More Oil & Gas News

Energy policymakers worldwide should look beyond supply security and environmental questions and consider water resource availability if they expect to succeed, experts said May 3 during a forum at the Woodrow Wilson International Center for Scholars.

Front-month benchmark crude prices jumped 3% in both the US and UK futures market May 2, wiping out losses from the previous session, after the European Central Bank cut its benchmark interest rate to a record low of 0.5% from 0.75%.

Mark Dingley has joined Horn Petroleum Corp. as chief operating officer effective May 1, and also has been appointed president of Africa Oil Ethiopia BV, a subsidiary of Africa Oil Corp. Both firms are based in Vancouver, BC.

Oil prices dropped sharply May 1 with the front-month crude contract down 2.6% in the New York futures market after federal officials reported oil inventories at the highest level since 1982.

US voters strongly support domestic oil and gas development and recognize its significant benefits to the general economy, a survey released by the Western Energy Alliance in Denver indicates.

The New York State Supreme Court Appellate Division ruled May 2 that townships in New York state can ban hydraulic fracturing and shale gas drilling within municipal borders.

Global marketed natural gas production and “apparent” consumption in 2012 grew slowly, according to a new report from Cedigaz, the international natural gas association based near Paris.

Royal Dutch Shell PLC said Ann Pickard, currently vice-president, Australia and New Zealand, upstream international, will be moved to the position of executive vice-president, Arctic, upstream Americas, effective June 1.

Oil prices fell Apr. 30 with crude dropping 1.1% in the New York futures market after the Euro-zone reported record high unemployment of 12.1%. There also was continued concern of possible US intervention in Syria.