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News Topics: Govt & Regulatory

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Hibiscus Clears Australian FIRB's Hurdle to Take 25% Stake in Kitan Field
Friday, August 22, 2014 Hibiscus Petroleum moves nearer to completing its acquisition of a 25 percent stake in Kitan oil field after Australia's Foreign Investment Review Board raised no objections.

Mexico Launches Special Police Force To Guard Economic Activity
Friday, August 22, 2014 Mexico launches a scaled-back version of a new police force President Enrique Pena Nieto had vowed to create while on the campaign trail to safeguard businesses against rampant organized crime.

US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports
Friday, August 22, 2014 The US has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from the US shale boom.

Bolivia Says Has Deal To Pay Pan American For 2009 Expropriation
Thursday, August 21, 2014 Pan American Energy agrees to accept less than 30% of the $1.49B it demanded from Bolivia as compensation for the 2009 nationalization of a subsidiary, the Andean nation's state attorney general says.

North Sea Reserves Debate Heats Up Ahead of Scottish Vote
Thursday, August 21, 2014 Sir Ian Wood disputes Scottish government's North Sea reserves estimates while business group N-56 questions UK Office of Budget Responsibility's oil and gas revenue figures.



Lobby Group: Norway's Politics Threatens Oil Competitiveness
Wednesday, August 20, 2014 High taxes and 'political meddling' in oil and gas projects threatens the competitiveness of Norway's offshore energy sector, says the Norwegian Oil and Gas Association.

Alaska Oil Tax Supporters Fending Off Repeal Efforts
Wednesday, August 20, 2014 Alaska voters look on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP and ExxonMobil.

Acting Libya Oil Minister To Be Replaced By NOC Chairman
Wednesday, August 20, 2014 Libya's acting oil minister Omar Shakmak will resign and be replaced by the chairman of the state oil firm NOC, Mustafa Sanallah.

Lower Tertiary Trend Remains Focus of Western Gulf Bidding
Wednesday, August 20, 2014 Operators focus bidding on Lower Tertiary and US-Mexico transboundary tracts in BOEM's Western Gulf of Mexico Lease Sale 238.

IPB-CalEnergy JV Gets Extension for Permit WA-424-P Work Program in WA
Tuesday, August 19, 2014 IPB Petroleum receives extension to the primary term work program for permit WA-424-P in the Browse Basin, offshore north west Australia.

Lithuania Fires Energy Minister, Risks Upsetting Poland
Tuesday, August 19, 2014 Lithuania's President Dalia Grybauskaite sacks her ethnic Polish energy minister in a row that could affect talks with Poland over the future of the Baltic state's only oil refinery.

Norway To Award Oil Licenses In New Offshore Areas In 2016
Tuesday, August 19, 2014 Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, the oil and energy ministry says.

Aquino Says Chinese Survey Ships Seen In Philippine Waters
Monday, August 18, 2014 Philippine President Benigno Aquino says two Chinese survey vessels have been sighted in a gas-rich area of its exclusive economic zone.

Thailand Aims to Liberalise Gas Pipeline Business by Mid-2015
Friday, August 15, 2014 Thai government plans to liberalize the country's gas pipeline business by the middle of 2015.

NWS Government Fails to Give Evidence for Suspending Rosella Drilling
Friday, August 15, 2014 The New South Wales (NSW) government fails to give the court evidence on its decision to suspend drilling of the Rosella exploration well in PEL 16 in NSW, Australia.

Colorado Fracking Task Force Faces Big Task, Mixed Reception
Thursday, August 14, 2014 Colorado Gov. Hickenlooper's task force seeks to allay energy industry concerns while protecting the environment.

CNPC Asks Chad to Drop $1.2B Claim Over Oil Dumping
Thursday, August 14, 2014 China National Petroleum Corporation denies breaking environmental rules in Chad's oil sector and called on the government to cancel its $1.2 billion claim filed before an arbitration court in Paris.

Russian Oil Giant Seeks Funds Earmarked For Pensions
Thursday, August 14, 2014 Rosneft is seeking a $42 billion loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed over Moscow's role in Ukraine.

US Energy Dept Finalizes Overhaul Of Natural Gas Export Reviews
Thursday, August 14, 2014 The US Energy Department finalizes a plan to revamp its process for approving LNG exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.

Ukrainian Parliament Backs Bill To Open Gas Pipelines To EU, US Firms
Thursday, August 14, 2014 Ukraine approves a law to allow gas transit facilities to be leased on a joint venture basis with participation of firms from the EU and the US.

EU Regulators Say Germany, Others In Breach Of Energy Law
Wednesday, August 13, 2014 EU regulators begin legal proceedings against 24 member states, including Germany, for failing to enforce a law on energy efficiency, the European Commission says.

Liberia Looks Ahead With New Oil Bid Round
Wednesday, August 13, 2014 Liberia is inviting international companies to bid for offshore oil production licenses as it grapples with an Ebola fever outbreak.

Mexico Hopes To Lure $50.5B In Historic Oil Tender
Wednesday, August 13, 2014 Mexico energy regulator says it will assign oil and gas E&P contracts to foreign and private companies between next May and September under a major sector overhaul.

Spain Clears Repsol To Start Drilling Off Canary Islands
Wednesday, August 13, 2014 The Spanish government gives Repsol the green light to begin a $7-billion oil exploration project off the Canary Islands.

Alaska's New Oil Tax Faces Repeal Vote During State Primary
Tuesday, August 12, 2014 Alaskans will vote on Aug. 19 to repeal or uphold a new law that cut taxes on oil production.

BSEE: Better Standards Needed to Address Bolt, Connector Performance
Tuesday, August 12, 2014 Existing industry standards to not adequately address bolting/connector performance in subsea marine applications, according to the findings of a recent BSEE report.

