News Topics: Govt & Regulatory
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North Sea Oil and Gas Projections Disputed
Friday, December 06, 2013 Forecasts of flat line growth for North Sea oil and gas revenues by the UK Office of Budget Responsibility are disputed by the Scottish government and Oil & Gas UK.
VIC/P57 JV Receives Production License for West Seahorse Oil Field
Friday, December 06, 2013 The National Offshore Petroleum Titles Administrator of Australia awards the VIC/P57 joint venture a production license over the West Seahorse oil field in Australia's Gippsland Basin.
Ghana Parliament Ratifies Oil Exploration Deal
Thursday, December 05, 2013 Ghana's parliament ratifies an oil exploration deal with a subsidiary of AGM Gibraltar after an influential think tank stirred debate by saying the pact did not serve the country's interests.
Australia Defends Raids on E. Timor Lawyer and Whistleblower
Thursday, December 05, 2013 Attorney-General George Brandis says raids by AU's domestic spy agency on the Canberra offices of a lawyer representing East Timor over Australian bugging claims were justified.
Top Lawmaker: Mexico Senators To Unveil Energy Bill Friday
Thursday, December 05, 2013 Mexican senators will present a bill to open up Mexico's energy sector to greater private investment Friday, clearing the way for a vote by the full Senate as early as next week.
Providence Offered Celtic Sea Licensing Option
Thursday, December 05, 2013 Providence Resources is offered a new licensing option in the South Celtic Sea Basin, offshore Ireland.
UK Chancellor Confirms Tax Breaks for Shale Gas Developers
Thursday, December 05, 2013 UK Chancellor George Osborne has confirmed that firms drilling for shale gas will pay just 30% tax on profit made from gas they produce.
Libya Spends Foreign Reserves To Offset Oil Losses
Wednesday, December 04, 2013 Libya's prime minister says his government is spending billions of dollars to offset the loss of revenue caused by militias who have shut down oil terminals in the country's restive east.
Top Senator: Mexico Lawmakers Poised To Debate Energy Reform
Wednesday, December 04, 2013 Mexican lawmakers are poised to send a landmark energy bill to Senate committees to start debate on a cornerstone of President Enrique Pena Nieto's economic reform drive.
Philippine DOE Extends Subphase 2b for SC 63 off Palawan Island
Wednesday, December 04, 2013 Nido Petroleum reports that Philippines' Department of Energy has extended sub-phase 2b for Service Contract 63 off Palawan Island in the Philippines to November 2014.
Oil Minister: Norway Looks to Reduce Costs in Oil Sector
Wednesday, December 04, 2013 Norway is looking at measures to reduce rising costs in the oil and gas sector.
Oil & Gas UK Blasts Parliament over 'Subsidies' Allegation
Wednesday, December 04, 2013 Oil & Gas UK hits back at a UK parliamentary committee that has suggested the country's oil and gas industry is subsidized.
Egypt Woos Gulf Investors, Promises Repayments To Oil Firms
Wednesday, December 04, 2013 The Egyptian government promises to pay $1.5 billion out of the $6 billion it says it owes oil firms.
US Business Leader: EPA Fracking Study Could Hurt Energy Boom
Tuesday, December 03, 2013 America's largest business lobby group warns the Obama administration against snuffing out the country's energy boom with regulations on new oil and natural gas drilling technologies.
BOEM Proposes Eastern Gulf of Mexico Oil, Gas Lease Sale
Tuesday, December 03, 2013 BOEM will hold a Gulf of Mexico Eastern Planning Area oil and gas lease sale in March.
BP Wins US Appeals Court Reprieve Over Some Gulf Spill Payments
Tuesday, December 03, 2013 BP wins a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs.
Iran, Iraq Put OPEC On Notice Of Big Oil Increases
Tuesday, December 03, 2013 Iran and Iraq put OPEC on notice of substantial oil output increases to come, saying others in the producer cartel will need to give way to make room for them.
