More Oil & Gas News

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.

Keyera to own interest in new deep-cut gas plant

Keyera Corp., Calgary, will take a 35% stake with Bellatrix Exploration Ltd., Calgary, in a deep-cut natural gas processing plant and related pipelines currently under construction by Bellatrix in the Alder Flats in west-central Alberta.

After scuttling South Stream, Russia plans line to Turkey instead

Russia has decided against the construction of the 930-km South Stream natural gas pipeline across the Black Sea from Russia to Bulgaria, citing delays on the part of the European Union in taking the steps necessary to move forward.

MARKET WATCH: NYMEX crude oil prices rebound

Oil prices rebounded by nearly $3 on the New York market Dec. 1 to settle at $69/bbl after plunging more than $7/bbl in a single trading session last week in reaction to a decision by members of the Organization of Petroleum Exporting Countries to keep their current production quota.

WA government to increase share of Browse basin gas fields

Western Australia’s Parliament has approved legislation to increase the government’s share of the Browse basin natural gas fields following reclassification of state offshore boundaries. The Petroleum Titles (Browse basin) Bill 2014 that ratifies the boundary changes was passed on Nov. 25.

Moody’s: Russian oil-tax change helps exporters

A new adjustment to Russian oil and gas taxation will benefit oil companies that export most of their crude oil and high-grade oil products but hurt domestically focused producers, refiners, and petrochemical manufacturers, says Moody’s Investors Service.

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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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