Oil News &
Gas News

Latest Oil & Gas News

EIA: Weekly US refinery inputs set new record In July

Jul 24, 2014

Refinery inputs reached a record-high of 16.8 million b/d in each of the past 2 weeks, exceeding the previous record from summer 2005, according to the US Energy Information Administration. Inputs at refineries in the Midwest and Gulf Coast have been particularly high, reflecting these refineries’ access to lower-cost crude oil, expansions of refining capacity, and increases in both US demand and exports.

MARKET WATCH: Crude oil prices climb slightly on New York, London markets

Jul 24, 2014

Crude oil futures rose slightly on both New York and London markets July 23, and one analyst called Brent oil prices “subdued” while market participants await emerging geopolitical developments in the Russia-Ukraine conflict and also anticipate increasing oil supply from Libya.

DOT proposes new rules for transporting crude oil by rail

Jul 23, 2014

A train with 20 or more tank cars carrying crude oil, ethanol, or other flammable liquids would be classified as a high-hazardous flammable train (HHFT), and would be subject to lower speed limits, routing risk assessments, and other new requirements under new US Department of Transportation regulatory proposals.

Center for LNG urges DOE to scrap proposed export review changes

Jul 23, 2014

The US Department of Energy’s proposal to only issue national interest determinations to LNG export projects that have completed a National Environmental Policy Act review should be withdrawn, the Center for Liquefied Natural Gas said.

Diamondback to expand Midland basin acreage

Jul 23, 2014

Diamondback Energy Inc., Midland, Tex., has entered into a definitive purchase agreement with unrelated third party sellers to acquire 16,773 gross (13,136 net) acres in Midland, Glasscock, Reagan, and Upton counties in Texas for $538 million.

Oil & Gas UK welcomes consultation on uHPHT allowance

Jul 23, 2014

Oil & Gas UK said it welcomes the opening of a formal consultation by HM Treasury on a new cluster area allowance to support investment in ultrahigh-pressure, ultrahigh-temperature (uHPHT) oil and gas fields on the UK Continental Shelf (UKCS).

MARKET WATCH: NYMEX crude oil futures drop modestly awaiting inventory

Jul 23, 2014

Crude oil futures fell modestly on the New York market July 22 as traders and analysts awaited a weekly US government report on petroleum inventories and as participants across international oil markets awaited developments in the Russia-Ukraine conflict.

CERI: Costs up for oil sands production

Jul 23, 2014

The costs of producing bitumen and synthetic crude in the Albertan oil sands have increased over the past year, says the Canadian Energy Research Institute in an annual report that projects steady growth in output.


Oil & Gas Webcasts

OGJ's Midyear Forecast 2014

This webcast, sponsored by Iron Mountain and Aggreko, is to be presented by OGJ Editor Bob Tippee, will summarize the Midyear Forecast projections in key categories, note important changes from Jan...
Sponsored by

Top 100 non-US Oil & Gas Companies

There is no current content available.

Top 200 US Oil & Gas Companies

There is no current content available.

Market Connections

IDAHO DEPARTMENT OF LANDS

Now Hiring: Minerals Leasing Program Manager

Become part of an organization where you will work with dedicated and extraordinary people who have commitment and skills to manage and protect Ida...
Manager of Exploration and Development

Manager of Exploration and Development

Manager of Exploration and Development: An Australian O&G Independent E&P company is seeking Manager of Exploration and Development - Onsho...
Colorado School of Mines

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor. Colorado School of Mines Petroleum Engin...
MasonMorseRanchCompany

Absolute Auction: Pecos River Ranch Retreat

Absolute Auction: Pecos River Ranch Retreat. 1,616.24 Acres, Santa Fe, NM. Roughly a Mile of Pecos River Frontage. Auction: July 30th @ 1:30 pm, Hy...
Denbeste Water Solutions

Seeks Funding for Leasing and Drilling

Company has numerous oil & gas prospects supported by 2-D seismic in theTexas-Louisiana Gulf Coast onshore. Seeks funding for leasing and drill...
Stay Connected