More Oil & Gas News

Oil, rail groups comment on DOT's proposed crude-by-rail regulations

Proposed federal crude-by-rail regulations should focus more on accident prevention and mitigation than tank-car redesigns and retrofits, two major oil industry trade associations separately said in comments submitted to the US Department of Transportation on Sept. 30.

US should reexamine Jones Act, Tesoro's CEO recommends

Tesoro Corp. Chief Executive Officer Gregory J. Goff called for a review of the Jones Act, a federal law dating from the 1920s that requires US-produced goods moving between US ports to do so aboard US-flagged vessels.

Groups ask Obama to impose methane emissions limits

Leaders of 16 national environmental organizations have asked US President Barack Obama to impose methane emissions limits on the US oil and gas industry.

BLM to offer 270 tracts in NPR-A lease sale

The US Bureau of Land Management will offer oil and gas leases within the National Petroleum Reserve-Alaska (NPR-A) at a sale on Nov. 19 in Anchorage, BLM's Alaska State Office said in an Oct. 3 Federal Register notice.

Encana to acquire Athlon Energy in $7.1 billion deal

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion.

National Fuel Gas CEO becomes INGAA’s 2014-15 chairman

National Fuel Gas Co. Chief Executive Officer Ronald J. Tanski was elected as chairman of the Interstate Natural Gas Association of America for a 1-year term during the trade association’s annual board meeting on Oct. 10. He succeeds David J. Devine, president of Kinder Morgan Inc.’s central regional gas pipelines.

MARKET WATCH: Crude oil futures prices continue decline

Crude oil markets continued a downward slide Oct. 9. Analysts with Barclays Research said in an oil market outlook Oct. 10 that prospects for global oil demand growth have weakened as of late. “As global oil demand growth shows signs of fatigue, crude oil suppliers are looking to Asia to absorb the surplus.”

Windy Cove to invest $700 million in US carbon dioxide EOR projects

Blackstone Energy Partners and Blackstone Group affiliates have formed Windy Cove Energy LLC with a commitment to invest as much as $700 million of equity to acquire and develop carbon dioxide enhanced oil recovery assets in the US.

Western Energy Alliance opposes FWS proposals to expand ESA

Plans for the US Fish and Wildlife Service (FWS) to amend the federal Endangered Species Act (ESA) would have significant adverse effects on western states’ economies without delivering a commensurate benefit to endangered species, the Western Energy Alliance (WEA) said in comments about the May 9 proposals.

Cedigaz: Worldwide gas storage capacity up 5%

Worldwide working gas capacity totaled 399 billion cu m (bcm) on Jan. 1, representing 5% growth over the previous year, according to Cedigaz’s latest Worlwide Underground Gas Storage (UGS) database.

MARKET WATCH: NYMEX, Brent oil prices continue slide

Crude oil prices continued dropping on the New York market Oct. 8 after the US Federal Reserve indicated some concern that a strengthening dollar could weigh on the economy.

Mubadala Petroleum appoints chief executive officer

Mubadala Petroleum, Abu Dhabi, has appointed Mussabeh Al Kaabi, currently chief growth officer, as chief executive officer.

 

Ember to acquire Clearwater assets for $605 Million (Can.)

Ember Resources Inc., Calgary, has agreed to acquire the majority of the Clearwater assets in southern and central Alberta belonging to Encana Corp. for $605 million (Can.).

FERC issues final EIS for Cheniere’s Corpus Christi LNG project

The US Federal Energy Regulatory Commission has issued a final environmental impact statement (EIS) for Cheniere Energy Inc.’s proposed Corpus Christi LNG project. It said approval of the proposed project, with mitigation measures the EIS recommends, would ensure impacts in the area would be avoided or minimized, and not be significant.

BLM seeks comments on proposed Wyoming 3D seismic project

The US Bureau of Land Management is seeking public comments on a proposed 3D seismic exploration project in Sweetwater County, Wyo. BLM will prepare an environmental assessment of the proposed project and accept comments to help identify potential issues, concerns, ideas, and alternatives until Oct. 17, its Rawlins field office said.

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