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Statoil adds Northern Carnarvon basin permit offshore Australia

Oct 24, 2014

Australia’s National Offshore Petroleum Titles Administrator (NOPTA), through the 2013 Offshore Petroleum Exploration Acreage Release, has awarded Statoil ASA 100% equity share in the 13,000-sq-km permit WA-506-P in the Northern Carnarvon basin on the Northwest shelf of Australia.

MARKET WATCH: Crude oil futures climb again in waffling markets

Oct 24, 2014

The New York Mercantile Exchange December crude oil contract increased $1.57/bbl on Oct. 23, closing at $82.09/bbl. The January 2015 contract increased $1.62 to $81.75/bbl.

Gaz Metro, Anticosti Hydrocarbons sign gas development deal

Oct 23, 2014

Anticosti Hydrocarbons LP has signed a strategic agreement in principle with natural gas distributor Gaz Metro Ltd. Partnership to develop associated gas from Anticosti Island in the Gulf of St. Lawrence offshore Quebec.

BOEM to prepare EIS for potential Cook Inlet lease sale

Oct 23, 2014

The US Bureau of Ocean Energy Management plans to prepare an environmental impact statement for a possible oil and gas lease sale in Cook Inlet off Alaska’s south-central coast, BOEM said in an Oct. 23 Federal Register notice. Comments will be accepted through Dec. 8, it indicated.

EIA: US crude oil exports, re-exports climb

Oct 23, 2014

According to the latest data from the US Census Bureau, US exports of crude oil reached 401,000 b/d in July—the highest level in 57 years and the second-highest monthly export volume for the US Energy Information Administration’s records dating back to 1920.

MARKET WATCH: NYMEX oil prices for December drop nearly $2/bbl

Oct 23, 2014

Crude oil prices dropped nearly $2/bbl for December delivery on the New York market Oct. 22 after a weekly US government report showed a larger-than-expected increase in crude oil inventories.

Senator asks DOE secretary to reevaluate SPR

Oct 23, 2014

US Sen. Ronald L. Wyden (D-Ore.), who chaired the Energy and Natural Resources Committee before taking the Finance Committee’s helm in early February, urged the US Department of Energy to begin reevaluating the US Strategic Petroleum Reserve as the Government Accountability Office recommended in an Oct. 20 report.

Alaska awards Beaufort Sea leases following ANWR boundary review

Oct 22, 2014

Alaska’s Division of Oil and Gas awarded two Beaufort Sea leases pending since 2011 and published tract maps for Nov. 19 Beaufort Sea and North Slope lease sales that accurately reflect the Arctic National Wildlife Refuge’s western boundary following a thorough review.


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