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News Topics: Govt & Regulatory

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Congress Takes On Energy Issues
Friday, March 27, 2015 Federal energy policy in the US took a turn to the right last week as the House passed a budget bill, the EPA and the Department of Interior got sued, and the Senate went on a marathon voting session.

Energy Minister: Indonesia's Pertamina To Operate Mahakam Block From 2018
Friday, March 27, 2015 Indonesia's Pertamina will operate the Mahakam natural gas block offshore East Kalimantan, according to the country's energy minister.

Minister: Russia May Allow More Firms To Offshore Oil
Friday, March 27, 2015 Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak says.

Shell Moves Rigs To Alaska Ahead Of Possible Drilling Permit
Friday, March 27, 2015 Shell is moving oil rigs to Alaska ahead of the possible resumption of controversial drilling activities as the oil major awaits the green light from US authorities.

Oil Council: Shale Won't Last, Arctic Drilling Needed Now
Thursday, March 26, 2015 In order for the US to keep domestic production high and imports low, oil companies should start probing the Artic now, an Energy Department advisory council says in study.



Cue Energy Gets Approval to Farm-in for 12.5% Stake in Sumatra's Mahato PSC
Thursday, March 26, 2015 Cue Energy receives government approval for the farm-in agreement with Bukit Energy for a 12.5 percent stake in the Mahato Production Sharing Contract in Central Sumatra, Indonesia.

Cyprus Draws Norway Parallel After Latest Gas Quest Failure
Thursday, March 26, 2015 Cyprus' president sought to draw a parallel with oil-rich Norway after the latest failure in the Mediterranean island nation's quest for gas.

Mexico's First Oil Tender to Feature Extended Exploration Period
Thursday, March 26, 2015 As Mexico opens up its oil sector to private producers for the first time in decades, the initial set of contracts up for grabs later this year will feature extended exploration periods.

Genel Raises Debt to Fund Kurdistan Strategy
Thursday, March 26, 2015 Iraqi Kurdistan-focused Genel Energy completes a placing of $230 million of bonds.

Canada's New Brunswick Province Bans Fracking, Plans Study
Thursday, March 26, 2015 Lawmakers in New Brunswick voted to prohibit fracking in the eastern Canadian province, committing to study the method for one year before reconsidering the ban in 2016.

Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Wednesday, March 25, 2015 Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed.

Libya's State Oil Firm NOC Operating Independently, Says Rival Government
Tuesday, March 24, 2015 Libya's state oil firm NOC based in the Tripoli is operating independently, says a minister of a rival government of the North African that controls the capital city.

Scotland, Australia: a Long-Held Partnership, but More to be Done
Tuesday, March 24, 2015 Neil McInnes, head of SE Asia and Australasia at Scottish Development International, gives an overview of the long partnership between Scotland and Australia, and the value it can deliver in the future.

Gulf OPEC Delegate: Global Demand To Help Oil Prices Despite US Glut
Tuesday, March 24, 2015 Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months, a senior Gulf OPEC delegate says.

Alberta To Pick New Oil Marketers By End-May After Nexen Trading Shutdown
Tuesday, March 24, 2015 The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman says.

Woodside Inks 4 PSCs for Blocks Awarded in 2013 Myanmar Offshore Bid Round
Monday, March 23, 2015 Woodside inks four production sharing contracts for blocks awarded in the 2013 Myanmar Offshore Bid Round.

Minister: India Expects to Raise $3.6B from Share Sale in Four Companies
Friday, March 20, 2015 India could raise $3.6 billion from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (NALCO), Junior Finance Minister Jayant Sinha says.

Source: China to Lend Venezuela $10B in Coming Months
Friday, March 20, 2015 China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for the development of oil fields, a senior official at PDVSA says.

DOI Issues Final Rule on Federal Fracking Standards
Friday, March 20, 2015 DOI officials say the new standards for hydraulic fracturing on federal and Indians are common sense updates, but energy industry groups and Congress members disagree.

Saudi Looking Beyond Oil Price Slump As Rig Count Spikes
Friday, March 20, 2015 As the global energy industry stares transfixed at a spectacular drop in US rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude.

Indonesian Government Tells Pertamina to Resubmit Mahakam Block Proposal
Friday, March 20, 2015 Indonesia's Ministry of Energy and Mineral Resources tells Pertamina to resubmit proposal on taking over operations at the Mahakam block offshore East Kalimantan.

Shell Completes Divesting 30% Stake in Nigeria's OML 18 to Eroton for $737M
Friday, March 20, 2015 Shell completes divesting 30 percent stake in OML 18 and related facilities in the Eastern Niger Delta, Nigeria to Eroton for $737 million.

China Indicts Former Oil Boss on Corruption Charges
Friday, March 20, 2015 The former chairman of the stated-owned parent of PetroChina, Asia's biggest oil producer, has been indicted in a spreading anti-corruption crackdown.

Wood Mac: Deepwater Gulf of Mexico to be 'Resilient' in 2015
Friday, March 20, 2015 Wood Mackenzie expects momentum from 2014, which marked the first year of production growth since 2009, to continue in 2015.

Brazil Comptroller to Probe More Contractors in Petrobras Scandal
Thursday, March 19, 2015 Brazil's Comptroller-General Office adds another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at Petrobras.

Libya's State Oil Firm Operating Independently Of Rival Governments
Thursday, March 19, 2015 Libya's National Oil Corporation (NOC) is working independently without taking orders from either of the country's rival governments, the Tripoli-based group says.

Central Gulf Sale 235 Attracts $539M in High Bids
Wednesday, March 18, 2015 Despite lower oil prices, bidding in Central Gulf Lease Sale 235 underscores "steady, continued interest" in US Gulf of Mexico leasing.

