International news for oil and gas professionals
Global economic activity has broadly strengthened since the second half of 2013. Recovery continues, but remains uneven. Cautious economic optimism among oil and gas companies is reshaping the business landscape.
When voting began in Indian parliamentary elections Apr. 7, Narendra Modi, chief minister of Gujarat, was expected to lead his Hindu-nationalist Bharatiya Janata Party to victory.
A sample of 59 US-based oil and gas producers and refiners collectively posted first-quarter earnings of $22.7 billion, a decrease of 11% from the same quarter in 2013.
Surging US production has made oil and gas midstream operations attractive investment prospects, three Deloitte specialists said during the final day of the financial services company's 2014 Washington Energy Conference.
The oil and gas industry needs to respond more effectively to public concerns about safe water supplies if it expects to realize US unconventional resources' full potential, speakers at Deloitte LLP's 2014 Washington Energy Conference warned.
Significant challenges exist to creating the necessary transportation systems for the US to fully realize its significant oil and gas potential, according to John England, who leads Deloitte LLP's US oil and gas practice. It also could provide some of the biggest investment opportunities, he quickly added.
It started with the desire to give the editors a story out of Washington to post online while I covered the first day of Deloitte's 2014 Washington Energy Conference on May 13. A press release US Sen. Debbie Stabanow's (D-Mich.) office issued May 9 looked promising.
It easily could take longer than many might expect before state-run Petroleos Mexicanos (Pemex) and other companies are able to unlock Mexico's vast oil and gas resources, said Jordy Herrera, the nation's immediate past secretary of energy, told a Mayer Brown energy conference in Houston on May 15.
Brazil's government is considering proposals to open operatorship of its presalt projects to companies other than state-run Petroleo Brasileiro SA (Petrobras), and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston on May 15.
The nonbinding memorandum of understanding (MOU) for the $2.5 billion sale of interest in the Leviathan licenses offshore Israel between Noble Energy Inc. and Woodside Petroleum, first reported in December 2012, has been terminated by the companies.
Bakken crude oil is similar to other North American light, sweet grades and does not pose a greater rail transportation risk than other transportation fuels, a study commissioned by the North Dakota Petroleum Council (NDPC) concluded.
Bakken crude oil is well within the safety standards for current rail car designs, an American Fuel & Petrochemical Manufacturers report concluded.
The US Environmental Protection Agency proposed making refiners measure benzene emissions around their facilities' fences and make the results publicly available.
About all anyone outside the US Environmental Protection Agency knows about proposed rules due soon that might restructure power generation in America is that they'll arrive on time.