News Topics: Govt & Regulatory
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Australian Court Allows Metgasco to Resume Coal Seam Gas Drilling
Friday, April 24, 2015 Australia's Metgasco wins a court ruling that allows it to resume coal-seam gas drilling.
Chesapeake Reaches $25M Michigan Settlement Over Leasing Charges
Friday, April 24, 2015 Chesapeake will create a $25 million compensation fund as part of a settlement of antitrust, fraud and racketeering charges brought by the state of Michigan.
Sources: Iraq Tells Partners to Lift Basra Heavy Crude from May
Friday, April 24, 2015 Iraq's State Oil Marketing Organisation tells its oil firm partners to start loading Basra heavy crude from May instead of its flagship light grade.
TransCanada Seeks US Permit On Upland Line As Keystone Waits
Friday, April 24, 2015 TransCanada is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada.
Dutch Engineer Arcadis Collateral Victim of Brazil Scandals
Thursday, April 23, 2015 Dutch engineer Arcadis sees a sharp drop in revenues from Brazil amid fallout from corruption scandals in the Brazilian oil and gas industry.
IPB Petroleum to Vary Work Program for Permit WA-424-P in Browse Basin
Thursday, April 23, 2015 IPB Petroleum gets official approval to vary work program for permit WA-424-P in Browse Basin off north west Australia.
Russia Deepens Energy Cooperation With Argentina
Thursday, April 23, 2015 Russia and Argentina have signed documents deepening energy cooperation, underlining Moscow's drive to develop ties with South America since coming under Western sanctions over the Ukraine crisis.
MEO Australia Receives Approval to Vary Permit WA-488-P Work Program
Wednesday, April 22, 2015 MEO Australia receives approval to vary the work program for permit WA-488-P offshore Western Australia.
Official: India to Auction 69 Marginal Fields Owned by ONGC, Oil India
Tuesday, April 21, 2015 India will soon auction 69 marginal oil and gas fields owned by state explorers Oil and Natural Gas Corp and Oil India Ltd, the country's oil secretary says.
Norway Launches Expanded Oil Licensing Round in Mature Areas
Tuesday, April 21, 2015 Norway launches its 2015 oil and gas licensing round in mature areas, expanding it to include blocks near recent discoveries.
NOPTA Approves Variation to Permit WA-454-P Work Program Off WA
Tuesday, April 21, 2015 The National Offshore Petroleum Titles Administrator approves a request by the WA-454-P joint venture to vary the work program for the permit off Western Australia.
Britain Orders Sale Of Russian Billionaire Fridman's North Sea Fields
Monday, April 20, 2015 Britain orders Russian billionaire Mikhail Fridman to sell his North Sea gas fields within six months.
'Ducks' and Oil: No Need to Fear US Crude Supply Deluge
Monday, April 20, 2015 A tax break in North Dakota will not unleash a new wave of shale crude supply, producers say.
IHS CERAWeek: Evoking Iran, US Senator Pushes For Oil Exports
Monday, April 20, 2015 Senator Lisa Murkowski says she will introduce legislation this year to allow US crude exports, saying the Obama admin. should not dare lift sanctions on Iran before scrapping the US crude export ban.
Argentina Launches Lawsuit against Falkands Oil Drillers
Friday, April 17, 2015 Argentina begins legal proceedings against five companies, including three UK firms, that are drilling for oil and gas offshore the Falkland Islands.
Sources: Indian Delegation to Visit Iran to Discuss Oil Deals
Friday, April 17, 2015 An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan say.
Bill to Standardize Drillings Setbacks Passes Texas House
Friday, April 17, 2015 Controversial bill to standardize rule-making for cities on oil and gas permits passes House without incident. Moves on to the Senate with some changes that will have to be addressed in committee.
Norway's Minister of Petroleum Opens Valemon Field
Friday, April 17, 2015 Norway's Valemon field is officially opened.
US Proposes Higher Royalty Rates For Drilling Federal Land
Friday, April 17, 2015 The US government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department.
EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.
Military Withdraws from Yemen Oilfields, Hands Security to Tribes
Friday, April 17, 2015 Yemen's military hands over security responsibilities for the Masila oilfields to local armed tribes.
Buru-Mitsubishi JV Moves Nearer to Developing WA's Ungani Oil Field
Thursday, April 16, 2015 Buru Energy and its partner Mitsubishi move nearer to developing the Ungani oil field in Western Australia.
Madagascar Oil Awarded 25-Year Development Title for Tsimiroro Block
Thursday, April 16, 2015 Madagascar Oil is awarded a 25-year 'Development Mining Title' for the Block 3104 Tsimiroro production sharing contract.
Mozambique Delays Oil, Gas Bid Round until July 30
Thursday, April 16, 2015 Mozambique's fifth oil and gas bid round will close on July 30, delayed from its previous April 30 deadline.
SPE Starts Arbitration Proceedings Against Lemang PSC Operator Hexindo
Thursday, April 16, 2015 Ramba Energy says Super Power Enterprises commences arbitration proceedings against its unit PT Hexindo Gemilang Jaya, which is the operator of the Lemang Production Sharing Contract in Sumatra, Indonesia.
