More Oil & Gas News

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.

Nova Scotia prohibits hydraulic fracturing

The government of Nova Scotia has imposed an indefinite ban on hydraulic fracturing onshore.

Tamarack to buy Suncor’s Wilson Creek assets

Tamarack Acquisition Corp., a subsidiary of Tamarack Valley Energy Ltd., will acquire Wilson Creek assets in central Alberta from Suncor Energy Inc., Calgary, for $168.5 million (Can.).

MARKET WATCH: Crude oil futures prices rebound on Russia-Ukraine talks

Crude oil futures prices rebounded on both the New York and London markets Sept. 3, which analysts attributed largely to comments from Russian President Vladimir Putin that he expected fighting in Ukraine to end within days.

ExxonMobil plans upgrade at Norwegian refinery

ExxonMobil Corp. subsidiary Esso Norge AS is planning to install a residual flash tower designed to replace heavy fuel oil production at its 6 million-tonne/year refinery at Slagen, Norway.

Ryder Scott: Trinidad and Tobago’s gas reserves fell in 2013

Trinidad and Tobago’s proved natural gas reserves declined from 13.106 tcf in 2012 to 12.24 tcf in 2013. This is according to the latest survey of the Caribbean twin-island nation’s nonassociated gas conducted by Houston-based Ryder Scott Petroleum Consultants.

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. It found that 38% of the world’s tight shale resources face high to extremely high water stress or arid conditions.

EQT, NextEra to build Marcellus-Utica gas pipeline

EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., have formed a joint venture, Mountain Valley Pipeline LLC, to build and own the 330-mile Mountain Valley natural gas pipeline. The joint venture also launched a binding open season for shipment on the 2-bcfd system.

Halliburton announces $1.1 billion Macondo claims agreement

Halliburton Co. reported a $1.1 billion agreement that it said would settle most of the class claims asserted by plaintiffs against the Houston oil field service company following the 2010 Macondo deepwater well blowout in the Gulf of Mexico.

MARKET WATCH: NYMEX, Brent crude oil futures dive on ample world oil supply

Crude oil futures prices slumped on both the New York and London markets on Sept. 2, with Brent reaching its lowest level in 16 months while front-month US light, sweet crude prices dripped to their lowest since January.

Buckeye to buy Corpus Christi terminal interest in $860 million deal

Buckeye Partners LP has agreed to acquire 80% interest in a company that it will jointly own with Trafigura AG for $860 million. The transaction is expected to close later this month.

Deals with CNPC seen good for Russian firms

Russia’s recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody’s Investors Service.

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Gulf Coast Petroleum Engineer

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Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS

Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMM...
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