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NHC: Hurricane Cristobal Seen to Become Extratropical Cyclone Late Friday
Thursday, August 28, 2014 Cristobal, the third hurricane of the 2014 Atlantic season, is expected to become a powerful extratropical cyclone over the north Atlantic.
Doctor Dies of Ebola In Nigeria's Oil Hub Port Harcourt
Thursday, August 28, 2014 A doctor in Nigeria's oil hub of Port Harcourt has died from Ebola after treating a contact of a Liberian-American man who was the first recorded case of the virus in Africa's most populous country.
Brent Falls, US Crude Rises As Global Demand Seen Weak
Thursday, August 28, 2014 Brent crude oil falls and US crude rises as ample global supply and lackluster demand pressure the global benchmark.
New Zealand Pushes Ahead to Grow Upstream Sector, Reap Economic Gains
Thursday, August 28, 2014 New Zealand continues with plans to boost its upstream petroleum sector as it is a potentially important contributor to the local economy.
Kemp: Joint Petroleum Development In The South China Sea
Thursday, August 28, 2014 Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea.
Kemp: Free Cash Flow Says Little About The Future Of Shale
Thursday, August 28, 2014 The independent companies at the forefront of the US shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008.
Iraq To Appeal US Court Decision On Kurdish Oil
Thursday, August 28, 2014 The Iraqi oil ministry says it would challenge a US court decision that stopped US Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas.
Argentina's YPF Reaches Deal With Petronas To Develop Shale Oil
Thursday, August 28, 2014 YPF reaches a deal worth $550 million with Petronas to develop shale oil in the vast Vaca Muerta formation.
Shell Sells Some Nigerian Onshore Oil Fields
Wednesday, August 27, 2014 Shell says it has reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs.
With Romanian Gas, Moldova Seeks Energy Independence From Russia
Wednesday, August 27, 2014 Moldova took a small but symbolic step towards easing its reliance on Russian gas imports when it inaugurated a pipeline that will bring in Romanian gas from next week.
Germany's Energy Transition Dream at Risk of Becoming Nightmare
Wednesday, August 27, 2014 Germany's "Energiewende" (or Energy Transition) dream of pursuing an economy powered by renewables is in danger of turning into a nightmare, says Wintershall exploration and production director.
Musings: Further Proof Of Industry Change Due To Era of Austerity
Wednesday, August 27, 2014 In an Era of Austerity, changes reflect management views of the challenges in dealing with the capital cost/commodity price/investor return trifecta, as they assess business opportunities.
Crude Oil Little-Changed After Oil Inventory Draw, Cushing Build
Wednesday, August 27, 2014 Crude oil futures settle flat after choppy trading, following a report that showed declining US gasoline demand in the world's top oil consumer and a build at the key Cushing storage hub.
Alaska Voters Reject Repeal Of 2013 Petroleum Tax
Wednesday, August 27, 2014 Alaska voters retain a new petroleum production tax system that offers hope of increased investment and jobs but draws criticism as a giveaway to already profitable oil companies.
Chestnut's Plummer: Texas Roads, Infrastructure Need Improving
Wednesday, August 27, 2014 Continued growth in Texas' energy industry requires an investment in the state's infrastructure.
US Energy Boom Better Than Sanctions Against Russia
Wednesday, August 27, 2014 Competition in the form of increased US energy exports is the last thing Russian President Vladimir Putin wants to see, so that's exactly what we should do.
Texas RRC: Proposals to Amend Fracking Regulations Underway
Wednesday, August 27, 2014 The Texas RRC says amendments to rules affecting fracking disposal wells are being considered.
Kemp: East And South China Sea Disputes Need Creative Diplomacy
Tuesday, August 26, 2014 China and the United States appear headed for a damaging confrontation over the extent of China's territorial claims in the South and East China Seas.
Wood Mac: 10B Barrels of Undeveloped Resources on NCS
Tuesday, August 26, 2014 Research firm Wood Mackenzie says there are 10 billion barrels of hydrocarbons on the Norwegian Continental Shelf, of which 60% could be commercialized.
Developer to Lease Ohio Site for Ethane Cracker
Tuesday, August 26, 2014 Slightly larger but still "less than world-scale," $1 billion integrated ethylene/polyethylene project advances.
Aker Solutions CEO: Oil Sector Should Simplify Tenders To Cut Costs
Tuesday, August 26, 2014 The oil industry could cut down costs by simplifying the process of tendering for contracts, Aker Solutions CEO Luid Araujo says.
US Crude Rises On Supportive Data, Brent Slips
Tuesday, August 26, 2014 US crude rises as supportive US economic data overshadowed concerns about slowed growth in other oil consuming economies and ample global oil supplies.
Statoil To Hold Back US Shale Ramp Up
Monday, August 25, 2014 Statoil will only slightly raise its US shale oil and gas output in the near term due to spending curbs, the firm says.
Songa Offshore Sees Improved Norway Rig Market From 2H 2015
Monday, August 25, 2014 Songa Offshore says it expected the Norwegian rig market to improve beginning in the second half of 2015 due to lower supply as it posted an unexpected quarterly net loss.
Saudi Aramco Plans To Invest $40B A Year For The Next Decade
Monday, August 25, 2014 Saudi Aramco plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, CEO Khalid Al-Falih says.