Survey: Doubts that New Tax Initiatives Will Drive North Sea Exploration
Wednesday, April 15, 2015 A Rigzone survey finds a lack of confidence among oil and gas professionals that new UK tax initiatives will stimulate investment in North Sea exploration.
Russia's Lukoil Says Was Asked to Reduce Iraq Output
Wednesday, April 15, 2015 Russia's Lukoil says it was asked to sharply reduce output in Iraq this year.
UMW Commences Arbitration as Frontier Breaches UMW Naga 7 Contract
Wednesday, April 15, 2015 UMW Offshore Drilling commences arbitration in Singapore regarding a breach of contract by Philippines' Frontier Drilling for the UMW Naga 7 jackup.
Brazil Real Rises As Petrobras Board To Review Financial Results
Tuesday, April 14, 2015 Brazil's real climbs for the first time in 4 days as Petrobras indicates it is moving closer to publishing financial results.
Dutch Court Does Not Order Production Halt at Groningen Gas Field
Tuesday, April 14, 2015 A Dutch high court says it will not order a complete halt to gas production at the Groningen gas field.
Industry Not Expected To Fight Live Offshore Viewing
Tuesday, April 14, 2015 Houston legal expert says real-time viewing, a regular feature of onshore operations, is among key changes proposed to make offshore drilling safer.
Former CNPC Chairman Pleads Guilty to Zhou-Linked Corruption
Tuesday, April 14, 2015 The former chairman of China’s biggest oil producer pleads guilty to accepting bribes and abuse of power in his one-day trial, the first major court case former security chief Zhou Yongkang has been named in.
EIA: US Crude Oil Output To Soar Till 2020 Despite Price Rout
Tuesday, April 14, 2015 The US government forecasts domestic crude production will rise even more than expected a year ago.
Dutch Court Will Rule in Groningen Gas Suit on Tuesday
Monday, April 13, 2015 A Dutch court plans to issue a provisional ruling tomorrow in a lawsuit challenging the government's gas production policy at the Groningen gas field.
EIA: US Shale Oil Output To Fall In May, First Drop In 4 Years
Monday, April 13, 2015 Oil production from the fastest-growing US shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April.
Obama Proposes New Rules For Offshore Oil Wells
Monday, April 13, 2015 The Obama administration proposes tighter rules for the offshore drilling equipment designed to be the last line of defense against oil-well blowouts.
Graft Trial Opens for Former Head of China's Top Energy Group
Monday, April 13, 2015 The trial of the former head of CNPC begins, with charges of bribery, abuse of power and other corrupt practices making him the latest in a string of top officials hauled into court by an anti-graft campaign.
Western Australia Hopes to Expand LNG Ties with Singapore
Monday, April 13, 2015 Western Australia hopes to boost supply of liquefied natural gas to Singapore and collaborate with the island-state on gas projects.
C.A.T. Oil Asks Prosecutors to Look into Former Execs
Friday, April 10, 2015 C.A.T. Oil asks Austrian prosecutors to look into a suspected breach of trust by former members of its board.
Pertamina Likely to Sign Transition Agreement Next Week for Mahakam Block
Friday, April 10, 2015 Pertamina is likely to sign a transition agreement next week with Mahakam block joint venture partner as it prepares to take over as operator in 2018.
US Begins Formal Review Of Shell's Arctic Drilling Plan
Friday, April 10, 2015 The US Interior Department says it received a plan by Shell to explore drilling opportunities in the Arctic.
Argentina Says Plans Lawsuits Against UK Oil Firms Near Falklands
Thursday, April 09, 2015 Argentina says it will begin legal action against British energy firms operating near the Falkland Islands, in a growing war of words over the disputed South Atlantic territory.
Learning Mandarin In The Tundra: Russia Invites China Into Oil Business
Wednesday, April 08, 2015 Russia's freezing north has never been the most welcoming place for foreign travelers, and its onshore oil riches have always been state secrets.
SBM Denies $1.7B Settlement with Brazil over Bribery Scandal
Wednesday, April 08, 2015 SBM Offshore refutes an article in the Brazilian press that it has agreed a $1.7-billion settlement with Brazilian authorities over a bribery scandal.
Kemp: US Oil Production Is Probably Peaking Right Now
Wednesday, April 08, 2015 US crude production will peak this month, according to revised forecasts published by the country's EIA.
Cairn India Takes Indian Authorities To Court Over $3.3B Tax Demand
Tuesday, April 07, 2015 Cairn India Takes Indian Authorities To Court Over $3.3B Tax Demand
Saudi's Naimi Says Ready To Help Improve Oil Prices, But Not Alone
Tuesday, April 07, 2015 Saudi Arabia's oil minister Ali al-Naimi says that the kingdom is ready to "improve" prices but only if other producers outside of OPEC join the effort.
Russia's Gazprom Says Arbitration Case Against Lithuania No Longer Relevant
Friday, April 03, 2015 Gazprom says that an arbitration case it launched against Lithuania in 2012 was no longer relevant since it had sold the assets that were the subject of the court case.
North Dakota Oil Producers Complying With New Treatment Rules
Friday, April 03, 2015 North Dakota's oil producers are complying with new safety standards to remove as many volatile gases from crude as possible, state officials told Reuters.
Clock Keeps Ticking Toward North Dakota Oil Tax Break
Friday, April 03, 2015 The clock kept ticking in March on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of the month's crude price fell.
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