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Exxon: Rising Living Standards Propel Energy Needs
Thursday, December 12, 2013 By 2040, ExxonMobil says, 65% of the world's recoverable crude oil will still be in the ground.
Small, Mid-Scale LNG Developments May Be A Better Fit for Southeast Asia
Wednesday, December 11, 2013 Southeast Asia's escalating gas demand may be better met by developing small and mid-scale LNG projects rather than costly large-scale developments.
Brent Crude Rises, US Crude Falls As Spread Widens
Wednesday, December 11, 2013 Brent oil rises on supply concerns as traders remain skeptical that Libyan oil exports will resume while US crude falls after government data.
Chevron Sets 2014 Budget At $39.8B
Wednesday, December 11, 2013 Chevron plans to spend $39.8 billion on projects and exploration in 2014, about 5 percent below the expected 2013 spending.
New Obama Adviser Will Not Work On Keystone XL
Wednesday, December 11, 2013 A new senior adviser to President Barack Obama will recuse himself from deliberations on the Keystone XL oil pipeline, the White House says.
Mexican Senate Approves Oil Reform
Wednesday, December 11, 2013 Mexico's Senate approves the most dramatic oil reform in decades, moving the country closer to opening its beleaguered, state-run sector to private companies and investment.
Libya's Oil Security Force Expects Eastern Ports to Reopen Sunday
Wednesday, December 11, 2013 Libya's oil security force expects an eastern autonomy movement to reopen seized export ports this weekend.
IEA Sees Upside Risk to Oil Prices
Wednesday, December 11, 2013 The International Energy Agency says surging oil demand and faltering supplies mean oil prices face upside risks.
Ex-BP Supervisors Win Dismissal of Some Manslaughter Charges
Wednesday, December 11, 2013 Two former BP supervisors win the dismissal of some of the manslaughter charges facing them over the Gulf of Mexico drilling rig explosion that killed 11 people in 2010.
Report: Female Representation in Oil, Gas on the Rise
Tuesday, December 10, 2013 A survey from BP and Rigzone reveals broad support of the steps being taken to ensure wider gender diversity.
East Libya Autonomy Movement Aims to Sell Oil Unless Demands Met
Tuesday, December 10, 2013 East Libyan autonomy movement plans to sell crude oil on its own if the government does not meet its demands.
BHP Says US Shale Business To Generate Cash From 2016
Tuesday, December 10, 2013 BHP Billiton says its US shale business would break even from 2016, generating cash that would grow to almost $3 billion a year by the end of the decade.
Russia Says South Stream Pipeline Agreements Trump EU Rules
Tuesday, December 10, 2013 Russia raises the stakes in a row over the Gazprom-led South Stream gas link.
US Crude Gains $1 On Anticipated Inventory Draw
Tuesday, December 10, 2013 US crude rises as market participants digest news of progress toward opening a major pipeline to move oil from the US Midwest to the Gulf.
Barclays: Oil, Gas Companies To Spend 6% More In 2014
Monday, December 09, 2013 Oil and gas firms will spend 6.1% more on exploration and production in 2014 than in 2013, according to a Barclays Bank report.
QEP Resources To Buy Oil Assets In Texas For $950M
Monday, December 09, 2013 QEP Resources says it will buy oil assets in Texas' Permian Basin as it looks to transform itself into a pure-play exploration and production company.
Lured by Cheap Coal, Southeast Asia Turns Away from Gas
Monday, December 09, 2013 Southeast Asia's power sector will tilt away from gas to use more coal by the end of this decade, chipping away at demand for liquefied natural gas as the region of more than 600 million people tries to cut costs to meet soaring electricity needs.
Exec: Pemex's 'Front Door' Could Open Wider with Mexican Energy Reform
Monday, December 09, 2013 Arturo Henriquez, the head of Pemex's international procurement arm, sees significant changes for suppliers with Mexican energy reform.
Canada Plans Claim That Would Include North Pole
Monday, December 09, 2013 Canada plans to make a claim to the North Pole in an effort to assert its sovereignty in the resource-rich Arctic, the country's foreign affairs minister says.
Oil Falls Slightly; Natural Gas Soars On Weather
Monday, December 09, 2013 The price of oil falls slightly, the first decline in seven trading sessions.
Mexico Senate Committees Give Preliminary Approval To Energy Bill
Monday, December 09, 2013 Three Mexican Senate committees give general approval to an energy bill that will open up the world's 10th-biggest oil producer to private investment.
ConocoPhillips Sets 2014 Budget Of $16.7 Billion
Friday, December 06, 2013 ConocoPhillips expects to spend $16.7 billion next year, with more than half earmarked for projects in North America.
North Sea Oil, Gas Projections Disputed
Friday, December 06, 2013 Forecasts of flat line growth for North Sea oil and gas revenues by the UK Office of Budget Responsibility are disputed by the Scottish government and Oil & Gas UK.
Mexico Near Energy Reform Deal But Presentation Delayed
Friday, December 06, 2013 Mexican senators cancel a meeting where they planned to present a draft of reforms to open up the energy sector and said they might convene over the weekend instead, PRI officials say.
Cairn India to Make History in Sri Lanka's Petroleum Industry
Friday, December 06, 2013 Cairn India is set to create history in Sri Lanka's petroleum industry when first production begins flowing from its offshore gas field possibly in 2016.
