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Mexico's Pemex Evacuates Offices after Threat
Wednesday, June 19, 2013 A threat received by Petroleos Mexicanos on Tuesday was a false alarm, it said. It had earlier evacuated its Mexico City headquarters.
Canada Raises Liability for Offshore Atlantic, Arctic Operators
Wednesday, June 19, 2013 Canada raises the absolute liability for oil and gas companies operating offshore eastern Canada to $30B and for Arctic operators to $1B.
Cyprus Aims for LNG Facility Deal with US-Israeli Interests
Wednesday, June 19, 2013 The Cypriot cabinet approves plans to sign for a deal with a US-Israeli partnership to build an LNG plant on the island to exploit untapped energy riches.
COMMENTARY: An Obama-Buffett Connection Could Keep Crude Rolling by Rail
Wednesday, June 19, 2013 There is no doubt that every day Keystone XL is delayed, Berkshire Hathaway - controlled by major Democrat donor Warren Buffett - makes a lot of money.
Crude Oil Slightly Lower After Fed Statement, Inventory Data
Wednesday, June 19, 2013 US crude futures settle slightly lower, as traders weigh the Federal Reserve's latest assessment of the US economy and data on US oil inventories.
Total Buys New Oil Interest in Iraq's Kurdistan
Tuesday, June 18, 2013 Total buys the majority stake in an oil exploration block in Kurdistan, further consolidating its position in the semiautonomous region in northern Iraq.
Total, CNPC to Develop O&G Assets in Tajikistan
Tuesday, June 18, 2013 Total and China National Petroleum Corporation have agreed a deal with Tethys Petroleum to develop oil and gas assets in Tajikistan.
Nymex Crude Settles at Nine-Month High Ahead of Fed Move
Tuesday, June 18, 2013 Crude-oil futures settles at a nine-month high, rallying in anticipation that the Federal Open Market Committee will keep stimulus efforts unchanged.
US Not Immune from Saudi Oil Export Disruption
Tuesday, June 18, 2013 Despite growth in US tight oil production, a disruption of Saudi Arabian oil will still impact the United States.
Some Production Resumes at North Sea Oseberg Oil Field
Tuesday, June 18, 2013 Partial production resumes at the Oseberg oil-field center in the Norwegian North Sea following the activation of a gas alarm.
Survey: Commodity Prices Remain Primary Concern for Upstream
Tuesday, June 18, 2013 Uncertainty regarding natural gas and crude oil prices remains the primary concern of upstream U.S. energy companies for the second consecutive year, according to Grant Thornton LLPís 11th Survey of upstream U.S. energy companies.
Songa Mercur to Depart Cuba for Vietnam
Tuesday, June 18, 2013 Zarubezhneft is ending its current drilling campaign in Cuba after an unsuccessful six-month program.
North Sea's Oseberg Center Shut Down Following Alarm
Monday, June 17, 2013 Oseberg oil-field center in the Norwegian North Sea is closed following an alarm, with no indication as to when production will resume.
Support Vessel Collides into Offshore Platform in GOM
Monday, June 17, 2013 An offshore supply vessel struck an oil platform in the Gulf of Mexico Friday morning before sinking.
Alfa Group to Reinvest Some of TNK-BP's $14B Stake Sale In New Oil Co
Monday, June 17, 2013 Alfa Group, a conglomerate led by Russian billionaire Mikhail Fridman, is to reinvest some proceeds from its stake sale in TNK-BP in a new oil and gas investment company.
Crude-Oil Ends Near Flat as Traders Eye Mideast Risks
Monday, June 17, 2013 US crude-oil futures settle slightly lower, holding close to 4-month highs, as traders gauge whether the involvement of world powers in the Syrian conflict will disrupt oil supplies.
Chesapeake Governance Measures Fail In Vote
Saturday, June 15, 2013 After a year of successfully pushing for sweeping changes at Chesapeake, shareholders failed to adopt corporate governance measures some investors had been demanding for years.
Brazil Court Grants Petrobras Injunction in Tax-Payment Case
Saturday, June 15, 2013 Brazil's second-highest court grants Petrobras an injunction that suspends an outstanding tax bill, ensuring supplies of crude oil and fuels to Latin America's largest economy won't be interrupted.
Oil Jumps to Four-Month High as Concerns Over Syria Escalate
Friday, June 14, 2013 Crude-oil futures settle at a four-month high, lifted by fears that US intervention in Syria will stoke further conflict in the oil-rich Middle East.
Brazil Court Denies Petrobras Injunction in Tax Dispute
Friday, June 14, 2013 Brazil's second-highest court denied a request by state-run oil company Petrobras, for an injunction in a dispute over tax payments for offshore oil-platform leases.
Cuadrilla Received Interest from Several Majors about Shale Asset
Friday, June 14, 2013 Cuadrilla resources received interest from Total, Exxon, Shell and Statoil about its shale asset.
Statoil: Global Oil Demand Will Hit 100 MMbopd by 2040
Friday, June 14, 2013 Statoil's latest "Energy Perspectives" report sees oil demand hitting approximately 100 million barrels per day by 2040, although natural gas will be the "fuel of the future".
Musings: Canadian Oil Forecast Highlights Challenges Facing Industry
Friday, June 14, 2013 This year's CAPP forecast boosts its previous projection of future oil output in 2030 by 500,000 barrels a day.
Two People Killed in Dutch North Sea
Friday, June 14, 2013 Two dead and one injured on a platform operated by GDF Suez in the Dutch North Sea.
