More Oil & Gas News

Keystone and climate

The Keystone XL pipeline border crossing will not receive the approval it needs from the Executive Branch of the US government.

Exploring more with less

Oil and gas exploration has increased in complexity over the last decade. As companies continually strive to meet rising demand, developing discoveries is often an exercise in doing more with less.

Supreme Court ruling mixed on GHG regulation

The US Supreme Court has asserted limits to the Environmental Protection Agency’s authority to regulate greenhouse gases (GHGs) specifically but approved limitation of GHG emissions from plants subject to control of other pollutants covered by the Clean Air Act.

Oneok Mont Belvieu expansion receives GHG permit

The US Environmental Protection Agency (EPA) has issued a final greenhouse gas (GHG) prevention of significant deterioration (PSD) construction permit to Oneok Hydrocarbon, an operating subsidiary for Oneok Partners LP, for expansion of the company’s fractionator at Mont Belvieu, Tex., east of Houston.

Oryx sells first offtakes from Demir Dagh in Iraq

Oryx Petroleum Corp. Ltd., Calgary, has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq.

MARKET WATCH: NYMEX crude oil futures for July top $107/bbl

Oil prices climbed on the New York market on June 20 while Brent prices fell on the London market after having soared above $115/bbl earlier last week.

House will vote on amended LNG export bill, Gardner says

The US House will vote early the following week on HR 6, which is aimed at expediting US LNG exports, Rep. Cory Gardner (R-Colo.) announced on June 20.

LNG exports dominate Senate committee hearing on US gas potential

Liquefied natural gas exports quickly took center stage at a June 19 US Senate Energy and Natural Resources Committee hearing to examine “how to harness a game-changing resource for export, domestic consumption, and transportation fuel.”

Encana completes $3.1 billion purchase of Eagle Ford acreage

Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corp., has completed its previously reported $3.1 billion purchase of 45,500 net acres in Karnes, Wilson, and Atascosa counties of south Texas from Freeport-McMoRan Oil & Gas LCC, a subsidiary of Freeport-McMoRan Copper & Gold Inc.

Enbridge to sell interest in Midcoast Operating

Enbridge Energy Partners LP has entered into a purchase and sale agreement to sell an additional 12.6% interest in midstream natural gas subsidiary Midcoast Operating LP to Midcoast Energy Partners LP for $350 million.

Eni signs PSC for block offshore China

Eni signed a production sharing contract with China National Offshore Oil Corp. for Block 50/34 off the southwestern coast of Hainan Island in the South China Sea.

MARKET WATCH: Oil futures climbing on Iraq’s instability

Crude oil futures climbed on both the New York and London markets June 19, which analysts said was largely driven by rising concerns about instability in Iraq and ongoing risks to Iraqi oil production. Brent crude oil prices briefly reached a 2014 high of $115.71/bbl June 19 before closing just above $115/bbl.

Udall introduces updated bill to accelerate LNG export approvals

US Sen. Mark Udall (D-Colo.) introduced an updated version of his earlier bill aimed at accelerating federal approvals of LNG export projects. The new measure accounts for the US Department of Energy’s proposal to revise the process for determining whether such projects are in the US national interest, he explained on June 18.

API: US production outpaced petroleum demand in May

US crude oil production in May increased 14.7% from May 2013 to 8.3 million b/d—the highest level for the month since 1987—according to a report from the American Petroleum Institute.

FERC approves Cameron LNG liquefaction, export project

The Federal Energy Regulatory Commission authorized Cameron LNG LLC’s plan to build and operate facilities to liquefy and export natural gas from its existing liquefied natural gas import terminal in Hackberry, La.

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82 +/- Acres For Sale in Eagle Ford. Surface only, all or nothing, on N I-37 access road (two way), between Highway 72 and US 281. Approx. 1,245’ of frontage. Next to Kinder-Morgan tank farm and truck racks. Broker/owner: (979)229-5750.

82 +/- Acres For Sale in Eagle Ford

82 +/- Acres For Sale in Eagle Ford. Surface only, all or nothing, on N I-37 access road (two way), between Highway 72 and US 281. Approx. 1,245’ o...
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