More Oil & Gas News

Origin Energy to acquire Karoon’s Poseidon permits

Origin Energy Ltd., Sydney, has acquired 40% equity in the offshore Western Australian Browse basin permits WA-315-P and WA-398-P that contain the Poseidon gas fields from Karoon Gas Australia Ltd., Melbourne, for up to $800 million.

Sage grouse 'pause button' bills

Congressional Republicans from four Rocky Mountain states rallied behind legislation introduced May 22 that would delay a court-ordered decision on whether the Greater Sage Grouse should be listed as an endangered species for 10 years.

Australian offshore exploration drilling down, costs up

Australia is drilling two thirds fewer offshore exploration wells than in 2003, but the total costs of drilling those wells has increased fivefold.

Chesapeake to spinoff oil field services unit, divest $4 billion in assets

Chesapeake Energy Corp., Oklahoma City, has decided to proceed with spinning off its oil field services business, currently conducted through its wholly owned subsidiary Chesapeake Oilfield Operating LLC (COO), almost 3 months after reporting that a spinoff or outright sale of the business was under consideration.

Girling: TransCanada considering rail as Keystone XL alternative

TransCanada Corp. is considering rail as an alternative to its proposed Keystone XL pipeline, Chief Executive Officer Russ Girling said for the first time on May 21.

AER: Environmental charges laid against Plains Midstream for 2012 spill

The Alberta Energy Regulator said environmental charges have been laid against Plains Midstream Canada ULC for a 2012 pipeline incident. AER said 2,900 bbl of sour crude were released from the Rangeland pipeline into the Red Deer River near Sundre, Alta.

Lackawanna College responds to region's qualified manpower need

Lackawanna College, an accredited private nonprofit institution with a main campus in Scranton, Pa., and five other schools and centers across the state, "took a leap," in its president's words, when it established its School of Petroleum & Natural Gas (SPNG) in 2009.

Reform in Mexico

While implementing energy reform of historic importance, the Mexican Congress should learn from a Latin American oil producer further along in the process.

MARKET WATCH: Futures prices end week down across the board

The New York Mercantile Exchange July crude oil contract price fell 87¢, closing at $102.71/bbl to end the month of May. The August contract declined 80¢ to settle at $101.98/bbl.

The sky's not falling

The Obama administration has issued the newest "sky-is-falling" climate change report, suggesting that global warming and the "climate disruption" from unusual weather events call for "the need to take urgent action."

CEDIGAZ: Europe faces crisis in electric power reliability

Europe faces “a major structural crisis” of electric power reliability as thermal generation capacity needed to back up electricity from renewable energy falls, according to a report by CEDIGAZ (International Center for Natural Gas Information).

BOEM awards leases in US-Mexico transboundary area to ExxonMobil

The US Bureau of Ocean Energy Management has awarded the first three oil and gas leases in the Gulf of Mexico area subject to the US-Mexico Transboundary Hydrocarbons Agreement to Exxon Mobil Corp., which bid for the blocks during Western Planning Area Sale 233 in August 2013.

MARKET WATCH: Crude oil futures price up, gas price falls

The New York Mercantile Exchange July crude oil contract price gained 86¢, closing at $103.58/bbl on May 29. The August contract rose 79¢ to $102.78/bbl.

OMV to invest €500 million in Nawara gas field

OMV AG reported it will invest €500 million in Tunisia’s Nawara gas field development joint project with Tunisia’s state-owned ETAP.

Energy XXI, EPL shareholders okay merger

Shareholders of Energy XXI (Bermuda) Ltd. and EPL Oil & Gas Inc. have approved the merger to which the companies agreed in March.

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