International news for oil and gas professionals
The booming Ranger oil field inspired Conrad Hilton to open his first Hotel in 1920, according to the American Oil & Gas Historical Society.
Although oil and gas producers have been fracturing wells for decades, the completion routine now is the target of uncompromising environmental opposition claiming it threatens underground sources of drinking water.
The rapid shale gas development in Pennsylvania's Marcellus shale formation has presented both challenges and opportunities to local governments and communities.
Two companies recently relayed plans for the construction of two different pipelines that would transport natural gas production from the Marcellus and Utica shale area to markets in Ohio, West Virginia, and New Jersey.
MarkWest Energy Partners LP, Denver, will add 720 MMcfd of natural gas processing capacity and 110,000 b/d of NGL fractionation capacity in seven projects spread among West Virginia, Pennsylvania, Ohio, and East Texas.
The Obama administration should consider all parts of the US Outer Continental Shelf for leasing in the 2017-22 OCS program it has begun to prepare so future national energy policy options can be maximized, the American Petroleum Institute and 10 other oil and gas trade associations jointly said.
The American Petroleum Institute once again has called on the US Environmental Protection Agency to transcend its pattern of missing self-pronounced deadlines and to finalize requirements under the federal 2014 Renewable Fuels Standard (RFS) as soon as possible.
The US House of Representatives passed a bill that would reform the Endangered Species Act for the first time in 26 years.
Kinder Morgan Inc. (KMI) reported it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners LP (KMEP), Kinder Morgan Management LLC (KMR), and El Paso Pipeline Partners LP, creating a single publicly traded security, KMI.
The two American Petroleum Institute officials had discussed concerns they had about possible new restrictions emerging at the US Environmental Protection Agency while Congress was in its August recess.
Ending the US ban on exports of crude oil would hurt refiners now profiting from low feedstock costs but help producers and consumers, says an analyst at the Federal Reserve Bank of Dallas.
Malaysia's state-owned Petronas has confirmed the award of 11 major contracts related to critical milestones in the development of its refinery and petrochemical integrated development (RAPID) complex at Pengerang in southeastern Johor, Malaysia.
Saudi Aramco has reduced its August price differentials for destinations outside the US, especially Europe.
The global oil demand growth forecast for 2014 has been curtailed since last month's report to a more modest 1 million b/d, according to the International Energy Agency's most recent Oil Market Report.
Battered lately in the worldwide court of public opinion over its strong-arming of Ukraine, Russia last month sustained two blows in international courts over a power move 10 years earlier.