More Oil & Gas News

Woodside enters license offshore Morocco

Woodside Petroleum Ltd. has secured another area offshore Morocco by taking up a reconnaissance license with the country’s national oil company over an ultradeepwater block adjacent to permits it farmed into with Chariot Oil & Gas in July.

EPA proposes tighter ground-level ozone pollution controls

The US Environmental Protection Agency proposed reducing ground-level emissions limits to 65-70 ppb from their current level of 75 ppb. It also will take comments on possibly cutting limits to 60 ppb.

Gazprom, PetroVietnam sign agreement for two fields in Russia

OAO Gazprom and PetroVietnam on Nov. 25 signed a framework agreement for the joint development of two fields in Russia.

 

EIA: US gasoline prices lowest in years heading into Thanksgiving holiday

As of Nov. 24, the average retail regular-grade gasoline price in the US is $2.82/gal, 47¢ lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009, according to the US Energy Information Administration.

MARKET WATCH: Crude oil prices volatile before OPEC meeting

Crude oil prices fell more than $1/bbl on the New York and London markets Nov. 25 while traders waited to see if the Organization of Petroleum Exporting Countries would change production quotas for its members during a Nov. 27 meeting.

BSEE extends platform aviation safety proposal comment period

The US Bureau of Safety and Environmental Enforcement extended the public comment period on its proposed regulations to improve the safety of helideck and aviation fuel operations on fixed offshore facilities until Dec. 24.

Gas agreement seen firming China-Russia energy ties

A Nov. 9 framework agreement for another large gas-supply deal between OAO Gazprom and China National Petroleum Corp. remains far from concluded but “reinforces the notion of a growing relationship between energy-hungry China and energy-export-dependent Russia,” according to analysts at the Center for Strategic & International Studies (CSIS), Washington, DC.

EPA air proposals should recognize progress, API official says

The US Environmental Protection Agency should recognize progress that is continuing before it considers imposing costly new air quality requirements, an American Petroleum Institute official suggested.

Moody’s: E&P spending to dip as crude oil prices slide

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

SEC said to extend Dodd-Frank proposals deadline to October 2015

The US Securities and Exchange Commission reportedly has extended its deadline until October 2015 for proposing new requirements for publicly traded US oil and gas and mining companies to report payments to foreign governments under Section 1504 of the Dodd-Frank financial reporting reform law.

New South Wales legislation extinguishes license applications

Legislation to extinguish 16 petroleum exploration licence applications in New South Wales has been passed by the state parliament.

MARKET WATCH: NYMEX oil prices hovering around $76/bbl

Crude oil futures prices moved narrowly in Nov. 24 trading on both New York and London markets ahead of a Nov. 27 Organization of Petroleum Exporting Countries meeting in Vienna.

Fatal Echo platform explosion occurred during maintenance work

Fieldwood Energy LLC, Houston, reported that the Nov. 20 explosion at its West Delta 105 “E” platform, known as Echo, occurred as employees of Fieldwood-contracted Turnkey Cleaning Services (TCS) were cleaning a heater-treater.

Southcross completes acquisition of Eagle Ford pipeline system

Southcross Energy Partners LP, Dallas, has completed its acquisition of a natural gas gathering system in McMullen County, Tex.

MARKET WATCH: Crude oil futures end week above $76/bbl in New York

The New York Mercantile Exchange January crude oil contract increased 66¢ on Nov. 21, closing at $76.51/bbl. The February 2015 contract increased as well, up 74¢ to $76.59/bbl.

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Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
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