Hayes resigns as Deputy US Interior SecretaryUS Deputy Interior Secretary David J. Hayes announced he will leave his post June 30 to become a senior fellow at the Hewlett Foundation and teach at Stanford University’s law school. |
MARKET WATCH: Crude price increases in mixed marketThe front-month crude price was up 1.4% Apr. 29 on the New York futures market, pulled along by an equity market that anticipated the European Central Bank will reduce interest rates at its May 2 meeting while the Federal Reserve Bank won’t raise its rates. |
Bakken, Three Forks resources rise two-fold in new USGS estimateThe Bakken and Three Forks formations in North Dakota, South Dakota, and Montana hold an estimated mean of 7.38 billion bbl of undiscovered, technically recoverable crude oil, the US Geological Survey announced. |
Alberta Energy Regulator leaders pickedAlberta Energy has selected leaders of the Alberta Energy Regulator, a new independent agency consolidating activities of the Energy Resources and Conservation Board with the ministerial department Environment and Sustainable Resource Development. |
Hess looking to sell E&P assets in Indonesia, ThailandHess Corp. wants to divest its exploration and production assets in Indonesia and Thailand where it also is trying to sell its remaining downstream businesses, including terminals, retail, marketing, and trading divisions. |
API: US shale well expenditures surged in 2011The number of US unconventional oil and natural gas wells drilled in 2011 totaled 10,173 with an expenditure of $65.5 billion, estimated API’s 2011 Joint Association Survey on Drilling Costs report. |
Southwestern Energy buying Marcellus natural gas assets from ChesapeakeSouthwestern Energy Co. plans to buy natural gas assets in Pennsylvania's Marcellus shale from Chesapeake Energy Corp. and its partners for $93 million. |
Range Resources makes offer for International mergerRange Resources Ltd. has made an off-market share takeover offer for International Petroleum Ltd. Both companies are based in Perth. |
MARKET WATCH: Energy prices undermined by economic worriesEnergy prices slumped Apr. 26, following the stock markets down after the Commerce Department reported the US gross domestic product grew 2.5% in the first quarter, falling short of analysts’ outlook for a 3% rise. |
Norway orders BP to review its safety management system for spill from Ula oil fieldThe Petroleum Safety Authority Norway (PSA) has order BP PLC to review its managements systems, and PSA gave BP until September for the review regarding a September 2012 leak at Ula oil field off Norway in the North Sea. |
Canada, Israel launch energy R&D effortOfficials of Canada and Israel have called for proposals for research and development projects to be supported by the Canada-Israel Energy Science and Technology Fund, established last year. |
Rep. Rigell introduces latest Virginia offshore leasing billUS Rep. E. Scott Rigell (R-Va.) introduced legislation on Apr. 26 that would make the US Department of the Interior hold an oil and gas lease sale off Virginia’s coast as soon as it was practicable. |
Dana Petroleum appoints new managing director in EgyptAberdeen-based Dana Petroleum has appointed Paul Barnett as the new managing director of its Egypt business. |
Groups seek Supreme Court review of EPA's GHG regulationsFour oil and gas associations joined 20 other business groups on Apr. 18 in asking the US Supreme Court to review the US Environmental Protection Agency's regulation of greenhouse gases. |
EPA critiques Keystone XL draft supplemental EISThe US Environmental Protection Agency urged the US Department of State to look closely at alternative routes, including one that would closely parallel the existing Keystone crude oil pipeline, before finalizing its draft supplemental environmental impact statement for the proposed Keystone XL project. |
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