News Topics: Govt & Regulatory
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Indonesia Considers Turning SKK Migas into State-Owned Enterprise
Friday, March 06, 2015 Indonesia considers turning the country's upstream oil and gas regulator SKK Migas into a state-owned enterprise.
It's Time to Remove the Prohibition to Export Crude Oil
Thursday, March 05, 2015 The law banning crude oil exports prevents crude oil producers in the US from participating in free trade of a commodity that is traded worldwide, Alex Mills says.
Britain Ready to Force Sale of Oligarch Fridman's North Sea Assets
Thursday, March 05, 2015 The UK is ready to force the sale of Russian oligarch Mikhail Fridman's recently-acquired North Sea energy assets, Prime Minister David Cameron's spokesman says.
ACCC Clears Woodside's Acquisition of Apache's Stakes in LNG Projects
Thursday, March 05, 2015 Woodside edges closer to completing its $2.75 billion acquisition of Apache's interests in Australia's Wheatstone and Balvanes projects as well as the Kitimat project in Canada.
Indonesia Expects 60% Increase in Gas Demand Over Next 5 Years
Wednesday, March 04, 2015 Indonesia will need an additional 1,300 million standard cubic feet per day of gas supplies within 5 years, to meet forecast demand, an energy ministry official says.
Saudi Arabia Expects Oil Price To Stabilize
Wednesday, March 04, 2015 Saudi Arabia's oil minister says he expects oil prices, which hit a near 6-year low in January, to stabilize, signaling cautious optimism about the market outlook.
Kemp: Lessons For US Oil Production From The Gas Industry
Wednesday, March 04, 2015 The gas industry's experience is especially relevant now given the plunge in oil prices and new drilling since June 2014.
US Senate Fails To Override Obama's Veto Of Keystone XL Approval
Wednesday, March 04, 2015 The US Senate fails to override President Obama's veto of legislation approving the Keystone XL oil pipeline.
Brazil Plans New Oil-Rights Auction In The Second Half
Tuesday, March 03, 2015 Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says.
India Widens Oil Leaks Probe to Defence Ministry; Security Concerns Grow
Tuesday, March 03, 2015 India widens an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands.
Obama Administration Should Abide By 'All of the Above' Approach to Energy
Tuesday, March 03, 2015 IAGC President Ken Wells calls on the Obama Administration to truly commit to an "all of the above" energy policy.
Clock Ticks Toward North Dakota Reaping Up To $5.3B Oil Tax Break
Tuesday, March 03, 2015 The clock is still ticking on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of February's crude price fell below $52.59 per barrel last month.
Forum Energy to Stop Exploration Work at SC 72 Due to Philippine-China Spat
Tuesday, March 03, 2015 The Philippine Department of Energy orders Forum Energy to suspend exploration work at Service Contract 72 as the acreage falls within the area of a territorial dispute between the Philippines and China.
Venezuela Objects to Oil Exploration off Neighboring Guyana
Monday, March 02, 2015 Guyana says that neighboring Venezuela is objecting to oil exploration in contested waters off the smaller South American country's coast.
China Merges Two-Tier Gas Pricing, Introduces More Market Elements
Monday, March 02, 2015 China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and will introduce more market-oriented elements in future pricing of the cleaner burning fuel.
BOEM Offers Details on Lease Sale 246
Monday, March 02, 2015 BOEM will offer more than 21 million acres offshore Texas for oil and gas exploration and development in BOEM's proposed Western Gulf of Mexico Lease Sale 246.
JKX Returns Ukraine Wells to Production
Monday, March 02, 2015 JKX Oil & Gas returns its wells in Ukraine to full production after the country ends restrictions on gas sales to industrial customers.
Russian Tycoon Clashes with Britain Over North Sea Deal
Monday, March 02, 2015 Russian billionaire Mikhail Fridman says he will buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.
Dutch Government Apologises for Risky Gas Production
Monday, March 02, 2015 The Dutch government apologises for ignoring risks posed by earthquakes caused by production of natural gas in the northern province of Groningen.
Baghdad Says Progress Made on Kurdish Oil Export Dispute
Sunday, March 01, 2015 Iraqi and Kurdish authorities make progress to rescue a deal over crude oil exports.
Bells Toll for Europe's Largest Gas Field
Sunday, March 01, 2015 The future of the Groningen gas field in the northern Netherlands is questioned amid earthquakes.
Indonesia Says Fate of Total's Mahakam Gas Block in Pertamina's Hands
Friday, February 27, 2015 Indonesia will hand full control over the Mahakam gas block in East Kalimantan province to Pertamina once its current operator's contract, held by Total SA, expires in 2017, an energy ministry official says.
Mexico OKs 5 Shallow Water Areas In Round One Oil Tender Second Leg
Friday, February 27, 2015 Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.
Russia's Rosneft May Get 300B Roubles from National Wealth Fund
Friday, February 27, 2015 Russian state oil firm Rosneft may get $5 billion from Russia's National Wealth Fund to finance five projects.
Tasmania Maintains Moratorium on Hydraulic Fracking Until March 2020
Friday, February 27, 2015 The Tasmanian government in Australia maintains a moratorium on the use of hydraulic fracking in the state until March 2020.
Angola Hopes To Turn Around Falling Oil, Gas Output
Thursday, February 26, 2015 Angola plans to increase its oil production by 20% by next year after suffering a difficult 2014.
