More Oil & Gas News

UDW drilling in deep water?

A March report from the US Energy Information Administration forecasts increased production from the Gulf of Mexico over the next 2 years (OGJ Online, Mar. 3, 2015).

Stigmatizing dissent

Engineers and scientists who work at the core of the oil and gas industry should regret a new attempt to stigmatize Wei-Hock "Willie" Soon.

Watching Government: Why call-ups are continuing

Western Energy Alliance members were fully aware that more significant federal onshore oil and gas policies are being developed in the nation's capital now than in the Rocky Mountains where the independent producers live and work.

OGJ Newsletter

International news for oil and gas professionals

Report notes strong Saudi fiscal 'buffers'

Saudi Arabia has fiscal buffers enabling it to cover projected deficits while oil prices are low for at least 4 years and perhaps more than 8 years, according to an analyst at Arab Petroleum Investments Corp., Dammam.

Pennsylvania governor proposes natural gas severance tax

Pennsylvania Gov. Tom Wolf proposed a $29.9-billion budget on Mar. 3 that includes $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

Shell moves to business-as-usual plan for strike-impacted refineries

As the United Steelworkers union (USW) strike enters its fifth week, Royal Dutch Shell PLC, which serves as lead company for National Oil Bargaining (NOB) negotiations, is implementing a plan to return its strike-impacted sites to normal, full-rotation operations without the use of union workers.

Pennsylvania's DEP releases proposed changes to well site regulations

Pennsylvania's Department of Environmental Protection (DEP) proposed changes to its regulations governing oil and gas well sites. The proposals aim to improve water resource protection, add public resource considerations, protect public safety, address landowner concerns, and enhance transparency by improving data management, DEP said.

Encana trims additional $700 million from 2015 capital budget

Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion "to maintain a solid balance sheet and help strengthen liquidity through a low price environment."

Statoil to delay development of Johan Castberg, Snorre 2040 projects

Statoil ASA and its respective partners have reported the postponement of the development of both the Johan Castberg and Snorre 2040 field projects to cut costs.

BP, partner complete $12-billion deal to develop Egypt gas

BP PLC and a local partner have signed final agreements for the West Nile Delta (WND) natural gas project in Egypt, whereby $12 billion will be invested to develop 5 tcf of gas resources and 55 million bbl of condensates.

Tap Oil starts review of divestment options

Tap Oil Ltd., Perth, has begun a strategic review of its divestment options, which is being held in the shadow of a boardroom leadership challenge from Thai millionaire Chatchai Yenbamroong.

MARKET WATCH: NYMEX prices fall on strengthening dollar

Oil prices fell modestly on the New York market Mar. 5, which analysts attributed to concerns about an unexpected increase in US gasoline supplies along with a strengthening dollar.

Maritime transportation is moving toward LNG, Brookings speakers say

Maritime industries’ use of LNG instead of diesel to fuel its vessels is changing from potential to reality, speakers agreed at a Mar. 3 discussion at the Brookings Foundation. New ship, barge, and boat orders increasingly specify dual-fuel capability, and LNG’s favorable economics are holding up surprisingly well despite the recent crude-oil price plunge, they said.

US Arctic priorities shortchange Alaskans’ needs, Senate panel told

As the US prepares to chair the Arctic Council later this year, it recognizes that international decisions can directly affect Alaska and its residents and plans to closely engage with them, Adm. Robert J. Papp Jr., the US Department of State’s Special Representative for the Arctic, told the US Senate Energy and Natural Resources Committee.

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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.

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