US Oil Production Could Hit 10 MMbopd by 2040
Friday, June 14, 2013 US crude oil production could rise to 10 million barrels per day between 2020 and 2040 thanks to the shale oil boom, EIA reports.
Sudan Oil Line Explodes, Army Blames South-backed Rebels
Thursday, June 13, 2013 Sudan's army blames South Sudanese-backed rebels for an explosion and fire in a Sudanese oil pipeline in the disputed Abyei area.
Peru Seeks Investments of at Least $1B in Amazon Oil Auction
Thursday, June 13, 2013 Peru's government aims to attract more than $1 billion in investments in an upcoming public auction of 26 oil concessions in the country's Amazon region, a top government official says.
NASA, Astro Technology Develop Offshore Fiber-Optic Technology
Thursday, June 13, 2013 NASA and Astro Technology develop and deploy a new fiber-optic technology for use in monitoring stress on offshore platforms.
Kidnapped British Worker Freed in Indonesia
Thursday, June 13, 2013 Kidnappers release a UK worker abducted from a Medco Energi well site in Indonesia.
Nymex Crude Rallies to 3-Week High as Equities Climb
Thursday, June 13, 2013 Crude-oil futures settle at a three-week high in a late-session rally, amid a rally in the equity market and encouraging data on the US economy.
Arkansas, US Sue ExxonMobil Over March Pipeline Oil Spill
Thursday, June 13, 2013 Arkansas and federal officials file a lawsuit against ExxonMobil for allegedly violating pollution laws following the March rupture of an oil pipeline in the state.
Centrica Confirms Bowland Shale Deal
Thursday, June 13, 2013 Centrica buys 25-percent stake in Cuadrilla Resourcesí Bowland shale gas license in Lancashire, northern England.
BP Cuts Russia, Turkmenistan Natural Gas Reserves Estimates
Wednesday, June 12, 2013 BP revises down its estimates for proved reserves of natural gas in countries in the former Soviet Union by almost a third, BP Chief Economist Christof Ruehl says.
British Oil Worker Kidnapped in Indonesia
Wednesday, June 12, 2013 Briton working for Medco Exploration and Production is kidnapped in the Aceh province of Indonesia.
Crude Rises as Inventory Data Calms Fears of Increasing Supplies
Wednesday, June 12, 2013 Crude-oil futures edge higher after a weekly government report on US oil inventories calmed trader concerns about rising supplies.
'Open Fuel Standard' Proponents Want More Flexible FFVs
Wednesday, June 12, 2013 Could an open fuel standard be a boon for US natural gas producers?
Ensco Orders New Drillship from Samsung Heavy Industries
Wednesday, June 12, 2013 Ensco places an order for an ultra deepwater drillship from a South Korean shipyard.
South Sudan Prepares to Export Crude
Wednesday, June 12, 2013 South Sudan prepares to sell its first consignment of crude into the international market for nearly two years amid pipeline dispute.
UK Offshore Oil Industry Confidence Remains Modestly Optimistic
Wednesday, June 12, 2013 Trade body Oil & Gas UK says its latest survey shows the UK oil and gas industry is "modestly optimistic" about its prospects.
Petronas Plans to Invest $20B in Canada Gas Project
Tuesday, June 11, 2013 Petronas plans to invest $20B in its LNG project in West Canada, one of the biggest investments aimed at capitalizing on cheap North American gas, a senior company official says.
Nymex Crude Edges Lower on Equities' Drop, OPEC Outlook
Tuesday, June 11, 2013 Nymex crude edges lower as concerns grow over central banks cutting back stimulus measures and a lower OPEC forecast for global oil demand.
ANP: Brazil to Hold First Pre-Salt Oil Auction Oct. 22
Tuesday, June 11, 2013 Brazil will hold its first auction of pre-salt oil and natural gas exploration acreage Oct. 22, a director of the country's National Petroleum Agency says.
Electrical Safety Growing Focus for Oil, Gas Industry
Tuesday, June 11, 2013 The oil and gas industry seeks to address the risks that arc flashes poses to its operations and workers.
EIA: UK Shale Gas Equal to 9 Years of Demand
Tuesday, June 11, 2013 The US Energy Information Administration estimates that the UK has enough potential shale gas resources to meet the country's gas needs for almost a decade.
Western Australia Invites Bids for Oil Licenses
Tuesday, June 11, 2013 Western Australia invites bids for six petroleum exploration leases, including onshore blocks.
UK Government Launches Review of UK North Sea Oil & Gas Industry
Monday, June 10, 2013 The UK government is launching the first review in more than 20 years of the country's offshore oil and gas industry to ensure that the sector maintains momentum at a time of economic stagnation.
EIA: Amount of Technically Recoverable Global Shale Resources Grows
Monday, June 10, 2013 The amount of technically recoverable shale oil and gas resources has grown, according to EIA's recent update of global shale resource estimate.
Sudan Cuts off Deals with South Sudan
Monday, June 10, 2013 Sudan cuts of economic deals with its southern neighbor following the shutting of a pipeline carrying South Sudanese crude for export.
West Africa: Firms Persevere with Pre-Salt Drilling
Monday, June 10, 2013 A couple of disappointments in the pre-salt layer offshore Namibia causes a rethink at Chariot Oil & Gas, but plenty of other firms still see opportunities in West African pre-salt.
Nymex Crude Settles 26 Cents Lower at $95.77
Monday, June 10, 2013 Crude-oil futures settle slightly lower as traders react to weekend data showing sluggish economic growth in China.
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