More Oil & Gas News

USGS: More data needed to grasp fracing’s water-quality risks

More data and research will be necessary to better understand potential water-quality risks associated with US unconventional oil and gas resource development, a recent US Geological Survey study concluded.

Afren reaches recapitalization agreement

Afren PLC, London, has reached a recapitalization agreement with creditors that its interim managers say would, if approved by shareholders, preclude sale of the beleaguered company.

MARKET WATCH: NYMEX crude oil drops again on storage concerns

Crude oil futures prices for April delivery on the New York market fell by more than $1/bbl to settle Mar. 12 at their lowest level since late January, which analysts blamed on lingering concerns about ample oil supplies and suggestions by some market observers that storage capacity could fill in April.

Perpetual Energy to sell West Edson for Tourmaline stock

Perpetual Energy Inc., Calgary, has signed a definitive agreement to sell its joint interest share of West Edson in west-central Alberta to Tourmaline Oil Corp. for Tourmaline stock currently valued at $256.5 million.

Prosper files OSCA application for Rigel oil sands project

Prosper Petroleum Ltd., Calgary, has filed an Oil Sands Conservation Act application with Alberta Energy Regulator for the Rigel oil sands project.

ExxonMobil resumes drilling from Point Thomson near ANWR

Following years of legal wrangling, ExxonMobil Corp. has resumed drilling in the high-pressure Point Thomson gas-condensate field on Alaska’s North Slope near the Arctic National Wildlife Refuge (ANWR).

Supporters, as well as critics, call for RFS reforms

Calls to reform the federal Renewable Fuels Standard increased as critics and supporters alike said it is not working as it was intended. Its corn ethanol mandates need to be repealed, officials from the American Petroleum Institute, Environmental Working Group, and antihunger group ActionAid USA jointly said at a Mar. 11 press event.

US rig plunge seen hastening recovery

The plunge in US drilling should help the oil market recover faster than had been expected, says an Oppenheimer analyst.

MARKET WATCH: NYMEX crude oil hovers around $48/bbl on higher inventory

Crude oil prices fell slightly on the New York market to settle just above $48/bbl Mar. 11 after a weekly government report showed US oil inventories climbed again to remain at record levels.

Oil Climate Index measures 30 global crudes’ environmental impacts

Researchers at the Carnegie Endowment for International Peace, Stanford University, and the University of Calgary unveiled the first Oil Climate Index to compare various crude oils’ environmental impacts from the wellhead to the consumer.

MARKET WATCH: NYMEX crude oil drops back below $49/bbl

Crude oil futures retreated Mar. 10, settling below $49/bbl on the New York market as traders awaited the weekly government oil and product inventory report, and also on a strengthening dollar, analysts said.

Low crude prices alter challenges in sub-Saharan Africa, speakers say

Significantly lower crude oil prices have reduced foreign companies’ interest in developing oil and gas resources in sub-Saharan Africa nations, speakers at a Woodrow Wilson Center for International Studies seminar agreed. Lower prices also could give governments some time to develop better frameworks so economic and social benefits reach their countries’ general populations, they added.

Cairn Energy disputing Indian tax claim

Cairn Energy PLC, Edinburgh, is disputing a tax claim by the Indian government for $1.6 billion related to the 2006 reorganization of its former Indian subsidiary.

EIA: Monthly average Brent price up for first time in 8 months

North Sea Brent crude oil prices averaged $58/bbl in February—up $10/bbl from the January average—representing the first monthly average price increase since June 2014, according to the US Energy Information Administration’s latest Short-Term Energy Outlook (STEO).

Tap Oil awarded two blocks on North West Shelf

Tap Oil Ltd. has been awarded 100% interest in Blocks W14-7 and W14-16 in the prospective Barrow and Dampier sub-basins on the North West Shelf as part of Australia’s 2014 Offshore Petroleum Exploration Acreage Release.

Market Connections

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...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
Kuwait Institute for Scientific Research Now hiring

Now Hiring

NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
Transocean

Are You Ready to Unlock Your Potential?

WE UNLOCK POTENTIAL. Our mission is to unlock the world’s natural resources from the deepest parts of the ocean. We know it takes a team of driven,...
Stay Connected