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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.
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.
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.
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.
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.
Record Low Interest In US Gulf Of Mexico Leases Amid Oil Price Slump
Wednesday, August 19, 2015 A US government sale of oil and gas drilling leases in the western Gulf of Mexico attracts the lowest number of bids on record.
SKK Migas Approves Tiung Biru, Jambaran Field Development Plan in Java
Wednesday, August 19, 2015 Indonesia's upstream regulator SKK Migas approves a revised development plan for the Tiung Biru and Jambaran fields in Java.
EPA Rule to Have Limited Production, Cost Impact
Wednesday, August 19, 2015 The EPA's proposed rule to cut methane emissions from oil and gas operations will have limited impact on US production and cost, analysts say.
Venezuela State Oil Company Head to Also Lead Oil Ministry
Wednesday, August 19, 2015 The head of Venezuelan state oil company PDVSA, Eulogio Del Pino, will also run the OPEC country's Oil Ministry.
WHL Energy Receives Approval to Vary Work Program
Wednesday, August 19, 2015 WHL Energy receives approval from the authorities to vary its work program for exploration permit VIC/P67 in the Otway Basin, offshore Australia.
Groups Say Proposed EPA Rules to Add Costly Burden to Oil, Gas Industry
Tuesday, August 18, 2015 A proposed EPA rule to regulate methane emissions from oil and gas operations will add a "costly burden" to the oil and gas industry, say industry groups.
UK Awards 27 Blocks for Shale Exploration in Latest Licensing Round
Tuesday, August 18, 2015 The Oil & Gas Authority announces that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies involved in shale gas exploration.
Clinton Parts With Obama Administration On Arctic Drilling
Tuesday, August 18, 2015 US Democratic presidential candidate Hillary Clinton staked out her opposition to Arctic oil exploration, putting her at odds with the Obama administration one day after it approved drilling off Alaska.
Brazil Regulator Tells Shell, Partners To Develop 2 Oilfields As One
Monday, August 17, 2015 Brazil's ANP rules that Shell and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit.
Fed's Involvement May Limit Banks during Fall Review of Energy Loans
Monday, August 17, 2015 Federal regulators renewed interest in how banks value the assets of their oil and gas investments may reduce banks' flexibility to meet client needs.
Russia's Rosneft Registers to Take Part in Brazil Licensing Round
Monday, August 17, 2015 Russia's Rosneft says it is taking part in Brazil's 13th oil and gas licensing round.
Nigeria's NNPC to Review Production-Sharing Contracts, Joint Ventures
Monday, August 17, 2015 The new head of the Nigerian National Petroleum Corp says he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the global oil and gas industry".
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