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Northeast Australia gas line link contemplated

The Northern Territory government has put its weight behind a proposal to build an Alice Springs-to-Moomba natural gas pipeline. This would link the Northern Territory fields with the Moomba hub in South Australia that already has connections to Queensland, New South Wales, and (indirectly) Victoria.

Skea to be president of Energy Institute

Jim Skea, professor of sustainable energy at the Centre for Environmental Policy, Imperial College, is president-elect of the Energy Institute, London. He will be nominated for appointment to the position at the group’s annual general meeting in June 2015.

Gazprom, CNPC sign technical agreement on cross-border section

OAO Gazprom and China National Petroleum Corp. have signed a technical agreement for the cross-border section Power of Siberia natural gas trunkline.

MARKET WATCH: NYMEX, Brent crude oil prices down again

Crude oil prices settled lower on the New York market and in London Oct. 13 while dropping yet again in early Oct. 14 trading after the International Energy Agency reduced its forecast for global oil-demand growth for 2014.

CNPC, Rosneft advance Tianjin refinery project

China National Petroleum Corp. (CNPC) and OAO Rosneft have signed an agreement for the extension of strategic cooperation on the Tianjin joint venture refinery project in northern China.

BlueGreen Alliance calls for strong US methane reduction strategy

The BlueGreen Alliance, a coalition of 10 national labor unions and 5 environmental organizations, urged the Obama administration to adopt a strong methane reduction strategy with the US oil and gas industry as a major component.

Petronas purchases share in Shah Deniz for $2.2 billion

Malaysia’s Petronas has purchased a 15.5% share in the Shah Deniz production-sharing agreement in Azerbaijan from Statoil ASA.

MARKET WATCH: November crude prices buck trend, end week up slightly

The New York Mercantile Exchange November crude oil contract gained 5¢ on Oct. 10, closing at $85.82/bbl. The December contract, meanwhile, dropped $1.48 to settle at $85.11/bbl.

OGJ Newsletter

International news for oil and gas professionals

Oil, rail groups comment on DOT's proposed crude-by-rail regulations

Proposed federal crude-by-rail regulations should focus more on accident prevention and mitigation than tank-car redesigns and retrofits, two major oil industry trade associations separately said in comments submitted to the US Department of Transportation on Sept. 30.

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.

Groups ask Obama to impose methane emissions limits

Leaders of 16 national environmental organizations have asked US President Barack Obama to impose methane emissions limits on the US oil and gas industry.

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.

Encana to acquire Athlon Energy in $7.1 billion deal

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion.

National Fuel Gas CEO becomes INGAA’s 2014-15 chairman

National Fuel Gas Co. Chief Executive Officer Ronald J. Tanski was elected as chairman of the Interstate Natural Gas Association of America for a 1-year term during the trade association’s annual board meeting on Oct. 10. He succeeds David J. Devine, president of Kinder Morgan Inc.’s central regional gas pipelines.

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