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Australian Explorer Looking At Grounds For Lawsuit Over Fracking Ban
Wednesday, August 31, 2016 Lakes Oil, a junior oil and gas explorer in Australia, is considering the grounds it may have for suing Victoria state, after the government there permanently banned fracking and extended a ban on onshore conventional gas drilling to 2020.
Falih: Saudi Arabia Doesn't Target Specific Level Of Oil Output
Wednesday, August 31, 2016 Saudi Arabian Energy Minister Khalid al-Falih says the top crude exporter does not target a specific figure for its oil production.
Impact of Regulations, Technology on Drone Use in Oil, Gas
Tuesday, August 30, 2016 Industry experts discuss potential challenges to the expanded use of drones in upstream oil and gas operations.
Australian State To Permanently Ban Onshore Gas Fracking
Tuesday, August 30, 2016 The state of Victoria plans to ban shale and coal seam gas fracking in what would be Australia's first permanent ban on unconventional gas drilling, citing the concerns of farmers and potential health and environment risks.
Colorado's Anti-Fracking Measures Fail To Qualify For Ballot
Monday, August 29, 2016 Environmental groups have failed to gather enough signatures to put two measures on Colorado's ballot in November that aimed to curb fracking and oil and gas work.
Norway Asks ENI To Prevent Future Disruptions At Arctic Field
Monday, August 29, 2016 Norwegian PSA asks ENI to present plans on how to avoid power disruptions at its Goliat oil platform in the Barents Sea.
Colorado Drillers Dodge $10 Billion-a-Year Threat to Output
Monday, August 29, 2016 Oil and gas explorers from Anadarko Petroleum to Synergy Resources have escaped a vote in Colorado that would've limited drilling and threatened to halt about $10 billion worth of production a year.
No Impact From Brexit On Norwegian Gas Exports To Britain
Friday, August 26, 2016 Exports of Norwegian gas to Britain will not be affected by Britain's vote to leave the European Union, Norway's oil and energy minister told Reuters.
PDC Energy Stock Up 33% on Unlikely Niobrara/DJ Basin Proposal
Thursday, August 25, 2016 Shares in companies that operate in Colorado, such as PDC Energy and Anadarko Petroleum Corp., are benefiting from the expected failure of the setback initiative to make November ballot.
Thailand To Open Bids For Energy Concessions In March 2017
Thursday, August 25, 2016 Thailand's military government plans to open bids in March 2017 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production.
NPD Grants Statoil Lifetime Extension for Gullfaks B
Thursday, August 25, 2016 The NPD grants Statoil permission to use the B platform on the Gullfaks field in the North Sea until January 1, 2036, which corresponds to the length of the production license.
Canada May Ask Oil Firms to Pay Extra for Far-Offshore Drilling
Wednesday, August 24, 2016 Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal government memo.
Obama's Final GOM Western Area Lease Sale in Louisiana Nets $18 Million
Wednesday, August 24, 2016 Against a backdrop of historic flood damage, the first federal offshore oil and gas lease sale broadcasted on the internet delivers two dozen offers.
Cooper Energy Seeks New Buyer for Tangai-Sukananti KSO in Sumatra
Wednesday, August 24, 2016 Cooper Energy seeks buyer for its stake in the Tangai-Sukananti KSO in South Sumatra, Indonesia after the ACL-Lamara joint venture terminated the purchase transaction.
ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
Tuesday, August 23, 2016 ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.
OVL Given More Time by Vietnam to Explore Block 128 in South China Sea
Tuesday, August 23, 2016 India's ONGC Videsh (OVL) gets an extension from Vietnam to continue exploration in Block 128 in the South China Sea.
Iraq Asks Foreign Oil Companies To Increase Crude Production, Exports
Tuesday, August 23, 2016 Iraqi Oil Minister Jabar Ali al-Luaibi asks foreign oil companies to increase oil and natural gas production and exports in order to maximise the OPEC nation's revenue.
