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News Topics: Govt & Regulatory

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China, Vietnam Pledge to 'Address and Control' Maritime Disputes
Friday, October 17, 2014 China and Vietnam have agreed to "address and control" maritime disputes, state media says.

BSO Gets Extension for Permit Vic/P41 Work Program in Gippsland Basin
Friday, October 17, 2014 Bass Strait Oil receives a six month extension to its work program for permit Vic/P41 in the Gippsland Basin, offshore Victoria, Australia.

Tanzania To Pick Winners Of Oil, Gas Bids Before Year-End
Friday, October 17, 2014 Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator says.

China's NDRC Approves RH Petrogas' Oil Development Plan for Fuyu Block
Friday, October 17, 2014 The National Development and Reform Commission approves RH Petrogas's plan to develop Fuyu 1 Block in Songliao Basin, Jilin province, China.

East Africa Neighbors Close To Picking Consultant For Oil Export Pipeline
Thursday, October 16, 2014 Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump oil to the coast for export, according to officials.



BOEM to Offer 44 Million Acres Offshore GOM
Thursday, October 16, 2014 BOEM Acting Director Walter Cruickshank announces the bureau will offer nearly 44 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development.

ExxonMobil Votes With Feet To Stay In EU As Energy Laws Loom
Thursday, October 16, 2014 ExxonMobil is pouring $1 billion into an EU refinery, setting aside concerns about EU green energy rules that will cut demand for oil.

Taiwan Considers Permanent Armed Ships for Disputed South China Sea Island
Thursday, October 16, 2014 Taiwan is considering stationing armed vessels permanently on a disputed South China Sea island, officials say.

Colorado Political Candidates: Energy Vital to Colorado's Economy
Wednesday, October 15, 2014 Colorado political candidates meet to discuss the future of energy production in the state, and its role in the state's economy.

S. Africa's Zuma Outlines Ambitious Oil Exploration Plans
Wednesday, October 15, 2014 South African President Jacob Zuma outlines ambitious plans for oil and gas exploration in coastal waters.

Conoco Files For ICC Arbitration Against Venezuela's PDVSA
Friday, October 10, 2014 ConocoPhillips files for arbitration at the International Chamber of Commerce against PDVSA for compensation related to the termination of its partnership contract after the nationalization of oil projects.

Industry, US Coast Guard Focus on Safety While Performing Core Functions
Friday, October 10, 2014 As the industry strives to improve safety during drilling operations, the US Coast Guard seeks to provide regulatory coverage without slowing the production process.

Uganda to auction new oil blocks by December
Friday, October 10, 2014 Uganda will auction new oil exploration acreage by December and compensate land owners at the site of a planned crude oil refinery, a government official says.

Venezuela Says To Pay Less Than $1B To Exxon Over Nationalization
Friday, October 10, 2014 Venezuela will end up paying less than $1 billion to ExxonMobil for oil assets nationalized in 2007, after this week's World Bank tribunal award, the Venezuelan government says.

Venezuela Ordered To Pay Exxon $1.6B For Nationalization
Thursday, October 09, 2014 A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil around $1.6 billion to compensate for a 2007 nationalization.

Argentine Senate OKs Energy Bill Aimed At Luring Shale Investors
Thursday, October 09, 2014 Argentina's Senate approves a bill aimed at increasing incentives to lure the foreign investors needed to develop its vast shale reserves and erase the country's costly energy deficit.

Iran Aims For Tempting New Oil Contracts Soon
Wednesday, October 08, 2014 Iran's new development contracts will be finalized soon and presented to the cabinet for approval, its oil minister says.

Government Approves EIA for the Arrow Bowen Pipeline in Australia
Wednesday, October 08, 2014 Arrow Energy welcomes the federal government approval of the environmental impact assessment for the Arrow Bowen Pipeline in Australia.

Mozambique to Seek Bids for 15 Exploration Blocks in Fifth Licensing Round
Wednesday, October 08, 2014 Mozambique will make a formal announcement later this month to invite bids for the exploration of 15 onshore and offshore blocks in the country's Fifth Licensing Round.

Petronas Upbeat on BC Government's Stance on Pacific Northwest LNG Project
Wednesday, October 08, 2014 Petronas is encouraged by the commitment of the British Columbia government regarding the Pacific Northwest LNG project in Canada.

Govt: Norway's New Oil Developments Suffer Cost Blowouts
Wednesday, October 08, 2014 Several key oil and gas developments in Norway will cost much more than earlier expected and fields with approved development plans are now seen 10% more expensive than originally planned.

Cyprus President Suspends Peace Talks
Tuesday, October 07, 2014 Cyprus' president suspends talks on reunifying the ethnically divided island in response to Turkish plans to search for oil and gas in waters.

EU Policy Makers Propose Scrapping Mandatory Tar Sands Label
Tuesday, October 07, 2014 The European Commission proposes to scrap a mandatory requirement to labour tar sands as highly-polluting, which could enable Canada to ship crude from tar sands to Europe.

BG Group Says Received $350M from Egypt for Gas Debt
Monday, October 06, 2014 BG Group receives $350 million from the Egyptian government following a commitment by Cairo to repay outstanding debts.

Faroe Wins Irish Licensing Options
Monday, October 06, 2014 Faroe Petroleum wins three licensing options from the Irish government covering a shallow water area off the southern coast of Ireland in the Celtic Sea.

