More Oil & Gas News

Cenovus sells royalty business for $3.3 billion

Cenovus Energy Inc., Calgary, inked an agreement to sell its wholly owned subsidiary Heritage Royalty LP to Ontario Teachers’ Pension Plan for gross cash proceeds of $3.3 billion. HRP holds 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan, and Manitoba.

CERI: Energy, operational efficiencies possible in Canadian oil, gas

Measures can be taken by operators in the expanding resource-intensive Canadian oil and gas sector to improve both energy efficiency and operational efficiencies, according to a report from the Canadian Energy Research Institute (CERI).

AGL Energy to scale back upstream gas operations

Gas retailer AGL Energy Ltd., Sydney, says it will exit the oil business and massively scaling back its upstream gas operations.

Macondo settlement seen ‘positive’ for BP

BP Exploration & Production Inc.’s recent agreement to settle federal and state claims related to the 2010 Macondo blowout and spill improves the company’s financial outlook, according to Moody’s Investors Service.

Court to EPA: Costs matter

Oil and gas groups did not respond immediately when the US Supreme Court ruled on June 29 that the US Environmental Protection Agency acted unreasonably when it said costs were irrelevant in regulating mercury and air toxics emissions from coal-fired power plants.

Emerging producers offered guidelines for governance

Like most worthy endeavors, governing oil and gas activity at the national level is easier said than done-especially where oil and gas never before have been produced.

The price of oil and OPEC-history repeating?

The world oil market today is characterized by a standoff between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers amid excess supply.

Innovation addresses US environmental regulations; more needed

Technology spawned the recent boom in US oil and gas production which in turn led to new regulations that keep the environment and people safe.

Earth model assists Permian asset valuation

Laredo Petroleum Inc.'s Permian-Garden City asset is an unconventional resource play with more than four potential stacked zones covering a 1,700 square-mile fairway in five counties in the Midland basin, Texas.

China's Yanchi area, western Ordos basin derived from mixed source

The Yanchi area lies in the west of China's Ordos basin and to the west of the giant Sulige gas field, site of recent breakthroughs in Lower Permian exploration.

Newfoundland, Labrador prepare for deepwater exploration

Canada-Newfoundland and Labrador Offshore Petroleum Board's (C-NLOPB) most recent call for bids for the Eastern Newfoundland Region is coming to a close Nov. 12, 2015.

Poor BIA management has hindered tribal energy development, GAO says

The US Bureau of Indian Affairs does not have data it needs to verify ownership of some Indian oil and gas resources, easily identify resources available for lease, or identify where leases are in effect, the Government Accountability Office said.

Group suggests principles for Alberta royalty review

The Canadian Association of Petroleum Producers (CAPP) has suggested that four principles guide Alberta in an oil and gas royalty review planned by a new center-left government in conjunction with a toughened approach to climate change.

US House committee leaders send letters to Plains, PHMSA about leak

US House Energy and Commerce Committee leaders from both parties asked Plains Pipeline LP and the US Pipeline and Hazardous Materials Safety Administration for more information following a Plains system rupture that leaked crude oil near Santa Barbara, Calif. (OGJ Online, May 20, 2015).

Senate Democrats outline broad energy goals to nation's governors

Forty-five US Senate Democrats outlined broad energy policy goals including more clean energy technology investments, infrastructure improvement, and carbon pollution reduction in a letter seeking support from the nation's governors.

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