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Alaska Environmental Officials Investigating Oil Line Leak
Tuesday, March 03, 2015 Investigators are reviewing the cause of an oil production pipeline breach on Alaska's North Slope where upwards of 4,000 gallons (15,100 liters) of fluid spilled, state officials says.
Industrial Radio Cuts through Noise of Digital Oilfield
Tuesday, March 03, 2015 Industrial radio technology can help cut through the noise at oil and gas exploration and production sites as the industry employs more wireless systems.
India Widens Oil Leaks Probe to Defence Ministry; Security Concerns Grow
Tuesday, March 03, 2015 India widens an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands.
Obama Administration Should Abide By 'All of the Above' Approach to Energy
Tuesday, March 03, 2015 IAGC President Ken Wells calls on the Obama Administration to truly commit to an "all of the above" energy policy.
Official: Libyan Forces Hit Oil Ports with Air Strikes, Minor Damage
Tuesday, March 03, 2015 A warplane belonging to forces controlling the Libyan capital Tripoli bombs the oil ports of Ras Lanuf and Es Sidra, causing minor damage.
Brazil Plans New Oil-Rights Auction In The Second Half
Tuesday, March 03, 2015 Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says.
Oil Up As Netanyahu Blasts Iran In Speech; Libyan Forces Fight
Tuesday, March 03, 2015 Oil rebounds as Israeli PM Netanyahu warns the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces target oil terminals in the African nation.
Clock Ticks Toward North Dakota Reaping Up To $5.3B Oil Tax Break
Tuesday, March 03, 2015 The clock is still ticking on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of February's crude price fell below $52.59 per barrel last month.
Petronas to Make FID on Canadian LNG Project by June
Monday, March 02, 2015 Petronas expects to make a final investment decision on an $11 billion liquefied natural gas export terminal in British Columbia by June, after postponing the decision late last year, its chief executive says.
Oil Tumbles on Iran, Libya; Worry about High Supply Returns
Monday, March 02, 2015 Brent futures fall 5 percent, its most in a month, as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.
China Merges Two-Tier Gas Pricing, Introduces More Market Elements
Monday, March 02, 2015 China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and will introduce more market-oriented elements in future pricing of the cleaner burning fuel.
BOEM Offers Details on Lease Sale 246
Monday, March 02, 2015 BOEM will offer more than 21 million acres offshore Texas for oil and gas exploration and development in BOEM's proposed Western Gulf of Mexico Lease Sale 246.
Reality Hits North Dakota's Pricey Apartment Market; Rents Drop
Monday, March 02, 2015 It is getting cheaper to rent an apartment in North Dakota's oil patch.
Islamist Militants Shell Two Libyan Oilfields, Port Pipeline Damaged
Monday, March 02, 2015 Islamist militants shell Libya's Bahi and Mabrouk oilfields, damaging a pipeline to the Es Sidra oil port, a spokesman for forces protecting energy infrastructure said.
Jackup Safety: Q&A with ABS
Monday, March 02, 2015 Rigzone talks to David Forsyth – chief surveyor at the American Bureau of Shipping – about jackup safety.
Russian Tycoon Clashes with Britain Over North Sea Deal
Monday, March 02, 2015 Russian billionaire Mikhail Fridman says he will buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.
Cheap Oil Threatens Debt Squeeze for Smaller UK North Sea Producers
Monday, March 02, 2015 Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves, following last year's oil price sell off.
Baghdad Says Progress Made on Kurdish Oil Export Dispute
Sunday, March 01, 2015 Iraqi and Kurdish authorities make progress to rescue a deal over crude oil exports.
Bells Toll for Europe's Largest Gas Field
Sunday, March 01, 2015 The future of the Groningen gas field in the northern Netherlands is questioned amid earthquakes.
Petrobras Denies Hiring JPMorgan For Subsalt License Sales
Friday, February 27, 2015 Petrobras denies it hired JPMorgan Chase to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.
Mexico OKs 5 Shallow Water Areas In Round One Oil Tender Second Leg
Friday, February 27, 2015 Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.
Atmospheric Water Generation Offers Untapped Water Source
Friday, February 27, 2015 A water technology company is demonstrating for oil and gas companies the potential for atmospheric water generation solutions in meeting water needs.
Chesapeake Energy Sees Asset Writedowns In 1Q-Filing
Friday, February 27, 2015 Chesapeake Energy, in a regulatory filing, expects to write-down the value of its oil and gas properties in the first quarter, citing low oil and gas prices.
Oil Up Sharply, Posts First Monthly Gain Since June
Friday, February 27, 2015 Crude oil rises sharply as Brent and US futures post their first monthly gains since June.
E&P Oil Firms Using Stock Sales To De-Lever
Friday, February 27, 2015 Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.
Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending On Oil Slump
Friday, February 27, 2015 Petronas reports a $2B quarterly loss and says it plans a cut in spending over the next two years due to the slump in global oil prices.
