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General Interest

  1. Severance tax would backfire, Pennsylvania association leaders warn

    Online Articles

    Wed, 17 Dec 2014

    Enacting a severance tax aimed at Pennsylvania’s unconventional natural gas activity would substantially harm the commonwealth beyond the industry itself, three oil and gas trade association officials warned.

  2. New York state moves to ban hydraulic fracturing

    Online Articles

    Wed, 17 Dec 2014

    High-volume hydraulic fracturing will be banned in the state of New York, Gov. Andrew Cuomo’s administration announced Dec. 17, citing health risks and concerns about possible contamination of air and water. The state has had a temporary moratorium on fracturing in the Marcellus shale for years.

  3. Rumaila to ramp up production 50% by end of decade

    Online Articles

    Wed, 17 Dec 2014

    Capital investment in Rumaila is expected to total $1.7 billion in 2015. The partnership continues to discuss with the Iraqi government plans to redevelop the field following the amendments to the technical service contract. This will include drilling hundreds

  4. Cooper to buy 50% of offshore Gippsland Sole gas field

    Online Articles

    Wed, 17 Dec 2014

    Cooper Energy Ltd., Adelaide, has bought a 50% interest in the offshore Gippsland Sole dry gas field in retention lease Vic/RL3 as well as 50% of the Orbost onshore gas plant in eastern Victoria from Santos Ltd.

  5. ExxonMobil lets contract for Antwerp refinery

    Online Articles

    Wed, 17 Dec 2014

    disclose the value of the lump-sum contract, the service company said it did book the project into its backlog earlier in 2014 ..... 1 billion in to install the delayed coker as part of the company ’s long-term strategy to help the Antwerp refinery better

  6. MARKET WATCH: Oil prices held steady on NYMEX awaiting crude inventory

    Online Articles

    Wed, 17 Dec 2014

    Oil prices held fairly steady on the New York market in Dec. 16 trading while Brent crude oil prices fell by more than $1/bbl on the London market. The average price for the Organization of Petroleum Exporting Countries basket of 12 crudes dipped under $56/bbl.

  7. BPC report examines 40 possible options to reform RFS

    Online Articles

    Tue, 16 Dec 2014

    in an effort to move discussion of the controversial program beyond simply preserving or scrapping it. “We found a lot of people were laying out lists of problems, and wanted to start discussing possible solutions,” BPC Senior Policy Analyst Scott McKee

  8. Turkish refinery secures Canadian financing

    Online Articles

    Tue, 16 Dec 2014

    capital expansion plans in Eurasia, EDC said it expects strong growth in Canadian procurement from the Azerbaijani-owned oil company over the 15-year term of the loan. EDC’s announcement follows the signing of loan agreements by SOCAR Turkey Energy

  9. Encana to focus spending on four core shale assets in 2015

    Online Articles

    Tue, 16 Dec 2014

    total directed towards four of what the company is calling its “highest margin growth ..... president and chief executive officer. The company estimates it will increase its total liquids ..... long-term strategic goals.” The company ’s 2015 capital program is based on

  10. Cenovus trims budget, slows oil sands work

    Online Articles

    Tue, 16 Dec 2014

    thermal oil sands projects in Alberta. The company has budgeted capital spending for 2015 ..... projects in progress at its refineries. The company will use “discretionary capital” of $400 ..... the year with internal cash flow,” a company statement said. The company will review

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