Results50 articles shown
Senegal JV Partners Receive 3-Year PSC Extension
Friday, November 27, 2015 FAR Ltd, along with its joint venture partners, receives a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.
UK Uses New Powers to Rule on Cuadrilla Shale Gas Permits
Friday, November 27, 2015 The UK will use new powers to determine whether to allow shale gas firm Cuadrilla Resources to carry out fracking at two sites in northwest England.
UAE's Dragon Oil in Talks with Turkmenistan on $10B TAPI Pipeline
Friday, November 27, 2015 UAE's Dragon Oil is in talks with Turkmenistan on its potential involvement in the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline project.
Glencore Sees Tripoli-based NOC as Sole Legal Seller of Libyan Oil
Thursday, November 26, 2015 Glencore recognizes Libya’s Tripoli-based National Oil Corporation as the sole legal marketer of the country’s oil.
Autumn Statement: Thin on Detail about Support for UK Oil, Gas
Wednesday, November 25, 2015 Chancellor of the Exchequer George Osborne says little about supporting the UK's offshore oil and gas sector in his Autumn Statement but confirms a new GBP 1 billion shale gas wealth fund.
Indonesia's Pertamina Replaces 'Problematic People' Amid Graft Pro
Wednesday, November 25, 2015 Indonesia's Pertamina replaces 'problematic people' at its oil trade unit, according to the country's energy minister.
China's NDRC Approves Development of the Sanjiao CBM Project in Ordos Basin
Tuesday, November 24, 2015 Sino Oil and Gas says the Chinese authorities have approved the development plan for the Sanjiao Coal Bed Methane Project in China's Ordos Basin.
KrisEnergy Secures Govt Approval for Rossukon Production Area Off Thailand
Monday, November 23, 2015 KrisEnergy secures government approval for the Rossukon Production Area in Block G6/48 in the Gulf of Thailand.
EIA: Shale Drilling Boosted US Oil, Gas Reserves In 2014
Monday, November 23, 2015 Reserves of oil and natural gas in the United States shot higher last year, according to government data.
Saudi Arabia Says Ready To Work With Others To Stabilize Oil Market
Monday, November 23, 2015 Saudi Arabia's cabinet says it is ready to cooperate with OPEC and non-OPEC countries to achieve market stability.
Oil Slump Puts Canada in C$3B Hole as Trudeau Takes Reins
Friday, November 20, 2015 Canada's finances are taking a bigger hit than projected from the oil-price slump, putting the country on pace for red ink even before Prime Minister Justin Trudeau kicks off his plan for deficit spending.
Global Downturn is Rare Opportunity for Israel to Recruit Oil, Gas Talent
Thursday, November 19, 2015 Israel has a once-in-a-generation opportunity to recruit the oil and gas talent it needs to exploit its natural gas resources and turn itself into an important oil and gas hub in the eastern Mediterranean.
Shell-BG Merger Takes Another Step Forward After Securing ACCC Clearance
Thursday, November 19, 2015 Shell's proposed acquisition of BG takes another step forward after getting clearance from the Australian Competition and Consumer Commission.
Govt Inquiry Says WA Regulators Equipped to Handle Shale, Tight Gas Sector
Thursday, November 19, 2015 Western Australia's Department of Mines and Petroleum says findings from a parliamentary inquiry revealed that regulators are equipped to manage the developing shale and tight gas industry in the state.
Safety Risks Prompt Dutch Court To Order Cuts At Groningen Gas Field
Wednesday, November 18, 2015 A Dutch court orders more cuts in gas production at Groningen, Europe's largest gas field, due to stronger and more frequent earthquakes.
Moody's: Nigeria's Oil Output Could Fall By 2017 Unless Investments Boosted
Wednesday, November 18, 2015 Nigeria's oil output could drop by as much as 15% by 2017 unless the government attracts more investment and resolves cash shortages at state oil firms, a senior Moody's analyst says.