America, The Energy Exporter
Friday, December 06, 2013 Bolstering North American energy infrastructure is set to solidify the United States as an energy exporter by the end of this decade.
Private Equity to Play Greater Role in Oil, Gas Investment
Friday, December 06, 2013 The oil and gas industry's growing capital investment requirements are the dominant driver in private equity investment activity, according to an EY survey.
UH Energy, Graduate School Host 'Focus On Energy' for Grads
Friday, December 06, 2013 The University of Houston's Energy Initiative and Graduate School successfully holds the first-ever Focus on Energy for graduate students.
Total Buys Stake In Papua New Guinea Bloc
Friday, December 06, 2013 Total agrees to buy a 61.3-percent stake in InterOil's Papua New Guinea gas fields for up to $3.6 billion.
Oil Rises On US Jobs Data, But Fed Timing Weighs
Friday, December 06, 2013 US oil ends with its largest weekly percentage gain since July amid hopes for increased demand following strong jobs data from the United States.
Australia Defends Raids on E. Timor Lawyer and Whistleblower
Thursday, December 05, 2013 Attorney-General George Brandis says raids by AU's domestic spy agency on the Canberra offices of a lawyer representing East Timor over Australian bugging claims were justified.
Top Lawmaker: Mexico Senators To Unveil Energy Bill Friday
Thursday, December 05, 2013 Mexican senators will present a bill to open up Mexico's energy sector to greater private investment Friday, clearing the way for a vote by the full Senate as early as next week.
Norway Sees Record Oil Investments, Rising Costs In 2014
Thursday, December 05, 2013 Norwegian oil and gas investments will jump to a record next year but the high level of activity and bottlenecks will pose a serious cost challenge.
Shell Cancels US Gas-To-Liquids Plant As Costs Rise
Thursday, December 05, 2013 Shell says has canceled a proposed gas-to-liquids (GTL) plant in Louisiana less than two years after the plan surfaced as costs rose and the company reins in spending.
Shrugging Off Winter's Bite In N. Dakota Oilfields
Thursday, December 05, 2013 The extreme cold slamming the Great Plains isn't about to cool off one of the hottest segments of the American economy: North Dakota's oil patch.
Eni's CEO First To Meet With Iran Oil Minister
Thursday, December 05, 2013 Paolo Scaroni of Italy's Eni met with Iranian Oil Minister Bijan Zanganeh, the first Western oil CEO to do so publicly with the minister since last month's interim nuclear deal.
Report: Significant Economic Benefits Seen from Atlantic Oil, Gas Devt
Thursday, December 05, 2013 Opening US Atlantic waters to oil and gas exploration could create significant economic benefits that will be felt throughout the United States, according to a recent report.
Oil Gains On Strong US Growth; Natural Gas Soars
Thursday, December 05, 2013 The price of oil edges higher as the US economy grew more than expected in the third quarter.
UK Chancellor Confirms Tax Breaks for Shale Gas Developers
Thursday, December 05, 2013 UK Chancellor George Osborne has confirmed that firms drilling for shale gas will pay just 30% tax on profit made from gas they produce.
Oil & Gas UK Blasts Parliament over 'Subsidies' Allegation
Wednesday, December 04, 2013 Oil & Gas UK hits back at a UK parliamentary committee that has suggested the country's oil and gas industry is subsidized.
Egypt Woos Gulf Investors, Promises Repayments To Oil Firms
Wednesday, December 04, 2013 The Egyptian government promises to pay $1.5 billion out of the $6 billion it says it owes oil firms.
US Delays in LNG, Coal Export Permitting Could Violate WTO Agreements
Wednesday, December 04, 2013 The delay in US permits for LNG and coal export facilities could violate WTO agreements, a former WTO official argues in a recent report.
Talisman Sinopec Closes North Sea Platform Ahead of Storm
Wednesday, December 04, 2013 Talisman Sinopec closes Buchan Alpha platform in the North Sea ahead of an approaching winter storm.
Oil Minister: Norway Looks to Reduce Costs in Oil Sector
Wednesday, December 04, 2013 Norway is looking at measures to reduce rising costs in the oil and gas sector.
Top Senator: Mexico Lawmakers Poised To Debate Energy Reform
Wednesday, December 04, 2013 Mexican lawmakers are poised to send a landmark energy bill to Senate committees to start debate on a cornerstone of President Enrique Pena Nieto's economic reform drive.
Libya Spends Foreign Reserves To Offset Oil Losses
Wednesday, December 04, 2013 Libya's prime minister says his government is spending billions of dollars to offset the loss of revenue caused by militias who have shut down oil terminals in the country's restive east.
Oil Above $97 A Barrel As US Supplies Decline
Wednesday, December 04, 2013 The price of oil rises for a fourth straight day as the US government reports the first drop in crude oil supplies in 11 weeks.
BP Wins US Appeals Court Reprieve Over Some Gulf Spill Payments
Tuesday, December 03, 2013 BP wins a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs.
BOEM Proposes Eastern Gulf of Mexico Oil, Gas Lease Sale
Tuesday, December 03, 2013 BOEM will hold a Gulf of Mexico Eastern Planning Area oil and gas lease sale in March.
US Business Leader: EPA Fracking Study Could Hurt Energy Boom
Tuesday, December 03, 2013 America's largest business lobby group warns the Obama administration against snuffing out the country's energy boom with regulations on new oil and natural gas drilling technologies.
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