co., a wholly owned subsidiary of QEP Resources Inc., has entered into a definitive agreement to acquire oil and gas assets in the Permian basin from EnerVest Ltd., Houston, for $950 million. The transaction is expected to close before Jan. 31, 2014.
In its most recent Short-Term Energy and Winter Fuels Outlook, the US Energy Information Administration outlined that it expects US households heating with natural gas to spend an average $679 this winter, up 13% from last winter but still lower than the previous 5-year average.
Production averaged 46,600 b/d of oil equivalent in the fiscal first quarter ended Sept. 30 for Energy XXI (Bermuda) Ltd., Houston, including 29,700 b/d of oil.
Oryx Petroleum Corp., Calgary, has gauged a potentially commercial Jurassic oil and sour gas discovery at Ain Al Safra, its second oil discovery on the Hawler license in the northern part of the Kurdistan Region of Iraq.
You know defenders of the indefensible have nothing left when they resort to populist smear.