Oil, Gas Industry Welcomes UK Government's Pro-Gas Energy Policy
Wednesday, November 18, 2015 Oil & Gas UK and UKOOG welcome Energy Secretary Amber Rudd's plan to see natural gas play a central part in the future of power generation in the UK.
Industry Body: Canada Oil Well Drilling To Contract Again In 2016
Wednesday, November 18, 2015 The number of oil wells drilled in Canada will shrink further in 2016, the Canadian Association of Drilling Contractors says.
OGA Approves UKOG Acquisition of Weald Basin License
Wednesday, November 18, 2015 The UK's Oil & Gas Authority gives UKOG consent to acquire a 20-percent interest in UK onshore Weald Basin license PEDL143.
BP's Drilling Plan Offshore Australia Turned Back by Regulator
Tuesday, November 17, 2015 BP will need to revise its plan to explore for oil in an untapped frontier off the coast of southern Australia before regulators will approve its drilling program estimated to cost more than $710 million.
East Timor Appeals to Australian Public in Border Dispute
Tuesday, November 17, 2015 East Timor is seeking Australian public support to try to persuade Canberra to settle a longstanding maritime border dispute, a senior minister says.
Australian Regulator Rejects BP Oil Exploration on Environmental Grounds
Tuesday, November 17, 2015 Australian regulator NOPSEMA rejects an application from BP to explore for oil off the coast of southern Australia.
UOG 2015: PM Netanyahu to End Israeli Gas Deadlock 'Within Weeks'
Tuesday, November 17, 2015 Israeli PM Benjamin Netanyahu will soon sign a document that will lead to the resumption of efforts to develop Israel's natural gas sector, according to Energy Minister Dr. Yuval Steinitz.
Russia to Put Last Large West Siberia Oilfield Up for Sale
Tuesday, November 17, 2015 The Russian government is to sell its last remaining large oilfield in West Siberia early next year, the Natural Resources Ministry says.
Texas Official Raises Terror Alarm over Border Access to Pipelines
Tuesday, November 17, 2015 Tragic terrorists attacks in Paris highlight the need to secure the border to protect oil and gas infrastructure from potential ISIS attacks, state official tells feds.
Iraq Oil Deal, Gas Finds, Could Help Egypt Become Energy Export Hub
Monday, November 16, 2015 Increased domestic energy production in coming years could allow Egypt to re-export Iraqi oil as part of a larger plan to become an energy export hub, says the country's petroleum minister.
India Plans to Free Natural Gas Prices Under New Auction Rules
Monday, November 16, 2015 India plans to free prices of locally extracted natural gas and allow producers marketing autonomy as part of new rules for auctioning exploration blocks.
Mexico Submits Request To Join IEA
Monday, November 16, 2015 Mexico submits a request to join the International Energy Agency.
MOL Wants Change In Croatia Before Taking Bigger INA Stake
Friday, November 13, 2015 Oil group MOL publicly raises the prospect of increasing its stake in Croatian peer INA for the first time in years, but said it will not do so until Zagreb adopts a more investor-friendly approach to foreign firms.
Sepia East Field, Offshore Brazil, Declared Commercial
Friday, November 13, 2015 Petrobras has submitted a declaration of commerciality to the Brazilian government for the Sepia East field located in the Santos Basin.
APPEA Says Australia Doesn't Need New Parliamentary Inquiry Into Gas Sector
Friday, November 13, 2015 The Australian Petroleum Production and Exploration Association says Australia does not need another politically motivated and costly parliamentary inquiry into the local natural gas industry.
Eldridge Pleased with Reaffirmation of Patent Ruling
Thursday, November 12, 2015 Eldridge officials expect to receive just over $800,000 in lost profits as a result of a patent infringement lawsuit found in their favor.
Dutch Court to Rule on Groningen Gas Output Nov. 18
Thursday, November 12, 2015 A Dutch court will rule on November 18 regarding production at the huge Groningen natural gas field, which has caused earthquakes in the Netherlands.
