More Oil & Gas News

Obama determined to let Keystone XL review process 'play out'

US President Barack Obama reiterated his stance on Nov. 5 that the proposed Keystone XL crude oil pipeline's ongoing cross-border permit review process should be allowed to proceed amid suggestions that Republicans winning majority control of the Senate in elections a day earlier opens the way for congressional legislation on the matter to reach his desk.

Watching Government: Considering the 2014 elections

Not a whole lot changed for US oil and gas in the 2014 elections despite Republicans regaining majority control of the Senate and increasing their number of governorships.

CSB releases final report on Chevron Richmond refinery fire

The US Chemical Safety Board (CSB) has issued the final regulatory report on its investigation of the August 2012 pipe rupture and ensuing fire at Chevron Corp.'s 257,000-b/d Richmond, Calif., refinery, in which the agency reinforced its call for a more-rigorous approach to safety management at US refineries.

TAEP: TPI continues record pace, but threatened by falling oil prices

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), continued on its record pace in September, reaching a score of 312.3, up 6% compared with September 2013.

DOE permits LNG exports to non-FTA countries from Freeport terminal

The US Department of Energy authorized LNG exports to countries not having a free-trade agreement with the US from Freeport LNG Expansion LP and FLNG Liquefaction LLC’s Quintana Island terminal and liquefaction plant in Texas.

Legislative vote delays St. Croix refinery sale

The Senate of the 30th Legislature of the US Virgin Islands has voted unanimously to send back a proposed agreement that would provide for the restart of Hovensa LLC’s idled 500,000-b/d refinery on the island of St. Croix to the legislative body’s finance committee for further review.

Members decry motivation as House passes Cassidy’s Keystone XL bill

Members from both parties criticized the measure’s motivation as the US House approved US Rep. Bill Cassidy’s (R-La.) bill to expedite federal approval of the proposed Keystone XL crude oil pipeline project. The measure passed by 252 to 161 votes as 31 Democrats joined Republicans in support of the action.

Oil & Gas UK rebuts industry-subsidy claim

Oil & Gas UK has issued a sharp rebuttal to reports that UK producers enjoy generous governmental subsidies.

 

MARKET WATCH: Oil futures price falls nearly $3/bbl in New York

The New York Mercantile Exchange December crude oil contract dropped $2.97 on Nov. 13, closing at $74.21/bbl. The January 2015 contract dropped $2.99 to $74.16/bbl.

Mexico moving quickly to implement energy reforms, officials report

Mexico is moving quickly to implement its aggressive energy reforms, two officials of its government told a conference at the Woodrow Wilson International Center for Scholars. “My office has a very tight schedule where we’ll publish all the terms for the first shared contracts by the end of this month, and into next year,” said Maria de Lourdes Melgar Palacios, hydrocarbons undersecretary in the country’s hydrocarbons secretariat.

Company incorporated for TAPI gas pipeline

GAIL (India) Ltd. reported the establishment of a company that will build, own, and operate the 1,800-km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.

Santos group releases draft EIS for Gladstone LNG expansion

A group led by Santos Ltd. Has released a draft environmental impact statement (EIS) for a proposed expansion of a gas field development that would be used to feed the Gladstone LNG project on Curtis Island in Queensland.

North Dakota lawmakers mull Bakken crude regulations

Oil producers in North Dakota’s Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

American Energy unit adds SCOOP, STACK acreage in Oklahoma

American Energy–NonOp LLC (AENO), an affiliate of American Energy Partners LP (AEP), Oklahoma City, has completed a series of transactions with Double Eagle Energy Holdings LLC, Ft. Worth, and several other parties to acquire nonoperated working interests in the SCOOP and STACK resource plays in southern and central Oklahoma for $251 million.

BP Egypt, partners to invest $240 million in Egyptian blocks

BP Egypt and its partners have committed to investing $240 million in two exploration blocks awarded by Egyptian Natural Gas Holding Co. (Egas) in its 2013 bid round.

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