Oil costs, taxes still key gasoline price components, says API
Feb 22, 2012
Crude oil costs and taxes are still bigger influences than refinery production and product exports in gasoline price increases, American Petroleum Institute Chief Economist John C. Felmy said. |
Mitsubishi to buy stake in Talisman Papua New Guinea gas assets
Feb 22, 2012
Mitsubishi Corp. agreed to pay Talisman Energy Inc. $280 million for a stake in nine natural gas blocks in Papua New Guinea's onshore Western Province, subject to approvals by government and joint venture partners. |
Shell unit makes offer to buy Cove Energy
Feb 22, 2012
A Royal Dutch Shell PLC subsidiary has offered to buy Cove Energy PLC for $1.6 billion in a move that would mark Shell’s entry into Mozambique and Kenya. Cove also has holdings in Tanzania where Shell already has a presence. |
MARKET WATCH: Iran, Greek concerns boost crude oil prices
Feb 22, 2012
The front-month contract for crude oil soared above $106/bbl in a late rally Feb. 21 in the New York market before closing slightly lower. Natural gas fell, however, ending a two-session resurgence. |
Anadarko taps Walker for CEO role; Hackett named executive chairman
Feb 21, 2012
Anadarko Petroleum Corp. reported that its board promoted Al Walker to the position of chief executive officer. Walker currently serves as the Houston independent’s president and chief operating officer. |
MARKET WATCH: Gas price falls, crude prices climb after holiday
Feb 21, 2012
There was no floor trading on the New York Mercantile Exchange and no closing prices on either NYMEX or the oil and gas spot markets Feb. 20 due to the Presidents’ Day holiday in the US. |
Mitsui unit settles liability in Macondo well incident
Feb 21, 2012
MOEX Offshore LLC agreed to pay $90 million to settle its liability in the Macondo deepwater well incident and spill in 2010, the US Department of Justice, Coast Guard, and Environmental Protection Agency jointly announced on Feb. 17. |
INGAA Foundation study outlines midstream gas development pluses
Feb 21, 2012
A study commissioned by the INGAA Foundation concluded that $229.1 billion in projected US midstream oil and gas investments and operations and maintenance outlays through 2035 would support an average of 125,339 jobs/year; generate nearly $57 billion in federal, state, and local taxes; and add $511.5 billion in total economic output. |
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Offshore Asia Conference & ExhibitionKuala Lumpur , Malaysia
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Subsea Tieback Forum & ExhibitionGalveston , Texas
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Offshore Middle East Conference & ExhibitionDoha , Qatar
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Annual Midyear Forecast
A review of OGJ’s Midyear Forecast from the July 4, 2011, issue with a discussion of economic, market, and political developments that have occurred since then and that provide context for the rest...
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Integrated Operations & Maintenance: A Step Change to Improve Productivity & Mitigate Operational Risk
West Engineering Services and IBM will discuss how the oil & gas companies are driving toward both greater productivity and reduced risk through new integrated operation approaches. These...
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OGJ Annual Forecast & Review Webcast 2011Oil & Gas Journal Editor Bob Tippee discusses key influences in the global and US oil markets based on data published in the annual Forecast and Review special report. Sponsored by
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