More Oil & Gas News

Senate Democrats offer bill to reduce crude volatility on rail cars

Four US Senate Democrats introduced a bill that would require reductions of volatility in crude oil shipped by rail. The bill, S. 859, also would halt the use of older-model tank cars that have been shown to be at higher risk for puncturing and catching fire during derailments, the measure’s sponsors said.

Analysts: Oil industry dealing with downturn better than years’ past

Investment bankers and analysts entrenched in the oil and gas industry say US companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

Canadian oil industry jobs, revenues plunge

The Canadian oil industry will shed nearly 8,000 jobs this year as revenues fall by $43 billion (Can.) in response to the plunge in oil prices, predicts the Conference Board of Canada.

MARKET WATCH: Oil prices surge on Saudi airstrikes in Yemen

US light, sweet crude oil prices settled more than $1 higher on the New York market in Mar. 25 trading and then surged in early Mar. 26 trading on reports that Saudi Arabia and its allies launched airstrikes in Yemen, which analysts said renewed concerns about possible oil supply disruptions.

Cue gains Indonesian farm-in approval for Mahato PSC

Cue Energy Resources Ltd., Melbourne, received approval from Indonesia for a farm-in agreement with Bukit Energy to acquire a 12.5% interest in the Mahato production-sharing contract.

API, AAR develop crude-by-rail safety course for first responders

Associations representing the US oil and rail industries jointly announced a new safety course for first responders to crude-by-rail accidents.

PIRA: US shale oil production to slightly decline during second quarter

US shale oil production will flatten and slightly decline during the second quarter, PIRA Energy Group of New York said in an Energy Market Recap.

Ending crude exports ban would help US security, Rice study finds

Lifting the 40-year-old US crude oil export ban would benefit pricing, energy security, and petroleum investment, according to a new study issued by the Center for Energy Studies at Rice University’s Baker Institute for Public Policy in Houston.

USGS issues Appalachian basin resource study for oil, gas, coal

The US Geological Survey issued a professional paper that examines large segments of the Appalachian basin’s oil, gas, and coal resources, including accumulations, stratigraphic and structural framework, and geochemical characteristics.

DOE report identifies deficiencies in crude oil analysis techniques

A US Department of Energy report found gaps in important crude oil characterization data, uncertainty about how to best sample and analyze crude to ensure its properties are determined accurately, and deficiencies in understanding how a crude’s properties affect its potential to accidentally ignite, combust, and explode.

Shell completes $1.7 billion lease, trunk line sale in Nigeria

Shell Petroleum Development Co. of Nigeria Ltd. (SPDC) has completed its assignment of interest in oil mining lease 29 (OML 29) and the Nembe Creek trunk line (NCTL) and related facilities in the Eastern Niger Delta to Aiteo Eastern E&P Co. Ltd. for $1.7 billion.

MARKET WATCH: Oil markets volatile pending inventory report

Oil markets remained volatile Mar. 24 while analysts anticipated a weekly government inventory report showing another climb in US oil and product supplies. US light, sweet crude prices edged up on Mar. 24 to remain under $48/bbl while Brent prices fell modestly to settle at above $55/bbl.

Rio Grande LNG plant, gas pipeline granted FERC pre-filing status

NextDecade LLC has received notification from the US Federal Energy Regulatory Commission of acceptance into the pre-filing process for its 27-million tonne/year Rio Grande LNG liquefaction plant and associated Rio Bravo pipeline.

AFPM, groups challenge Oregon’s low-carbon fuel standard

Oregon’s low-carbon fuel standard violates the US constitution, the American Fuel & Petrochemical Manufacturers, American Trucking Associations, and Consumer Energy Alliance jointly charged in a lawsuit filed in US District Court for Oregon.

SPE/ICoTA: Oil field services market to contract, rebound quickly

In a keynote speech to attendees of the 2015 Coiled Tubing & Well Intervention Conference & Exhibition, Richard B. Spears, an oil field services market researcher, says the worst may be yet to come for that market, but a partial recovery also could come sooner than expected.

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Kuwait Institute for Scientific Research Now hiring

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NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
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