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Offshore Gulf of Mexico Auction to Go Live on the Internet
Friday, July 22, 2016 Final sale of western Gulf of Mexico offshore acreage from five-year program will feature real time access to the public.
Kremlin: There is 'Understanding' Rosneft Should Not Buy Stake in Bashneft
Friday, July 22, 2016 Kremlin says that there is an 'understanding' in the Russian government that state-owned oil firm Rosneft should not take part in the privatisation of rival Bashneft.
Polish Antimonopoly Office Says Nord Stream 2 Threatens Competition
Friday, July 22, 2016 Poland's antimonopoly watchdog a proposed joint venture by Russia's Gazprom and five European firms responsible for the construction of Nord Stream 2 would undermine competition.
Indonesia Plans To Start Building Strategic Oil Reserves This Year
Thursday, July 21, 2016 Indonesia plans to start installing tanks for its strategic petroleum reserves (SPR) and filling them this year with the goal of covering 30 days worth of emergency stocks eventually, the energy minister says.
Spokesman: Production at Libya's Sarir Oilfield to Remain Suspended
Wednesday, July 20, 2016 Production at the Sarir oilfield in eastern Libya will remain suspended despite the reopening of the Hariga export terminal following a pay dispute, according to an AGOCO spokesman.
US, Enbridge Reach $177M Settlement after 2010 Oil Spills
Wednesday, July 20, 2016 The US DOJ, EPA and US units of Enbridge reach a settlement under which the pipeline company will pay $177 million after a 2010 oil spill that released crude oil in Michigan and Illinois, Enbridge says.
Australia's PM Names Josh Frydenberg as Minister for Environment and Energy
Tuesday, July 19, 2016 Australia's Prime Minister Malcolm Turnbull, fresh from a narrow general election victory, appoints Josh Frydenberg as Minister for the Environment and Energy.
Chesapeake, Tom Ward Sued by Shale Owners for Alleged Scheme
Tuesday, July 19, 2016 Chesapeake Energy, the company Aubrey McClendon built into a natural-gas giant, is sued along with his former partner by lease holders who say the pair conspired to rig bids for drilling rights during the shale boom.
Iran to Name International Oil Companies Eligible to Take Part in Tenders
Monday, July 18, 2016 Iran will issue a preliminary list of international energy companies eligible to take part in tenders to develop its oil and gas fields within the next two weeks, a senior Iranian oil official says.
Iran to Name International Oil Companies Eligible to Take Part in Tenders
Monday, July 18, 2016 Iran will issue a preliminary list of international energy firms eligible to take part in tenders to develop its oil and gas fields within the next two weeks, according to an oil official.
Brazil Has No Plans to Privatize Petrobras, CEO Says
Monday, July 18, 2016 The Brazilian government has no plans to privatize state-run oil company Petroleo Brasileiro, and is deciding whether to sell its controlling shares, according to the firm's CEO.
Trump's Expected VP: Governor Who Defied Obama's Climate Agenda
Friday, July 15, 2016 Donald Trump's selection of Indiana Gov. Mike Pence as his running mate cheers the US energy industry and dismayed green advocates, with both sides citing Pence's support for coal mining and defiance of President Obama's climate agenda.
Queensland Court Judges in Favor of Armour in Farm-out Deal with AEGP
Friday, July 15, 2016 The Supreme Court of Queensland delivers judgement in favor of Armour Energy over the farm-out agreement for the Northern Territory tenements in Australia to AEGP.
BP Estimates Liabilities of $61.6B Related to 2010 Oil Spill
Thursday, July 14, 2016 BP estimated its total pretax liabilities stemming from the 2010 Gulf of Mexico oil spill at $61.6 billion, higher than it expected last year.
Energy Companies Spend Big to Fight Colorado Ballot Initiatives
Thursday, July 14, 2016 Energy companies in Colorado are spending millions of dollars to derail a push by environmentalists to put measures on November's ballot to stifle oil and gas drilling in the state, according to a Reuters review of campaign finance records.
New UK PM Scraps Department of Energy and Climate Change
Thursday, July 14, 2016 New British Prime Minister Theresa May scraps DECC and hands energy policy responsibilities to Department of Business.
