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Australian Market Ripe for Consolidation
Wednesday, November 26, 2014 Merger and acquisition activity on the Australia market has lifted expectations of further consolidation from around the industry.
Report: North America Focus of Oil, Gas Technology Investment
Wednesday, November 26, 2014 North America's oil and gas resources have been the focus of most of the technology investments made worldwide since 2003, according to Lux Research.
Oil Declines As OPEC Seen Holding Off From Production Cuts
Wednesday, November 26, 2014 Oil prices fall after OPEC increases signals that it would hold off making any major production cuts this week.
Russia Sees Average Oil Price at $80-90 in Medium, Long-Term
Wednesday, November 26, 2014 Russia's finance minister says the country sees the oil price averaging between $80 and $90 per barrel in the medium term.
Kemp: OPEC's Other Problem: Weak Demand
Wednesday, November 26, 2014 Slowing demand growth as much as rising supplies contributed to the price crisis in 1986, just as it is now causing a similar problem for OPEC in 2014.
North Sea Industry Calls for Tax Reform from UK Chancellor
Tuesday, November 25, 2014 North Sea oil and gas firms see fiscal reform of the sector as a "top priority" for the UK government ahead of the Chancellor's Autumn Statement.
Oil, Gas Companies Adjust to Social Media, Multi-Generation Workers
Tuesday, November 25, 2014 Multi-generational workforces, using social media, pose challenges while offering opportunities for oil and gas companies.
US House To Hold Hearing On Oil Export Ban
Tuesday, November 25, 2014 A House of Representatives panel will hold a hearing Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.
Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut
Tuesday, November 25, 2014 Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yield no agreement on how to address a growing oil glut.
Prosecutor: Total Faces French Trial over Iran Contracts
Tuesday, November 25, 2014 French major Total is to face trial in France over corruption allegations relating to Iranian contracts dating from the 1990s and early 2000s, says the Paris prosecutor's office.
Report: Canada's Northwest Territories Hold Big Natural Gas Reserves
Tuesday, November 25, 2014 Canada's Northwest Territories, including its Arctic islands and the adjacent Beaufort Sea, hold more than 1.2 billion barrels of crude oil and 16.4 Tcf of marketable natural gas, the NEB says.
Oil Down 2% As Pre-OPEC Talks Don't Lead To Output Cut
Tuesday, November 25, 2014 Oil tumbles 2% to near 4-year lows in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit end with no deal to curb crude output.
Russian Oil Tsar to Meet OPEC as Saudis Keep Market Guessing
Tuesday, November 25, 2014 Rosneft head Igor Sechin is to meet OPEC members in Vienna as Saudis keep the market guessing about its response to flagging oil prices.
Vietnam Warships Visit Philippines Amid South China Sea Dispute
Tuesday, November 25, 2014 Vietnam shows off its two most powerful warships in the first-ever port call to the Philippines but an official says it is not trying to challenge China's superior naval forces amid tension in the South China Sea.
China Corruption Watchdog Launches Inspections, Eyes Sinopec
Monday, November 24, 2014 China's corruption watchdog has launched a series of inspections into state-owned enterprises and government bodies including Sinopec, state media says.
Oil Ends Down After Swinging On OPEC Speculation; Brent Below $80/bbl
Monday, November 24, 2014 Crude prices end lower, with Brent below $80 a barrel, after a volatile session.
Kemp: Oil in Arcadia
Monday, November 24, 2014 Analyst John Kemp discusses the portrayal of North Dakota in a recent publication in which the article "tells only part of the story".
Coil Tubing Technology Offers Great Efficiency in Fracking
Monday, November 24, 2014 A coil tubing technology used in coalbed methane now offers a more efficient and economic solution for unconventional well completion and production management.
Low Oil Prices Send Chills Through Oil Patch
Monday, November 24, 2014 Lower oil prices, while good for the broader economy, are a threat to what has been a dramatic surge in oil production in the US, and to drilling communities that have come to depend on oil money.
Brazil's Petrobras Says Received US SEC Subpoena For Documents
Monday, November 24, 2014 Petrobras says it received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing.
Oil Industry Swashbucklers Hit By War, Disease And Shale Boom
Monday, November 24, 2014 The world has become a more difficult place for the small, intrepid Canadian oil explorers that roam the globe hunting for the next big petroleum discovery.
Statoil Takes $350M Hit on Angola Exploration Halt
Friday, November 21, 2014 Norway's Statoil is halting exploration in Angola after poor drilling results, retreating from an offshore area it had high hopes for and capping a poor year for exploration.
Pennsylvania Benefits from Oil, Gas Extraction in the State
Friday, November 21, 2014 Oil and gas drilling in Pennsylvania is creating thousands of new jobs and providing funds to the state for infrastructure improvements.
Report: Bird Needs 3-Mile Buffer From Drilling
Friday, November 21, 2014 A government study with significant implications for the U.S. energy industry says the breeding grounds of a struggling bird species need a 3-mile or larger buffer from oil and gas drilling, wind farms and solar projects.
BSEE, Fieldwood Investigating Explosion from Maintenance on Echo Platform
Friday, November 21, 2014 An investigation is underway into a maintenance incident that killed one worker and injured three on a Gulf of Mexico platform.
One Dead in Explosion at Fieldwood Platform in Gulf of Mexico
Friday, November 21, 2014 An explosion at oil and gas operator Fieldwood Energy's Echo Platform in the Gulf of Mexico killed one person and injured at least one, but no pollution was reported, a U.S. safety agency and the company say.
