More Oil & Gas News

MARKET WATCH: Oil futures climb on Texas oil spill, Ukraine concerns

Oil prices climbed on the New York market Mar. 24, which analysts attributed to concerns about a temporary closure of the Houston Ship Channel and worries about tensions between Russia and Ukraine.

Financial questions seen for US shale gas, tight-oil plays

Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES).

DOE approves LNG exports to non-FTA countries from Oregon project

The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Oregon’s coast to countries that do not have a free-trade agreement with the US.

Watching Government: Alaska's ANWR reminder

Alaska's state government apparently doesn't want people to forget there's still significant oil and gas potential beneath the Arctic National Wildlife Refuge's coastal plain amid talk of incredible possible domestic supplies in tight shales and deep offshore.

Begich objects to House Democrats' NPR-A comment extension request

US Sen. Mark Begich (D-Alas.) let three US House Democrats know he did not approve of their request for the US Bureau of Land Management to add 30 days to the public comment period for the Greater Mooses Tooth draft supplemental environmental impact statement covering a proposed oil development within the National Petroleum Reserve-Alaska (NPR-A).

EPA lifts post-Macondo contract suspension in agreement with BP

The US Environmental Protection Agency and BP PLC reached an agreement that will effectively end the bar on new federal contracts imposed on the multinational oil company in the wake of the 2010 Macondo deepwater well incident and crude oil spill.

Witnesses disagree on Keystone XL's potential US security impacts

Witnesses at a US Senate Foreign Relations Committee hearing sharply disagreed on whether the proposed Keystone XL crude oil pipeline would help or hinder US security.

Gasoline price games

Let's assume you're a typical American, typically scornful of the oil and gas industry. You don't work for the industry. You don't know much about it. In fact, your only direct contact with the industry occurs when you buy gasoline.

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International news for oil and gas professionals

MARKET WATCH: Front-month crude oil contract closes up, gas down on week

The front-month crude oil contract ended the week higher Mar. 21 while natural gas futures prices edged slightly lower.

HSC remains closed, fuel cleanup continues after barge collision

The Houston Ship Channel (HSC) remained closed to unauthorized vessels Mar. 24 as the result of a temporary emergency safety zone being established and enforced following the Mar. 22 collision between the M/V Summer Wind bulk carrier and the Kirby Barge 27706 in the channel near Texas City, Tex., resulting in the release of about 160,000 gal of bunker fuel oil being transported by the barge, according to statements from the Port of Houston Authority (PHA). The barge had the capacity to transport 924,000 gal of the fuel.

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine liability of companies involved in drilling the ill-fated Macondo deepwater well in 2010.

Industry group welcomes most UK budget moves

Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annual budget speech.

MARKET WATCH: Crude oil, gas futures prices slide entering spring

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect, for $50 million. Depending on future developments, a contingent payment of as much as $35 million is possible, OMV said.

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