More Oil & Gas News

Laclede Group to acquire Alagasco for $1.6 billion

Laclede Group Inc., St. Louis, has entered into an agreement with Energen Corp. to acquire subsidiary Alabama Gas Corp. (Alagasco) for $1.6 billion, with an effective purchase price of $1.34 billion.

MARKET WATCH: Oil futures drop on expected resumption in Libyan supply

Crude oil futures prices fell on New York and London markets Apr. 7 on expectations that two eastern Libyan ports that export oil would be reopened soon, increasing world oil supplies.

Moody’s: Global refining, marketing industry to see earnings rise this year

The global refining and marketing industry will continue to see pockets of earnings growth over the next year, but flat conditions overall, with product demand expected to increase modestly this year by 1.2 million b/d, according to a recent report from Moody’s. That demand increase will be roughly in line with net global capacity additions, Moody’s said.

OIES: US shale gas, tight-oil plays face financial woes

Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES).

White House eyes steps to curb methane emissions from oil, gas operations

The White House announced additional steps to reduce methane emissions from oil and natural gas operations as part of a broader strategy.

Balancing climate change

Instructive timing is at work in the publication this month and last of two major reports in the Fifth Assessment by the Intergovernmental Panel on Climate Change.

The EPA assault

Thank you for your editorial apprising your readers of the Environmental Protection Agency's continued assault on America.

MARKET WATCH: Crude oil futures end week higher

The New York Mercantile Exchange May crude oil contract rose 85¢ on Apr. 4, closing at $101.14/bbl. The June contract gained 83¢ to $100.46/bbl.

Anadarko settles legacy claims against Kerr-McGee for $5.15 billion

Anadarko Petroleum Corp. and subsidiaries it acquired when it bought Kerr-McGee Corp. in 2006 agreed to pay $5.15 billion to settle fraudulent conveyance allegations brought by the US government and co-plaintiff Anadarko Litigation Trust in the bankruptcy of Tronox Inc.

LNG Ltd. unit appoints top executives

Liquefied Natural Gas Ltd. has named John G. Baguley as chief operating officer and Rick R. Cape as chief commercial officer for the company’s wholly owned, Houston-based subsidiary Magnolia LNG LLC (MLNG). Both executives will report directly to Maurice Brand, MLNG president.

Talisman aims to divest Timor Sea assets

Talisman Energy Inc., Calgary, has placed its Timor Sea production interests up for sale in a move to exit the Kitan and Laminaria-Corallina oil fields as soon as a buyer is found.

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USCG: ‘Chain of errors’ led to Shell drilling unit running aground

A US Coast Guard (USCG) investigation has found that a “chain of errors” led to the Royal Dutch Shell PLC conical drilling unit, the Kulluk, running aground on Sitkalidak Island, Alas., in December 2012.

Move carefully on crude exports, refiner urges House subcommittee

Tight oil formations have helped the US increase its crude production dramatically, an independent refiner conceded. But the nation should proceed cautiously as it considers authorizing more crude exports, he told a US House Foreign Affairs Committee subcommittee.

Escalera Resources to form Albania joint venture

Escalera International Co. LLC, a subsidiary of Escalera Resources Co. (formerly Double Eagle Petroleum Co.), has signed a memorandum of understanding with AOR Albanian Oil Rafinery SHA (AOR) to form a joint venture to identify and acquire oil and gas drilling opportunities along with related facilities and infrastructure in Albania.

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STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
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Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

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