More Oil & Gas News

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.

MARKET WATCH: NYMEX crude oil prices fall below $91/bbl

Crude oil futures prices on the New York market settled below $91/bbl on Oct. 1 and fell below $90/bbl in early trading on Oct. 2. Meanwhile in London, Brent crude oil prices hovered around $94/bbl.

Reworked LNG export policy should consider longer term, speaker says

The US should consider how a reformed LNG exports policy could help facilitate a longer-term transition to renewable and alternative energy sources, a former US Department of State official suggested.

NGSA forecasts lower winter gas prices on a combined analysis

In its 14th annual Winter Outlook assessment of the natural gas market, the Natural Gas Supply Association (NGSA) expects downward price pressure on the natural gas market compared with last winter.

TC PipeLines to acquire remaining interest in Bison Pipeline

TC PipeLines LP (TCPL) has agreed to acquire the remaining 30% interest in Bison Pipeline LLC from TransCanada Corp. for $215 million.

Lukoil Overseas appoints president

Lukoil Overseas Holding Ltd. has named Sergey Nikiforov as president. He previously served as senior vice-president for development and production.

MARKET WATCH: Crude oil futures dip on reported OPEC output level

Oil prices dropped steeply on the New York and London markets Sept. 30, which analysts largely attributed to a wire service story that the Organization of Petroleum Exporting Countries increased its output levels through higher production from Saudi Arabia and Libya.

FERC gives Dominion approval to build Cove Point LNG export project

The US Federal Energy Regulatory Commission gave Dominion Cove Point LNG LP authorization to build an LNG export facility on the Chesapeake Bay near Lusby, Md., east of Washington, DC.

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.

Oil & Gas UK report calls for greater collaboration offshore

The assurance of long-term future success for the UK’s offshore oil and gas industry will depend largely on greater collaboration among industry and government participants, according to Oil & Gas UK’s Economic Report 2014, released Sept. 30.

Edgo Energy gets two licenses in Tajikistan

Edgo Energy, Amman, has secured licenses to two blocks in Tajikistan near the border with Afghanistan.

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