More Oil & Gas News

EPA approves Magellan's Corpus Christi splitter project

The US Environmental Protection Agency has issued a final greenhouse gas prevention of significant deterioration construction permit to Magellan Processing LP, a wholly owned subsidiary of Magellan Midstream Partners LP, for a $400 million condensate splitter project to be located at the company's existing bulk petroleum storage terminal in Corpus Christi, Tex.

Barclays sees likely downside to North American E&P budgets

Global exploration and production spending is expected to decline at least 8.8% in 2015 vs. 2014, according to 225 companies surveyed in the Barclays E&P Spending Outlook.

BOEM raises offshore oil spill liability limit to $134 million

The US Bureau of Ocean Energy Management increased the liability limit for oil-spill related damages from offshore operations to $134 million from $75 million. The change will go into effect in January 2015.

BPC report examines possible options to reform RFS

The Bipartisan Policy Center issued a report outlining 40 possible options for reforming the federal Renewable Fuels Standard in an effort to move discussion of the controversial program beyond simply preserving or scrapping it.

Nebraska Supreme Court vacates lower court's Keystone XL ruling

Nebraska's Supreme Court vacated a lower court's decision that legislation transferring authority to determine the proposed Keystone XL crude oil pipeline's route across the state to the governor from the Public Service Commission was unconstitutional.

BP could be fined up to $13.7 billion for Macondo spill

The US District Court for the Eastern District of Louisiana ruled under Phase 2 of the MDL 2179 civil trial that 3.19 million bbl of oil were discharged into the Gulf of Mexico during the Macondo deepwater well incident in 2010. BP PLC previously was found negligent in the spill.

Loopy over gasoline

Americans turn loopy over gasoline. They throw tantrums when gasoline prices climb enough to hurt. If federal mandates accurately express their thinking about the fuel, they'd rather burn food. And when gasoline prices sink they become incoherent.

Mexico's evolving fiscal terms

Mexico's energy reform has launched an ambitious process to end the long-standing state oil monopoly, holding the promise to increase oil production and bolster the overall economy.

EPA proposes amendments to oil-spill contingency requirements

The US Environmental Protection Agency proposed amendments to federal requirements covering responses to crude-oil spills. Comments will be accepted for 90 days following the proposal’s publication in the Federal Register.

RWE Dea, LetterOne agree on revised sale valued at €5 billion

RWE AG, Hamburg, and LetterOne Group, Luxembourg, have agreed to complete the sale of RWE Dea in its entirety by early March, at latest, for €5 billion based on current exchange rates.

Gazprom Neft receives two Arctic Shelf exploration licenses

Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.

Harvest seeks arbitration against Venezuela

Harvest Natural Resources Inc., Houston, is seeking international arbitration against Venezuela, alleging the country’s government has thwarted efforts to sell its interest there.

MARKET WATCH: NYMEX falls more than $2/bbl on OPEC forecast

Crude oil prices fell by more than $2/bbl on the New York market Jan. 15 while Brent prices dropped by about $1/bbl after the Organization of Petroleum Exporting Countries issued a monthly report in which OPEC reduced its 2015 estimated OPEC oil demand.

Range cuts 2015 capital budget to $870 million

Range Resources Corp., Ft. Worth., has reduced its capital budget for 2015 to $870 million from the previously reported $1.3 billion, which already represented an 18% cut compared with the 2014 budget.

Eni acquires deepwater blocks offshore Egypt

Eni SPA will resume exploration offshore Egypt under concession agreements based on production sharing it has signed covering two deepwater blocks offered in Egyptian Natural Gas Holding Co.’s 2013 bid round.

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NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the duties of Director of Technical Services.  GPA is based in Tulsa, Oklahoma and has been the primary advocate for the midstream energy industry since 1921.  The position requires leadership of the technical and research activities of GPA and the midstream energy industry.  Knowledge of gas treating and processing together with good communication, writing and interpersonal skills is essential.  In addition, candidates must have analytical and technical aptitude for chemistry, math and physics.  A Bachelor of Science in chemical or mechanical engineering is preferred.

NOW HIRING: Director of Technical Services

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the du...
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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