

Thursday, May 16, 2013 - The Panama Canal Authority sees an opportunity with US LNG exports that it did not envision six years ago.
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Most Popular News
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Industry Headlines
Energy Department Approves Freeport Natural-Gas Export Permit
Friday, May 17, 2013 The Obama administration clears the way for broader natural gas exports by approving a $10B facility in Texas, a milestone in the US transition into a major supplier of energy for world markets.
Greenland Minister: Will Issue New Oil Exploration Licenses
Friday, May 17, 2013 Greenland's new government clarifies its stance on allowing more offshore oil exploration.
Myanmar Pipelines on Schedule Despite Attack
Friday, May 17, 2013 A rebel attack on CNCP workers at a compound in Myanmar will not delay the launch of pipelines due to start pumping oil and gas into China later in 2013, according to an official.
Transocean Shareholders Reject Icahn's Dividend Proposal
Friday, May 17, 2013 Transocean shareholders reject a $4 a share dividend proposal by activist investor Carl Icahn but oust long-time company Chairman Michael Talbert.
Oil Futures Follow Broader Markets to One-Week High
Friday, May 17, 2013 Oil futures rise to a one-week high, as broader markets rally on positive US economic data.
Moniz Unanimously Confirmed as Energy Secretary
Thursday, May 16, 2013 The US Senate confirmed Ernest Moniz, a nuclear physicist who has lauded the US natural gas boom, as the next US Energy Secretary.
Revised Hydraulic Fracturing Rule Available for Comment Period
Thursday, May 16, 2013 The Department of Interior seeks comments on the updated rule that would govern hydraulic fracturing on US federal and Indian lands.
Crude-Oil Futures Settle up 86 Cents at $95.16/Barrel
Thursday, May 16, 2013 Crude-oil futures prices settle higher, climbing on hopes for rising demand as the peak summer gasoline demand season approaches.
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Exploration
Rig Released for Nervesa Drill
Friday, May 17, 2013 Sound Oil reports that the rig it will use on its Nervesa asset, onshore Italy, has been released from operations in the Netherlands.
NZ O&G Farms Into Canterbury Basin Permit
Thursday, May 16, 2013 New Zealand Oil & Gas acquires a 50-percent interest in an exploration permit for the Canterbury basin, offshore New Zealand.
Max Petroleum Encounters Hydrocarbons at Zhana Makat Well
Thursday, May 16, 2013 Max Petroleum announces that the ZMA-E6 development well in the Zhana Makat Field has successfully reached total depth, encountering hydrocarbons in Jurassic sandstone reservoirs.
Israel Appears to Have More Natural Gas
Thursday, May 16, 2013 Operators of two large Israeli natural gas fields say that another offshore field under exploration shows promise.
Indonesia Offers Incentives to Invest in New Projects
Wednesday, May 15, 2013 Indonesia is looking to increase investment in new oil and gas projects via incentives.
Vietnam, Russia Sign Production, Exploration Deals
Wednesday, May 15, 2013 Vietnam and Russia have signed deals for three oil and gas projects.
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Production
Statoil Sets Eyes on GOM to Help Increase Production Growth
Friday, May 17, 2013 With a worldwide presence, Statoil has an ambitious goal to boost its production output by 2020 with a large amount of that coming from the United States.
OMV Petrom to Redevelop Oprisenesti Field
Friday, May 17, 2013 Romania?s OMV Petrom plans to invest $116 million this year to redevelop Oprisenesti oil field.
Total Production to Increase 3% PA to 2015
Friday, May 17, 2013 Total Chief Executive confirms a production growth target of 3 percent a year between 2011 and 2015.
ExxonMobil Taps FMC for Julia Equipment
Thursday, May 16, 2013 FMC will supply subsea equipment for deployment to the Julia field in the Gulf of Mexico.
Pertamina Mulls Purchase of Oman O&G Asset
Thursday, May 16, 2013 Indonesia's PT Pertamina is evaluating the acquisition of an oil and gas asset in Oman.
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Finance and Investing
Moller-Maersk Net Profit Falls, Demand to Stay Subdued
Friday, May 17, 2013 Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.
Apache Shareholders Don't Approve Executive Compensation
Thursday, May 16, 2013 Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.
Petrobras Launches Sale of Bonds to Raise $11 Billion
Monday, May 13, 2013 Petrobras begins its enormous 2013 financing campaign with one of the largest bond issues this year.
Apache 1Q Profit Falls 10% Amid Weak Commodity Prices
Thursday, May 09, 2013 Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
QEP Resources Spinoff Files Public IPO Plans
Thursday, May 09, 2013 QEP Resources Inc.'s newly formed master limited partnership has filed for an initial public offering worth up to $400 million.
Petronas to Buy Stakes Offshore Brazil from OGX at $850M
Wednesday, May 08, 2013 Petronas is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets.
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Company Operations
Lekoil Plans to be Pan-African Player
Friday, May 17, 2013 Junior oil company Lekoil raises $49 million on London?s Alternative Investment Market as it seeks to become a pan-African oil and gas player.
Petroceltic to Farm out More of Isarene
Friday, May 17, 2013 Petroceltic says it is closer to farming out a further 18.375-percent interest in its Isarene Permit that contains the Ain Tsila, onshore Algeria.
Transocean Inks New Contracts, Extensions; Sees More Downtime
Thursday, May 16, 2013 Transocean reports downtime for its drilling fleet but inks several new contracts for its rigs.
Salamander Pens PSC for Central Kalimantan Licenses
Thursday, May 16, 2013 Salamander signs Production Sharing Contracts (PSC) for the Northeast Bangkanai and West Bangkanai license areas.
Cal Dive Makes a Big Splash with Pemex Contract
Wednesday, May 15, 2013 Pemex awards Cal Dive with two additional contracts for work in the Bay of Campeche.
PA Resources Welcomes New CEO
Wednesday, May 15, 2013 PA Resources has decided with immediate effect to appoint Board member Philippe R Probst as the company's CEO.
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