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New Government Likely to Spell Positive Era for UK Oil, Gas
Friday, May 22, 2015 Ahead of the Queen's Speech April 27, Rigzone takes a look at what the Conservative Party's likely plans are for the UK energy sector after its unexpected win in the General Election.
Russia to Decide on Schlumberger Bid for Eurasia Drilling in 2-3 Weeks
Thursday, May 21, 2015 A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks.
Mexico's Round One to Attract Smaller Players
Thursday, May 21, 2015 Acreage offered for bidding in the next phase of Mexico's Round One will most likely attract smaller, private and equity-backed companies, Wood Mackenzie tells Rigzone.
Exploration Bills Submitted for Second Readings in Bahamian Assembly
Thursday, May 21, 2015 Bahamas Petroleum Company reports that the Petroleum Bill and Sovereign Wealth Bill have been put before the Bahamian House of Assembly for their second readings.
BP Settles Oil Spill-Related Claims With Halliburton, Transocean
Wednesday, May 20, 2015 BP has settled with Halliburton and Transocean cross claims related to the 2010 Gulf of Mexico oil spill.
Oklahoma Set to Overturn Local Drilling Controls as Backlash Brews
Wednesday, May 20, 2015 Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn a statute that allows cities and towns to ban drilling operations.
Finance Minister: Ghana's Oil Production to Rise Six-Fold by 2018
Wednesday, May 20, 2015 Ghana's oil production will rise six-fold by 2018, according to the country's finance minister.
Pertamina Can Opt for Up to 15% Stake in Expiring PSCs in Indonesia
Wednesday, May 20, 2015 Pertamina can opt to acquire up to 15 percent stake in expiring production sharing contracts in Indonesia under new regulation, a local daily says.
Texas Tackles Local Fracking Bans
Tuesday, May 19, 2015 Following the implementation of hundreds of city ordinances, some of which hinder hydraulic fracturing, Texas Gov. Greg Abbott signs bill that clarifies the state is in charge.
Albania Seeking Bids For Oil, Gas Search In June
Monday, May 18, 2015 Albania will offer companies interested in oil and gas exploration 7 offshore and onshore blocks in June in a bidding process, officials say.
Australia Offers 29 Offshore Blocks for Bidding in 2015 Acreage Release
Monday, May 18, 2015 Australia offers 29 offshore oil and gas blocks for bidding in its 2015 Acreage Release.
Indonesia Extends Exploration Period for Sumatra's South Block A PSC
Monday, May 18, 2015 Indonesia's Ministry of Energy and Mineral Resources grants a 19 month extension to the exploration period of the South Block A Production Sharing Contract in North Sumatra, Indonesia.
MEO Renews AC/P50, AC/P51 Permits Offshore North West Australia
Monday, May 18, 2015 MEO renews AC/P50 and AC/P51 permits in the Vulcan Sub-basin off the north west coast of Australia for a further five years.
Icon Secures Renewal of ATP 594 in Queensland's Cooper-Eromanga Basin
Friday, May 15, 2015 Icon Energy secures renewal of permit ATP 594 in the Cooper-Eromanga Basin in Queensland, Australia for four years, including an option to extend for up to 12 years.
Oil Minister: India Looking to Acquire Oil Assets Abroad
Friday, May 15, 2015 India is looking to buy oil assets abroad, according to the nation's oil minister.
Partners in JPDA 06-103 Receive Notice of Intent from ANP to Terminate PSC
Friday, May 15, 2015 The joint venture in the Joint Petroleum Development Area 06-103 Block off north west Australia receives notice of intent to terminate the production sharing contract from the Autodidade Nacional do Petroleo.
Queensland Invites Bids for Cooper-Eromanga, Surat Basins Gas Exploration
Thursday, May 14, 2015 Australia's Queensland state invites bids for gas exploration blocks in the Cooper-Eromanga and Surat Basins.
BP Appoints Paula Reynolds and John Sawers as Non-Executive Directors
Thursday, May 14, 2015 BP announces decision to appoint Paula Rosput Reynolds and John Sawers as Non-Executive directors with immediate effect
Bidding Begins For Peru's Largest Oil Block In Amazon
Thursday, May 14, 2015 Peru opens bidding for rights to develop the country's largest oil block after several months of negotiations with indigenous groups over pollution, energy regulator Perupetro says.
Drilling To Start at Macondo Reservoir
Wednesday, May 13, 2015 Deep-water drilling is set to resume near the site of the BP well blowout off the coast of Louisiana.
Myanmar Rules Out Launch of Bidding Round for Exploration Blocks This Year
Wednesday, May 13, 2015 Myanmar rules out the launch of a bidding round for petroleum exploration blocks this year, an official of Myanma Oil and Gas Enterprise says, as reported in a local media.
JPDA 06-103 JV Submits Request to ANP to Terminate the PSC Off NW Australia
Wednesday, May 13, 2015 Partners in the Joint Petroleum Development Area 06-103 Block off northwest Australia submit a request to the Autoridade Nacional do Petroleo to terminate the Production Sharing Contract.
NOPTA Grants 6 Month Extension for Permit NT/P68 in Timor Sea
Wednesday, May 13, 2015 The National Offshore Petroleum Titles Administrator approves an extension to Permit Year 5 of NT/P68 in the Timor Sea off northern Australia.
American Eagle Energy Seeks Bankruptcy After Oil Price Drop
Monday, May 11, 2015 American Eagle Energy Corp. files for bankruptcy protection in Colorado after the slump in crude prices prevented it from servicing debt it took on less than a year ago.
Amber Rudd Appointed UK's New Secretary of State for Energy
Monday, May 11, 2015 Amber Rudd MP is appointed the new UK Secretary of State for Energy and Climate Change.
