More Oil & Gas News

Marking milestones

It's said that March comes in like a lion and goes out like a lamb. While that may be the case most years—and most definitely was the case this year, if one considers the weather in Houston alone—this particular March marked a few milestones for the oil and gas industry worth noting here.

White House eyes steps to curb oil, gas methane emissions

The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included regulations to be proposed later this year by the US Bureau of Land Management to curb natural gas flaring on public lands.

FWS lists lesser prairie chicken as threatened species

The US Fish and Wildlife Service listed the lesser prairie chicken as a threatened species. While the Mar. 27 final rule fell short of the endangered status many environmental organizations sought, it also disappointed Midcontinent oil and gas producers and others involved in a five-state environmental impact mitigation effort to make any federal listing unnecessary.

TransAtlantic to acquire concessions in Poland

TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PLC of Dublin and Hutton Energy PLC of London in which TransAtlantic Worldwide would receive 50% interest in nine Polish concessions encompassing 1.9 million gross acres.

MARKET WATCH: Crude oil futures sustain $100/bbl price level

Crude oil futures prices on the New York Mercantile Exchange sustained levels above $100/bbl during trading on Mar. 27 after breaching that threshold earlier in the week. 

Petsec Energy buys block interest in Yemen

Petsec Energy Ltd., Sydney, has made its maiden entry into the Middle East, signing an agreement with fellow Sydney firm AWE Ltd. to acquire a 21.25% participating interest in Block 7 of the Al Barqua permit in Yemen.

Approaches in contrast

Two approaches to climate change contrast instructively in the US. One of them reflects the cost-blind absolutism fast dismantling support for programs aimed at lowering emissions of greenhouse gases.

NGSA asks Congress to pass bills facilitating LNG exports

The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will have broad economic benefits by flowing money back into the US economy and creating American jobs,” NGSA Pres. Skip Horvath said.

IHS: Western sanctions indirectly could hinder Russian oil, gas revenues

Western sanctions imposed against Russian government officials and business executives regarding Russia’s conflict with Ukraine could slow the availability of capital for Russian oil and gas companies trying to launch major new projects, IHS said.

US, European energy leaders to discuss gas diversification measures

Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy reliance on Russian natural gas, US President Barack Obama and two major European Union officials announced on Mar. 26.

EIA: Cushing inventories down 32% over the last 2 months

According to the US Energy Information Administration, crude oil inventories at Cushing, Okla., the primary crude oil storage location in the US, decreased 13 million bbl (-32%) over the last 2 months.

MARKET WATCH: NYMEX oil climbs back above $100/bbl

Crude oil futures on the New York market climbed above $100/bbl for the first time in a week on Mar. 26. The momentum continued in early Mar. 27 trading as two US government agencies issued positive economic indicators that could mean higher oil demand, analysts said.

EPA leads investigation of crude discharge at BP Whiting refinery

The US Environmental Protection Agency took formal charge of investigation and cleanup efforts after an undetermined amount of crude oil spilled into Lake Michigan from BP PLC’s Whiting, Ind., refinery.

EIA: China exceeds US as the largest net petroleum importer

In September 2013, China’s net imports of petroleum and other liquids exceeded those of the US on a monthly basis, making it the world’s largest net importer of crude oil and other liquids, according to the US Energy Information Administration.

EIA: Tight oil production pushes US supply to more than 10% of world’s total

US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information Administration.

Market Connections

IMC Global

Payment Clerk & Office Asst.

IMC is offering a position of Payment Clerk & Office Asst. Earn extra income, Flex. schedule + benefits that takes only little of your time. Re...
Montana Tech

Mechanical Engineering Asst/Assoc Professor

Mechanical Engineering Asst/Assoc Professor; The successful candidates will be responsible to teach undergraduate and graduate Mechanical Engineer...
Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization.

Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization

Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petrol...
idahodepartmentofland

STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
Increas YOUR Foundational Knowledge of Oil & Gas

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Stay Connected