International news for oil and gas professionals
Much of the US has experienced unrelenting cold weather during January and February.
The US House of Representatives deserves applause for passing legislation to limit the Environmental Protection Agency's regulation of electric power plants. But the welcome move has two problems.
Azerbaijan will continue to develop partnerships with other countries as it tries to export more natural gas west from the Caspian basin, an official of the country's state-owned oil company said.
In the event of a complete stoppage in Russian natural gas transit via Ukraine, Europe will experience a gas deficit of as much as 56 billion cu m (bcm) during 2014, said Moody's Investors Service in a recent Global Credit Research report.
The US Bureau of Land Management would impose inspection fees for onshore oil and gas producers operating on lands under its jurisdiction under the Obama administration's proposed fiscal 2015 budget.
Groups on both sides said support has grown for their positions as the US Department of State's Mar. 7 deadline approached for comments on whether the proposed Keystone XL crude oil pipeline is in the nation's best interest.
The US Bureau of Ocean Energy Management moved a step closer to geologic and geophysical (G&G) activity on the southern and mid-Atlantic US Outer Continental Shelf as it released its long-awaited final programmatic environmental impact statement (PEIS) for the area.
If anyone wants to consider where oil and gas product distribution can go haywire, the recent domestic propane "perfect storm" bears examination.
Worldwide liquids fuels consumption will increase by 1.2 million b/d this year and by 1.4 million b/d in 2015, according to the US Energy Information Administration.
Energy XXI (Bermuda) Ltd., Houston, has signed a definitive agreement valued at $2.3 billion in which it will acquire and merge with EPL Oil & Gas Inc. The deal includes the assumption of debt.
Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC; and Malaysia's Petronas in which affiliates of IOC will purchase 10% interest in the proposed PNW LNG export facility on Canada's west coast and Progress Energy's LNG-destined gas reserves in northeast British Columbia.
US Energy Secretary Ernest G. Moniz called for more scrutiny of methane emissions from natural gas operations beyond exploration and production.
Steven Donziger of course disagrees with a Mar. 4 court decision in a case related to long-running environmental litigation involving Ecuador and Chevron Corp.