News Topics: Govt & Regulatory
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Central Inks Production Agreement for Surprise Oil Field in Amadeus Basin
Friday, December 13, 2013 Central Petroleum inks production agreement with Central Land Council for Surprise oil field in the Amadeus Basin, Northern Territory, Australia.
Mexican Congress Approves Historic Energy Bill
Thursday, December 12, 2013 Mexico's Congress votes to open the country's moribund state-run oil industry to private investment after a raucous, overnight debate over the most dramatic energy reform in decades.
Exxon Upbeat On Mexico Oil Reform, BHP Sees Potential
Thursday, December 12, 2013 Opening Mexico's oil sector to foreign investors would be "very good" for the country's people and a "win-win" for all involved, an ExxonMobil executive says.
Indonesia's PGN Says No Official Approach by Pertamina on Takeover Plan
Thursday, December 12, 2013 Pertamina wants to buy Indonesia's main natural gas distributor, according to an official.
France's Total Signs Oman Deepwater Drilling Deal
Thursday, December 12, 2013 Total signs exploration and production sharing agreement for a deepwater block offshore Oman.
North Sea's Blythe, Skipper Assets Get 3-Month Extension
Wednesday, December 11, 2013 Independent Oil & Gas says that licenses covering its Blythe and Skipper assets in the North Sea have been extended to March 31, 2014.
New Obama Adviser Will Not Work On Keystone XL
Wednesday, December 11, 2013 A new senior adviser to President Barack Obama will recuse himself from deliberations on the Keystone XL oil pipeline, the White House says.
AAG Gets Preliminary Approval to Develop Mabi CBM Project in Shanxi
Wednesday, December 11, 2013 AAG Energy obtains preliminary approval for its overall development plan for the Mabi coalbed methane project in Shanxi province, China.
Australian Government Approves Arrow's Proposed LNG Plant on Curtis Island
Wednesday, December 11, 2013 Arrow Energy receives approval from the Federal Government for its proposed liquefied natural gas plant on Curtis Island, off Gladstone, in central Queensland, Australia.
Mexican Senate Approves Oil Reform
Wednesday, December 11, 2013 Mexico's Senate approves the most dramatic oil reform in decades, moving the country closer to opening its beleaguered, state-run sector to private companies and investment.
Ex-BP Supervisors Win Dismissal of Some Manslaughter Charges
Wednesday, December 11, 2013 Two former BP supervisors win the dismissal of some of the manslaughter charges facing them over the Gulf of Mexico drilling rig explosion that killed 11 people in 2010.
Israel Grants Zion Megiddo-Jezreel Petroleum License
Wednesday, December 11, 2013 Zion Oil & Gas announces that the State of Israel's Petroleum Commissioner awarded the Company a Megiddo-Jezreel Petroleum Exploration License.
Russia Says South Stream Pipeline Agreements Trump EU Rules
Tuesday, December 10, 2013 Russia raises the stakes in a row over the Gazprom-led South Stream gas link.
EIA Sees 2014 US Natgas Output Up From 2013 Record High
Tuesday, December 10, 2013 The EIA raises its estimate for domestic natural gas production in 2014, expecting output next year to be up 1.4% from 2013's estimated record-high levels.
Ranhill to Make A Second Attempt to List on Malaysia Stock Exchange
Monday, December 09, 2013 Engineering services company Ranhill Energy and Resources is making another attempt to list on Malaysia's stock market.
Canada Plans Claim That Would Include North Pole
Monday, December 09, 2013 Canada plans to make a claim to the North Pole in an effort to assert its sovereignty in the resource-rich Arctic, the country's foreign affairs minister says.
North Sea Oil, 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.
Mexico Near Energy Reform Deal But Presentation Delayed
Friday, December 06, 2013 Mexican senators cancel a meeting where they planned to present a draft of reforms to open up the energy sector and said they might convene over the weekend instead, PRI officials say.
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.
OMV Boosts Gas Production in Pakistan
Friday, December 06, 2013 Two successful field developments in Pakistan mean that Austria's OMV is successfully boosting its gas production in the country.
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.
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