More Oil & Gas News

Industry a target as inversions revive talk of tax reform

New talk in the US about tax reform should make oil and gas companies nervous.

Athabasca Oil appoints president, chief executive officer

Sveinung Svarte, president and chief executive officer of Athabasca Oil Corp. since 2006, will retire Sept. 30. Tom Buchanan, chairman, will assume Svarte’s responsibilities.

Fitch: Drilling downturn might prompt some consolidation

A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at favorable prices, Fitch Ratings of Chicago said in a recent research note, adding that master limited partnerships (MLPs) in particular can provide financial flexibility.

OGJ Newsletter

International news for oil and gas professionals

BLM announces California oil, gas strategy as CCST issues report

The US Bureau of Land Management's California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.

Watching Government: Is a Citgo sale imminent?

Reports that the Venezuelan government wants to sell Citgo Petroleum Corp. have surfaced periodically for nearly a decade.

Shell submits revisions to its 2015 Chukchi Sea exploration plan

Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed.

WRI: Shale oil, gas face tight competition for water

Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic fracturing, the World Resources Institute said in a recent report.

Christie calls for N. American energy system improvements

Mexico, Canada, and the US will need to significantly increase investments in energy systems if they expect to achieve the full benefits of a North American energy renaissance, New Jersey Gov. Chris Christie (R) said during a multiday visit to Mexico.

MARKET WATCH: Crude oil experiences week-long ‘bumpy ride’

The crude oil market was taken on a “bumpy ride” down a rocky road for much of this week, according to a commodities research note from Barclays Research, “as soft fundamentals and escalating tensions in Eurasia sparked price volatility.”

Devon Canada files with AER for Walleye oil sands project

Devon Canada Corp. has submitted applications with Canada’s Alberta Energy Regulator for its Walleye steam-assisted gravity drainage project.

Questions about EPA

Although the suggestion will strike some observers as sacrilege, the US should begin asking whether the Environmental Protection Agency has outlived its usefulness.

AU Energy to acquire Tullow Netherlands unit

AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonoperated Q4 and Q5 block interests from Tullow Exploration & Production BV, a subsidiary of Tullow Oil PLC, for $81.1 million.

Boardwalk buys Louisiana ethylene pipeline from Chevron

Boardwalk Pipeline Partners LP has agreed to buy Chevron Petrochemical Pipeline LLC—including the 176-mile Evangeline ethylene pipeline—from Chevron Pipe Line Co.

Federal judge finds BP E&P negligent in Macondo crude oil spill

A nearly 5 million bbl crude oil spill following the 2010 Macondo deepwater well blowout in the Gulf of Mexico was the result of operator BP Exploration & Production Inc.’s gross negligence and willful misconduct, a federal district court judge ruled in New Orleans.

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