China's Shouyang CBM PSC Operator FEEC Ceases Operations
Thursday, November 12, 2015 China-focused Far East Energy Corp., operator of the Shouyang coal bed methane Production Sharing Contract in Shanxi province, ceases operations.
Colombia Oil Output Seen Slumping Below Target as Wells Drop
Wednesday, November 11, 2015 Colombia's oil production is set to fall below 1 million barrels a day next year as exploration collapses and major fields age, the head of the country's oil association said.
Indonesia Says Could Also Take China To Court Over South China Sea
Wednesday, November 11, 2015 Indonesia could take China to the International Criminal Court if Beijing's claim to the majority of the South China Sea and part of Indonesian territory is not resolved through dialogue.
Peru To Cut Oil, Gas Royalties To 5% To Counter Price Slump
Wednesday, November 11, 2015 Peru is reducing royalties on oil and gas production to about 5% on average from the current 20% in order to encourage exploration amid slumping prices, the government says.
Argentina's Supreme Court Orders YPF To Disclose Chevron Contract
Tuesday, November 10, 2015 Argentina's Supreme Court ordered YPF to fully disclose its contract with Chevron amid allegations of secret clauses in the agreement.
Israel Eyes More Offshore Gas Exploration Within 6 Months
Tuesday, November 10, 2015 Israeli Energy Minister Yuval Steinitz says he expects offshore natural gas exploration to accelerate in the next few months, with investment from some of the world's largest oil and gas companies.
Saudi Arabia Says Will Diversify Oil Economy to Slow Climate Change
Tuesday, November 10, 2015 Saudi Arabia plans to diversify its economy to help combat climate change, its government says.
Colombia To Cut Oil Taxes In Bid To Boost Offshore Exploration
Monday, November 09, 2015 Colombia will lower tax rates for oil companies drilling in some offshore blocks in the Caribbean, the Mines and Energy Minister says.
OGA Says Hurricane Can Split Up its West of Shetland License
Monday, November 09, 2015 Junior explorer Hurricane Energy is given approval by the UK Oil and Gas Authority to subdivide its P1368 license, West of Shetland.
Mexican Oil Regulator Modifies Bid Terms For December Auction
Monday, November 09, 2015 Mexico's oil regulator approves tweaks to a third auction set for next month.
UAE Pressing Ahead With Oil Expansion, Betting On Price Recovery
Monday, November 09, 2015 The United Arab Emirates is pushing ahead with large new energy projects, betting on an oil prices recovery next year.
Former BP Engineer Cleared of Obstruction in Gulf of Mexico Spill
Friday, November 06, 2015 A former BP Plc engineer charged with obstructing justice after the 2010 Gulf of Mexico oil spill pleaded guilty to a lesser charge and was sentenced to six months of probation, according to his lawyers.
Obama: KXL Would Not Serve US National Interest, May Impact Climate Change
Friday, November 06, 2015 Seven years after TransCanada Corp. initially applied for Keystone XL pipeline permit, US President Barack Obama rejects the bid.
Statoil Could Lose 5% of Agbami Interest Following Expert Calculation
Friday, November 06, 2015 Statoil's equity interest in the Agbami field, located offshore Nigeria, could be reduced by 5.17% following an expert calculation of revised tract participations for the field.
NPD Grants Start-up Consents for North Sea Oil, Gas Pipelines
Friday, November 06, 2015 The Norwegian Petroleum Directorate grants start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline, which will serve the Edvard Grieg and Ivar Aasen fields in the North Sea.
Mining Jobs Down 4,500; Loss of 2,700 in Oil, Gas Extraction
Friday, November 06, 2015 The US jobs report reveals that 2,700 jobs in oil and gas extraction were shed in October.
Anti-Corruption Strategies Still Key to Navigating Mexican Energy Sector
Thursday, November 05, 2015 Anti-corruption strategies remain key to oil and gas companies in successfully navigating Mexico's energy sector.
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