NOPSEMA Gives BP More Time for Great Australian Bight Environmental Plan
Thursday, July 14, 2016 The National Offshore Petroleum Safety and Environmental Management Authority gives BP more time to resubmit an environmental plan for exploration drilling in the Great Australian Bight off South Australia.
EU Energy Chief: Maintaining Gas Via Ukraine is Key for Nord Stream 2 Talks
Wednesday, July 13, 2016 Ensuring Ukraine remains a gas transit route is key to talks between Moscow and Brussels on the Nord Stream 2 pipeline, which would bypass Ukraine and give Russia another direct supply route to Europe, the European Union's top energy official says.
OGA Awards Contracts for UK Government Funded Seismic Campaign
Wednesday, July 13, 2016 The OGA awards contracts to PGS and WesternGeco for the second UK Government funded $26.5 million (GBP 20 million) seismic campaign to promote underexplored areas of UK Continental Shelf (UKCS).
Tribunal Says China Has No Historic Title Over South China Sea
Tuesday, July 12, 2016 Judges at an arbitration tribunal in The Hague rejects China's claims to economic rights across large swathes of the South China Sea.
Kuwait Studying Privatization Of Oil Services Sector
Tuesday, July 12, 2016 Kuwait is mulling the privatization of its oil services sector, although any such plans would not include the Gulf Arab state's production capability.
The Great Debate: Who Should Regulate Fracking?
Tuesday, July 12, 2016 New rulings in favor of leaving fracking regulations mandated at the state level spurs conversations of who is best suited to regulate: the state or federal government.
US Senate Votes to Hammer Out Deal with House on Energy Measure
Tuesday, July 12, 2016 The US Senate votes to work on a compromise with the House of Representatives on what could become the broadest energy legislation passed by Congress in nearly a decade.
ValueAct Pays $11M to Settle US Stock Purchase Probe
Tuesday, July 12, 2016 ValueAct Capital, which manages some $16 billion in assets, agrees to pay $11 million to settle allegations that it bought large amounts of stock without notifying US authorities, the Justice Department says.
Reopening Libya Oil Ports Is Newly Unified NOC's 'Top' Priority
Monday, July 11, 2016 Libya's state crude producer is seeking to reopen oil ports and restore crude output as the fractured OPEC nation struggles to reunite after five years of civil strife, according to its chairman.
PETRONAS Reaches Deal with SapuraKencana, Petrofac for Berantai
Monday, July 11, 2016 PETRONAS reaches deal with SapuraKencana and Petrofac for the cessation of the Berantai Risk Service Contract located offshore Terangganu, Malaysia.
Alberta Unveils Two New Energy Royalty Programs to Encourage Output
Monday, July 11, 2016 The Canadian province of Alberta introduces two new oil and gas royalty programs, the latest step in an overhaul of the fees producers pay to the government to exploit hydrocarbon reserves.
Venezuela's Energy Woes Spread to Its Closest Ally: Cuba
Friday, July 08, 2016
Pantheon: Fracking Permission for VOS#1 Granted
Friday, July 08, 2016 Pantheon Resources plc announces that permission has been granted to conduct fracture stimulation and testing activities at the VOS#1 well in Tyler County, onshore East Texas.
SPR Welcomes PNG's Stance on Unconventional Hydrocarbons Development
Friday, July 08, 2016 South Pacific Resources welcomes Papua New Guinea Minister for Petroleum and Energy's comments on the development of unconventional hydrocarbons in the country.
Brazil Committee Votes to End Exclusive Petrobras Subsalt Rights
Thursday, July 07, 2016 A bill to allow companies other than Petrobras to run new oil and gas projects in Brazil's prolific subsalt region advances.
Iran Says Fire At Bu Ali Sina Petrochemical Complex Contained
Thursday, July 07, 2016 A fire that broke out at Iran's Bu Ali Sina petrochemical refinery complex has been contained, says the Iranian oil ministry.
AAG Energy Achieves Production Milestones at China's CBM Concessions
Thursday, July 07, 2016 AAG Energy achieves production milestones at Panzhuang and Mabi coal bed methane concessions in China's Shanxi Province.
