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SKK Migas Approves Ramba's Farm-out of 35% Stake in Lemang PSC to Mandala
Thursday, February 11, 2016 Indonesia's upstream oil and gas regulator SKK Migas approves Ramba Energy's farm-out of a 35 percent interest in Lemang block in Sumatra to Mandala Energy.

Oil Minister: Foreign Oil Companies To Settle Iran's Debt In Euros
Wednesday, February 10, 2016 Iran's oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros.

FIRB Clears AEGP to Farm-in to Empire Energy's NT Petroleum Tenements
Wednesday, February 10, 2016 Australia's Foreign Investment Review Board gives its clearance for AEGP, an affiliate of American Energy Partners, to farm-in to Empire Energy Group's Northern Territory petroleum tenements.

Russia's Sechin Floats Idea of Oil Output Cuts
Wednesday, February 10, 2016 Rosneft floats the idea of a coordinated output cut by major oil-producing countries to prop up sagging prices.

SBM Offshore Says US Authorities Re-Open Corruption Probe
Wednesday, February 10, 2016 SBM Offshore says that US authorities had re-opened an inquiry into bribery allegations involving the Dutch company.

WA DMP Approves Pilot Energy's Farm-in to 2 Perth Basin Exploration Permits
Wednesday, February 10, 2016 The Western Australian Department of Mines & Petroleum approves Pilot Energy's farm-in to exploration permits EP416 and EP480 in Perth Basin.

BP: US Shale Oil Output To Double By 2035
Wednesday, February 10, 2016 US shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, BP says.

Halliburton May Sell Baker Hughes' Offshore Fluids Unit
Tuesday, February 09, 2016 More than a year after announcing its takeover of rival Baker Hughes, Halliburton adds more assets to those it will sell.

Obama's $319 Billion Oil Tax Plan Raised to $10.25 a Barrel
Tuesday, February 09, 2016 President Barack Obama proposes budget to raise $319 billion during the next decade for transportation, other needs with a $10.25-per-barrel tax on crude.

API: Obama Catering to Activists with Oil Tax Proposal
Monday, February 08, 2016 Oil and gas trade association criticizes recent White House proposal, says new tax on oil would be a "head in the sand" movement.

Sources: Total-Led Consortium Bids for Greek Offshore Gas Drilling Block
Friday, February 05, 2016 France’s Total, along with Hellenic Petroleum and Edison, bid for one offshore gas block in the west of Greece.

Cuadrilla Faces Five-Week Public Hearing on Fracking in UK
Friday, February 05, 2016 A pause on fracking in northwest England that cooled expansion of the practice in the rest of the country may end after a five-week public inquiry scheduled next week.

Kemp: Obama's Budget Will Not Lead to $10 Oil Tax
Friday, February 05, 2016 President Barack Obama's proposed $10 per barrel oil tax, designed to address transportation issues, has no chance of becoming law says market analyst.

Obama Says US Should Take Advantage of Cheap Fuel With Oil Tax
Friday, February 05, 2016 President Obama defends his proposal for a $10-per-barrel tax on oil, says low gasoline prices provide an opportunity to finance transportation improvements.

Armour Commences Legal Proceedings Against AEP's Australian Affiliate
Thursday, February 04, 2016 Armour Energy commences legal proceedings in Queensland's Supreme Court after American Energy Partners's affiliate AEGP Australia failed to complete the farm-in to its Northern Territory tenements in Australia.

Senate Blocks Energy Bill in Dispute Over Flint's Water
Thursday, February 04, 2016 Democrats block a bipartisan energy bill in the US Senate based on disagreements on aid for the lead-poisoned water system of Flint, Michigan.

US House Republicans Vow to Kill Obama Oil Tax Idea
Thursday, February 04, 2016 Congressional Republicans promise to kill what they called an "absurd" idea by President Obama to levy $10-per-barrel oil tax.

