More Oil & Gas News

PGNiG picks up interest in four fields on NCS

PGNiG Upstream International, the Norway-focused subsidiary of Polish Oil & Gas Co., has agreed to acquire 8% interest in Gina Krog field, 24.243% in Vilje field, 24.243% in Vale field, and 6% in Morvin field on the Norwegian continental shelf from Total E&P Norge AS, a wholly owned subsidiary of Total SA, for $317 million. The deal is effective Jan. 1, 2014.

Regtien named DNO chief operating officer

DNO ASA, Oslo, has appointed Jeroen Regtien as chief operating officer based in Dubai, effective Jan. 1, 2015.

Perpetual Energy to sell noncore heavy oil properties in eastern Alberta

Perpetual Energy Inc., Calgary, reported it will sell several heavy oil properties it considers to be noncore in eastern Alberta for $21.6 million. A deposit of $3.24 million has been paid to Perpetual, and closing is expected on or before Nov. 7.

MARKET WATCH: NYMEX oil prices subdues awaiting Fed meeting

Crude oil prices for December delivery edged down a penny on the New York market Oct. 27 while analysts and traders await US economic indicators as well as the weekly government petroleum inventory report.

Oneok to acquire Permian NGL assets for $800 million

Oneok Partners LP, Tulsa, has agreed to acquire NGL pipelines and related assets in the Permian basin from affiliates of Chevron Corp. for $800 million. The deal is expected to close in the fourth quarter.

Continental, South Korean firm to jointly develop northwest Cana Woodford

Continental Resources Inc., Oklahoma City, has formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop a significant portion of Continental’s northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Carrizo adds 6,820 net acres in Eagle Ford acquisition

Carrizo Oil & Gas Inc., Houston, has completed its acquisition of 6,820 net acres primarily in LaSalle, Atascosa, and McMullen counties, Tex., part of the Eagle Ford shale, from Eagle Ford Minerals LLC (EFM) for $250 million in cash.

Constitution gas pipeline gets environmental nod from FERC

Constitution Pipeline Co. LLC has received a final environmental review from the US Federal Energy Regulatory Commission, which clears the way for construction of the proposed 124-mile, 30-in. Constitution natural gas system from supply areas in northeast Pennsylvania to existing transmission pipelines in Schoharie County, NY.

GAO sees differing crude, product price impacts with more exports

Removing US crude oil export restrictions would likely increase crude prices and decrease consumer fuel prices, the Government Accountability Office said in a recent report.

Study: Global production outages may be strategic warnings

Overseas crude oil production and transportation interruptions could be strategic warnings that are too important to ignore, a US Senate Energy and Natural Resources Committee minority staff report suggested.

TransCanada issued EAC for Coastal GasLink project

TransCanada Corp. reported that the British Columbian Environmental Assessment Office has issued an environmental assessment certificate (EAC) for the Coastal GasLink pipeline project.

MARKET WATCH: Crude oil futures prices end week lower

The New York Mercantile Exchange December crude oil contract declined $1.08/bbl on Oct. 24, closing at $81.01/bbl. The January 2015 contract fell 95¢ to $80.80/bbl.

ATCE: Continued innovation needed to solve supply, demand conundrum

In a keynote speech at the Society of Petroleum Engineers (SPE) Annual Technology Conference & Exposition (ATCE), SPE General Chairperson Matthias Bichsel emphasized the role of innovation in moderating the price of energy.

Williams Partners, Access Midstream Partners to merge

Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the remaining 50% general partner interest that it didn’t previously hold in Access Midstream, giving way to the merger proposal.

Green jobs fading

In US politics, green jobs seem to have met the fate of compromise and polite disagreement. Once hailed as an answer to recessionary unemployment, green jobs no longer receive much press. But the oil and gas industry shouldn't be fooled.

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