US Gas Exporters Eye Baltic Region, Poland As Asian LNG Boom Fades
Thursday, February 26, 2015 LNG exporters are looking to the Baltic states and Poland to sign buyers keen to cut their reliance on Russian supplies; hopes fade that Asian demand for cheap N. American natural gas will increase sales.
Venezuela Seeks Annulment of Exxon Award at World Bank Tribunal
Thursday, February 26, 2015 Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides say.
Texas Legislature Gets Down to Business
Thursday, February 26, 2015 Water, transportation and taxes are amongst the key issues the Texas Legislature is set to tackle.
UK Oil & Gas Authority Issues 'Call to Action'
Wednesday, February 25, 2015 A report from the new Oil & Gas Authority issues a "call to action" to protect and sustain the UK oil and gas industry.
UK Shale Gas Firm Cuadrilla Hits Further Planning Snag
Wednesday, February 25, 2015 Cuadrilla hits another obstacle to getting the gas out of the ground when a local council refuses it a permit for a site where it wanted to take geological measurements.
Kemp: Keystone Shows Environmental Review Process Is Broken
Wednesday, February 25, 2015 Keystone has become a symbol of a broken decision-making process that should be overhauled to ensure the US can meet the urgent energy and environmental challenges of the 21st century, analyst John Kemp says.
C. Bank Governor: Low Oil Prices To Hit Investment In Uganda's Oil Sector
Wednesday, February 25, 2015 The sharp drop in oil prices will likely slow down the flow of investment capital tied to Uganda's emerging hydrocarbons industry, and hurt economic growth, the country's central bank governor says.
Israeli Regulator Delays Monopoly Decision On Natural Gas Fields
Tuesday, February 24, 2015 Israel's competition regulator delayes a decision on whether to declare the country's natural gas fields a monopoly for two months to allow time for an agreed solution to be reached.
Latest Activity Survey 'Paints Bleak Picture' of UK Oil, Gas Sector
Tuesday, February 24, 2015 Oil & Gas UK's latest Activity Survey report "paints a bleak picture" of the industry on the UK Continental Shelf.
Obama Vetoes Keystone Pipeline Approval Bill
Tuesday, February 24, 2015 President Obama swiftly delivers on his vow to veto a Republican bill approving the Keystone XL oil pipeline from Canada.
Thailand Puts Bidding For Oil, Gas Concessions On Hold
Tuesday, February 24, 2015 Thailand's military government will delay bidding for new oil and gas concessions indefinitely, pending an amendment to a petroleum law, Prime Minister Prayuth Chan-ocha says.
Uganda Offers Six Petroleum Blocks In First Competitive Licensing Round
Tuesday, February 24, 2015 Uganda is offering 6 petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, the Energy and Mineral Development Ministry says.
Trinidad, Venezuela Sign Deal For Natural Gas Exploration
Tuesday, February 24, 2015 Venezuela President Nicolas Maduro signs a deal with Trinidad & Tobago for joint exploration of natural gas in waters between both nations.
API Reviews Proposed Arctic Offshore Regulations
Friday, February 20, 2015 The Arctic is an essential piece of the energy equation and vital to keeping America's status as a world leader in energy, API Director of Upstream Erik Milito says.
EU to 'Reframe' Russian Energy Ties When Time is Right
Friday, February 20, 2015 The EU will consider reframing energy relations with Russia when the time is right but right now it is focused on building a strategic gas partnership with Ukraine, according to a draft document.
US Proposes First Rules For Arctic Oil, Gas Drilling
Friday, February 20, 2015 The Obama administration proposes standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills.
BP Loses Bid to Cut Maximum $13.7B Gulf Spill Fine
Friday, February 20, 2015 US judge rejects BP's attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill.
Minister: Croatia Gets 7 Bids For Onshore Oil/Gas Exploration
Wednesday, February 18, 2015 Croatia receives 7 bids at an international tender for onshore exploration of oil and gas in the northern Drava river basin and east of the country, Economy Minister Ivan Vrdoljak says.
Canada Imposes Sanctions On Russian Oil Firm Rosneft, Rostec CEO
Wednesday, February 18, 2015 Canada is imposing sanctions against Rosneft and the head of conglomerate Rostec, among others, in response to the actions of Russian-backed militants in Ukraine, Ottawa says.
Mexico Central Bank Cuts 2015, 2016 Growth Outlook On Oil Slump
Wednesday, February 18, 2015 Mexico's central bank revises down its growth outlook for this year and next after a sharp drop in oil prices spur budget cuts and dampen the outlook for an opening of the country's energy sector.
Mexico's Pemex Says Suspends Some Deep Water Exploration Projects
Wednesday, February 18, 2015 Pemex postpones some deep water exploration projects and says it will cut jobs as part of a raft of planned capital delays due to slumping crude prices.
Woodside Sees Slim Hope for East Timor LNG This Decade
Wednesday, February 18, 2015 Woodside expresses doubts its Greater Sunrise gas prospect could go ahead this decade, leaving it off a list of growth projects out to 2019 and beyond in its annual results presentation in a bad sign for impoverished East Timor.
Court Upholds Ohio's Power To Regulate Oil, Gas Drilling
Tuesday, February 17, 2015 Certain local zoning laws aimed at limiting fracking can't be used to circumvent the state's authority over oil and gas drilling, a fiercely divided Ohio Supreme Court rules.
Sound Oil Authorized to Drill 2nd Well on Carita License
Tuesday, February 17, 2015 Sound Oil receives drilling authorization to drill a second well on the Carita license, onshore northern Italy.
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