More Oil & Gas News

IEO2014: World liquid fuels consumption to rise 38% by 2040

In the 2014 edition of its International Energy Outlook (IEO2014), the US Energy Information Administration projected world liquid fuels consumption to rise 38% by 2040. The agency also pointed out that world markets for petroleum and other liquid fuels have entered a period of dynamic change—in supply and demand.

MARKET WATCH: NYMEX crude oil prices drop for third trading session

Crude oil futures prices settled lower for a third consecutive trading session Sept. 8 on the New York market, and the front-month price for US light, sweet crude reached its lowest level since Jan. 14 awaiting a weekly government oil inventory report.

Eland Oil & Gas names chief executive officer

Eland Oil & Gas PLC has appointed George Maxwell as chief executive officer, elevating him from his previous position as chief financial officer.

Punitive regulations would harm Pennsylvania, PIOGA president says

A severance tax and other election-year proposals potentially could dismantle Pennsylvania’s unprecedented natural gas production growth, the Pennsylvania Independent Oil & Gas Association’s president warned.

IPAA rejects CRUDE claim that condensate export decision was wrong

The Independent Petroleum Association of America rejected claims a coalition of four independent US refiners made in a Sept. 4 letter to the US Department of Commerce that a late-June decision making two producers’ crude oil condensates eligible for export was wrong.

Alaska LNG submits project prefiling request with FERC

Alaska LNG project partners have submitted a formal request to the US Federal Energy Regulatory Commission to start the prefile process for the major natural gas project. The FERC prefile milestone sets the stage for activity associated with the environmental review required for the siting, design, and permitting for construction of the proposed project.

MARKET WATCH: Crude oil futures end week lower

Crude oil futures prices ended last week trading lower. The New York Mercantile Exchange October crude oil contract fell $1.16 in trading Sept. 5 to $93.29/bbl. The November contract dropped $1 to settle at $92.71/bbl.

Industry a target as inversions revive talk of tax reform

New talk in the US about tax reform should make oil and gas companies nervous.

Athabasca Oil appoints president, chief executive officer

Sveinung Svarte, president and chief executive officer of Athabasca Oil Corp. since 2006, will retire Sept. 30. Tom Buchanan, chairman, will assume Svarte’s responsibilities.

OGJ Newsletter

International news for oil and gas professionals

Shell submits revisions to its 2015 Chukchi Sea exploration plan

Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed.

Fitch: Drilling downturn might prompt some consolidation

A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at favorable prices, Fitch Ratings of Chicago said in a recent research note, adding that master limited partnerships (MLPs) in particular can provide financial flexibility.

BLM announces California oil, gas strategy as CCST issues report

The US Bureau of Land Management's California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.

WRI: Shale oil, gas face tight competition for water

Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic fracturing, the World Resources Institute said in a recent report.

Watching Government: Is a Citgo sale imminent?

Reports that the Venezuelan government wants to sell Citgo Petroleum Corp. have surfaced periodically for nearly a decade.

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...
Successful, small, private E&P Company in Covington, LA has opening for experienced Petroleum Engineer. Work with Mgmt and Earth Scientists, limited supervision, well-organized, team player.  Exp performing O&G well file research, compiling data, preparing AFEs, economics, writing procedures and recommendations.  Exp in supervising workovers, well intervention projects, and knowledge of ops in both onshore and inland waters.  Petroleum Engineering degree or equivalent.  Exp in planning and executing sidetracks and new drills preferred.   Communication skills a must.   Current BOP cert preferred.  Comp benefits.

Gulf Coast Petroleum Engineer

Successful, small, private E&P Company in Covington, LA has opening for experienced Petroleum Engineer. Work with Mgmt and Earth Scientists, li...
Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS: Gas Pipeline Compressor Station Operator, Gas Pipeline Compressor Station I&E Technician, Gas Pipeline Compressor Station Maintenance Technician.

Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS

Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMM...
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...
IDAHO DEPARTMENT OF LANDS

Now Hiring: Minerals Leasing Program Manager

Become part of an organization where you will work with dedicated and extraordinary people who have commitment and skills to manage and protect Ida...
Stay Connected