More Oil & Gas News

Andrew Mackenzie has been named chief executive officer of BHP Billiton Ltd., succeeding Marius Kloppers, who will retire. Mackenzie has been group executive and chief executive nonferrous.

Commodity and equity markets took another pounding Apr. 17 with front-month crude falling 2.3% to a new low for the year in the New York futures market due to a bearish inventory report and a strengthening US dollar.

Calls for the Obama administration to authorize construction of the Keystone XL crude oil pipeline’s final segment increased as the US Department of State began hearings on the project in Grand Island, Neb., on Apr. 18.

Atlas Pipeline Partners LP has agreed to buy Eagle Ford shale natural gas gathering and processing company Teak Midstream LLC.

US states are the most qualified to regulate oil and gas development within their boundaries because they’re well acquainted with unique geological and environmental conditions there, officials from three state governments told the US House Natural Resources Committee.

Oil markets generally were down Apr. 16 with front-month crude essentially flat after dropping to its lowest price of the year in the previous session on the New York market and North Sea Brent closing below $100/bbl for the first time since July.

Rosneft and Marubeni Corp. signed a memorandum of cooperation covering possible joint oil and exploration and development as well as associated LNG project implement, the companies reported.

Concerned about rising domestic oil consumption, the new minister of energy of the United Arab Emirates has called for national-level improvements in energy-use efficiency.

The US Department of Energy’s Fossil Energy Office and Alaska’s Department of Natural Resources agreed to work together along with potential investors to study unconventional energy resources in Alaska’s Arctic.

Africa Oil Corp., Vancouver, BC, said that Mark Dingley will join the company on May 1 as president of Africa Oil Ethiopia BV and chief operating officer of Horn Petroleum Corp.

A second US House subcommittee heard testimony in support of a bill to let Congress approve the proposed Keystone XL crude oil pipeline project as the first, which held a hearing on Rep. Lee Terry’s (R-Neb.) measure on Apr. 10, marked up HR 3 for consideration by the full Energy and Commerce Committee.

A London think tank study warned against expansion of biofuel use in the UK as the requirement rose to 5% by volume in transportation fuel on Apr. 15 and faced European pressure to increase further.

Energy prices plunged Apr. 15 for the third consecutive session with the front-month crude contract dropping 2.8% to its lowest closing this year.

Mark Montemurro has joined Sunshine Oilsands Ltd., Calgary, as senior vice-president, engineering and geosciences.