Results50 articles shown
Arbitration Tribunal Closes Case on Cosco-Deepwater Dalian Drillship Spat
Friday, September 04, 2015 Cosco Dalian reports that an arbitration tribunal in London has indicated that the firm has no further liabilities to Dalian Deepwater Developer over the construction contract for a drillship.
Norway Approves Wintershall's Maria Oil Field Development
Friday, September 04, 2015 Norway approves Wintershall's plan to develop the Maria oil and gas field in the Norwegian Sea.
Energy Tsar: Russia Targets One Third Increase In Oil Output In 20 Years
Friday, September 04, 2015 Russia could increase its oil output by a third to over 14 million barrels per day in the next two decades.
Oil Industry Slashes Lobbying Spending Amid Downtown
Friday, September 04, 2015 With oil prices plummeting, drillers have a lot less money to sink into lobbying.
China's Drop on Own Currency Raises Red Curtain
Thursday, September 03, 2015 Financial experts weigh the reasoning behind China's decisive cut to its own currency and impact on global markets.
Judge Orders US SEC To Expedite Resource Extraction Rule
Thursday, September 03, 2015 A federal judge has ordered the US Securities and Exchange Commission to fast-track a final rule requiring oil, gas and mining companies to disclose payments to foreign governments.
Courts, Congress, Regulators Take On Oil And Gas Issues
Thursday, September 03, 2015 In less than seven days last week, Congress made moves to remove the ban on oil exports, Texas regulators found that a well did not cause an earthquake and another federal judge blocked a massive water rule.
Indonesia Plans to Offer 21 Oil, Gas Blocks for Tender in 2016
Thursday, September 03, 2015 Indonesia plans to offer 21 conventional and unconventional oil and gas blocks in a tender in 2016.
MEO Australia Signs PSC with CUPET for Cuba Block 9
Thursday, September 03, 2015 MEO Australia signs production sharing contract with Cuba Petroleo Union (CUPET) for Cuba Block 9
No Deal On Oil Output After Russia's Putin Meets Venezuela's Maduro
Thursday, September 03, 2015 Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro.
Russia's Surgut to Launch Shpilman Oil Field
Thursday, September 03, 2015 Russia's Surgut will launch its Shpilman oil field in Siberia on Thursday, the Russian government said on its website.
Australia's Metgasco to Seek Damages from NSW Government
Wednesday, September 02, 2015 Australia's Metgasco will commence court action seeking damages from the New South Wales state government over the unlawful suspension of its 2014 drilling program.
Maduro: China Signs Off on $5B Loan to Boost Venezuela Oil Output
Wednesday, September 02, 2015 China inks agreement to provide a $5 billion loan to help Venezuela boost its oil production.
India To Change Oil, Gas Exploration Rules; Offers Small Fields
Wednesday, September 02, 2015 India will auction 69 small and marginal oil and gas fields surrendered by state explorers, Oil Minister Dharmendra Pradhan says.
Oil & Gas UK Launches North Sea Task Force
Wednesday, September 02, 2015 Oil & Gas UK launches a new North Sea task force, which aims to improve the efficiency and competitiveness of the UK's oil and gas industry.
Presidential Hopeful Rubio Wants To Lift 'Outdated' Oil Export Ban
Wednesday, September 02, 2015 Republican presidential candidate Marco Rubio would lift the ban on exporting crude oil soon after taking office if he is elected, the Florida senator will say in a speech previewing his energy strategy.
PETRONAS Approves Development Plan for Malaysia's Offshore Ophir Oil Field
Tuesday, September 01, 2015 PETRONAS approves the revised development plan for the Ophir oil field in Block PM 305 offshore Malaysia.
Global Stocks Head for Worst Month Since 2012 on China Woes
Monday, August 31, 2015 Global stocks poise for the worst month in more than three years on fresh concern Chinaís efforts to prop up its markets will fail.
Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Monday, August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.
Pemex Investors Face Crude Reality With Credit Downgrade Threat
Monday, August 31, 2015 A year after Mexico gives oil giant Pemex financial independence to compete with global peers, things arenít looking good for the state-owned driller.
APPEA Says WA Labor's Call for Moratorium on Fracking Jeopardizes Jobs
Monday, August 31, 2015 APPEA says the Western Australian Labor Party is jeopardizing jobs and investments in the state's oil and gas industry by calling for a moratorium on hydraulic fracturing.
API Calls Ozone Rule Review Rushed, Potentially Costly
Monday, August 31, 2015 API says that the Obama administrationís truncated review of EPAís proposed ozone standards could be costly, calling for Obama to let the existing standard work.
Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally
Monday, August 31, 2015 Hedge funds couldnít time increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years.
Go-Ahead Given for Biggest UK Field Found in a Decade
Monday, August 31, 2015 Maersk Oil says that the UK's biggest hydrocarbon discovery for a decade has been approved for development, and will support an estimated 6,000 UK jobs.
Kremlin: Putin, Venezuela's Maduro to Discuss Oil Price Stabilisation
Monday, August 31, 2015 Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro discuss ways to stabilize global oil prices during a visit to China.