Mexico Approves Oil Auction Terms For Onshore Tender In 2017
Tuesday, August 23, 2016 Mexico's oil regulator approves auction terms and contracts for a dozen onshore oil and gas fields.
NPD Launches Tender Competition to Increase Production Influence
Tuesday, August 23, 2016 The NPD launches a tender competition in a bid to become a bigger driving force in the development of discoveries and improved recovery measures from producing fields.
Iraq's New Oil Minister Sticks By Demand to Review Foreign Contracts
Monday, August 22, 2016 Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister says, standing by a demand made by his predecessor.
BP to Drill Fewer Wells in Revised Great Australian Bight Environment Plan
Monday, August 22, 2016 BP reduces the number of wells it plans to drill in its revised environmental plan for the Great Australian Bight project offshore Southern Australia.
Ghana's Mahama Says Dispute With Ivory Coast Affected Oil Development
Friday, August 19, 2016 Ghana's President John Mahama says a maritime boundary dispute with Ivory Coast had affected the development of the new TEN oil field.
Texas Railroad Commission Overhaul in the Works
Friday, August 19, 2016 Commissioner Christi Craddick and industry interest groups work on new initiatives before Texas Legislature convenes.
Statoil Submits Development Plan for North Sea Byrding Discovery
Friday, August 19, 2016 Statoil submits a plan for the development and operation of the Byrding oil and gas discovery in the North Sea to government authorities.
BLOG: Prolonged Industry Slump Causes Ripple Effects in Singapore
Wednesday, August 17, 2016 The ripple effects unleashed by the two year-long downturn in global oil prices have hurt not only the profitability of Singapore's offshore sector, but their financial backers too.
Iran Says New Oil Contracts Need More Amendments
Tuesday, August 16, 2016 Iran's new oil and gas contracts will need amendments, its oil minister said after a meeting with the speaker of parliament.
OGA Awards More Cash in Final Stage of Exploration Competition
Monday, August 15, 2016 OGA awards more than $250,000 in the final stage of its exploration license competition, which was launched in March to stimulate further interest in UKCS exploration.
COLUMN: May's Government Must Ensure Fracking Stays Safe in the UK
Monday, August 15, 2016 Proposed cash payments to families located near fracking sites could kick-start the burgeoning UK shale gas industry, but the government must ensure that the activity remains very closely monitored.
Only Special Russian Decree Could Bar Rosneft From Bashneft Sale
Monday, August 15, 2016 Russia's Economy Ministry advises Prime Minister Dmitry Medvedev he would have to issue a special decree if he wants to bar Rosneft from the privatization of a mid-sized energy group.
In Third Bid to Lead Mexico, Fiery Leftist Puts Oil Feform in Crosshairs
Friday, August 12, 2016 A firebrand leftist who twice narrowly missed becoming Mexico's president is riding high with a fresh bid for election in 2018, vowing to upend a landmark energy sector opening championed by President Enrique Pena Nieto.
Poland's PGNiG: Buy-Back Is Not Offered To Particular Shareholder
Friday, August 12, 2016 PGNiG decides on a share buy-back as it wants to allocate the free cash it generates but says the offer is not directed to any particular shareholder.
Swiber Mulls Legal Action Against Londoon-based Private Equity Firm AMTC
Friday, August 12, 2016 The interim judicial managers of Singapore's Swiber Holdings says the company is considering legal action against London-based private equity firm AMTC for breaching a preference share subscription deal.
Pertamina Approves Andalas' TOE Proof of Concept Work Program in Sumatra
Thursday, August 11, 2016 Indonesia's PT Pertamina approves the Tuba Obi East (TOE) proof of concept work program in South Sumatra submitted by Andalas Energy and Power.
APPEA Warns Expansion of WA Gas Reservation Policy Would Destroy Jobs
Thursday, August 11, 2016 The Australian Petroleum Production and Exploration Association (APPEA) says expansion of Western Australia's gas reservation policy would destroy jobs and investments, undermine state's finances and reduce gas volume for local use.