Q&A: The BSEE's Latest OCS Safety Program Initiative
Thursday, February 04, 2016 Rigzone speaks to BSEE Director Brian Salerno about the intricacies and implications of its latest pilot program, which is designed to improve offshore safety on the US Outer Continental Shelf.

Obama To Seek New Tax On Oil In Budget Proposal
Thursday, February 04, 2016 US President Obama proposing a $10-a-barrel fee on oil in his budget plan next week in effort to boost investments in clean transportation.

Keystone Foes Take Aim at Obama's Atlantic Oil Drilling Plan
Wednesday, February 03, 2016 Keystone XL environmentalists trying to convince the White House to reverse decision to allow oil drilling off the Atlantic coast.

Insurance Officials: Race for Iran Oil Cargoes Could Be False Start
Wednesday, February 03, 2016 Oil companies racing to benefit from Iran's new status risk tankers being left in limbo by international insurers' reluctance.

European Commission extends Halliburton-Baker Hughes deal review
Wednesday, February 03, 2016 Oilfield services provider Baker Hughes says the European Commission had extended the review of its merger with Halliburton by 20 working days.

Peru Says Will Cut Royalties In Current Oil Contracts By July
Wednesday, February 03, 2016 Peru plans to lower the royalty payments it receives from oil companies by July in order to help them survive the oil price crisis and might allow some to postpone part of their payments, the country's energy agency, Perupetro, says.

Ombrina Mare Project Development Stymied by New Drilling Ban
Wednesday, February 03, 2016 Rockhopper Exploration is considering suing the Italian government after it reintroduces a ban on offshore that will halt development of the firm's Ombrina Mare field.

IMF: Azerbaijan Needs Reforms To Weather Cheap Oil
Wednesday, February 03, 2016 The IMF is urging Azerbaijan to boost reforms and diversify its economy to withstand global crude prices hitting growth and budget.

EIA: US Crude and Gasoline Stocks Swelled More Than Expected
Wednesday, February 03, 2016 US crude and gasoline stocks jumped more than expected last week, while distillate inventories fell, according to date from the EIA.

DMP Approves OBL's Plan to Vary the Work Program for Derby Block in WA
Wednesday, February 03, 2016 Western Australia's Department of Mines and Petroleum approves a variation in Oil Basins Limited's Work Program for the Derby Block.

Minister: Greece to Decide on Three Gas Exploration Licences Soon
Tuesday, February 02, 2016 Greece will decide soon on the award of three onshore natural gas exploration licenses in the west of the country, according to the country's energy minister.

Algerian Court Jails Six in Oil Firm Corruption Case
Tuesday, February 02, 2016 An Algerian court jails six people in a corruption case involving state energy firm Sonatrach, including a former vice president and an ex-state bank chief, and it fined two local subsidaries for their role.

Russian Oligarchs Most Likely Buyers in Putin's New Privatisation Plan
Tuesday, February 02, 2016 Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell.

U.S. Issues Alert on Offshore Oil Equipment Problems
Tuesday, February 02, 2016 The U.S. Interior Department issues a safety alert, warning offshore oil and gas drillers about recurring problems with bolts on equipment including blowout preventers.

Former Petrobras Exec Sentenced Over Vantage Drilling Contract
Monday, February 01, 2016 A Brazilian judge sentences the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering, part of the country's largest-ever graft investigation.

SKK Migas Extends Sumatra's Rengat PSC Exploration Period to November 2019
Monday, February 01, 2016 NuEnergy reveals that upstream regulator SKK Migas has extended the exploration period for the Rengat Production Sharing Contract in Sumatra, Indonesia to November 2019.

Iraq's KRG to Pay Oil Companies According to Contracts in 2016
Monday, February 01, 2016 The Kurdistan region of Iraq says it will pay international oil companies according to their contractual entitlements in 2016 in a bid to restore confidence and raise production.

UK Government to Turn Up the Heat in Move to Boost Shale Gas Industry
Sunday, January 31, 2016 A leaked government letter suggests that the UK could classify shale gas wells as 'nationally significant infrastructure', which would remove the right of local authorities to block fracking.

