More Oil & Gas News

Ruptured Plains All American crude oil line causes Pacific spill

Plains All American Pipeline LP’s Coastal Line crude pipeline ruptured May 19 in Santa Barbara, Calif., spilling more than 500 bbl into the Pacific Ocean, according to Governor’s Office of Emergency Services estimates.

Rocky Mountain states urge Washington not to interfere with sage grouse partnership

Officials from three Rocky Mountain state governments and a major national sports conservation partnership urged both the Obama administration and the 114th Congress to not interfere with what could become very successful federal-state collaborations to preserve the greater sage grouse’s habitat and keep it from being listed as an endangered species.

Yang named CNOOC’s chairman

CNOOC Ltd. has appointed Yang Hua, vice-chairman since 2010, to the position of chairman. He succeeds Wang Yilin, who has resigned.

MOL makes another discovery on Pakistan’s TAL block

MOL Group has made a commercial discovery with its Mardan Khel-1 exploration well on TAL block in Pakistan’s Khyber Pakhtunkhwa province. The company also has signed a farm-in agreement for Pakistan’s DG Khan block, taking 30% non-operating interest from Pakistan Oil Fields Ltd (POFL).

CEPSA boosts gas turbine efficiency at Spanish refinery

Compania Espanola de Petroleos SA (CEPSA) has implemented new gas turbine technology from GE to help meet Europe’s more stringent environmental emissions standards without reducing efficiency or increasing operating costs at its 12 million-tonne/year Gibraltar-San Roque refinery near Cadiz in southern Spain.

Utah will join lawsuit challenging BLM frac rules, governor says

Utah will ask to join Wyoming, North Dakota, and Colorado in a lawsuit challenging the US Bureau of Land Management’s recently issued hydraulic fracturing regulations, Gov. Gary R. Herbert (R) reported. The new federal rule unlawfully interferes with state regulations that already address the process, the action contends.

MARKET WATCH: Crude prices slide on strengthening dollar, abundant world supply

Crude oil prices on the New York and London markets declined May 18 and early May 19 as the US dollar gained 1% vs. a basket of major currencies and reports indicated that oil exports from Saudi Arabia in March reached their highest level since 2005.

Texas governor signs bill to halt cities from banning fracturing

Texas Gov. Greg Abbott signed a bill to prevent municipalities from banning hydraulic fracturing in a move that was expected after the city of Denton last year approved a referendum to prohibit fracturing in its city limits.

Petrobras posts 1Q net income of $1.76 billion

Petroleo Brasilierio SA (Petrobras) reported net income of $1.76 billion during this year’s first quarter, down only 1% from the same period in 2014.

FWS, NMFS propose changes for seeking endangered species listings

Petitions to federally list species as endangered will need to show that state wildlife agencies have been contacted beforehand and include relevant information about what those agencies are doing, the US Fish & Wildlife Service (FWS) and National Marine Fisheries Service (NMFS) said as they jointly proposed reforms to the federal Endangered Species Act (ESA) process.

DEA farms out part of West Nile Delta project to BP

DEA Deutsche Erdoel AG has farmed out its stake in the West Nile Delta project in Egypt to its joint venture partner (and operator) BP PLC “in order to better balance its portfolio,” the company reported.

Senate bills would give more coastal states offshore revenue shares

US senators introduced a trio of bills on May 11 to establish or increase shares of federal revenue with states that have federal oil and gas leases off their coasts. Measures sponsored by Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.), Bill Cassidy (R-La.), and Mark R. Warner (D-Va.) will be discussed with 23 others dealing with energy supplies during a May 19 committee hearing.

MARKET WATCH: Crude prices mixed amid unrest in Middle East

Crude oil prices on the New York and London markets ended last week with light movement, and prices remained mixed in early trading on May 18 on reports of more unrest in Iraq and Yemen.

USFS rejects most objections to White River National Forest draft leasing

A US Forest Service official has rejected most objections raised by the Western Energy Alliance, West Slope Colorado Oil & Gas Association, and Public Lands Advocacy to USFS’s draft oil and gas leasing decision for the White River National Forest in western Colorado.

Australia releases 29 areas for offshore exploration bidding

The Australian government has released a total of 29 areas for bidding in the 2015 offshore acreage release across eight basins in the Northern Territory, Ashmore Cartier Islands region, Western Australia, South Australia, Victoria, and Tasmania.

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