Agreement Balancing O&G Extraction and Conservation Reached in Colorado
Friday, November 21, 2014 An agreement has been reached in Colorado providing for a balance of oil and gas exploration and production and conservation on the Roan Plateau.
OPEC Panel Reviews Oil Outlook in a Start to Talks on Oversupply
Friday, November 21, 2014 A panel of national representatives review OPEC's oil market outlook for 2015, preparing the ground for a policy-setting meeting next week that will decide how to address a looming oversupply of crude.
Oil Up First Time in 8 Weeks on China Rate Cut, OPEC Expectations
Friday, November 21, 2014 Oil prices rise for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC output cut.
Brazil's Rousseff Struggling to Limit Petrobras Scandal's Damage
Friday, November 21, 2014 President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling.
Energy Minister: Russia Mulls Oil Output Cut, No Decision Yet
Friday, November 21, 2014 Russia may cut oil production to shore up flagging prices, but its ability to change output is limited and no decision has been made yet, its energy minister said, underlining Moscow's desire for a higher oil price.
Russia's Lukoil to Invest in Nigerian Project with Chevron
Friday, November 21, 2014 Russia's second-largest oil company, privately controlled Lukoil, plans to invest in Nigeria with U.S. oil major Chevron Corp., part of its push to seek opportunities away from Russia's state-dominated oil sector.
China's Oilfield Services Companies Face Mixed Industry Fortunes
Thursday, November 20, 2014 Independent oilfield services firms operating in China face challenging times, while providers owned by Chinese national petroleum firms are shielded from such pressures.
Apache to Sell $1.4B in Non-Core US Assets
Thursday, November 20, 2014 Apache will sell non-core assets in southern Louisiana and the Anadarko Basin for $1.4 billion as part of its strategic focus on its growing liquids production.
Oil Up After 3-Day Loss On Strong US Data, OPEC Cut Speculation
Thursday, November 20, 2014 Oil closes higher, snapping a three-day loss, as strong US economic data bolsters crude markets.
Draft Law: Germany to Leave Door Ajar for Fracking
Thursday, November 20, 2014 The German government plans to stop short of an outright ban on fracking for shale gas.
BBVA Compass: The Texas Economy Can Handle $70-80/bbl Crude Oil Prices
Thursday, November 20, 2014 The Texas economy is likely to remain strong as long as crude oil prices remain at, or above, the $70-80/bbl range, according to a recent report.
Minister: Venezuela Willing To Cut Oil Output Along With OPEC
Thursday, November 20, 2014 Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez says.
Directorate: Oil Firms Demand Excessive Returns Offshore Norway
Wednesday, November 19, 2014 Oil companies in Norway are frequently demanding excessive returns on their investments, raising the risk that some oil will never be produced, NPD Director Bente Nyland says.
Indonesia President Names Ex Corruption Watchdog Deputy to Head SKKMigas
Wednesday, November 19, 2014 Indonesia's president appoints a former senior official at the corruption watchdog to head energy regulator SKKMigas, as part of efforts to restore investor confidence in the country's graft-ridden energy sector.
NPD: Norway Hopes to Launch New Oil, Gas Licensing Round before Christmas
Wednesday, November 19, 2014 Norway hopes to launch its 23rd oil and gas licensing round before Christmas, according to the head of the Norwegian Petroleum Directorate.
Chestnut CEO: Better Communication Might Have Prevented Denton Ban
Wednesday, November 19, 2014 An energy CEO discusses how the Denton voter referendum could have been prevented, and the likely outcome of the vote.
Oil Down On Fed Uncertainty Over US Economy; OPEC In Focus
Wednesday, November 19, 2014 Oil prices fall for a third straight day, as early gains on talk of a possible OPEC output cut vanish after the Federal Reserve releases minutes.
Oman to Maintain Capex for Oil, Gas Industry in 2015
Wednesday, November 19, 2014 Oman maintains capital expenditure for the country's oil and gas expenditure in 2015 despite falling crude oil prices, local media quoted an oil and gas ministry official as saying.
Studies Highlight Job, Economic Potential of Expanding US Offshore Leasing
Wednesday, November 19, 2014 Opening additional areas of the US Outer Continental Shelf could create over 800,000 jobs and generate significant government revenues, according to studies by API and NOIA.
Source: Petrobras Probe Finds Corruption, One Executive Fired
Wednesday, November 19, 2014 Petrobras fires one executive for corruption and identifies about 15 other employees involved in irregular contracts with suppliers, a source familiar with the situation says.
Kemp: Keystone Is Dragging Down The Democrats
Wednesday, November 19, 2014 The Keystone pipeline has assumed a symbolic importance in the struggle between fossil fuels and renewables out of all proportion to its practical significance for either side.
Keystone XL Pipeline Bill Dies in Senate
Tuesday, November 18, 2014 A bill to force approval of the Keystone XL pipeline fails in the U.S. Senate, sparing President Barack Obama from having to veto legislation that several fellow Democrats supported.
Turkmenistan: Pipe Dreams Turning Real
Tuesday, November 18, 2014 Being a landlocked country, Turkmenistan has focused on exporting gas to willing customers through ambitious pipeline networks – with many more in the offing.
US Senate Heads For Vote On Keystone XL Pipeline
Tuesday, November 18, 2014 Backers of the Keystone XL oil pipeline hope a vote in the US Senate late on Tuesday will send a bill clearing the way for the controversial project to President Obama.
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