Colombia's Oil Sector Rejects Proposed Tax Reform
Monday, October 06, 2014 Colombia's oil sector rejects a proposed tax reform that the government has presented to Congress.

US Agency Queries Energy Firms Ahead Of Export Rulings
Monday, October 06, 2014 The US government asks energy companies to fill out a one-page questionnaire about their plans to export oil.

Queensland Government Seeks Bids to Explore 2 Blocks in Bowen Basin
Friday, October 03, 2014 The Queensland state government issues a tender inviting firms to explore for petroleum and gas resources in the Bowen Basin of central and south-west Queensland, Australia.

Oil, Gas Companies Bid for Drilling Rights Under the Ohio River
Thursday, October 02, 2014 Initial bids from oil and gas companies wishing to drill under the Ohio River arrive in West Virginia.

KrisEnergy Formally Takes Over as Operator of Cambodia's Offshore Block A
Thursday, October 02, 2014 KrisEnergy receives official approval to take over as operator of offshore Block A in Cambodia and plans to submit a revised development plan soon.

Oil Ministry: Egypt Pays $1.5B To Foreign Energy Companies
Thursday, October 02, 2014 Egypt pays $1.5 billion of its debt to foreign energy companies, the oil ministry says.

Maze Of Federal Oversight Impedes North Dakota's Anti-Flaring Push
Wednesday, October 01, 2014 North Dakota's oil producers will struggle to comply with aggressive rules taking effect designed to curb the wasteful burning of natural gas, hindered by lengthy federal reviews of crucial pipelines.

Republicans Craft 2015 Plan To Force Obama's Hand On Keystone
Wednesday, October 01, 2014 Republicans plan to put approval of the Keystone XL pipeline on a fast track if they win a US Senate majority in November, forcing President Obama to make a tough call on the controversial plan.

Algeria Awards 4 Out Of 31 Oil, Gas Blocks On Offer
Tuesday, September 30, 2014 Algeria awards four of 31 oil and gas field blocks on offer to foreign consortiums in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production.

Oil, Rail Industries Want 7 Years To Fix Tank Cars
Tuesday, September 30, 2014 The oil and railroad industries are urging US regulators to allow them as long as 7 years to retrofit existing tank cars that transport crude oil, an industry official says.

US FERC Approves Dominion's Cove Point LNG Export Facility
Tuesday, September 30, 2014 US federal regulators approve construction of Dominion Resources' liquefied natural gas export project in Cove Point, Maryland.

Merkel Says May Be Necessary To Rethink EU Energy Partnership With Russia
Monday, September 29, 2014 German Chancellor Angela Merkel says there were good reasons to continue EU's energy partnership with Russia for the time being but that might change.

Swala Energy Refers Dispute with CEPSA Over Block 12B to Arbitration
Monday, September 29, 2014 Swala Energy refers to arbitration a dispute with CEPSA Kenya Ltd. in connection with the latter's withdrawal from Block 12B in Kenya.

Coming Change in UK Drilling Laws a Benefit to Oil, Gas Producers
Friday, September 26, 2014 A likely change in fracking laws could save producers money and speed-up the extraction process.

Indonesia Likely to Decide on Mahakam PSC Extension Next Year
Thursday, September 25, 2014 Indonesia is expected to make a decision on the extension of Mahakam production sharing contract offshore East Kalimantan next year, a Pertamina official says.

US Oil Industry Group API Issues Guidelines For Crude By Rail
Thursday, September 25, 2014 The API issues guidelines for moving crude oil by rail, the latest response to a string of fiery derailments in the United States and Canada that has raised calls for reform.

US Judge Rejects BP Bid To Recoup Some Payments Made For Spill
Wednesday, September 24, 2014 BP cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, a US judge rules.

Canadian PM Says US Will Approve Keystone XL Pipeline Eventually
Wednesday, September 24, 2014 Logic dictates that the US will one day approve the northern leg of TransCanada's controversial Keystone XL crude oil pipeline, Canadian Prime Minister Stephen Harper tells an audience.

Indonesia's Widodo Unveils Energy Action Plan, to Halt Petral Oil Trading
Tuesday, September 23, 2014 Indonesian president-elect Joko Widodo plans to halt operations at Pertamina's energy trading unit Petral to allow for an audit of its operations as part of efforts to fight alleged fuel smuggling and corruption, a senior adviser to Widodo says.

Australia Energy Industry Blueprint Sees Large Scale Deregulation
Tuesday, September 23, 2014 Australia says it wants to dramatically deregulate its energy industry, boost domestic gas supply and cut renewable energy subsidies as it prepares to ramp up exports of liquefied natural gas.

Minister: Asian Firms To Replace Western Energy Majors If They Leave Russia
Monday, September 22, 2014 Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.

Greece Ratifies Energean's Licenses for Ioannina, Katakolon Blocks
Monday, September 22, 2014 The Greek Parliament ratifies license agreements for Energean to explore and produce from the Ioannina and Katakolon blocks in western Greece.

Key Oil, Gas Figures Welcome Scotland's 'No' Vote
Friday, September 19, 2014 Scottish oil services tycoon Sir Ian Wood and Shell CEO Ben van Beurden welcome Scotland's vote against independence.

Chevron Meets New, Voluntary Shale Drilling Rules
Thursday, September 18, 2014 Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia.

Range Resources To Pay $4M Drilling Waste Fine
Thursday, September 18, 2014 Range Resources has agrees to pay a $4.15 million fine for problems at a western Pennsylvania site that handled natural gas drilling waste.

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