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Lewis: Mexican Shale Will Lure Investment Despite Higher Costs
Wednesday, July 23, 2014 Mexico's vast shale oil and gas potential will attract private investment despite significantly higher operating costs, a top executive with a leading US shale producer says.
UK Proposes New Tax Allowance for Ultra HP/HT Fields
Wednesday, July 23, 2014 HM Treasury announces a consultation on a new "cluster area allowance" to encourage investment in ultra-high pressure, high temperature oil and gas fields.
North Sea Super Puma Crash: Lessons Learned
Wednesday, July 23, 2014 Eleven months on from the Super Puma crash in the North Sea that killed 4 offshore workers, steps have been taken that should save lives in the event of a future helicopter ditching.
Crude Oil Rises On Drop In US Crude Inventories, Geopolitical Risk
Wednesday, July 23, 2014 Crude oil futures rise as oil stockpiles in the US fall more than expected and geopolitical tensions in Eastern Europe and the Middle East persist.
Oil Companies Begin Bidding For Blocks In Colombia Auction
Wednesday, July 23, 2014 Colombia begins block auction in an effort to raise output from around 1 million barrels per day and increase stagnant reserves.
EU Says Could Halt Technology for Russia to Develop Arctic Oil, Gas
Wednesday, July 23, 2014 EU should not give Russia technical help to develop Arctic oil and gas if Moscow does not help defuse the Ukraine crisis, says EU Energy Commissioner Guenther Oettinger.
US Proposes New Rules For Moving Crude Oil By Rail
Wednesday, July 23, 2014 The US Department of Transportation proposes an overhaul of safety standards for transporting crude oil and ethanol by rail.
Ukraine Says EU Reverse Gas Flows Lower after Gazprom's 'Threats'
Wednesday, July 23, 2014 Ukraine energy minister says reverse gas flows from the European Union to Ukraine fall because of the threats by Russian gas producer Gazprom.
Analyst: Foreign Investment in US Shale to Continue
Tuesday, July 22, 2014 AlixPartners Dennis Cassidy says the oil and gas industry is midway through the phase of foreign investment in US shale.
S. African Anti-Fracking Group Threatens Legal Challenge
Tuesday, July 22, 2014 A South African anti-fracking group threatens a legal challenge to government plans to grant shale gas exploration licenses in the Karoo semi-desert.
Oil Slips As Supplies Flow Despite Conflicts
Tuesday, July 22, 2014 Brent and US crude settle lower after a choppy trading session as oil supplies remain unaffected by continuing violence in Iraq, Ukraine and Gaza.
Mexican Senate Approves Bulk Of Pending Energy Legislation
Tuesday, July 22, 2014 Mexico's Senate completes approval of the bulk of legislation setting out rules and regulations for President Nieto's opening of the oil and gas market, the cornerstone of his economic agenda.
Syria Says Crisis Has Cost Its Oil Sector $23.5B
Tuesday, July 22, 2014 Syria's oil sector has lost around $23.5 billion due to damage to facilities and pipelines, looting and production delays since the start of the country's crisis in 2011 and output has fallen sharply.
Paper: Putin Mulls End To Gazprom Monopoly On Pipeline Gas Sales To China
Tuesday, July 22, 2014 Russia's president is thinking about allowing gas producers other than Gazprom to export gas from new eastern fields, according to the Vedomosti newspaper.
Analyst: Oil, Gas CAPEX Spending to End 2014 a Bit Flat
Monday, July 21, 2014 Rigzone talks with AlixPartners' Dennis Cassidy about what oil and gas spending and other trends will look like for the second half of 2014.
Oil and Gas Hiring Set to Increase, Candidates Choosier
Monday, July 21, 2014 Half of hiring managers in the energy industry plan to hire more professionals in the next 6 months as compared to the first half of the year, according to a semi-annual hiring survey from Rigzone.
Gabon Picks Seven Companies For Final Oil Block Talks
Monday, July 21, 2014 Gabon selects seven companies for a final round of negotiations as part of an offshore licensing round the government hopes will reverse a chronic decline in output, the country's oil ministry says.
Exxon, Alaska File Permit Request To Export Alaska Natural Gas
Monday, July 21, 2014 ExxonMobil, its partners and the state of Alaska are seeking federal permission to export LNG from a project that includes an 800-mile pipeline cutting across the state from Alaska's North Slope.
Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm
Monday, July 21, 2014 Exxon faces political dilemma as one of its rigs enters Russian Arctic waters.
China Provides $4 Billion To Venezuela In Exchange For Oil
Monday, July 21, 2014 China will provide Venezuela with a new $4 billion credit line, with the money to be repaid by oil shipments from OPEC member Venezuela.
Oil Prices Rise Above $104; Natural Gas Sinks
Monday, July 21, 2014 The price of oil rises more than a $1 for the third time in the last four trading days, and closes above $104 for the first time since July 3.
North Sea Oil, Gas Firms Hold Off on Investment
Friday, July 18, 2014 A Deloitte report shows that drilling activity on the UK Continental Shelf has almost halved in three months while asset deals have also plummeted.
Mexico Senate Gives General Approval To Key Energy Reform Bill
Friday, July 18, 2014 Mexico's Senate gives general approval early to a key bill to regulate the opening of the oil and gas industries to private investment, the centerpiece of President Enrique Pena Nieto's economic reform agenda.
Oil Trains, Born Of US Energy Boom, Face Test In New Safety Rules
Friday, July 18, 2014 North Dakota's Bakken oil patch has thrived thanks in large part to the once-niche business of hauling fuel on US rail tracks. New safety rules may now test the oil train model.
