Canada to EU: Don't penalize oil sandsCanada’s minister of natural resources has warned officials of the European Union against “discriminatory treatment” of fuels made from products of Canadian oil sands. |
Apache to divest assets worth $4 billionApache Corp. will sell properties worth $4 billion by the end of 2013 in what G. Steven Farris, chairman and chief executive officer, described as a program to “divest noncore assets while retaining those that drive long-term growth and generate cash from operations.” |
Deepwater well containment exercise completedA test deployment of well control equipment was completed by the Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE), Noble Energy Inc., and the Helix Well Containment Group (HWCG) to assess Noble’s ability to respond to a potential subsea blowout in the Gulf of Mexico. |
MARKET WATCH: Oil prices decline as risk premium easesOil prices generally retreated May 7 with front-month crude ending a three-session rally in the New York market as Middle East conflict failed to heat up. |
OTC: Petrobras emphasizes safety in FPSO design, operation in gulfSafety was a priority for engineers planning the first floating production, storage, and offloading vessel installed in the Gulf of Mexico, Petrobras America Inc. executives told a May 6 technical session of the Offshore Technology Conference in Houston. |
Schanck to retire from Sonde Resources top postsJack Schanck, president and chief executive officer of Sonde Resources Corp., Calgary, has formally notified the board of his intention to retire from Sonde for personal reasons. |
API to EPA: Tier 3 so controversial it requires rulemaking processThe American Petroleum Institute urged the US Environmental Protection Agency to use a full Clean Air Act rulemaking process for its proposed Tier 3 rule instead of a rushed review process API says the agency is contemplating. |
LNG exports may help put US in stronger global position, Jaffe saysDebate over whether the US should authorize more LNG exports has been too narrowly focused on potential domestic impacts, an energy and geopolitical expert told a US House subcommittee. |
HRT to acquire Campos basin shelf oil field from BPHRT Oil & Gas Ltd., Rio de Janeiro, will acquire BP PLC’s 60% interest in Polvo oil field in shallow water in the southern Campos basin offshore Brazil for $135 million cash. |
MARKET WATCH: Syria bombings hike oil pricesNews of a second Israeli air strike on Syria during the weekend pulled the oil market out of a morning slump May 6 with front-month crude up nearly 1% by the end of the New York market session. |
OTC: GL Noble Denton survey shows executives expect stricter US offshore regulationsGL Noble Denton surveyed more than 100 senior oil and gas professionals regarding their comments on new US offshore regulations in the 3 years since the deepwater Macondo well blowout and resulting explosion and fire to the Deepwater Horizon semisubmersible in the Gulf of Mexico. |
EQT acquiring more Marcellus shale assetsEQT Corp. agreed to buy 99,000 net acres in southwestern Pennsylvania and 10 horizontal Marcellus wells in Washington County, Pa., from Chesapeake Energy Corp. and partners. |
Independent to acquire GeoMet Alabama CBM assetsA private independent oil and gas company with interests in Alabama will purchase the Alabama coalbed methane properties of GeoMet Inc., Houston, for $63.2 million. The buyer’s name has yet to be released. |
Statoil warns against Norwegian tax moveStatoil says a proposal by the Norwegian government to lower an allowance against the special petroleum tax would hurt the allure of future offshore projects. |
Athabasca Oil chief executive assumes role as presidentSveinung Svarte, chief executive officer of Athabasca Oil Corp., Calgary, will function also as president after the departure of Bryan Gould and formation of an executive operational and development committee to be chaired by Ronald Eckhardt, a director. |
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