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News Topics: Govt & Regulatory

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Tethys Gets 15 Years Extension to Kyzyloi Production Contract
Friday, January 23, 2015 Tethys Petroleum gets permission from the Kazakh government to extend the Kyzyloi Gas Production Contract to December 2029.

Indonesia Plans to Offer 8 Oil, Gas Exploration Blocks in 2015
Thursday, January 22, 2015 Indonesia plans to offer eight oil and gas exploration blocks this year through direct negotiation and regular tender, according to an official of the energy and mineral resources ministry.

Minister: Total Likely to Ditch Cyprus Offshore Gas Search
Wednesday, January 21, 2015 France's Total is likely to abandon a search for oil and gas off Cyprus after failing to find tangible evidence of reserves.

Faroe, Lundin, Cairn Score Norway License Wins
Wednesday, January 21, 2015 Faroe Petroleum and Lundin Petroleum issue details of licenses they have secured in Norway's latest offshore licensing round.

Cuadrilla Gets Planning Set Back to its Fracking Plans
Wednesday, January 21, 2015 Local planning officers deal a blow to Cuadrilla's fracking plans at Preston New Road and Roseacre despite the award of Environment Agency permits.

Deputy PM: Russia May See Oil Output Fall by 1M BPD at Most
Wednesday, January 21, 2015 Russia may see a natural decline in oil output by around 1 million barrels per day but has no plans to cut production in coordination with OPEC, says the country's deputy prime minister.

BP Asks For Lower Fine In Penalty Phase Of Gulf Spill Trial
Tuesday, January 20, 2015 BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.

Norway Moves Arctic Ice Edge North, Oil Firms On Alert
Tuesday, January 20, 2015 Norway's energy ministry launches an Arctic-focused oil and gas licensing round.

PNG LNG Project Nears Financial Completion, Ends 120-Day Operational Test
Tuesday, January 20, 2015 Oil Search discloses that the PNG LNG Project has successfully completed the 120-day operational test, moving the development towards financial completion.

ExxonMobil PNG Receives License to Develop P'nyang Field in PNG
Monday, January 19, 2015 ExxonMobil PNG receives petroleum development license for P'nyang field in Papua New Guinea.

Oilex Get Gas Sale Go-Ahead for Cambay-77H Well
Monday, January 19, 2015 Asia-focused Oilex gets the go-ahead from the Indian government to sell gas from its Cambay-77H well.

Eni Gets 3-Year Exploration Extension for Block 15/06, Angola
Monday, January 19, 2015 Italy's Eni obtains a three-year extension to the exploration period for its Block 15/06 concession, offshore Angola.

Indonesia Scraps Land Tax on Oil and Gas Exploration
Friday, January 16, 2015 Indonesia scraps a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern that it could fall sharply due to tumbling oil prices.

BP's Fine for Gulf of Mexico Spill Capped by Ruling
Friday, January 16, 2015 BP faces a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill thanks to a judicial ruling.

Canada's Oliver Says Economy In 'Pretty Good' Shape Despite Oil
Friday, January 16, 2015 Canadians should not be "unduly pessimistic" about the economic impact of the recent slide in oil prices, Finance Minister Joe Oliver says.

Globo: Brazil Energy Minister Says Petrobras CEO to Keep Her Job
Friday, January 16, 2015 Maria das Gracas Foster will keep her job as CEO of Petrobras despite calls for her resignation after a corruption scandal at the state oil company, Brazil's Energy Minister Eduardo Braga says.

Mexico Has Stamina to Maintain Energy Reform
Friday, January 16, 2015 Mexico is committed to energy reform, but will need to show more flexibility in the bidding terms proposed for Round One, a Mexico policy expert reports.

Thailand to Proceed with Exploration Block Bidding Round Despite Opposition
Friday, January 16, 2015 Thailand will proceed with its latest petroleum exploration and production bidding round despite domestic opposition to the plan.

Shale Firm Cuadrilla Wins UK Exploration Permits
Friday, January 16, 2015 The UK's Environment Agency grants permits to shale gas firm Cuadrilla Resources to carry out exploration at a site in northwest England.

Canada Postpones Three Amigos Summit Amid Keystone XL Tension
Thursday, January 15, 2015 Canada postpones a summit with the leaders of the United States and Mexico amid persistent tensions over the construction of TransCanada's Keystone XL pipeline and other issues.

Mexico Says Oil Slump Could Delay Some Tenders, Hit Public Spending
Thursday, January 15, 2015 Mexico says that the tenders for the exploration and production of shale and other more expensive oil and gas deposits could happen later than planned due to the slump in oil prices.

Norway Oil Spending, Output to Fall on Low Crude Prices
Thursday, January 15, 2015 Norwegian energy investments are set to tumble this year, exacerbating a drop in oil production.

DMP Assists Police in Yulleroo 2 Well Gas Leak Probe in Western Australia
Thursday, January 15, 2015 Western Australia's Department of Mines and Petroleum is assisting the police in Broome with their investigations to identify the persons who may have damaged Buru Energy's gas well in the state.

White House To Curb Methane Emissions From Oil, Gas Production
Wednesday, January 14, 2015 President Obama's administration unveils rules to slash methane emissions from oil and gas production by up to 45% from 2012 levels by 2025.

Statoil Hands Back 3 Greenland Exploration Licenses
Wednesday, January 14, 2015 Statoil hands back three of its four Greenland offshore oil and gas exploration licenses in another sign of cost cutting by energy firms amid the plunge in oil prices.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments
Wednesday, January 14, 2015 The collapse in oil prices may delay the efforts of UAE-based Dana Gas to recover overdue payments from Egypt, say its CEO.