Petrofac Makes Nigerian Collaboration Agreement
Tuesday, December 03, 2013 Petrofac signs a memorandum of understanding with the Nigerian Petroleum Development Company.
Argentina-Repsol Deal on YPF Better than Litigation Says Spain
Tuesday, December 03, 2013 Spanish Secretary of State says a deal between Repsol and Argentina over the nationalization of YPF is preferable to a lawsuit.
Turkey: Kurds, Baghdad Could Agree This Month on Energy Deals
Tuesday, December 03, 2013 The Kurdistan region of Iraq and the country's central government could reach a deal on oil exports and revenue sharing this month, according to Turkey's energy minister.
UK, Trade Groups Tell US Court Ban Against BP Unfair
Tuesday, December 03, 2013 The US Environmental Protection Agency may have been too harsh when it banned BP from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the UK and prominent business groups say.
W&T Ban From Bidding For Oil Could Last 3 Years, EPA Says
Tuesday, December 03, 2013 W&T Offshore's ban from bidding on federal government contracts in the Gulf of Mexico can last up to three years, the US Environmental Protection Agency says.
Former Malaysia PM Mahathir Quits as Petronas Adviser
Monday, December 02, 2013 Former Malaysian PM Mahathi Mohamad quits as an adviser to state-run oil company Petronas.
Ex-BP Engineer Who Deleted Texts Heads To Trial
Monday, December 02, 2013 Kurt Mix, who was a drilling engineer for BP, possibly faces a prison sentence if convicted of deliberately deleting text messages and voicemails about BP's response to the 2010 Macondo incident.
Turkey to Seek Baghdad's Consent for Iraqi Kurdish Oil
Monday, December 02, 2013 Oil exports from anywhere in Iraq to Turkey need the central government's approval, Baghdad and Ankara say after a bilateral meeting aimed at diffusing a row over energy exports from Iraq's autonomous Kurdish region.
Venezuelan Oil Diplomacy Curbed By Economic Crisis
Monday, December 02, 2013 The late President Chavez's dream of leveraging Venezuela's oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis.
Local Gas Drilling Laws Get A Key Airing In Ohio
Sunday, December 01, 2013 Both pro- and anti-drilling forces are watching the Ohio case because the outcome could encourage or deter the implementation elsewhere of local laws to limit drilling.
Media: Britain, Argentina in Fresh Row Over Drilling in Falklands
Friday, November 29, 2013 Argentina triggers a fresh diplomatic row with Britain over the disputed Falkland Islands after the country's Congress passed a law that establishes criminal sanctions for the "illegal exploration" of hydrocarbons in the Argentine continental shelf.
Brazil's OGX Maranhao Changes Name to Parnaiba Gas Natural
Thursday, November 28, 2013 OGX Maranhao, the Brazilian on-shore natural gas producer, has changed its name to Parnaiba Gas Natural, says Eneva SA, one of three companies that owns a stake in the company, in an e-mailed statement.
AGCC Survey Shows Nearly All O&G Contractors Plan to Recruit Next Year
Thursday, November 28, 2013 The 19th Aberdeen and Grampian Chamber of Commerce Oil and Gas Survey reveals that a record number of contractors in the oil and gas sector are looking to recruit in the next 12 months and confidence is high for 2014.
China Sends Carrier to South China Sea for Training Amid Maritime Disputes
Tuesday, November 26, 2013 China sends its sole aircraft carrier on a training mission into the South China Sea amid maritime disputes with some neighbors and tension over its plan to set up an airspace defence zone in waters disputed with Japan.
US Trial Ends Over Ecuador Pollution Judgment Against Chevron
Tuesday, November 26, 2013 An attorney for Chevron accuses US lawyer Steven Donziger of orchestrating an international criminal conspiracy by using bribery and fraud in Ecuador.
