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Latest Oil & Gas News

Gas agreement seen firming China-Russia energy ties

Nov 25, 2014

A Nov. 9 framework agreement for another large gas-supply deal between OAO Gazprom and China National Petroleum Corp. remains far from concluded but “reinforces the notion of a growing relationship between energy-hungry China and energy-export-dependent Russia,” according to analysts at the Center for Strategic & International Studies (CSIS), Washington, DC.

EPA air proposals should recognize progress, API official says

Nov 25, 2014

The US Environmental Protection Agency should recognize progress that is continuing before it considers imposing costly new air quality requirements, an American Petroleum Institute official suggested.

Moody’s: E&P spending to dip as crude oil prices slide

Nov 25, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

SEC said to extend Dodd-Frank proposals deadline to October 2015

Nov 25, 2014

The US Securities and Exchange Commission reportedly has extended its deadline until October 2015 for proposing new requirements for publicly traded US oil and gas and mining companies to report payments to foreign governments under Section 1504 of the Dodd-Frank financial reporting reform law.

New South Wales legislation extinguishes license applications

Nov 25, 2014

Legislation to extinguish 16 petroleum exploration licence applications in New South Wales has been passed by the state parliament.

MARKET WATCH: NYMEX oil prices hovering around $76/bbl

Nov 25, 2014

Crude oil futures prices moved narrowly in Nov. 24 trading on both New York and London markets ahead of a Nov. 27 Organization of Petroleum Exporting Countries meeting in Vienna.

Fatal Echo platform explosion occurred during maintenance work

Nov 24, 2014

Fieldwood Energy LLC, Houston, reported that the Nov. 20 explosion at its West Delta 105 “E” platform, known as Echo, occurred as employees of Fieldwood-contracted Turnkey Cleaning Services (TCS) were cleaning a heater-treater.

Southcross completes acquisition of Eagle Ford pipeline system

Nov 24, 2014

Southcross Energy Partners LP, Dallas, has completed its acquisition of a natural gas gathering system in McMullen County, Tex.


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NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

NOW HIRING: QHSSE

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

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