More Oil & Gas News

Russia shuts off natural gas shipments to Ukraine

Russia’s OAO Gazprom has halted shipments of natural gas to Ukraine after the collapse of negotiations over gas prices. The shutdown is the first since January 2009.

Williams to buy Access Midstream Partners

Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along with limited partnership units raising its stake to 50% from Global Infrastructures Partners II for $5.995 billion cash.

Denbury appoints senior vice-presidents

Denbury Resources Inc., Plano, Tex., has named Brad Kerr as senior vice-president, planning, technology, CO2 supply, and pipelines. He succeeds Charlie Gibson, who has been appointed to the newly created position of senior vice-president, production operations.

MARKET WATCH: Crude futures prices end week higher on escalating Iraqi conflict

Crude oil futures prices in New York and London closed out the week ended June 13 higher on escalating violence in Iraq.

Extreme agenda shaped emissions proposal by EPA

Architects of the US Environmental Protection Agency's proposal to cut carbon-dioxide emissions from power plants have no intention of stopping with coal.

NGSA: US gas prices to feel slight upward pressure this summer

US natural gas likely will feel modest upward pressure this summer from levels a year earlier when Henry Hub prices averaged $3.77/MMbtu, the Natural Gas Supply Association said in its 2014 Outlook for Summer Gas, released June 4.

McClendon's American Energy units to acquire acreage in major US basins

American Energy–Permian Basin LLC (AEPB), American Energy–Utica LLC (AEU), and American Energy-Marcellus LLC (AEM), all affiliates of Oklahoma City-based American Energy Partners LP (AEP), have each signed agreements to acquire acreage in the Permian, Utica, and Marcellus basins, respectively, in deals totaling $4.25 billion.

Study: Future natural gas use uncertain in Europe

A high price relative to coal and increasing use of renewable energy make future demand for natural gas especially uncertain in Europe, according to an analyst at the Oxford Institute of Energy Studies, London.

Opposing groups want the SEC to write new foreign payment rules

The US Securities and Exchange Commission should move quickly to write new disclosure requirements for publicly traded US oil, gas, and mining companies' payments to foreign governments, participants in a June 9 Brookings Institution forum agreed.

CSB reports unrecognized pipe buckling added to Macondo oil spill

An incident similar to the 2010 deepwater Macondo well blowout and resulting oil spill still could occur, the US Chemical Safety Board reported June 5 in releasing its investigation findings into the 2010 incident.

Cost-benefit distortion

Dodgy estimation of costs and benefits should expose climate rules newly proposed in the US to political if not legal challenge.

OGJ Newsletter

International news  for oil and gas professionals

Investigation under way into Chinese plant explosion

A joint team of local government agencies is investigating an explosion that occurred on June 9 at Sinopec Yangzi Petrochemical Co. Ltd.’s refining and petrochemical complex in Nanjing, Jiangsu Province, China.

Chevron to sell interests in Chad, Cameroon

Chevron Corp. reported that its subsidiary Chevron Global Energy Inc. has sold its 25% nonoperated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. The sale closed June 13.

Next 5-year OCS plan to include South, Mid-Atlantic G&G data

The US Department of the Interior’s next 5-year Outer Continental Shelf oil and gas program will likely include fresh geologic and geophysical (G&G) data for the South and Mid-Atlantic OCS, US Bureau of Ocean Energy Management Acting Director Walter D. Cruickshank said.

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