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Total joins global climate initiatives

Nov 20, 2014

Total SA, in what it describes as a consolidation of its efforts to address climate change, will support initiatives of the United Nations Global Compact, the World Bank, and the Climate and Clean Air Coalition (CCAC).

IHS: ‘Tight-oil test’ under way in US amid lower oil prices

Nov 20, 2014

The vast majority of potential US tight-oil production growth remains economical in the current crude oil price environment, according to a recent report by IHS. About 80% of potential gross US tight-oil capacity additions in 2015 would remain resilient at West Texas Intermediate prices dropped to $70/bbl, the report said.

Apache to sell Louisiana, Anadarko assets for $1.4 billion

Nov 20, 2014

Houston independent Apache Corp. has agreed to sell noncore southern Louisiana and certain Anadarko basin assets in two separate deals for a combined $1.4 billion. Both transactions, effective Oct. 1, are expected to close during the fourth quarter.

AFPM: Oregon’s proposed low-carbon fuel standard unconstitutional

Nov 20, 2014

Oregon’s proposed low-carbon fuel standards (LCFS) program is unconstitutional, the American Fuel & Petrochemical Manufacturers said in comments submitted in response to the state’s Department of Environmental Quality’s (DEQ) Clean Fuels Program Phase 2 rulemaking and proposed rule changes.

MARKET WATCH: Crude oil futures prices rangebound

Nov 20, 2014

US light, sweet crude oil prices remained below $75/bbl Nov. 19 on the New York market, while analysts and traders focused on the upcoming meeting of the Organization of Petroleum Exporting Countries and the Iran nuclear talks.

Bids spike in Northern Alaska lease sales

Nov 19, 2014

Alaska’s Division of Oil & Gas received 356 bids on 298 tracts in its 2014 Northern Alaska area-wide lease sales, trumping the 92 bids received for 91 tracts in the same areas last year.

NOIA, API studies list benefits of more federal OCS leasing

Nov 19, 2014

Offshore oil and gas leasing in the eastern Gulf of Mexico and on the US Atlantic and Pacific coasts could create more than 838,000 American jobs and raise more than $200 billion in revenue for the government, according to recent studies released jointly by the National Ocean Industries Association and the American Petroleum Institute.

Freeport LNG nears construction phase

Nov 19, 2014

Freeport LNG Expansion LP expects later this month to close on financing and begin construction on the first two trains of its natural gas liquefaction and LNG export facility on Quintana Island near Freeport, Tex.


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