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Producers can use CVS case as guidance when engaging in workforce reductions

Unconventional production companies contemplating workforce reductions could gain guidance on how to avoid legal hazards from a case involving a pharmacy.

ND bills would expand Industrial Commission, void flaring rule, vapor-pressure standards

Republican lawmakers in North Dakota have initiated legislation that would bring already-established rules on reduced gas flaring and on oil conditioning standards for crude produced from the Bakken, Three Forks, and Sanish formations back into the statehouse.

Comment: Beware of break-even and marginal-cost analyses

Shale oil and gas productivity and costs vary dramatically among the different areas of a shale formation, and the difference between owning the best acreage or the worst is what makes winners and losers.

MARKET WATCH: NYMEX oil prices rise on revised OPEC forecast

Crude oil prices climbed more than $1/bbl on Feb. 9 to settle above $52/bbl, marking a third consecutive trading session that ended with higher prices. The latest gain came after the Organization of Petroleum Exporting Countries increased its forecast for demand for OPEC crude oil during 2015.

MEO, Eni to exchange sections of Timor Sea permit

MEO Australia Ltd., Melbourne, and Eni SPA—MEO’s joint-venture partner in the NT/P68 permit in the Timor Sea—have decided to split the permit between them.

MRPL increases ownership in aromatics complex

Mangalore Refinery & Petrochemicals Ltd. (MRPL), a subsidiary of Oil & Natural Gas Corp. Ltd. (ONGC), has increased its ownership interest in ONGC Mangalore Petrochemicals Ltd. (OMPL), an aromatics complex adjacent to and fully integrated with MRPL’s 15 million-tonne/year refinery at Mangalore, India.

Bakken likely to be hardest hit by oil-price slump

Opinions varied among analysts and consultants contacted by UOGR regarding which unconventional US plays will maintain robust drilling and investment this year despite dropping oil and natural gas prices. But, the Bakken formation was commonly said to be the region most apt to feel the sting.

CNOOC signs two South China Sea PSCs with SK Innovation

China National Offshore Oil Corp. Ltd. signed two production-sharing contracts with SK Innovation Co. Ltd., Seoul, for two blocks in the Pearl River Mouth basin of the South China Sea.

Renewed uncertainty emerges over Greater Sunrise development

There has been renewed uncertainty over the development of the Woodside Petroleum Ltd.-operated Greater Sunrise gas field in the Timor Sea following an East Timorese parliamentary law passed last week. This came in the wake of the resignation of East Timor’s Prime Minister Xanana Gusmao.

Senators’ bill aims to curb flaring by expediting permit process

North Dakota and Wyoming’s US senators introduced legislation that aims to capture methane and reduce flaring by expediting procedures for obtaining permits for natural gas gathering lines on federal and Indian lands.

USW union workers add two BP refineries to strike list

Union workers at two BP PLC-owned refineries in Indiana and Ohio have joined the United Steelworkers union’s (USW) unfair labor practice (ULP) strike against the oil industry that began on Feb. 1 after a breakdown in discussions with companies regarding collective bargaining agreements over pay, benefits, and health and safety standards.

Bendine elected as Petrobras’ chief executive officer

The board of Petroleo Brasileiro SA (Petrobras) has approved the election of Alde Mir Bendine as the company’s chief executive officer.

Central starts gas sales from Palm Valley field

Central Petroleum Ltd., Brisbane, is to start sale of early natural gas from Palm Valley field to Northern Territory Power & Water Corp. under an agreement previously struck with Magellan Petroleum Australia.

Market Connections

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
Kuwait Institute for Scientific Research Now hiring

Now Hiring

NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
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