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Latest Oil & Gas News

ExxonMobil spending down 12% to $34 billion

Mar 4, 2015

ExxonMobil Corp. plans $34 billion in capital spending during 2015, representing a 12% decrease from 2014.

Western Australia’s EPA approves Gorgon LNG fourth train

Mar 4, 2015

The Environmental Protection Authority of Western Australia (EPAWA) has approved plans for expansion of the Gorgon-Jansz LNG project on Barrow Island into a fourth train.

MARKET WATCH: NYMEX, Brent crude prices settle higher on Saudi oil hike

Mar 4, 2015

Oil prices rose on the New York and London markets Mar. 3 after Saudi Arabia raised the official price for its oil by $1/bbl for US delivery and $1.40/bbl for delivery to Asia, suggesting firm demand. Crude prices also supported by news about more unrest in Libya targeting an oil field.

Bear Head LNG requests DOE permits to export US natural gas

Mar 3, 2015

Liquefied Natural Gas Ltd.’s wholly owned subsidiaries, Bear Head LNG Corp. and Bear Head LNG LLC (USA), have filed an application with the US Department of Energy requesting authorization to export as much as 440 bcf/year of US natural gas to Canada and 8 million tonnes/year of LNG from Canada to free-trade agreement and non-FTA nations.

EIA forecasts continued rise in US oil production from gulf

Mar 3, 2015

Crude oil production from the Gulf of Mexico will reach 1.52 million b/d in 2015 and 1.61 million b/d in 2016—or respectively 16% and 17% of total US crude production during each year—according to projections from the US Energy Information Administration.

Pennsylvania governor proposes natural gas severance tax

Mar 3, 2015

Pennsylvania Gov. Tom Wolf proposed a $29.9 billion budget on Mar. 3 that includes $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

Shell moves to business-as-usual plan for strike-impacted refineries

Mar 3, 2015

As the United Steelworkers union (USW) strike enters its fifth week, Royal Dutch Shell PLC, which serves as lead company for National Oil Bargaining (NOB) negotiations, is implementing a plan to return its strike-impacted sites to normal, full-rotation operations without the use of union workers.

BOEM proposes lease sale for western Gulf of Mexico

Mar 3, 2015

The US Bureau of Ocean Energy Management (BOEM) will offer more than 21 million acres offshore Texas for oil and gas exploration and development, including all available unleased areas in the western Gulf of Mexico planning area, in Lease Sale 246, scheduled for August in New Orleans.

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Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

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Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
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