Colombia Expects 2015 Oil Income Dive; Exploration Slows
Wednesday, March 18, 2015 Colombia expects income from the oil sector to fall 60% this year because of the sharp drop in crude prices, officials say.

SBM Offshore, Brazil Comptroller Agree to Seek Leniency Deal
Wednesday, March 18, 2015 Brazil's comptroller general and SBM Offshore say they had agreed on a framework for what could be the first leniency deal in a bribery scandal linked to Petrobras.

Russian Energy Minister to Discuss Cooperation with Exxon CEO
Wednesday, March 18, 2015 Russia's Energy Minister plans to discuss energy cooperation with Exxon's CEO later on Wednesday.

Shell, Statoil, Petronas Gain Exploration Blocks in Indonesia Bid Round
Wednesday, March 18, 2015 Shell, Statoil, Petronas Carigali and Pertamina are among the successful firms in the latest bidding round for 11 oil and gas blocks in Indonesia.

Osborne Reveals Raft of Measures to Boost UK Oil Production
Wednesday, March 18, 2015 UK Chancellor George Osborne announces a raft of measures aimed at boosting oil and gas production as part of his 2015 Budget speech.

Russian Oligarch Close To Bowing To UK Pressure To Sell North Sea Fields
Tuesday, March 17, 2015 Financial Times: Russian billionaire Mikhail Fridman prepares to sell North Sea gasfields at the heart of its fierce battle in Britain.

Albania To Sell State Oil Firm, Offer Oil Blocks
Tuesday, March 17, 2015 Albania wants to try again to privatize its state oil company this year, and will soon begin offering its blocks for oil and gas exploration, Prime Minister Edi Rama says.

Canada Transport Watchdog Wants New Tank Cars In Service Earlier
Tuesday, March 17, 2015 Canada's transportation watchdog says recent fiery derailments of trains hauling crude oil means a new generation of stronger tanker wagons should be introduced ahead of schedule.

Libya's Recognized Government: Oil Sales Must Go Through NOC In East
Tuesday, March 17, 2015 Libya's internationally recognized government says that any sales of the country's oil should be arranged through a state firm based in Benghazi under its leadership to prevent fraud.

PetroChina Vice Chairman Under Investigation Amid Graft Crackdown
Tuesday, March 17, 2015 PetroChina Vice Chairman Liao Yongyuan is being investigated for "serious disciplinary violations", the company says, as an anti-corruption crackdown reaches deeper into the Chinese state-owned oil giant.

Russian Energy Minister Novak to Meet Exxon CEO on Wednesday
Tuesday, March 17, 2015 Russian Energy Minister Alexander Novak plans to meet Exxon CEO Rex Tillerson Wednesday.

Oil Exporters Amass Record U.S. Bond Holdings In Crude Price Plunge
Tuesday, March 17, 2015 The collapse in crude oil prices may have reduced revenues of oil exporters, but it has not soured their appetite for U.S. government debt.

Croatia Could Opt for Referendum on Adriatic Gas and Oil
Monday, March 16, 2015 Croatia could hold a referendum on the planned exploitation of potential gas and oil wells in the Adriatic, Prime Minister Zoran Milanovic said, responding to growing criticism from environmental groups.

Media: Former Petrobras Director Duque Arrested Again in Bribery Probe
Monday, March 16, 2015 Brazlian police arrest again a former Petrobras executive in a broad kickback and money laundering investigation.

Brazil Ruling Party's Treasurer Charged in Petrobras Scandal
Monday, March 16, 2015 Brazilian prosecutors formally charge the treasurer of the ruling Workers' Party and 26 others with corruption linked to state-run Petrobras, in the latest blow to President Dilma Rousseff from the widening scandal.

Oil & Gas UK Urges Further Tax Measures in 2015 Budget
Monday, March 16, 2015 Oil & Gas UK urges the UK Chancellor to introduce further tax measures in this week's Budget in order to boost oil and gas production on the UK Continental Shelf.

ExxonMobil CEO Says Sound Energy Policies Needed In North America
Friday, March 13, 2015 ExxonMobil CEO says sound policies are needed to continue the North American energy revolution.

Court Upholds Dismissal of Manslaughter Charges Against BP Employees
Thursday, March 12, 2015 A federal appeals court upholds a district judge's decision to drop manslaughter charges against two former BP well site managers over their roles in the 2010 Gulf of Mexico incident.

NOC: Libya's El Feel, Wafa Oilfields Working Normally
Thursday, March 12, 2015 Libya's southwestern El Feel and Wafa oilfields are working normally despite power problems, the country's state-run oil company NOC says.

Mexico Seeks Private Sector Infrastructure Investment As Oil Slump Bites
Thursday, March 12, 2015 Mexico's government urges the private sector to take a bigger role in billions of dollars worth of planned public works and the opening of the country's energy sector.

Oil Price Fall May Aid Long-Term Arctic Exploitation-Norway
Thursday, March 12, 2015 Norway's Foreign Minister Boerge Brende says fall in oil prices may help long-term exploitation of Arctic fossil fuels by averting a short-lived "gold rush" into the vulnerable icy region.

Pemex Plans To Compete In Mexico's First Two Oil Tenders
Thursday, March 12, 2015 Pemex plans to take part in the first two public tenders of the so-called Round One opening of the country's oil and gas industry, a senior executive says.

JV Proposes Variation to Work Program for Permit WA-454-P Offshore WA
Thursday, March 12, 2015 The WA-454-P Joint Venture plans to propose a variation to the work program for the exploration permit located off Western Australia.

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