US Fines Weatherford $253M Over Iran Work, Junkets
Tuesday, November 26, 2013 Weatherford will pay fines to the US government to settle charges that ranged from flouting sanctions against Iran and Syria to sending business partners on World Cup soccer junkets, officials say.
Six Powers Clinch Breakthrough Deal Curbing Iran's Nuclear Activity
Monday, November 25, 2013 Iran and six world powers clinch a deal curbing the Iranian nuclear program in exchange for initial sanctions relief, signalling the start of a game-changing rapprochement that would reduce the risk of a wider Middle East war.
JV Awaits Government Approval to Extend SC63 Project
Monday, November 25, 2013 Nido Petroleum discloses that partners in Service Contract 63 off Philippines' Palawan Island is awaiting government approval for a 12 month extension for the current sub-phase of the project.
Ernst & Young: Scots Independence Will Mean Oil, Gas Tax Rise
Friday, November 22, 2013 A survey of oil and gas industry leaders and decision makers finds that 79 percent believe Scottish independence will lead to a tax hike.
BSEE Orders Companies to Cease Work over SEMS Compliance
Friday, November 22, 2013 BSEE orders five Gulf of Mexico operators to halt work for failing to comply with SEMS regulations.
Norway to Join Chinese Firm in Iceland Oil Exploration
Friday, November 22, 2013 Norway plans to team up with China's CNOOC to explore for oil offshore Iceland.
Proposed Changes To Tax Law Will Suffocate US Economic Recovery
Friday, November 22, 2013 Proposed changes in the tax law released by Senate Finance Chairman Max Baucus will have dramatic negative implications for domestic energy, jobs and the US economy as a whole, Alex Mills says.
Straits Times: Singapore Keen to Import Shale Gas from US
Friday, November 22, 2013 Singapore is interested in importing shale gas from the US, according to its foreign affairs minister.
US Eyes Increase In Arctic Operations
Friday, November 22, 2013 The US military is looking for ways to expand operations in the Arctic as melting ice caps open sea lanes and other nations compete for the lucrative oil and gas deposits.
UK Chancellor to Provide More on Shale Incentives in Autumn Statement
Friday, November 22, 2013 UK Energy Minister Michael Fallon says that more details of tax incentives for shale gas development will be revealed when the Autumn Statement is announced Dec. 5.
API: Public Policy Can Change Energy Costs
Thursday, November 21, 2013 Energy costs have been down overall, but commonsense public policy changes can help put further downward pressure on costs to help American families, API Chief Economist John Felmy says.
House Backs Bill To Speed Natural Gas Pipelines
Thursday, November 21, 2013 The House has approved a bill to speed approval of natural gas pipelines, the third bill passed this week to boost energy production in the US.
Poland's New Environment Minister Calls Shale Gas His Priority
Wednesday, November 20, 2013 Poland's new environment minister Maciej Grabowski says that shale gas will be his priority.
Report: Romanian Romgaz to Partner Lukoil on Black Sea Exploration
Wednesday, November 20, 2013 Romgaz to partner Lukoil in drilling two exploration wells in the Black Sea in 2014.
House OKs Bill To Speed Oil, Gas Drilling
Wednesday, November 20, 2013 The House approves a bill aimed at speeding up drilling for oil and natural gas.
Scotland Exported $48B of Oil, Gas in 2012
Wednesday, November 20, 2013 The Scottish government estimates for the first time the size of Scotland's oil and gas exports to the rest of the UK and international markets.
US Lawyer Denies Bribery At Trial in Chevron-Ecuador Case
Tuesday, November 19, 2013 A US lawyer denies using bribery to win a multibillion-dollar judgment against Chevron in Ecuador, even as the oil company's lawyer raised tough questions about evidence.
Statoil Pays Up for Oseberg Wash Water Incident
Tuesday, November 19, 2013 Norway's Statoil decides to accept $1.7 million fine for Oseberg wash water incident.
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