RWE To Complete DEA Disposal Very Soon
Friday, February 27, 2015 RWE says closure of the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman is imminent; media reports completion date as March 1.
Exxon Says Spending To Fall 11% This Year To $34B
Thursday, February 26, 2015 ExxonMobil says spending will decline about 11% this year to around $34 billion due to plunging oil prices, according to a regulatory filing this week.
Oil Retreats As Rising US Inventories Continue To Weigh
Thursday, February 26, 2015 Crude oil futures fall sharply as rising inventories in the US pressure both Brent and US contracts and counter expectations for recovering demand.
WSJ: Oil And Gas Producer Penn Virginia Looking To Sell Itself
Thursday, February 26, 2015 Oil and gas producer Penn Virginia Corp is considering selling itself, the Wall Street Journal reports, citing people familiar with the matter.
SandRidge Energy Cuts 2015 Capex By 56%
Thursday, February 26, 2015 SandRidge sets a capital budget of $700 million for 2015, 56% lower than a year earlier, as the company responds to a slump in crude oil prices.
Top Oil Drillers Face Years Of Pain, Get A Grip On Cost
Thursday, February 26, 2015 The world's biggest offshore drillers reports plunging earnings and orders but manages to get a grip on costs to improve their chances of riding out a sectoral crisis that could last.
Transocean Takes $992M Charge On Drilling Business As Oil Slumps
Thursday, February 26, 2015 Transocean writes down the value of its contract drilling business by $992 million as demand slumps due to lower oil prices.
Venezuela Seeks Annulment of Exxon Award at World Bank Tribunal
Thursday, February 26, 2015 Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides say.
Texas Legislature Gets Down to Business
Thursday, February 26, 2015 Water, transportation and taxes are amongst the key issues the Texas Legislature is set to tackle.
Kemp: Keystone Shows Environmental Review Process Is Broken
Wednesday, February 25, 2015 Keystone has become a symbol of a broken decision-making process that should be overhauled to ensure the US can meet the urgent energy and environmental challenges of the 21st century, analyst John Kemp says.
Huge Oilfields to Boost Kazakhstan's Crude Output from 2017
Wednesday, February 25, 2015 Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation's huge Kashagan oilfield restarts output and the Tengiz project is expanded, a senior energy official says.
Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
Wednesday, February 25, 2015 Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
UK Oil & Gas Authority Issues 'Call to Action'
Wednesday, February 25, 2015 A report from the new Oil & Gas Authority issues a "call to action" to protect and sustain the UK oil and gas industry.
Encana Cuts 2015 Budget After 85% Fall In Operating Profit
Wednesday, February 25, 2015 Encana slashes its 2015 capital budget by a quarter in response to a slump in global crude oil prices.
UK Shale Gas Firm Cuadrilla Hits Further Planning Snag
Wednesday, February 25, 2015 Cuadrilla hits another obstacle to getting the gas out of the ground when a local council refuses it a permit for a site where it wanted to take geological measurements.
Some Asian Drilling Firms Plan to Carve Niches in Current Downturn
Wednesday, February 25, 2015 While the fortunes of petroleum companies tumble in line with lower oil prices, some Asian drilling contractors hope to carve niches in this adverse business climate.
Oil Prices Leave Uneven Impact on Offshore Sector
Tuesday, February 24, 2015 Despite cost reductions dominating news headlines in the petroleum industry, in reality, weak oil prices have an uneven impact on firms operating in the offshore sector.
Israeli Regulator Delays Monopoly Decision On Natural Gas Fields
Tuesday, February 24, 2015 Israel's competition regulator delayes a decision on whether to declare the country's natural gas fields a monopoly for two months to allow time for an agreed solution to be reached.
New Oil Rush? Private Equity Starts To Buy Into Energy Assets
Tuesday, February 24, 2015 A slump in oil prices has spurred activity among private equity investors around the world hoping for their own bumper returns by scooping up assets on the cheap.
Oil Turns Lower On Expectations Of Crude Oil Inventory Rise
Tuesday, February 24, 2015 Crude oil futures fall as expectations that this week's reports will show US crude inventories rise again countered supportive news of Libyan oilfields being shut.
Latest Activity Survey 'Paints Bleak Picture' of UK Oil, Gas Sector
Tuesday, February 24, 2015 Oil & Gas UK's latest Activity Survey report "paints a bleak picture" of the industry on the UK Continental Shelf.
Obama Vetoes Keystone Pipeline Approval Bill
Tuesday, February 24, 2015 President Obama swiftly delivers on his vow to veto a Republican bill approving the Keystone XL oil pipeline from Canada.
Small Oil Spill Occurs at Maari Field Off Taranaki in New Zealand
Tuesday, February 24, 2015 Small oil spill occurs at Maari field off Taranaki in New Zealand, with a local authority not expecting the oil to wash up on the region's beaches.
Uganda Offers Six Petroleum Blocks In First Competitive Licensing Round
Tuesday, February 24, 2015 Uganda is offering 6 petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, the Energy and Mineral Development Ministry says.
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