AWI Offers Alternative to Conventional Well Intervention
Monday, August 25, 2014 Alternative Well Intervention officials say its technology addresses the safety issues surrounding conventional hydraulic work over and well intervention solutions.
US Crude Edges Lower In Light Trading On Weak Economic Data
Monday, August 25, 2014 Brent crude oil edges higher while US crude falls in light trading.
Remote, Gas-Rich Islands On Indonesia's South China Sea Frontline
Monday, August 25, 2014 The word "sleepy" could have been invented for Ranai, the largest town in Indonesia's remote and sparsely populated Natuna archipelago.
Wood Mac: Norwegian Incremental Projects Growing in Importance
Monday, August 25, 2014 Wood Mackenzie shows that favorable project economics compared to greenfield developments are driving incremental projects in Norway's upstream sector.
Mexico Launches Special Police Force To Guard Economic Activity
Friday, August 22, 2014 Mexico launches a scaled-back version of a new police force President Enrique Pena Nieto had vowed to create while on the campaign trail to safeguard businesses against rampant organized crime.
CEO: OMV Pulls Staff From Kurdistan, Ponders Crimea
Friday, August 22, 2014 OMV withdraws staff from Iraqi Kurdistan and is also waiting on what happens south of Crimea, where the firm has plans with Exxon.
Wood Mackenzie: Shale to Keep US Dominant Oil, Gas Player
Friday, August 22, 2014 Shale formations are expected to keep the US in a prominent position over the next decade, Wood Mackenzie says at NAPE.
Talisman To Proceed With Kurdistan Sale Despite Big Oil Find
Friday, August 22, 2014 Talisman says it still plans to sell its oil properties in Iraq's Kurdistan region, even after its partner announced a massive oil discovery on its properties.
Kemp: Could Shale Revive China's Flagging Oil Fields?
Friday, August 22, 2014 The need to find and develop more oil reserves is again urgent for China, and hunting for more oil around the Daqing oil fields is one of its most promising options.
UK Oil Output Threatened By Platforms Running Out Of Juice
Friday, August 22, 2014 The UK's oil industry is facing the threat of a cascade of North Sea rig closures.
US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports
Friday, August 22, 2014 The US has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from the US shale boom.
Consultancy: LatAm Attitude Shift Bodes Well for Upstream Investors
Friday, August 22, 2014 Two countries are at the leading edge of a new wave of upstream investment in Latin America, observes Wood Mackenzie.
US Crude Falls, Down For Fifth Week, On Ample Supply
Friday, August 22, 2014 US crude oil futures fall for a fifth straight week of declines while Brent remains under pressure from a stronger dollar and plentiful supplies.
Basis Point: Petrovietnam Seeking $1.8B Loan for Murphy Oil Malaysia Stake
Thursday, August 21, 2014 Petrovietnam is in talks with banks for a seven-year loan of up to $1.8 billion to back its bid to buy a stake in Murphy Oil's Malaysian oil and gas assets, Thomson Reuters publication Basis Point reports, citing sources.
Petroleum Engineers See Highest Increase in Median Average Salary
Thursday, August 21, 2014 Petroleum engineers see the highest increase in median annual salary since 2011, according to a recent report.
North Sea Reserves Debate Heats Up Ahead of Scottish Vote
Thursday, August 21, 2014 Sir Ian Wood disputes Scottish government's North Sea reserves estimates while business group N-56 questions UK Office of Budget Responsibility's oil and gas revenue figures.
Bolivia Says Has Deal To Pay Pan American For 2009 Expropriation
Thursday, August 21, 2014 Pan American Energy agrees to accept less than 30% of the $1.49B it demanded from Bolivia as compensation for the 2009 nationalization of a subsidiary, the Andean nation's state attorney general says.
Orion: Finding Oil, Gas Talent from the Ranks of Military Veterans
Thursday, August 21, 2014 Orion is matching military veterans to career positions in the oil and gas industry.
Maersk to Lay Off Portion of Houston Workforce
Thursday, August 21, 2014 Maersk will lay off some employees in its Houston office, but says its Houston operations will still play a key role in its operations.
Will Widodo Succeed in Reforming Indonesia's Upstream Sector?
Thursday, August 21, 2014 Indonesia's upstream petroleum sector is poised for interesting times as the new president may introduce investment-friendly policies to boost domestic petroleum production.
Crude Oil Recovers On US Economic Data After Early Slide
Thursday, August 21, 2014 US and Brent crude futures rise, lifted by supportive economic data from the US after a plentiful supply picture and Chinese economic data pressured prices earlier.
Lobby Group: Norway's Politics Threatens Oil Competitiveness
Wednesday, August 20, 2014 High taxes and 'political meddling' in oil and gas projects threatens the competitiveness of Norway's offshore energy sector, says the Norwegian Oil and Gas Association.
Hamas Says Fired Rockets At Offshore Israeli Gas Well
Wednesday, August 20, 2014 Hamas says it has fired two rockets at an Israeli gas installation about 19 miles off the coast of Gaza.
Alaska Oil Tax Supporters Fending Off Repeal Efforts
Wednesday, August 20, 2014 Alaska voters look on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP and ExxonMobil.
Acting Libya Oil Minister To Be Replaced By NOC Chairman
Wednesday, August 20, 2014 Libya's acting oil minister Omar Shakmak will resign and be replaced by the chairman of the state oil firm NOC, Mustafa Sanallah.
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