More Oil & Gas News

TSB report outlines ‘multitude of factors’ behind Lac-Megantic train derailment

A multitude of factors led to July 6 derailment of a runaway train in Lac Megantic, Que., carrying 72 carloads of Bakken crude oil bound for Irving Oil Ltd.’s refinery in Saint John, NB, according to an investigation report released Aug. 19 by the Transportation Safety Board of Canada (TSB).

USCG proposes higher offshore oil spill liability limits

The US Coast Guard proposed higher offshore oil spill liability limits under the 1990 Oil Pollution Act to reflect significant increases in the Consumer Price Index.

Lawler to lead BP’s US Lower 48 onshore business

BP PLC has appointed David Lawler as chief executive officer of its Houston-based US Lower 48 onshore business that’s slated to formally become a separate entity in early 2015.

MARKET WATCH: NYMEX crude steeply declines, natural gas climbs

The front-month crude oil price dropped nearly $2/bbl on the New York market Aug. 19 to settle at less than $95/bbl while the natural gas price for September rose on weather forecasts calling for hotter temperatures, meaning more gas-fired electric power demand.

USCG issues interim offshore supply vessel size limit rule

The US Coast Guard issued an interim offshore supply vessel (OSV) size limit rule after a 2010 law removed the previous statutory limit. The regulation became effective upon its publication in the Aug. 18 Federal Register. Comments on it will be accepted until Nov. 17.

AER strengthens air quality requirements for Peace River operators

Addressing emissions and odors, Alberta Energy Regulator says it has strengthened requirements to capture casing and tank top gas from heavy oil and bitumen operations in the Peace River region.

BlackPearl files OSCA application for Blackrod SAGD

Alberta Energy Regulator reports that BlackPearl Resources Inc., Calgary, has filed an Oil Sands Conservation Act application for the Blackrod commercial steam-assisted gravity drainage project.

MARKET WATCH: NYMEX, Brent oil prices continue slump

Oil prices slid on the New York market Aug. 18 while oil prices on the London market slumped to the lowest level since June 25, 2013, after Iraqi and Kurdish forces recaptured a dam from Islamic insurgents, reducing concerns about any immediate disruption to Iraqi oil production.

Watching Government: Regulatory mischief potential

The two American Petroleum Institute officials had discussed concerns they had about possible new restrictions emerging at the US Environmental Protection Agency while Congress was in its August recess.

House approves bill to reform the Endangered Species Act

The US House of Representatives passed a bill that would reform the Endangered Species Act for the first time in 26 years.

API urges EPA to expedite 2014 RFS requirements

The American Petroleum Institute once again has called on the US Environmental Protection Agency to transcend its pattern of missing self-pronounced deadlines and to finalize requirements under the federal 2014 Renewable Fuels Standard (RFS) as soon as possible.

Financing activism

Although oil and gas producers have been fracturing wells for decades, the completion routine now is the target of uncompromising environmental opposition claiming it threatens underground sources of drinking water.

CSB releases incident report for Tesoro’s Martinez refinery

Loose pipe fittings are to blame for a sulfuric acid release that seriously injured two workers in early February at the alkylation unit of Tesoro Corp.’s 161,000-b/d Golden Eagle refinery near Martinez, Calif., according to an Aug. 15 report released by the US Chemical Safety Board (CSB).

EIA: China to increase natural gas consumption, investment

China more than tripled natural gas production since 2003, producing 3.8 tcf in 2012, and the government is targeting production to reach about 5.5 tcf/year of gas by the end of 2015, according to a recent analysis from the US Energy Information Administration.

MARKET WATCH: Crude oil futures price closes week higher

The New York Mercantile Exchange September crude oil contract closed the week ended Aug. 15 higher, climbing $1.77 to close at $97.35/bbl. The October contract also gained, rising $1.24 to $95.32/bbl.

Market Connections

Vantage Drilling

Currently Hiring Positions in the Gulf of Mexico

Vantage Drilling is an international offshore drilling contractor which operates and manages a fleet of modern, high specification drilling rigs on...
Colorado School of Mines

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor

Colorado School of Mines Department of Petroleum Engineering is now hiring: Assistant/Associate Professor. Colorado School of Mines Petroleum Engin...
Manager of Exploration and Development

Manager of Exploration and Development

Manager of Exploration and Development: An Australian O&G Independent E&P company is seeking Manager of Exploration and Development - Onsho...
GroundWater

South Texas Whitetail & Quail Hunts

South Texas Whitetail & Quail Hunts. Little Arrowhead Ranch: Providing Quality Experiences!

Decundi Inspection Services.

Decundi Inspection Services: Inspection Services for Engineered Equipment

Decundi Inspection Services: Inspection Services for Engineered Equipment. At Decundi, we endeavor to deliver the highest quality services possible...
Stay Connected