More Oil & Gas News

Indian cabinet committee approves natural gas pricing policy

In a long-awaited move, India’s Cabinet Committee of Economic Affairs (CCEA) has approved a natural gas pricing policy that modifies the Rangarajan formula.

De Margerie killed in Moscow plane crash

Christophe de Margerie, chairman and chief executive officer of Total SA, died Oct. 20 in the crash of a private airplane at Vnukovo Airport in Moscow.

Ashar named Cairn India managing director, CEO

Cairn India Ltd. has appointed Mayank Ashar as managing director and chief executive officer, effective Nov. 17.

MARKET WATCH: NYMEX crude oil price falls slightly

Crude oil prices fell only slightly on the New York market Oct. 20 after the US light, sweet crude benchmark tumbled much of last week and has been down for 3 consecutive weeks while Brent crude oil prices have declined on the London market for 4 consecutive weeks.

Momentum shifts in favor of development in Colorado

-Momentum appears to be shifting in the oil and gas industry's favor in Colorado after Gov. John Hickenloooper brokered a compromise that keeps off the November ballot two initiatives that were poised to place greater restrictions on development, and legal and political setbacks befell separate local measures that sought to restrict or ban hydraulic fracturing.

Mexico upstream bidding to start with shallow-water assets

Mexico plans to publish its technical bidding requirements in November, outlining logistics for the first upstream bid round, according to hydrocarbon officials visiting Houston to update the oil and gas industry on the country’s progress in opening up its assets to non-Mexican companies.

GAO sees differing crude, product price impacts with more exports

Removing US crude oil export restrictions would likely increase crude prices and decrease consumer fuel prices, the Government Accountability Office said in a recent report. It also called for a reexamination of the size of the US Strategic Petroleum Reserve.

MARKET WATCH: Crude oil futures end week slightly higher

Crude oil futures prices in New York ended the week slightly higher, but still remained below $83/bbl.

Tesoro to acquire QEP Field Services for $2.5 billion

Tesoro Corp. affiliate Tesoro Logistics LP has agreed to acquire QEP Resources Inc.’s wholly owned subsidiary QEP Field Services LLC (QEPFS), including its 58% partnership interests in QEP Midstream Partners LP for $2.5 billion.

Alaska asserts land claims at ANWR’s boundary

Alaska is seeking priority conveyance of nearly 20,000 acres of uplands at the western boundary of the Arctic National Wildlife Refuge, the state’s Department of Natural Resources reported on Oct. 17 in Anchorage. It previously requested the acreage, between the Staines and Canning rivers, under the Alaska Statehood Act and Alaska National Interest Lands Conservation Act.

Luthi: OCS still matters

National Ocean Industries Association Pres. Randall B. Luthi takes a back seat to no one when it comes to applauding increased onshore unconventional oil and gas production's contribution to the nation's dramatically improved energy outlook.

Russia likely to remain important European gas supplier, report says

Europe's natural gas supply mix likely won't change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded.

IEA reduces global oil demand forecast again on slower economic growth

The International Energy Agency's Oil Market Report (OMR) for October continues to reduce its forecast of global oil demand for 2014 by 200,000 b/d from the previous month, to 92.4 million b/d.

Countries, oil and gas firms launch methane taskforce at UN meeting

Governments of major producing countries and six multinational oil and gas companies formed a methane emissions reduction taskforce during the United Nation's global climate change summit in New York.

BlueGreen Alliance calls for strong US methane reduction strategy

The BlueGreen Alliance, a coalition of 10 national labor unions and 5 environmental organizations, urged the Obama administration to adopt a strong methane reduction strategy with the US oil and gas industry as a major component.

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