More Oil & Gas News

API: Producers reducing methane emissions already

US oil and gas producers are reducing wellhead methane emissions already and don’t need ill-conceived, overly prescriptive federal regulations, American Petroleum Institute officials said.

Lundin Norway appoints managing director

Swedish independent Lundin Petroleum AB reported that Kristin Faerovik has been named managing director of Lundin Norway AS in April 2015. Faerovik will succeed Torstein Sanness, who will retire from that position and assume the role of chairman of Lundin Norway.

House passes defense bill with BLM drilling permit program provision

The US House of Representatives approved a fiscal 2015 defense appropriations bill that includes a provision to extend and make permanent an onshore drilling permit processing pilot program in several US Bureau of Land Management field offices.

MARKET WATCH: News of ample supply again force down crude prices

Crude prices were down again Dec. 4 on news of abundant supply.

Renewed dilbit investigation faces similar hurdles of past debate

A National Research Council committee opened a second investigation of potential environmental consequences from diluted bitumen (dilbit) spills from pipelines. It quickly became apparent that this committee would encounter similar problems balancing the need to keep the inquiry manageable while addressing a sufficiently wide range of questions.

UK outlines more oil and gas incentives

The UK government will enact incentives for oil and gas development beyond what Chancellor George Osborne announced in a fiscal speech to Parliament on Dec. 3.

Fire hits ORPIC’s Muscat refinery

A fire that hit Oman Oil Refineries & Petroleum Industries Co.’s (ORPIC) 106,000-b/d Mina Al Fahal refinery near Muscat, Oman, on Dec. 4 has been contained, the company said.

MARKET WATCH: NYMEX crude oil prices rise slightly on inventory drop

Oil prices rose modestly on the New York market Dec. 3 after a weekly US petroleum inventory showed crude inventories fell by a surprising 3.7 million bbl, which analysts attributed to higher refinery processing rates.

Hager to succeed Richels as Devon president, chief executive officer

Dave Hager, chief operating officer of Oklahoma City independent Devon Energy Corp., has been selected to succeed John Richels, current president and chief executive officer, following Richels’ retirement on July 31, 2015.

UK government trims tax rate on oil, gas

The UK government has responded to calls for tax relief from the oil and gas industry by trimming the “supplemental charge” applicable to most production.

Southwestern continues Marcellus expansion

Southwestern Energy Co., Houston, has signed an agreement to purchase oil and gas assets, including 46,700 net acres, in northeast Pennsylvania from WPX Energy Inc., Tulsa, for $300 million.

MARKET WATCH: NYMEX, Brent crude oil prices fall on jittery markets

Oil prices dropped more than $2/bbl on jittery New York and London markets Dec. 2 as analysts awaited the weekly US crude oil inventory report and any indicators of potential changes in ample world oil supplies.

Falling prices may pose new test for China oil policies, speakers say

China, which successfully revised its oil strategy in response to new technologies since 2008, could face fresh tests if prices stay low for a prolonged period, speakers at a Carnegie Endowment for International Peace forum suggested.

Proposed rail tank car rule could cost economy billions, report says

The US Pipeline & Hazardous Materials Administration’s proposed rail tank car rule could cost the US economy as much as $60 billion, a report commissioned by the Railway Supply Institute found.

Outgoing Maryland governor moving ahead on fracing regulations

Maryland Gov. Martin O’Malley plans to propose regulations that would allow hydraulic fracturing in western Maryland provided that natural gas companies adhere to certain restrictions to limit the risks of water contamination and air pollution.

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NOW HIRING: Director of Technical Services

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Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
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