Spokesman: Libya's Oil Guards Back NOC, Preparing To Reopen Fields
Thursday, July 07, 2016 Libya's oil guard brigades, who control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working with the unity government's state oil company and preparing to reopen shuttered fields to pump crude again, a spokesman says.
Malaysia's TTHE Receives Winding-up Petitions Over Work on FPSO Layang
Thursday, July 07, 2016 Malaysia's TH Heavy Engineering receives winding-up petitions from two companies over work on a floating production facility to be deployed in the Layang field offshore Sarawak.
API: Proposed PHMSA Rules Overpromise Benefits, Underestimate Costs
Thursday, July 07, 2016 Proposed pipeline regulations will be more costly and yield less benefit than estimated, according to API.
Shell Takes Sacked UK Workers Overseas Service Tax Breaks
Thursday, July 07, 2016 Shell has changed its redundancy terms so it can claim tax refunds that some UK workers would otherwise have been able to claim on redundancy payments, internal documents seen by Reuters show.
Shell Nigeria Lifts Force Majeure on Bonny Light Exports
Thursday, July 07, 2016 Shell's Nigerian division lifts a force majeure on exports of Bonny Light crude oil, the latest sign that Nigeria's oil production is recovering after being hit by militant attacks in its oil-rich delta region.
Trade Union Says UK Oil, Gas Workforce Plan Comes up Short
Thursday, July 07, 2016 The Unite union attacks the UK government's Oil and Gas Workforce Plan as 'woefully inadequate.'
US Finalizes Arctic Energy Development Regulation
Thursday, July 07, 2016 The US Department of Interior unveils its final regulations on drilling in the US Arctic Outer Continental Shelf to boost safety and environmental protection.
Fracking Foes Take Protest to Regulator's Front Door
Thursday, July 07, 2016 Tony Clark was wrapping up dinner with his family when the doorbell rang. He didnít need to answer. He already knew who it was. Anti- fracking activists had followed him home.
Brazil 2017 Subsalt Oil Rights Sale To Unlock Stalled Fields
Wednesday, July 06, 2016 Brazil says it will sell 4 areas in its prolific subsalt region by mid-2017 to speed up development of offshore oil and gas discoveries.
Canadian PM Reiterates Opposition To Enbridge Pipeline Route
Wednesday, July 06, 2016 Canadian Prime Minister Justin Trudeau reiterates his opposition to the route of Enbridge Inc's Northern Gateway oil pipeline.
Russia Said to Mull Oil Tax Revamp to Remove Neighbors' Benefits
Wednesday, July 06, 2016 Russia is considering shifting the burden of oil taxes from the point of export to the point of extraction, a move that would eliminate the benefit of duty-free supplies enjoyed by neighboring Belarus and Kazakhstan.
NPD Grants Wintershall Drilling Permit Offshore Norway
Wednesday, July 06, 2016 The Norwegian Petroleum Directorate grants Wintershall Norge AS a drilling permit for well 35/11-20 A, located in production license 248 F offshore Norway.
Malaysia's Reach Energy Closes in on Acquisition of Kazakh Onshore Block
Tuesday, July 05, 2016 Kazakhstan's Ministry of Energy approves MIE Holding's transfer of a 60 percent stake in Palaeontal B.V. to Malaysia's Reach Energy, with the latter edging closer to acquiring its first upstream asset.
New Rival Seen In Mediterranean Gas Race 'Before It's Too Late'
Tuesday, July 05, 2016 Lebanon may soon approve measures to push ahead with a stalled first auction of offshore oil and natural gas rights, ending years of political wrangling as it tries to catch up in a regional race to tap energy wealth in the eastern Mediterranean.
Reliance Gets Approval to Drill 8 Exploration Wells Off India's Tamil Nadu
Tuesday, July 05, 2016 Reliance Industries receives approval to drill 8 exploration wells in Block DY-III-D5 offshore Tamil Nadu, India.
Egypt Reduces Arrears Owed To Foreign Oil Companies To $3.4B
Monday, July 04, 2016 Egypt reduces the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier.
Norway Oil Workers Agree Wage Deal, Avoid Strike
Saturday, July 02, 2016 Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike that would have cut the output from western Europe's top oil and gas producer by about 6%.
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