Inpex Receives Environmental Permit for Abadi LNG Project in Masela Block
Tuesday, August 12, 2014 Inpex receives environmental permit from the government for the Abadi liquefied natural gas project in the Masela Block, Arafura Sea, Indonesia.

Surveys Give Mixed Picture of Support for UK Shale Gas
Tuesday, August 12, 2014 Two surveys released this week give a mixed picture of the UK public's attitude to the development of a shale gas industry in the country.

Mexican President Signs Landmark Energy Legislation Into Law
Monday, August 11, 2014 President Enrique Pena Nieto signs a package of laws setting out the fine print of a landmark energy reform.

Genel Says Kurdish Fields 'Remain Safe and Secure'
Friday, August 08, 2014 Genel Energy reports that its Taq Taq and Tawke fields in Iraqi Kurdistan "remain safe and secure" amid fighting between Islamic State and Peshmerga forces in Kurdish territory.

Gabon Signs Offshore Oil Contracts With Six Companies
Friday, August 08, 2014 Gabon's oil ministry signs seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1B in investment to the sector.

CRED: Colorado Initiatives Not the Way to Settle Fracking Debate
Friday, August 08, 2014 Cooler heads prevail as Colorado fracking opponents agree to work together, according to CRED.

Thai PTTEP Signs Deal for Myanmar Onshore Block Exploration Rights
Friday, August 08, 2014 Thailand's PTTEP signs a production sharing contract for onshore exploration and production rights over the MOGE 3 Block, Myanmar.

Industry Insiders: What's Next for Mexico's Reformed Energy Sector
Friday, August 08, 2014 The opening Mexico's energy sector to investment is a positive step. But will its implementation of reform be enough to attractive the investment it wants?

China Finds Shale Gas Challenging, Halves 2020 Output Target
Thursday, August 07, 2014 China halves the quantum of shale gas it expects to produce by 2020 after early exploration efforts to unlock the unconventional fuel proved challenging.

Mexico Senate Approves Final Bill To Open Energy Sector
Thursday, August 07, 2014 Mexican lawmakers give final approval to an overhaul of the state-run energy sector aimed at luring billions of dollars in new investments by foreign and private oil companies.

Seismic Program About to Start Offshore SW Ireland
Thursday, August 07, 2014 Providence Resources announces seismic survey off the southwest coast of Ireland.

Kazakhstan Creates Giant Energy Ministry As Economy Falters
Wednesday, August 06, 2014 Kazakhstan's President Nursultan Nazarbayev appoints Vladimir Shkolnik, the head of national uranium company Kazatomprom, as head of a reorganized energy ministry.

Range Resources Faces Fine Over Pennsylvania Fracking Wastewater Leak
Wednesday, August 06, 2014 Range Resources did not properly monitor leaks from a wastewater containment pond in Pennsylvania and the state has begun enforcement action that could lead to a fine, state officials say.

Bosnian Region Seeks Consultants Again To Advise On Oil, Gas
Tuesday, August 05, 2014 Bosnia's autonomous Bosniak-Croat Federation issues a new tender seeking consultants to help with the process of awarding an oil and gas exploration and production concession to Shell.

Colorado Democrats Avoid Fracking Fight
Tuesday, August 05, 2014 Colorado Democrats avoid a politically costly fight over drilling after a quid pro quo deal pitched by the state's fracking-friendly governor prompts groups to drop their dueling ballot proposals.

Cadogan: Ukraine Tax Changes to have 'No Material Effect' on Operations
Tuesday, August 05, 2014 Cadogan Petroleum says recent tax changes in Ukraine should have no material effect on its financial position, operations or work program in the country.

Bidding in Reformed Mexico Energy Sector Could Move Ahead of Schedule
Tuesday, August 05, 2014 Mexico's progress on developing secondary legislation that will shape reform of Mexico's energy sector is moving more quickly than expected, and could be ready by midweek, an analyst tells Rigzone.

Mexico Congress Gives Final Approval To Core Of Energy Reform
Tuesday, August 05, 2014 Mexico's Senate gives final approval to the backbone of a landmark energy reform as the government prepares to lure investment by major oil companies to stem the country's declining oil production.

US To Press South China Sea Freeze Despite China Rejection
Tuesday, August 05, 2014 US Secretary of State John Kerry will press for a voluntary freeze on actions aggravating territorial disputes in the South China Sea, in spite of Beijing's rejection of the idea.

Kemp: EU Energy Restrictions on Russia Mostly Theatre
Monday, August 04, 2014 EU sanctions on Russia's oil sector will not seriously hamper the development of new oil resources in either the short or the long term, though they leave open the possibility of further escalation if relations with Russia deteriorate in future.

Colorado Governor Aims To Strike Deal On Fracking
Monday, August 04, 2014 Colorado's Democratic governor urges those pushing dueling proposals on oil and gas drilling to stop their campaigns to avoid a messy ballot fight.

CEO: Russia Sanctions Leave Austria's OMV Untouched
Monday, August 04, 2014 European sanctions imposed on Russia for its role in Ukraine's political crisis have had no impact on Austrian energy group OMV, Chief Executive Gerhard Roiss says.

African Leaders Want US Trade Deal Renewed For 15 More Years
Monday, August 04, 2014 African leaders urge the US to renew a trade benefits program giving duty-free access to billions of dollars of African exports for 15 years.

India's DGH Refuses to Approve 3 ONGC's Gas Finds in Bay of Bengal
Monday, August 04, 2014 India's Directorate General of Hydrocarbons refuses approval of ONGC's three gas finds in KG-D5 block in the Bay of Bengal, India.

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