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Crude-Oil Futures Settle 3 Cents Lower at $94.25/Barrel
Thursday, May 23, 2013 Crude-oil futures prices slash early losses and rebound with equities prices to settle just three cents lower at $94.25 a barrel.
Brazil's ANP: Libra Holds 8-12B Barrels of Recoverable Oil
Thursday, May 23, 2013 Brazil will sell a prospect estimated to hold between 8 to 12 billion barrels of recoverable crude oil at its first-ever pre-salt auction in October, ANP says.
Brazil to Hold First Pre-Salt Oil Exploration Auction in October
Thursday, May 23, 2013 Brazil will hold its first auction of pre-salt oil exploration acreage under the country's new production-sharing regime in October, one month earlier than expected.
Occidental CEO Discussed Potential Sale of Overseas Assets, Spinoff
Thursday, May 23, 2013 Occidental may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its share price, Chief Executive Steve Chazen tells investors.
Marathon Oil: Talks to Sell Alberta Oil Sands Stake Fall Through
Thursday, May 23, 2013 Marathon Oil says discussions to sell its 20% outside-operated stake in the Athabasca Oil Sands Project in Alberta were unsuccessful and talks with a prospective buyer have been terminated.
Virginia Senators Seek to Expand Offshore Energy Leasing
Thursday, May 23, 2013 Virginia Senators Mark Warner and Tim Kaine introduce legislation that would open up acreage offshore Virginia for energy leasing.
Brazil's OSX Cuts Workforce Amid Broader Reorganization
Wednesday, May 22, 2013 OSX Brasil has laid off more than 300 employees as part of a broader reorganization plan to reduce spending and focus on hard orders.
Qatar Petroleum Takes 15% Stake in Total E&P Congo
Wednesday, May 22, 2013 Qatar Petroleum International and Total sign a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company.
Oil Drops as Gasoline Stocks Rise, Fed Weighs Winding Down of Stimulus
Wednesday, May 22, 2013 Crude futures drop 2% on a government report showing rising fuel supplies and signs that the Federal Reserve may be closer to winding down stimulus efforts.
BP's Investment in Iraq to Reach $5B by 2016
Wednesday, May 22, 2013 BP plans to increase the production capacity at the Rumaila oilfield by 750,000 barrels per day and aims to increase its spending in the country to $5 billion a year, a senior exec. says.
UK Shale Gas Industry Could Support 74,000 Jobs
Wednesday, May 22, 2013 Institute of Directors' report claims investment in the UK shale gas industry could peak at $5.6 billion a year and support 74,000 jobs.
Sudan Accused of Blocking Oil Exports
Wednesday, May 22, 2013 South Sudan has accused its neighbor Sudan of blocking oil flow from its Unity state.
New US Energy Secretary Promises Review of Natural Gas Export Studies
Tuesday, May 21, 2013 Ernest Moniz promises a review of the government's existing studies of nat gas exports, raising the possibility that the US might re-do the analysis that has underpinned previous permit approvals.
Five US States Help Boost US Oil Production
Tuesday, May 21, 2013 Five US states besides Texas and North Dakota make a significant contribution to the growth in US oil production.
Chesapeake to Aid Tornado Relief Efforts in Oklahoma
Tuesday, May 21, 2013 Chesapeake announces it will make a cash donation of $1M to the American Red Cross to be used in the rescue and recovery efforts to aid the victims of the devastating tornadoes that hit Moore, Oklahoma.
ConocoPhillips Contributes to Oklahoma Relief Efforts
Tuesday, May 21, 2013 ConocoPhillips announces a contribution to the American Red Cross to support relief efforts following the recent tornadoes in Oklahoma.
US Judge Dismisses Obstruction Charge Against Former BP Executive
Tuesday, May 21, 2013 A federal judge has dismissed a criminal charge against a former BP executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.
Shell CEO: No Adverse Findings by EU Probe
Tuesday, May 21, 2013 Shell CEO says that the EU probe into oil price manipulation has made no adverse findings against the company.
Texas Sues Companies Connected to Macondo Oil Spill
Tuesday, May 21, 2013 The state has accused companies involved with the oil spill of violating environmental laws and is seeking damages for lost revenue.
Nymex Crude Falls After Four-Session Rally
Tuesday, May 21, 2013 US crude futures fall, snapping a four-session rally as investors pause ahead of weekly oil-inventory data and testimony from Ben Bernanke.
Pertamina CEO Most Likely to Head Indonesia Investment Body
Monday, May 20, 2013 PT Pertamina's Chief Executive is front runner to head Indonesia's Coordinating Board for Investment, according to sources.
