More Oil & Gas News

Magnum Hunter to move headquarters to Dallas

Magnum Hunter Resources Corp. plans to relocate its corporate headquarters from Houston to the Dallas area effective on or about Dec. 31.

MARKET WATCH: Energy futures mixed upon lingering international conflicts

Oil prices fell modestly on the New York market Aug. 6 while heating oil, gasoline, and natural gas futures prices all rose. Analysts expect strong oil demand through Dec. 31, acknowledging lingering concerns about international conflicts and potential oil supply disruptions.

OGUK: Optimism still waning in UK’s offshore oil, gas industry

Optimism in the UK’s offshore oil and gas industry continues to wane, according the second-quarter Oil & Gas UK (OGUK) Business Sentiment Index (BSI), released Aug. 6.

India, Pakistan negotiating gas trade

Exports of natural gas from India to Pakistan are under negotiation, according to the Indian minister of state in the Ministry of Petroleum and Natural Gas.

API: Energy exports boost US economic vitality, diplomatic strength

American energy exports are revitalizing the economy and shifting the balance of power around the world, as shown by the Aug. 6 trade report from the US Department of Commerce, said API Chief Economist John Felmy.

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, geophysical, and engineering studies to determine the potential for unconventional hydrocarbon resources in the Magallanes region in southern Chile.

EPA finalizes GHG permits for Texas olefins complex

The US Environmental Protection Agency has issued a final permit to Formosa Plastics Corp. (FPC) to proceed with the third major expansion of its petrochemical complex in Point Comfort, Tex.

US crude exports seen helping consumers

Ending the US ban on exports of crude oil would hurt refiners now profiting from low feedstock costs but help producers and consumers, says an analyst at the Federal Reserve Bank of Dallas.

MARKET WATCH: Oil futures prices drop despite upside demand potential

Oil prices fell on both New York and London markets Aug. 5, and analysts expected price volatility to continue for months given upside oil demand potential amid ongoing international conflicts and unrest.

AEP units complete Marcellus, Utica acquisitions

Two affiliates of American Energy Partners LP (AEP) have closed on acquisitions of assets totaling $1.75 billion.

Study: Bakken no greater transport risk than other light crudes

The North Dakota Petroleum Council (NDPC) has released the final report on a study it commissioned to examine the characteristics of crude oil produced from the Bakken shale region.

KMEP plans additional expansion to KMCC pipeline

Kinder Morgan Energy Partners LP (KMEP) has entered into a long-term transportation agreement with Republic Midstream Marketing LLC to build an interconnect and other facilities for the Kinder Morgan Crude & Condensate (KMCC) pipeline.

Hickenlooper forms task force to address oil, gas siting questions

Colorado Gov. John W. Hickenlooper (D) announced that he has formed a task force to develop recommendations that would reduce land use conflicts when oil and gas facilities are located near homes, schools, businesses, and recreation areas.

EIA: Marcellus accounts for 40% of US shale gas production

Natural gas production from the Marcellus shale has surpassed 15 bcfd through July and now represents 40% of US shale gas production, making it the largest producing shale gas basin in the country, according to the US Energy Information Administration’s Drilling Productivity Report.

MARKET WATCH: Kansas refinery fire boosts NYMEX oil futures prices

Crude oil futures rebounded somewhat on the New York market Aug. 4 but stayed below $100/bbl following news that a July 29 fire in an isomerization unit at a Coffeyville, Kan., refinery was likely to close the refinery for up to 4 weeks.

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