More Oil & Gas News

AER strengthens air quality requirements for Peace River operators

Addressing emissions and odors, Alberta Energy Regulator says it has strengthened requirements to capture casing and tank top gas from heavy oil and bitumen operations in the Peace River region.

BlackPearl files OSCA application for Blackrod SAGD

Alberta Energy Regulator reports that BlackPearl Resources Inc., Calgary, has filed an Oil Sands Conservation Act application for the Blackrod commercial steam-assisted gravity drainage project.

MARKET WATCH: NYMEX, Brent oil prices continue slump

Oil prices slid on the New York market Aug. 18 while oil prices on the London market slumped to the lowest level since June 25, 2013, after Iraqi and Kurdish forces recaptured a dam from Islamic insurgents, reducing concerns about any immediate disruption to Iraqi oil production.

Watching Government: Regulatory mischief potential

The two American Petroleum Institute officials had discussed concerns they had about possible new restrictions emerging at the US Environmental Protection Agency while Congress was in its August recess.

House approves bill to reform the Endangered Species Act

The US House of Representatives passed a bill that would reform the Endangered Species Act for the first time in 26 years.

API urges EPA to expedite 2014 RFS requirements

The American Petroleum Institute once again has called on the US Environmental Protection Agency to transcend its pattern of missing self-pronounced deadlines and to finalize requirements under the federal 2014 Renewable Fuels Standard (RFS) as soon as possible.

Financing activism

Although oil and gas producers have been fracturing wells for decades, the completion routine now is the target of uncompromising environmental opposition claiming it threatens underground sources of drinking water.

CSB releases incident report for Tesoro’s Martinez refinery

Loose pipe fittings are to blame for a sulfuric acid release that seriously injured two workers in early February at the alkylation unit of Tesoro Corp.’s 161,000-b/d Golden Eagle refinery near Martinez, Calif., according to an Aug. 15 report released by the US Chemical Safety Board (CSB).

EIA: China to increase natural gas consumption, investment

China more than tripled natural gas production since 2003, producing 3.8 tcf in 2012, and the government is targeting production to reach about 5.5 tcf/year of gas by the end of 2015, according to a recent analysis from the US Energy Information Administration.

MARKET WATCH: Crude oil futures price closes week higher

The New York Mercantile Exchange September crude oil contract closed the week ended Aug. 15 higher, climbing $1.77 to close at $97.35/bbl. The October contract also gained, rising $1.24 to $95.32/bbl.

Mexico accelerates energy reform efforts

Mexico’s Petroleos Mexicanos (Pemex) faces the task of determining areas where it wants to bring in partners under the sweeping energy reform that President Enrique Pena Nieto signed into law to open Mexico’s oil and gas exploration and production to private and foreign companies for the first time since 1938.

DOE finalizes LNG export national interest review reforms

The US Department of Energy finalized reforms it proposed on May 29 to its process for determining whether planned LNG export projects are in the national interest.

MARKET WATCH: Crude oil futures prices fall amid ‘slowing’ global demand

Futures prices for West Texas Intermediate crude fell again Aug. 14, heading for the fourth weekly decline in a row, noted analysts with Raymond James & Associates Inc. WTI crude prices fell, RJA analysts said, “amid a growing market sense that supply is expanding as global demand slows.”

EPA extends comment period for proposed refinery regulations

The US Environmental Protection Agency has extended the public comment period by 60 days for its proposed rule that would force petroleum refiners to implement additional controls on toxic air emissions from their refineries.

Shell reshuffles US shale assets in two major deals

Royal Dutch Shell PLC has agreed to two separate transactions in which it will exit its Pinedale and Haynesville onshore gas assets in exchange for $2.1 billion in cash and acreage in the Marcellus and Utica shale regions.

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