Crude-Oil Futures Climb to Seven-Week High
Monday, May 20, 2013 Oil futures climb to a seven-week high amid optimism over the US economic recovery and the prospect of rising crude demand this summer.
Could Philadelphia Become 'Cushing East'?
Monday, May 20, 2013 A crude-by-rail terminal under development near Philadelphia could become an East Coast oil trading hub.
Chesapeake Picks Anadarko Executive Lawler as CEO
Monday, May 20, 2013 Chesapeake plucks a 46-year-old executive from a rival oil-and-gas company to succeed Aubrey McClendon as chief executive of the nation's second-largest natural-gas producer.
New York Landowners Sue Norse Energy USA Over Leases
Monday, May 20, 2013 Eighty-nine New York landowners who once agreed to let Norse Energy drill for natural gas on their property have filed a lawsuit against the struggling company.
Energy Chief Oettinger: EU to Review Fracking This Year
Monday, May 20, 2013 The European Union will review hydraulic fracturing and the environmental concerns surrounding the practice this year, EU Energy Commissioner Guenther Oettinger says.
Japan Pledges $2 Billion for African Projects
Sunday, May 19, 2013 Japan is pledging $2 billion for energy and mineral projects in Africa as it seeks to catch up with years of Chinese investment.
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.
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.
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.
Smart HR Management Key to Weathering Resources' Sector-Perfect Storm
Friday, May 17, 2013 Successful recruitment and staff retention has become more vital to the success to resources sector operators than ever before, the recent HR Leaders Resources Summit on the Gold Coast was told.
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.
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.
Chevron, YPF Sees Argentina as Possible Shale-Oil Pioneer
Thursday, May 16, 2013 Just as US companies have revolutionized the global shale-gas industry, businesses working in Argentina have the opportunity to set new standards in shale-oil production, according to YPF and Chevron.
Petrobras BP, Among Winners in Brazil's 11th Bidding Round
Thursday, May 16, 2013 Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation's 11th bidding round, the first since December 2008.
Hess, Elliott Management Reach Agreement to End Proxy Contest
Thursday, May 16, 2013 Hess settles a months-long proxy fight hours before a shareholder vote, agreeing to name three directors backed by dissident hedge fund Elliott Management Corp.
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.
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.
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.
AmericaCNG to Roll Out Solution to Associated Gas Production
Wednesday, May 15, 2013 AmericaCNG will begin rolling out in September mobile plants that will allow producers to monetize their natural gas liquids and convert methane production to LNG or CNG.
Allegations of Oil-Price Fixing Deeply Worrying UK
Wednesday, May 15, 2013 Allegations of oil-price manipulation by large firms in the energy sector are "extremely concerning," UK Prime Minister David Cameron's spokesman says.
Crude-Oil Futures Edge Higher After Inventory Report
Wednesday, May 15, 2013 Crude-oil futures end a turbulent session little changed, after a report shows an unexpected drop in US oil stockpiles but also points to sliding gasoline demand.
Baghdad Blasts Turkey/Kurdistan Deal
Wednesday, May 15, 2013 Iraq's government criticizes a deal between Turkey and the Kurdistan region of Iraq to develop oil projects.
Washington Must Find a Way to Say 'Yes' to Offshore Exploration
Wednesday, May 15, 2013 Policy makers in Washington should know that finding ways to expanded production on the OCS does not mean they are shirking their responsibilities to provide oversight.
YPF, Chevron Move Closer to $1.5B Shale Oil Deal
Wednesday, May 15, 2013 YPF and Chevron move closer to finalizing an agreement that would see the US energy company invest $1.5 billion to develop shale oil deposits in the South American country.
USGS: New Insight on GOM Gas Hydrates
Tuesday, May 14, 2013 Scientists return from a 15‑day research expedition in the northern Gulf of Mexico with high-resolution seismic data and imagery of sediments with high gas hydrate saturations.
Kuwait: The Transformation Game
Tuesday, May 14, 2013 Increased local consumption is pushing Kuwait to tap the development of difficult and unconventional resources.
Iraq Oil Exports Suspended after Attack
Tuesday, May 14, 2013 Exports of oil from northern Iraq are suspended after a bomb attack against a key pipeline.
ANP Says China's CNOOC Pulls Out of Brazil Oil-Concession Auction
Tuesday, May 14, 2013 CNOOC pulls out of an auction of oil and natural gas exploration concessions in Brazil, the country's ANP says.
Job Market Particularly Strong for Deepwater Pros
Tuesday, May 14, 2013 A recruiter tells Rigzone that an uptick in deepwater activity has contributed to a marked increase in demand for riser, drilling and completion engineers worldwide.
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