Australia's Red Emperor Updates on its Philippines, Georgia Assets
Friday, January 29, 2016 Australia's Red Emperor Resources updates on developments at its upstream assets in the Philippines and Georgia.

Germany Seeks to Calm Polish Concerns over Nord Stream II
Friday, January 29, 2016 A new pipeline to double Russian gas flows to Germany will only go ahead if Russia does not cut off Ukraine and eastern European gas flows, German Vice Chancellor Sigmar Gabriel tells the Polish government.

NOPTA Approves Suspension of Year 2 Work Program for PEP 11 Off Australia
Friday, January 29, 2016 The National Offshore Petroleum Titles Administrator approves Advent Energy's suspension of the Year 2 work program for PEP 11, located in the offshore Sydney Basin, Australia.

California Senators Seek Methane Leak Task Force in U.S. Energy Bill
Friday, January 29, 2016 The two U.S. Senators representing California say they will propose a federal task force to investigate the cause and response to the massive natural gas leak near Los Angeles.

IOG Receives Skipper License Extension
Thursday, January 28, 2016 Independent Oil and Gas plc announces that the Skipper license in P1609, block 9/21a, has been extended until December 31, 2016, following discussions with the UK Oil & Gas Authority.

Employment Laws: What You Should Know
Thursday, January 28, 2016 Sidley Austin attorney Tracey LeRoy breaks down common employment contracts employees should be cognizant of when switching jobs.

Scotland's Oil, Gas Sector Receives $360M Cash Injection
Thursday, January 28, 2016 The UK and Scottish governments to inject up to GBP 250 million ($358 million) into northeast Scotland's economy, as part of a new deal designed to support the region's oil and gas sector.

Israel Names Attorney Michal Halperin to Head Anti-Trust Agency
Wednesday, January 27, 2016 Israeli Prime Minister Benjamin Netanyahu appoints lawyer Michael Halperin to run the Anti-Trust Authority after a dispute over natural gas reserves led to the resignation of her predecessor.

Canada Energy Regulator Says Oil Patch Woes Make Hiring Easier
Wednesday, January 27, 2016 A sharp downturn in Canada's oil patch that has caused thousands of layoffs has made it easier for the country's energy regulator to find and hire experienced staff, its chief executive said on Wednesday.

Mexico to Evaluate Possible Pemex Capital Boost After Steps
Wednesday, January 27, 2016 Mexico could inject capital into slumping state-owned Pemex and allow it to increase debt more than planned if the oil producer presents a plan to ensure its long-term sustainability and profitability, Deputy Finance Minister Miguel Messmacher said.

Lukoil Signs Cooperation Agreement with Krasnoyarsk Region
Wednesday, January 27, 2016 Russian oil firm Lukoil signs a cooperation agreement with the Krasnoyarsk Region in eastern Siberia, where the firm was recently granted a license to develop the East Taymyr block.

IMF, World Bank Discussing Possible Aid to Oil Exporter Azerbaijan
Wednesday, January 27, 2016 The International Monetary Fund and World Bank are discussing possible financing assistance for Azerbaijan to help it cope with mounting currency pressures and other fallout from a steep drop in oil prices, the institutions confirmed on Wednesday.

U.S. Senate Starts Debate on Broad Energy Bill
Wednesday, January 27, 2016 The U.S. Senate on Wednesday began debate on the country's first major energy bill in over eight years, featuring measures aimed at protecting the electric power grid against cyber attacks and speeding the export of liquefied natural gas.

IBP: Brazil Oil Rules Block $120B in Investment
Tuesday, January 26, 2016 Brazil's lack of clear rules for the unitization of oilfields is delaying the development of as many as 10 billion barrels of oil and gas and about $120 billion of investment, Jorge Camargo, head of Brazil's oil industry association, IBP, says.

Mexico's Deepwater Future Must Balance Gov't Revenues, Bidding Terms
Tuesday, January 26, 2016 Mexico's future lies in its deepwater oil and gas resources, but must balance government financial interest with attractive bidding round terms.

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