More Oil & Gas News

Oil & Gas UK report calls for greater collaboration offshore

The assurance of long-term future success for the UK’s offshore oil and gas industry will depend largely on greater collaboration among industry and government participants, according to Oil & Gas UK’s Economic Report 2014, released Sept. 30.

Edgo Energy gets two licenses in Tajikistan

Edgo Energy, Amman, has secured licenses to two blocks in Tajikistan near the border with Afghanistan.

PT Pertamina to acquire Malaysian assets for $2 billion

PT Pertamina Malaysia Eksplorasi Produksi has agreed to acquire 30% of the Malaysian oil and gas assets belonging to Murphy Sabah Oil Co. Ltd. and Murphy Sarawak Oil, both wholly owned subsidiaries of Murphy Oil Corp., for $2 billion in cash.

Statoil, Shell awarded shale license in Algeria

Algeria’s energy ministry has awarded Statoil ASA and Royal Dutch Shell PLC the 2,730-sq-km Timissit permit license in the Illizi-Ghadames basin in the southeast part of the country. The award is part of Algeria’s Fourth International Bid Round launched in January.

MARKET WATCH: NYMEX crude oil up more than $1/bbl

Crude oil prices rose more than $1/bbl on the New York market Sept. 29, and the premium of Brent crude over US light, sweet crude was less than $3/bbl as Brent for November delivery rose only modestly.

Chief operating officer named for American Energy units

American Energy Partners LP, Oklahoma City, has appointed John K. Reinhart as the chief operating officer of affiliates American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM).

MARKET WATCH: Crude oil, natural gas futures end week higher

The New York Mercantile Exchange November crude oil contract gained $1.01 on Sept. 26, closing at $93.54/bbl. The December gained 84¢ to $92.62/bbl.

EnLink Midstream to purchase Gulf Coast gas pipeline systems

A subsidiary of EnLink Midstream Partners LP and EnLink Midstream LLC has agreed to acquire Gulf Coast natural gas pipeline assets, including the Bridgeline system predominantly residing in Southern Louisiana, from Chevron Pipe Line Co. and Chevron Midstream Pipelines LLC for $235 million. The transaction is expected to be completed in the fourth quarter.

Encana to acquire Athlon Energy in $7.1 billion deal

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion. Encana also will assume Athlon’s $1.15 billion of senior notes, bringing the total transaction value to $7.1 billion.

Beneath Macondo's surface

While certainly not forgotten, the 2010 Macondo deepwater well blowout in the Gulf of Mexico seems safely in the past. The oil and gas industry responded with improved technology and procedures.

Climate marketing

US Treasury Sec. Jacob L. Lew has an unenviable job. Apparently, he has been placed in charge of marketing the economic dimensions of President Barack Obama's campaign against climate change.

Investors watch with interest as Mexican energy reform unfolds

Mexico is implementing key aspects of its energy reform more quickly than some observers had expected. So far this year, the country has passed 21 new and amended laws relating to the sector and selected the oil and gas fields that will be placed on the block in the country's first competitive upstream bid round, set for mid-2015.

China's demand growth may make it globally dominant, speakers suggest

China potentially could dictate terms as the fastest growing market in a world suddenly awash in potential oil and gas resources, speakers suggested during a discussion of energy and security in China and Pacific Asia at the Woodrow Wilson Center for Scholars.

GMU forum: More energy cases could head to Supreme Court in 2015

The US Environmental Protection Agency's ambitious regulatory agenda potentially could push more energy cases to the US Supreme Court in 2015, speakers agreed at a Sept. 18 forum sponsored by George Mason University Law School's Law & Economics Center.

Senate adopts bill making BLM drilling permit pilot program permanent

The US Senate approved Tom Udall (D-NM) and John Barrasso's (R-Wyo.) bill permanently extending a US Bureau of Land Management drilling permit processing improvement pilot program that was established under the 2005 Energy Policy Act. It was scheduled to expire in 2015.

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Gulf Coast Petroleum Engineer

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