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Middle class key to MENA energy subsidy reforms, speakers say

Countries in the Middle East and North Africa (MENA) are talking more openly about energy subsidy reforms, but governments need to pay closer attention to middle-class consumers’ concerns if they expect to make more progress, speakers said during a July 10 forum at the Atlantic Council.

API releases unconventional production community engagement standard

The American Petroleum Institute issued a new standard specifically aimed at effectively engaging with US communities affected by exploration and development of unconventional oil and gas resources. ANSI-API Bulletin 100-3 emerged following 3 years of meetings and discussions with producers, community leaders, state regulators, property owners and other stakeholders, API Standards Director David Miller said.

Mongolian petroleum law passage aims to boost foreign investment

Wolf Petroleum Ltd., Perth, reported the passing of a new petroleum law in Mongolia designed to boost foreign investment in the country.

Golden Pass files formal FERC application for LNG project

Golden Pass Products LLC, Houston, has submitted a formal application with the US Federal Energy Regulatory Commission to construct and operate its proposed LNG project at the existing Golden Pass LNG import facility in Sabine Pass, Tex.

Inside BLM's RMP revamp

The US Bureau of Land Management announced on May 5 that it was beginning to review how it develops its resource management plans (RMPs).

North Dakota gives teeth to flaring reduction plan

North Dakota operators that fail to meet the state’s flaring reduction targets may soon be forced to curtail oil production from wells targeting the Bakken and Three Forks formations, according to an order issued July 1 by state regulators.

AFPM’s Drevna says more clarity needed on future condensate exports

The oil and gas industry awaits greater clarification from the US Department of Commerce’s Bureau of Industry and Security (BIS), which recently issued private rulings for two companies concerning condensate specifications and possible exports.

API urges EPA administrator to quit delaying ethanol mandates

The American Petroleum Institute urged the US Environmental Protection Agency to quit dragging its feet and issue final 2014 ethanol blending quotas that are months overdue.

Barrasso questions purpose of Senate Energy panel's Keystone vote

As he announced his support for it, US Sen. John A. Barrasso (R-Wyo.) said the Energy and Natural Resources Committee's vote on Chairwoman Mary L. Landrieu's (D-La.) bill to bypass the White House and approve the Keystone XL crude oil pipeline "seems more like a cheerleading exercise than a meaningful effort to get Keystone built."

Watching Government: Reforming Indian oil valuation

The US Department of the Interior has proposed regulations for valuing crude oil produced on American Indian leases. The rules would offer greater simplicity, certainty, and clarity in Indian oil valuation and could boost Indian Country royalties by $20 million/year, DOI said on June 18.

EIA: Fuel economy standards to cut gasoline use through 2040

More-stringent vehicle fuel economy standards will contribute to a decline in gasoline consumption through 2040, the US Energy Information Administration projected in the reference case in its Annual Energy Outlook 2014.

Gazprom, OMV to complete Austrian South Stream leg by 2016

OAO Gazprom and OMV AG signed a shareholders’ agreement for South Stream Austria GMBH, completing the final investment decision for the natural gas pipeline’s Austrian section with an eye on commissioning in late 2016.

DOC authorizes EPP, Pioneer to export condensate

Two companies have received authorization from the US Department of Commerce to sell condensate to buyers outside the US, and analysts expect the sales—probably involving condensate from the Eagle Ford in South Texas—could begin in August.

US backs new MENA supply growth, official says

The US recognizes there are many important oil and gas opportunities in the Middle East and North Africa (MENA), Persian Gulf, and Eastern Mediterranean, and intends to ensure they are cooperatively developed in ways that benefit all people in the countries involved, a US Department of State official told a US House subcommittee.

Next 5-year OCS plan to include South, Mid-Atlantic G&G data

The US Department of the Interior's next 5-year Outer Continental Shelf oil and gas program will likely include fresh geologic and geophysical (G&G) data for the South and Mid-Atlantic OCS, US Bureau of Ocean Energy Management Acting Director Walter D. Cruickshank said.

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Oil & Gas Conferences

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Event Title Date Type

Offshore Middle East Conference & Exhibition

January 26, 2015
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