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Anadarko settles legacy claims against Kerr-McGee for $5.15 billion

Anadarko Petroleum Corp. and subsidiaries it acquired when it bought Kerr-McGee Corp. in 2006 agreed to pay $5.15 billion to settle fraudulent conveyance allegations brought by the US government and co-plaintiff Anadarko Litigation Trust in the bankruptcy of Tronox Inc.

USCG: ‘Chain of errors’ led to Shell drilling unit running aground

A US Coast Guard (USCG) investigation has found that a “chain of errors” led to the Royal Dutch Shell PLC conical drilling unit, the Kulluk, running aground on Sitkalidak Island, Alas., in December 2012.

Move carefully on crude exports, refiner urges House subcommittee

Tight oil formations have helped the US increase its crude production dramatically, an independent refiner conceded. But the nation should proceed cautiously as it considers authorizing more crude exports, he told a US House Foreign Affairs Committee subcommittee.

Scott links South Atlantic OCS access bill to jobs growth plan

US Sen. Tim Scott (R-SC) introduced a bill that would reverse the Obama administration’s exclusion of four South Atlantic coastal states from active offshore oil and gas resource development planning. It is the third part of Scott’s broader legislative Opportunity Agenda to create jobs and increase educational opportunities, he said on Apr. 2.

BLM launches EIS on existing White River National Forest leases

The US Bureau of Land Management initiated an environmental impact statement on 65 existing oil and gas leases in Colorado’s White River National Forest. The move came after the US Department of the Interior’s Board of Land Appeals identified National Environmental Policy Act deficiencies in the leases.

Senate Republicans introduce energy amendment to jobs bill

Three Republican members of the US Senate Energy and Natural Resources Committee introduced legislation that would approve the Keystone XL crude oil pipeline and expedite applications to export US LNG as an amendment to the Unemployment Insurance Extension Bill.

East Timor not entitled to Bayu-Undan gas pipeline tax, Australia warns

The Australian government has written to East Timor to warn that the East Timorese are not entitled to tax the natural gas pipeline from the Bayu-Undan gas-condensate fields in the Timor Sea to the Darwin LNG plant operated by ConocoPhillips.

Workshops planned on offshore voluntary near-miss reporting system

Workshops will be held Apr. 22 in Los Angeles and Apr. 24 in Houston to discuss the federal government’s new voluntary near-miss reporting system for oil and gas producers, the US Bureau of Safety and Environmental Enforcement announced in a Mar. 31 Federal Register notice.

White House eyes steps to curb oil, gas methane emissions

The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included regulations to be proposed later this year by the US Bureau of Land Management to curb natural gas flaring on public lands.

FWS lists lesser prairie chicken as threatened species

The US Fish and Wildlife Service listed the lesser prairie chicken as a threatened species. While the Mar. 27 final rule fell short of the endangered status many environmental organizations sought, it also disappointed Midcontinent oil and gas producers and others involved in a five-state environmental impact mitigation effort to make any federal listing unnecessary.

NGSA asks Congress to pass bills facilitating LNG exports

The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will have broad economic benefits by flowing money back into the US economy and creating American jobs,” NGSA Pres. Skip Horvath said.

IHS: Western sanctions indirectly could hinder Russian oil, gas revenues

Western sanctions imposed against Russian government officials and business executives regarding Russia’s conflict with Ukraine could slow the availability of capital for Russian oil and gas companies trying to launch major new projects, IHS said.

US, European energy leaders to discuss gas diversification measures

Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy reliance on Russian natural gas, US President Barack Obama and two major European Union officials announced on Mar. 26.

EPA leads investigation of crude discharge at BP Whiting refinery

The US Environmental Protection Agency took formal charge of investigation and cleanup efforts after an undetermined amount of crude oil spilled into Lake Michigan from BP PLC’s Whiting, Ind., refinery.

LNG exports’ immediate geopolitical impacts limited, senators told

Direct geopolitical impacts from the US authorizing LNG exports more quickly would be limited, witnesses told a US Senate committee. But global market consequences could be substantial because it would send a definite signal that the country is committed to becoming a major player, which potentially could accelerate changes indirectly, they added.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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