NPD Processing Development Plan for Utgard Discovery
Thursday, August 11, 2016 The Norwegian Petroleum Directorate is processing the development plan for the Utgard discovery in the North Sea, after receiving the plan for development and operation Aug. 9.
With Gas Policy Set, Israel Opens Waters For New Exploration
Wednesday, August 10, 2016 Israel is preparing to tender 24 offshore exploration blocks as it looks to bolster its oil and gas industry after a four-year lull sparked by regulatory uncertainty and stock-price volatility.
Court Orders Payment Freeze on Swiber's Bank Guarantee for Indian Projects
Wednesday, August 10, 2016 An Indian court grants an interim order to freeze payment on bank guarantees posted by Singapore's financially troubled Swiber Holdings for its projects offshore India.
Mitra Energy to Acquire 30% Stake in Vietnam Blocks in 'Positive' Move
Wednesday, August 10, 2016 Mitra Energy will acquire a 30% working interest in blocks 05-1B and 05-1C offshore the socialist republic of Vietnam for a total cash consideration of $14.3 million.
OGA to Become Independent Regulator in October
Wednesday, August 10, 2016 The OGA will be established as an independent regulator by the UK Government as of October 1, receiving new powers in the process.
BLOG: You Want a Revolution? Trump Makes Big Promises to Oil, Gas Industry
Tuesday, August 09, 2016 GOP presidential nominee Donald Trump pledges to freeze new regulations upon taking office, lead an "energy revolution" in the US.
NPD Grants Wintershall Drilling Permit Offshore Norway
Tuesday, August 09, 2016 The Norwegian Petroleum Directorate grants Wintershall Norge AS a drilling permit for well 35/11-20 B, located in production license 248 F.
Can Trump Stage a Comeback for Keystone?
Monday, August 08, 2016 Donald Trump campaign suggests that if elected president, he would ask TransCanada to try again on the Keystone XL pipeline.
Industry Welcomes May's Shale Wealth Plans
Monday, August 08, 2016 Trade body for the onshore oil and gas industry UKOOG welcomes the UK Prime Minister's decision to share out profits from fracking with residents of host areas.
UK PM: Households to Receive Share in Fracking Wealth
Sunday, August 07, 2016 UK Prime Minister Theresa May seeks to overcome local opposition to fracking by insisting monies from the Shale Wealth Fund go directly to households in areas where the activity occurs.
Tribunal Orders Lemang PSC Operator Hexindo to Pay $13M in Damages to SPE
Friday, August 05, 2016 Indonesia's Hexindo, operator of the Lemang Block in Sumatra, has been ordered by an arbitration tribunal to pay $13 million in damages to Super Power Enterprises Group.
Mexico Anti-Corruption Law to Impact Oil, Gas Hiring Practices
Friday, August 05, 2016 Oil and gas companies operating in Mexico must prepare to meet new standards laid out in recent anti-corruption legislation.
Sterling Secures 2 Year Odewayne PSA Extension
Friday, August 05, 2016 Sterling Energy plc announces that the Government of the Republic of Somaliland has granted a further 2 year extension to the current period of the Odewayne Production Sharing Agreement.
UIL to Complete Acquisition of Eneabba's Perth Basin Permit Interests Soon
Friday, August 05, 2016 UIL Energy expects to complete the acquisition of Eneabba Gas's Perth Basin permit interests in Western Australia soon.
KPMG Takes Role as Judicial Manager of Singapore's Swiber Holdings
Thursday, August 04, 2016 KPMG takes on role as judicial manager for Singapore's troubled offshore oil and gas construction and support services provider Swiber Holdings.
MEO Australia Gets Updated Environmental Consents for Tassie Shoal Projects
Thursday, August 04, 2016 MEO Australia receives updated environmental approvals for the Tassie Shoal Projects offshore Northern Australia.
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