Swala Gets Extension to its Kilosa-Kilombero, Pangani Licenses in Tanzania
Monday, August 31, 2015 Swala Energy obtains extension to its Kilosa-Kilombero and Pangani licenses in Tanzania.
Canada's Alberta Forecasts Record Budget Deficit
Monday, August 31, 2015 The Canadian province of Alberta, which has been hammered by falling crude prices, is forecasting a record budget deficit of C$5.9 billion ($4.49 billion) this year, which could increase to C$6.5 billion, Finance Minister Joe Ceci says.
EIA: New U.S. Oil Data Shows Lower 2015 Production
Monday, August 31, 2015 The U.S. oil industry pumped less crude than initially estimated this year, according to new government data that offers the clearest look yet at the impact of drillers' retrenchment in response to collapsing prices.
Alberta To Keep Oil, Gas Royalty Framework To End-2016
Friday, August 28, 2015 Alberta's oil and gas royalty framework will remain in place until the end of 2016, Energy Minister Marg McCuaig-Boyd says.
Environmental Groups to Sue EPA Over Waste Disposal Rules
Friday, August 28, 2015 Several environmental groups plan to sue the EPA, claiming the agency has failed in its duty to review and update regulations associated with oil and gas waste.
New IEA Boss Faces World Energy Landscape In Flux
Friday, August 28, 2015 The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.
KRG Allocates $75-$100M as Payment for IOCs
Thursday, August 27, 2015 The Kurdistan Regional Council for Oil & Gas Affairs approves the allocation of $75-$100 million of the revenue from the KRG's direct crude oil sales as payment for exporting international oil companies.
Pilot Energy Gets Clearance to Vary Work Program for Permit WA-503-P Off WA
Thursday, August 27, 2015 The National Offshore Petroleum Titles Administrator approves Pilot Energy's application to vary its work program for Permit WA-503-P offshore Western Australia.
White House Says Keystone XL Pipeline Review Continues
Thursday, August 27, 2015 The White House says that the US State Department continues to review TransCanada's proposed Keystone XL pipeline from Canada's oil sands to Gulf Coast refineries.
WA Supreme Court Sets Aside NGPH's Statutory Demand for Tap Oil Payment
Thursday, August 27, 2015 Western Australia's Supreme Court sets aside a statutory demand from Northern Gulf Petroleum Holdings for Tap Oil to make payment relating to the G1/48 concession in the Gulf of Thailand.
Mexico Sweetens Oil Auction Terms Again to Avoid Repeat of Flop
Wednesday, August 26, 2015 Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator says.
NOPTA Approves Cue's Application to Defer WA-359-P Year 3 Program Off WA
Wednesday, August 26, 2015 The National Offshore Petroleum Titles Administrator approves Cue Energy's application to suspend Year 3 work program for Permit WA-359-P offshore Western Australia.
Iran Says Will Reclaim Full Oil Market Share Post-Sanctions
Tuesday, August 25, 2015 Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, according to the country's oil minister Bijan Zanganeh.
Iraq Oil Minister Says $9B in Arrears Paid to Oil Firms
Tuesday, August 25, 2015 Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister has said.
Oil at $77? It Is in This Country That Plays by Its Own Rules
Tuesday, August 25, 2015 South America's second-largest and most enigmatic economy, Argentina is marching to its own beat.
India to Sell $1.5B of Indian Oil Shares on Monday
Friday, August 21, 2015 India's government says it plans to sell a 10-percent stake in top state-run refiner Indian Oil Corporation via a stock market auction on Monday.
Congress Likely to Repeal Oil Export Ban in 2016, Evercore Says
Friday, August 21, 2015 Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI.
First Phase of Johan Sverdrup Development Approved
Friday, August 21, 2015 The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.
Brazil Lower House Chief Charged With Corruption by Prosecutors
Thursday, August 20, 2015 Brazilian public prosecutors press corruption charges against Chamber of Deputies chief Eduardo Cunha before the Supreme Court.
Iraqi PM Visits Lukoil's West Qurna-2 Field
Thursday, August 20, 2015 Iraqi Prime Minister Haider Al-Abadi makes a visit to the Lukoil-operated West Qurna-2 oilfield.
Mexicoís Peso Leads World Losses as GDP Forecast Cut Amid Woes
Thursday, August 20, 2015 Mexico's peso leads losses among global major currencies, joins a rout in emerging markets.
Norwegian Oil Firm DNO Says Keen on Iran Entry
Thursday, August 20, 2015 Norway's DNO, which has operations across the Middle East, wants to do business in Iran if sanctions against the country are lifted as planned.
Petrobras Says Not in Negotiation to Settle with U.S. Authorities
Thursday, August 20, 2015 Petrobras says it was not in negotiation to pay a fine to settle criminal and civil investigations in the United States.
Climate Boss Says EU Can Only Back A Strong Paris Deal
Thursday, August 20, 2015 The EU supports a UN deal to cap global warming only if the agreement is legally binding and includes regular reviews.
US September Crude Up Eyeing Hurricane As Expirations Near
Thursday, August 20, 2015 US crude prices extend gains and Brent briefly turns higher as first hurricane of the 2015 Atlantic season sparks contract expiration concerns.
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