KrisEnergy Completes Acquisition of Sumatra's Block A Aceh PSC
Tuesday, January 13, 2015 KrisEnergy completes acquisition of Block A Aceh production sharing contract in Sumatra, Indonesia from Premier Oil.

Saudi Oil Minister Holds Talks With US Energy Deputy
Tuesday, January 13, 2015 Saudi Oil Minister Ali al-Naimi met US Deputy Energy Secretary Elizabeth Sherwood-Randall in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reports.

US Senate Takes Up Keystone XL Bill As Showdown With Obama Looms
Monday, January 12, 2015 The Senate will start debate on a bill to approve the Keystone XL oil pipeline as Republicans try to line up enough votes to overcome a potential veto by President Barack Obama.

In Court And Congress, Obama's Resistance To Pipeline Tested
Friday, January 09, 2015 In a double blow, the newly empowered Republican-led Congress and the Nebraska Supreme Court undercut President Barack Obama's opposition to the long Keystone XL oil pipeline.

Egypt Signs Six New Oil And Gas Exploration Deals
Friday, January 09, 2015 Egypt signs six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry says.

Philippines DOE Approves PNOC-EC's Transfer of 10% Stake in SC 63 to Nido
Friday, January 09, 2015 The Philippines Department of Energy approves the transfer of 10 percent stake in Service Contract 63 offshore the Philippines by PNOC-EC to Nido Petroleum.

Canada PM: Resilient Oil Industry Will Survive Low Prices Shock
Thursday, January 08, 2015 Canadian Prime Minister Stephen Harper says the country's energy industry was resilient and could survive the stresses caused by plunging crude oil prices.

Senate Panel Takes Up Pipeline Bill Despite Veto Threat
Thursday, January 08, 2015 A Senate committee has taken up a bill approving the Keystone XL pipeline with plans to move it toward the full Senate, despite a veto threat from the White House.

PM: Norway's GDP Growth Seen Dragged Down By Low Oil Price
Thursday, January 08, 2015 Norway's economic growth will be lower in 2015 than previously predicted due to the low oil price, Prime Minister Erna Solberg says.

JKX Suspends its Ukrainian Investment Program
Wednesday, January 07, 2015 Junior producer JKX Oil & Gas says it is suspending its 2015 capital investment programme in Ukraine as a result of a government decree restricting the sale of gas to industrial customers.

Obama Advisers To Recommend Veto Of House Keystone Bill
Wednesday, January 07, 2015 President Barack Obama's advisers will recommend he veto a House bill approving construction of the Keystone XL oil pipeline if the legislation reaches his desk, the White House said in a statement.

King Says Saudi Arabia to Deal with Weak Oil Challenge with 'Firm Will'
Tuesday, January 06, 2015 King Abdullah says Saudi Arabia will deal with the challenge posed by lower oil prices with a 'firm will'.

Israel's New Rules On Natural Resources Putting Off Investors
Tuesday, January 06, 2015 New regulations in Israel's natural gas and mining industries are scaring off investors.

Republicans Push Keystone Bill, White House Threatens Veto
Tuesday, January 06, 2015 Republican senators kick off the new US Congress with legislation to approve the hotly disputed Keystone XL oil pipeline, but the White House promptly threatened a veto.

Govt Sources: China Struggles to Find Prospective Blocks for Shale Auction
Monday, January 05, 2015 China is struggling to find attractive shale gas blocks to offer in a third auction of concessions, government sources say, increasing the sense that the country's output potential may be overblown.

Eni, Rockhopper Give Further Details of Croatia License Award
Monday, January 05, 2015 Eni and Rockhopper Exploration provide further details of their award of Block 9 in the Adriatic Sea off Croatia.

Dana Gas Paid $60M by Egyptian Government
Monday, January 05, 2015 Egypt's government pays Dana Gas $60 million of $212 million overdue payments.

Big Threat For Obama's Climate Efforts From GOP-Run Congress
Monday, January 05, 2015 The GOP vows to move fast and forcefully to roll back Obama's environmental rules and force his hand on energy development.

Croatia Awards 10 Adriatic Oil, Gas Exploration Licenses
Friday, January 02, 2015 A consortium of Houston-based Marathon Oil and Austria's OMV won seven of 10 licenses awarded for oil and gas off Croatia's Adriatic coast.

FACTBOX - In Keystone Pipeline Case, What Might Nebraska Do?
Friday, January 02, 2015 Nebraska's Supreme Court could help settle the fate of the Keystone XL pipeline when it decides whether state lawmakers were right to clear the way for the project to help carry oil from Canada's oil sands to the U.S. Gulf Coast.

Senate Panel Plans to Introduce Keystone XL Bill Next Week
Friday, January 02, 2015 The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline.

INSIGHT: Failure to Stop Petrobras Scandal Could Haunt Brazil's Rousseff
Friday, January 02, 2015 When federal investigators first identified signs of corruption at Petrobras in 2009, Dilma Rousseff insisted Brazil's state-run oil company had nothing to hide.

Obama Move On US Oil Exports Paves Way For Canadian Crude, Too
Wednesday, December 31, 2014 As the Obama administration issues guidelines to open the door for selling more domestic shale oil abroad, it has also likely smoothed the way for more Canadian crude to be shipped through US ports.

TIMELINE: Push To Relax US Oil Export Ban Ends 2014 With Breakthrough
Wednesday, December 31, 2014 About one year after the Secretary of Energy Moniz first raised the 4-decade-old ban as an item for discussion, the Department of Commerce on Dec. 30 took steps toward allowing export of the oil.

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