More Oil & Gas News

ExxonMobil, Linn to make second asset exchange this year

ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in exchange for 17,800 net acres encompassing the Permian basin in Texas and Delaware basin in New Mexico.

Industry groups mixed as EPA releases 2013 GHG emissions inventory

Greenhouse gas emissions from more than 8,000 large US industrial sources totaled 3.18 billion tonnes of carbon dioxide equivalent in 2013, about half of total domestic GHG emissions, the US Environmental Protection Agency said in its fourth annual GHG inventory.

US crude exports aren't simply a 'yes-no' issue, law firm forum told

The question of whether the US should remove restrictions on crude oil exports is so complex that it has moved beyond a simple "yes-no" issue, speakers agreed during a Sept. 23 discussion hosted by Washington law firm Arent Fox LLP.

IHS: Unconventional supply chain industries support growing number of jobs, revenues

A diverse group of industries supporting unconventional oil and gas producers has reaped a large portion of the economic rewards from development of these previously untapped resources, highlights an IHS study released Sept. 23.

BLM to offer 270 tracts in NPR-A lease sale

The US Bureau of Land Management will offer oil and gas leases within the National Petroleum Reserve-Alaska (NPR-A) at a sale on Nov. 19 in Anchorage, BLM’s Alaska State Office said in an Oct. 3 Federal Register notice.

FourPoint, EnerVest to purchase western Anadarko basin assets for $1.95 billion

A joint venture of Denver-based startup FourPoint Energy LLC and privately held institutional affiliates of EnerVest Ltd., Houston, has agreed to acquire all of the oil and gas properties and related midstream assets in the western Anadarko basin belonging to Linn Energy LLC, Houston, for $1.95 billion, of which $975 million is net to FourPoint.

EIA: US industrial gas demand to rise 4% in 2015

Relatively low prices of natural gas have contributed to steady increases in US industrial gas consumption since 2009, especially as a feedstock for chemical production.

MARKET WATCH: Crude oil futures price up to just above $91/bbl

The New York Mercantile Exchange November crude oil contract gained 28¢ on Oct. 2, closing at $91.01/bbl, while the December contract increased 14¢ to $89.88/bbl.

MEG Energy files OSCA application with AER for Surmont oil sands project

MEG Energy Corp., Calgary, has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Surmont steam-assisted gravity drainage (SAGD) project.

US, UAE energy agreement to focus on five areas

A memorandum of understanding signed by the US and the United Arab Emirates will focus on five areas: energy policy formulation, energy efficiency, the energy-water nexus, carbon capture and storage, and unconventional oil and gas development.

Keyera makes executive appointments

Keyera Corp., Calgary, has appointed David Smith, currently president and chief operating officer, to the position of president and chief executive officer. He will also join the company’s board.

US should reexamine Jones Act, Tesoro’s CEO recommends

Tesoro Corp. Chief Executive Officer Gregory J. Goff called for a review of the Jones Act, a federal law dating from the 1920s that requires US-produced goods moving between US ports to do so aboard US-flagged vessels.

GeoPark enters Peru with Morona block acquisition

GeoPark Ltd. has executed a joint investment agreement and joint operating agreement with state-owned Petroleos del Peru SA (Petroperu) to acquire 75% interest in and operate the 1.9-million-acre Morona block of northern Peru. The deal is expected to close first-quarter 2015.

GWPC report examines changes in states’ water protection rules

Regulatory agencies in 27 US states that produce 98% of the nation’s oil and gas have significantly increased exploration and production oversight and rules, the Ground Water Protection Council said in a recent report.

Pertamina appoints Husen interim president director

PT Pertamina has appointed Muhamad Husen interim president director, effective Oct. 1.

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