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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
PM: France to Allow Private Security on Shipping Fleet
Tuesday, December 03, 2013 France will allow private security forces to protect its shipping fleet against pirates, bringing it in line with other European countries.
Oil Firms Move Some Staff Ashore From Norway's North Sea Before Storm
Tuesday, December 03, 2013 Energy companies operating in the Norwegian sector of the North Sea are moving some staff ashore because of an approaching winter storm but production is so far unaffected, they said.
GE: The Age of Gas is Upon Us
Tuesday, December 03, 2013 Rigzone talks to Michael Farina, a fuels market specialist at GE, about how gas is set to take the lead over oil and coal within 15 years.
Turkey: Kurds, Baghdad Could Agree This Month on Energy Deals
Tuesday, December 03, 2013 The Kurdistan region of Iraq and the country's central government could reach a deal on oil exports and revenue sharing this month, according to Turkey's energy minister.
Oil Jumps On News Of Pipeline Opening
Tuesday, December 03, 2013 The price of oil jumps more than 2% on the prospect of more oil flowing out of a key storage hub in the middle of the US.
UK, Trade Groups Tell US Court Ban Against BP Unfair
Tuesday, December 03, 2013 The US Environmental Protection Agency may have been too harsh when it banned BP from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the UK and prominent business groups say.
W&T Ban From Bidding For Oil Could Last 3 Years, EPA Says
Tuesday, December 03, 2013 W&T Offshore's ban from bidding on federal government contracts in the Gulf of Mexico can last up to three years, the US Environmental Protection Agency says.
Turkey to Seek Baghdad's Consent for Iraqi Kurdish Oil
Monday, December 02, 2013 Oil exports from anywhere in Iraq to Turkey need the central government's approval, Baghdad and Ankara say after a bilateral meeting aimed at diffusing a row over energy exports from Iraq's autonomous Kurdish region.
Energy Expert Economides Dies at 64
Monday, December 02, 2013 Dr. Michael Economides, a widely esteemed UH professor of chemical and biomolecular engineering, dies of heart attack at 64.
Chevron Resumes East Romanian Shale Gas Search
Monday, December 02, 2013 Chevron resumes its search for shale gas in eastern Romania, despite opposition from local residents.
Ex-BP Engineer Who Deleted Texts Heads To Trial
Monday, December 02, 2013 Kurt Mix, who was a drilling engineer for BP, possibly faces a prison sentence if convicted of deliberately deleting text messages and voicemails about BP's response to the 2010 Macondo incident.
Oil Spill Coats River, Sea Near ENI Nigeria Facility
Monday, December 02, 2013 A large oil spill near Nigeria's Brass facility, run by ENI, has spread through the sea and swamps of the oil producing Niger Delta region, local residents and the company say.
Brazil Signs Agreement With Oil Consortium
Monday, December 02, 2013 Brazil signs an agreement with a consortium of companies to develop an offshore field under the production-sharing regime that gives the federal, state and municipal govts a 75% stake of the oil extracted.
Venezuelan Oil Diplomacy Curbed By Economic Crisis
Monday, December 02, 2013 The late President Chavez's dream of leveraging Venezuela's oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis.
Oil Rises On Manufacturing Numbers From US, China
Monday, December 02, 2013 The price of oil rises more than 1% on encouraging manufacturing data from US and China.
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