Mubadala Inks Agreement To Help Further Develop Somalia's Petroleum Sector
Friday, July 18, 2014 Mubadala Petroleum inks cooperation agreement with Somalia's Ministry of Petroleum and Mineral Resources to explore ways to further develop the country's petroleum sector.
Shell Employees on Doomed Malaysian Flight
Friday, July 18, 2014 Shell confirms that some of its employees were among the 298 people killed Thursday when Malaysian Airlines was shot down by a missile over eastern Ukraine.
Russia's Rosneft Says to Honor Agreements despite Sanctions
Friday, July 18, 2014 Russian oil producer Rosneft says it will continue to work on its existing projects and agreements despite US sanctions against the company.
US Approves Plan To Open Atlantic To Oil Reserve Surveys
Friday, July 18, 2014 The Obama admin. approves a plan that would allow companies to assess oil resources off the Atlantic Coast.
Oil Price Remains High On Global Turmoil
Friday, July 18, 2014 The price of oil retreats slightly but remains elevated because of political turmoil around the world.
Kemp: Peak Petroleum Engineer? Or Still Time To Join The Boom?
Thursday, July 17, 2014 Petroleum engineers are among the best paid professionals in the US. Only chief executives and some specialist doctors earned more last year, according to federal government pay data.
Sinopec's Fuling Verified As China's First Large Shale Gas Play
Thursday, July 17, 2014 The Chinese government has verified shale gas reserves in Sinopec's Fuling field, signalling the official launch of the commercial development of China's first large shale gas field.
Australian Parliament Repeals Carbon Tax, Emissions Trading Scheme
Thursday, July 17, 2014 The Australian Senate votes to scrap the country's carbon tax and plans for emissions trading, a major victory for conservative Prime Minister Tony Abbott that leaves uncertainty about how the country will meet its carbon reduction goals.
Monitor: Ninety Killed By Islamist Attack On Syrian Gas Field
Thursday, July 17, 2014 Militant group Islamic State seizes a Syrian gas field and kills at least 90 people in one of the bloodiest clashes between the al Qaeda offshoot and President Bashar al-Assad's forces.
BP Says New Sanctions on Russia Appear to Target Access to Markets
Thursday, July 17, 2014 BP studies latest sanctions against Russia over Ukraine and says they appear to focus on restricting access to US debt and equity markets.
Oil Rises Past $103 On Geopolitical Turmoil
Thursday, July 17, 2014 The price of oil rises 2% on lower US inventories and concerns that geopolitical tensions could disrupt global supplies.
Target Logistics: Maximizing Worker Retention and Performance
Thursday, July 17, 2014 Using a holistic approach to providing workforce lodging results in higher recruitment, performance and retention of oil and gas workers.
Chinese Oil Rig Moved Away From Disputed Waters Off Vietnam
Wednesday, July 16, 2014 Chinese oil rig finishes exploration near the Paracel islands in the South China Sea, more than two months after its deployment damaged relations with Hanoi.
Chevron To Cut 225 Jobs In North Sea Oil Operations
Wednesday, July 16, 2014 Chevron will cut about 225 jobs in its North Sea oil operations after reviewing its business in the region where high costs have undermined some field developments.
Oil Price Rises On Inventory Draw, China Growth
Wednesday, July 16, 2014 Oil prices rise on a large drain in US oil inventories and a slight improvement in economic growth in China.
North Texas City Rejects Partial Fracking Ban
Wednesday, July 16, 2014 The council governing a North Texas city that sits atop a large natgas reserve rejected a bid that would have made it the first city in the state to ban further permitting of fracking in the community.
Tullow To Challenge Ugandan Court Order To Pay $407M Tax Bill
Wednesday, July 16, 2014 Tullow Oil says it planned to challenge a Ugandan tax tribunal decision ordering it to pay a $407 million tax bill in relation to a 2012 sale of oil field stakes.
British Government to Help Fund New Oil Regulator Until 2022
Wednesday, July 16, 2014 UK government announces another $5.1 million per year funding for the country's new oil regulator until 2022.
Kemp: The Big One - Russia's Bazhenov Shale
Wednesday, July 16, 2014 Western oil companies and their Russian counterparts hope to repeat North America's shale success in the Bazhenov shale in Siberia.
Mines Minister: S. Africa Ready to Re-Evaluate New Oil And Gas Law
Tuesday, July 15, 2014 South Africa may reconsider a new oil and gas law to ensure that investors can be make profits while securing a place for the state in the sector, Mineral Resources Minister Ngoako Ramatlhodi says.
New Modi Government Plans to Revamp India's E&P Sector
Tuesday, July 15, 2014 Fresh from its election success, India's newly elected government prepares to introduce policies to strengthen the country's upstream hydrocarbon sector.
Mexico's Senate Committees Approve Key Part Of Energy Bill
Tuesday, July 15, 2014 Mexican Senate committees give approval to a law at the heart of a package that will implement the opening of the oil and gas industry to outside investment.
Hancock Takes Over UK Junior Energy Minister Role
Tuesday, July 15, 2014 Matthew Hancock takes over from Michael Fallon as junior energy minister at the UK's Department of Energy and Climate Change.
India Govt Considers Selling $3B Stake In ONGC
Tuesday, July 15, 2014 Indian PM Narendra Modi's government will decide next month on the sale of a stake in ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.
ENAP: Chile Eyes Use Of US Shale Gas In Early 2016
Tuesday, July 15, 2014 ENAP says it would start using US shale gas during the first half of 2016 via an ongoing supply contract with BG Group.
US Court Revives BP Retirement-Plan Suit Filed After Oil Spill
Tuesday, July 15, 2014 A US appeals court revives a lawsuit in which participants in BP retirement savings plans alleged they were deceived into buying and holding stock before and after the 2010 Deepwater Horizon incident.
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