Eland Gets Go-Ahead for OML 40 Operatorship
Monday, May 11, 2015 Eland Oil & Gas receives consent from Nigeria's Department of Petroleum Resources to operate the OML 40 onshore license.
Mexico to Tender Batch of Onshore Oil Fields in Energy Opening
Monday, May 11, 2015 Mexico's oil sector regulator approves the terms for its next package of contracts covering 26 onshore areas, part of the country's historic energy industry opening after decades of state control.
U.S. Approves Shell's Plan to Drill for Oil in Arctic
Monday, May 11, 2015 Royal Dutch Shell's quest to return to oil drilling in the U.S. Arctic for the first time since 2012 took a big step forward when the Obama administration approved the company's exploration plan.
UK's New Oil, Gas Authority Appoints Key People
Monday, May 11, 2015 UK's new Oil and Gas Authority appoints seven senior executives as Prime Minister David Cameron appoints new Energy Secretary.
Alfa to Inherit Pacific Rubiales' Output Battle If Bid Prevails
Friday, May 08, 2015 If Alfa and Harbour Energy succeed in buying Pacific Rubiales Energy they'll also acquire the oil driller's battle to avert a steep production decline.
Tory Victory Means Change at the Top at DECC
Friday, May 08, 2015 The Conservative Party's slim majority in Parliament, thanks to a huge swing in support in the UK's General Election, means it can select its own MP to head up the Department of Energy and Climate Change.
Filing: SandRidge Is Target Of Antitrust Grand Jury Probe
Thursday, May 07, 2015 SandRidge is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing.
South Africa Prepares To Give Shale Gas Go Ahead
Thursday, May 07, 2015 South Africa will gazette final regulations for shale gas exploration by June, two years after releasing draft rules.
Official: Anadarko To Participate In Bulgarian Offshore Tender
Wednesday, May 06, 2015 Anadarko Petroleum plans to take part in tenders for deepwater gas and oil exploration in Bulgaria's Black Sea waters, a Bulgarian senior official says.
OTC 2015: Israel to Resolve Disagreement with Noble within 2 Months
Wednesday, May 06, 2015 An Israeli government official tells Rigzone that the country will soon resolve its issue with Noble Energy concerning ownership rights over the giant Leviathan gas field.
Cuba Insists It Has Oil; US Companies Still Uninterested
Wednesday, May 06, 2015 Cuba unveils new data confirming billions of barrels of oil beneath its Gulf of Mexico waters but admits there is little interest in new exploration.
OTC 2015: An 'Uncertain' Time for Scotland's Offshore Industry
Wednesday, May 06, 2015 The head of oil and gas for Scottish Development International tells Rigzone it's been a difficult time for Scotland's oil and gas sector, but plenty of international opportunities for Scottish firms remain.
Gulf Delegate: OPEC Unlikely To Cut In June Without Non-OPEC As Oil Rebound
Wednesday, May 06, 2015 The jump in oil prices has been supported by stronger-than-expected demand growth and a slowdown in crude supply, a senior Gulf OPEC delegate says.
OTC 2015: Indonesia to Decide Mahakam Transit Deal, MEMR O&G Top Post Soon
Tuesday, May 05, 2015 Indonesia expects a transit deal for the Mahakam block off East Kalimantan to be sewn up later this month, a top Ministry of Energy and Mineral Resources official says.
Pemex: Accident At Mexican Offshore Rig Kills Two
Tuesday, May 05, 2015 Pemex says an accident has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers.
Alberta's Possible Pivot To The Left Alarms Canadian Oil Sector
Monday, May 04, 2015 Canada's oil-rich province of Alberta is on the cusp of electing a left-wing government that can make life harder for the energy industry with its plans to raise taxes.
TANAP to Hold Talks with Foreign Companies on Partnerships
Monday, May 04, 2015 Turkey's energy minister says partners in the Trans-Anatolian Natural Gas Pipeline (TANAP) will hold takes with foreign companies for possible partnerships.
Despite Current Economic Climate, Production in GOM is Projected to Rise
Friday, May 01, 2015 At a time when many operators are slowing down, activity in the Gulf of Mexico is moving full steam ahead, seemingly unfazed by a saturated oil market and poised to keep producing.
US, Canada Unveil New Crude-By-Rail Rule
Friday, May 01, 2015 New safety rule on crude tank cars is coordinated through the US and Canada, likely to increase industry costs.
Saudi Arabia Restructures Oil Giant Aramco
Friday, May 01, 2015 Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry.
North Dakota Still On Track For Oil Tax Break
Friday, May 01, 2015 The clock kept ticking in April on a suspension of North Dakota's oil extraction tax after a state-calculated average of the month's crude price fell below $52.59 per barrel for a fourth straight month.
Report: Saskatchewan Bakken Holds 1.4B Barrels Of Oil
Thursday, April 30, 2015 The Bakken shale formation in southeast Saskatchewan is estimated to hold 1.4 billion barrels of marketable crude oil and 2.9 trillion cubic feet of natural gas, Canada's National Energy Board says.
Energy Ministry Terminates Block VIb PSC in Georgia
Thursday, April 30, 2015 The Ministry of Energy terminates the production sharing contract over Block VIb in Georgia.
Pacific Oil & Gas Submits Development Plan for Kisaran PSC in Sumatra
Wednesday, April 29, 2015 Pacific Oil & Gas submits the development plan for onshore Kisaran production sharing contract in Sumatra, Indonesia.
Saudi King Names Al-Falih Aramco Chairman, Replacing Al-Naimi
Wednesday, April 29, 2015 Saudi Arabia's King Salman names Khalid A. Al-Falih as chairman of Saudi Arabian Oil Co., replacing Oil Minister Ali Al-Naimi, according to state television.
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