More Oil & Gas News

MARKET WATCH: NYMEX oil futures drop with HSC partially reopened

Crude oil prices fluctuated but ended the New York trading session down modestly Mar. 25 after the US Coast Guard reopened the Houston Ship Channel to limited traffic during daylight hours while cleanup efforts continue on an oil spill off Texas City, Tex.

Total, InterOil close Papua New Guinea deal

InterOil and Total SA have finalized a revised sales and purchase agreement for the Elk-Antelope gas-condensate field in petroleum retention licence 15 (PRL15) in the eastern highlands of Papua New Guinea.

LNG exports’ immediate geopolitical impacts limited, senators told

Direct geopolitical impacts from the US authorizing LNG exports more quickly would be limited, witnesses told a US Senate committee. But global market consequences could be substantial because it would send a definite signal that the country is committed to becoming a major player, which potentially could accelerate changes indirectly, they added.

WoodMac: US tight-oil market ‘too robust to bust’

A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of the ways the North American tight-oil boom could go bust, according to a recent analysis from Wood Mackenzie.

Gorder named Valero chief executive officer

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As part of the transition, the company is changing its name to Escalera Resources Co., also effective Apr. 1.

MOL closes purchase of North Sea assets from Wintershall

MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in the North Sea for $375 million.

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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STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

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