Statoil, Total swap Barents Sea interestsStatoil AS and Total SA have agreed to swap 10% interests in two petroleum licenses in the Barents Sea offshore Norway. |
San Leon Energy to buy Talisman’s share of Poland shale gas JVSan Leon Energy PLC agreed to buy Talisman Energy Inc.’s share of a shale gas joint venture in Poland. Talisman is the second international major oil company to withdraw from Poland, following a decision last year by ExxonMobil Corp. to exit Poland after early results failed to produce commercial wells. |
OTC: Deepstar focused on subsea equipmentAdvances in deepwater technology require financial commitment by oil companies and a willingness to form partnerships with vendors and regulators, panelists discussing the DeepStar research and development collaboration told an opening session of the Offshore Technology Conference in Houston. |
State AGs urge EPA to resist call for oil, gas methane curbsOklahoma Atty. Gen. E. Scott Pruitt (R) and 12 more attorneys general from producing states urged the US Environmental Protection Agency to resist a threat by seven northeastern states to sue if EPA does not impose methane emissions limits under the federal Clean Air Act. |
API to EPA: Tier 3 so controversial it requires rulemaking processThe American Petroleum Institute urged the US Environmental Protection Agency to use a full Clean Air Act rulemaking process for its proposed Tier 3 rule instead of a rushed review process API says the agency is contemplating. |
OTC: GL Noble Denton survey shows execs expect stricter US offshore regsGL Noble Denton surveyed more than 100 senior oil and gas professionals regarding their comments on new US offshore regulations in the 3 years since the deepwater Macondo well blowout and resulting explosion and fire to the Deepwater Horizon semisubmersible in the Gulf of Mexico. |
North Sea renewable gas |
BLM releases draft plan to clean up NPR-A legacy wellsThe US Bureau of Land Management’s Anchorage, Alas., office released a draft plan listing near-term priorities and actions to plug and clean up legacy wells in the National Petroleum Reserve-Alaska, but the draft quickly drew fire from the state’s senior US senator. |
MARKET WATCH: Crude prices slip in mixed New York marketFront-month crude dipped 0.7% May 9 in the New York market amid concerns over falling demand and rising supply despite a bullish report on commercial US oil inventories that boosted prices in the previous session. |
House Republicans form group to examine Endangered Species ActThirteen US House Republicans formed a working group to consider ways the federal Endangered Species Act is working, how it could be updated, and how to make it more effective. ESA matters to oil and gas producers as petitions to list species as endangered are filed with the US Fish and Wildlife Service, sometimes with the potential to severely restrict or outright prohibit exploration, production, and development. |
MarkWest Energy buys Granite Wash assets in Texas, OklahomaMarkWest Energy Partners LP, Denver, has bought midstream assets in the Anadarko basin from a wholly owned subsidiary of Chesapeake Energy Corp. for $245 million. |
Inpex to get stake in block off UruguayInpex Corp., through a subsidiary, has agreed to acquire a 30% participating interest in Area 15 offshore Uruguay from a subsidiary of Tullow Oil PLC (see map, OGJ, May 7, 2012, p. 60). |
MARKET WATCH: Bullish inventories pull up oil pricesThe front-month US benchmark crude was up 1.1% in the New York market amid mixed trading May 8, following a bullish report on US inventories. |
Petronas to buy OGX interests offshore BrazilPetronas Brasil E&P Ltda. has agreed to buy interests in two blocks in Brazil’s Campos basin from OGX Petroleo e Gas SA for $850 million. |
House panel questions funding support for BLM to regulate fracingUS House Natural Resources Committee members from both sides of the aisle questioned whether Congress would be willing to fund a federal hydraulic fracturing regulatory regime at the US Bureau of Land Management. |
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