Results50 articles shown
East Kalimantan Govt Formally Takes a 10% Stake in Offshore Mahakam Block
Wednesday, October 07, 2015 Indonesia formally hands over a 10 percent stake in the offshore Mahakam Block to East Kalimantan Governor, with the interest to take effect in January 2018.
Urals Energy Expands Arcticneft License Area Boundaries
Wednesday, October 07, 2015 Urals Energy expands the boundaries of its Arcticneft license area, following a royalty payment of RR27.5 million ($443,630) to the Russian regulatory authorities.
Egypt Awards 4 Offshore Oil, Gas Exploration Licences
Tuesday, October 06, 2015 Egypt awards four new licenses to explore for oil and gas off its Mediterranean coast.
US EIA Sees Tighter 2016 Oil Market As Demand Accelerates
Tuesday, October 06, 2015 Global oil demand will grow by the most in 6 years in 2016 while non-OPEC supply stalls, according to a monthly US energy report that suggests a surplus of crude is easing more quickly than expected.
Source: Nigeria Arrests Co-Chair of Atlantic Energy over Corruption
Tuesday, October 06, 2015 An official at Nigeria's Economic and Financial Crimes Commission says that the co-chairman of local oil firm Atlantic Energy has been arrested over corruption and money laundering charges.
Russia, Saudi Energy Ministers Discussed Oil Demand, Production, Shale
Tuesday, October 06, 2015 Russia and Saudi Arabia agree to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak tells reporters.
Oil Patch Braces for Exploration Chill After Canada's Election
Monday, October 05, 2015 As Canada's oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.
US Says BP To Pay $20B In Fines For 2010 Oil Spill
Monday, October 05, 2015 BP will pay more than $20 billion in fines to resolve nearly all claims from its Gulf of Mexico oil spill 5 years ago.
Moody's: Alaska To Be Hit By Shell's Decision To Halt Oil Exploration
Monday, October 05, 2015 Shell's decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state's already struggling economy, according to Moody's.
As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Petrobras Crime Busters Fight to Keep Graft Case Spanning Brazil
Friday, October 02, 2015 Defense attorneys are trying to chip away at the judge's jurisdiction, arguing that the sprawling case that has crippled Brazil's economy and paralyzed its government should be spread across courts.
Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft
Friday, October 02, 2015 Russian oil output reached a new post-Soviet monthly high of 10.74 million barrels per day in September thanks to foreign-led projects and Rosneft, according to Russia's Energy Ministry.
Naimi: Saudi Arabia To Keep Up Energy Spending Despite Oil Drop
Friday, October 02, 2015 Saudi Arabia is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil prices, the kingdom's oil minister was quoted saying.
Somali Government Rejects Proposed UN Moratorium on Oil Deals
Friday, October 02, 2015 Somalia opposes a moratorium on oil deals that's being discussed at the United Nations as a way of stabilizing one of the world's most fragile states, Finance Minister Mohamed Adan says.
Senate Panel Passes Bill To Lift US Oil Export Ban, Future Uncertain
Thursday, October 01, 2015 A bill to lift the 40-year-old ban on US oil exports passes the Senate banking committee.
Iraq's September Oil Exports Slip to 3.052M BPD
Thursday, October 01, 2015 Iraq's oil exports fell in September to an average of 3.05 million barrels per day from 3.08 million bpd the previous month.
Egypt to Search for Oil in Iraq in First Foreign Venture
Wednesday, September 30, 2015 Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, according to the country's oil minister.
Wyoming Court Issues Injunction Against Fracking Rules For Public Lands
Wednesday, September 30, 2015 A Wyoming judge grants preliminary injunction against the federal government's regulations for hydraulic fracturing on public lands.
Iran's Cabinet Approves New Draft Oil And Gas Contracts
Wednesday, September 30, 2015 Iran's cabinet has approved a draft of international oil and gas contracts meant to attract foreign investors and oil buyers once sanctions are lifted, the Oil Ministry's Shana news agency reports.
Mexico Gets Stronger Demand In Second Oil Auction, Eni Among Winners
Wednesday, September 30, 2015 Mexico awards 3 out of 5 production-sharing contracts in the second phase of its historic oil sector opening, comfortably beating the disappointing results of the first phase.
TransCanada Submits to Nebraska Review to Speed Keystone XL
Wednesday, September 30, 2015 TransCanada is surrendering to an additional review of the Keystone XL oil pipeline and backing off from conflicts with Nebraska landowners as it struggles to win approval for the project.
Jeb Bush Energy Plan Emphasizes US Jobs, Lower Prices
Tuesday, September 29, 2015 Republican US presidential candidate Jeb Bush will lay out energy policy proposals that seek to spur job growth and take aim at President Obama's plan to limit carbon emissions from power plants.
Kazakhstan Says May Cut Oil Taxes To Spur Investment, Lift Output
Tuesday, September 29, 2015 The government in Kazakhstan is considering cutting the mineral extraction tax (MET) for some oil fields to try to reverse falling output, a senior energy official says.
Differences Surface in Indonesian Government on Abadi Gas Project Concept
Monday, September 28, 2015 Differences surface within the Indonesian government on the development concept for the Abadi gas project in Arafura Sea, eastern Indonesia, according to a local daily.
Oslo Court Rules in Favour of Norway in $1.8B Gas Pipeline Row
Friday, September 25, 2015 An Oslo court rules in favor of Norway in a lawsuit involving a group of international investors who argued that the country's decision to cut gas pipeline tariffs would cost them $1.8 billion in lost earnings.
Transocean Mentioned in Petrobras Carwash Corruption Probe
Friday, September 25, 2015 Transocean is being linked for the first time to the corruption probe of Petrobras, the state-owned energy giant at the center of Brazil's biggest corporate scandal.
Angola: Potential Production Table-Topper?
Friday, September 25, 2015 With Angola's latest onshore licensing round recently sparking back into life after multiple delays, Rigzone takes a closer look at the intricacies of the project, outlining what the new round could mean.
GE agrees export financing from UK, may create 1,000 jobs
Thursday, September 24, 2015 General Electric says it has reached an agreement with Britain's export credit agency for up to $12 billion in financing, possibly creating as many as 1,000 jobs in the country.
China to Carve Out New Oil, Gas Pipeline Firm from State Oil Giants
Thursday, September 24, 2015 China plans to create a new crude oil and liquefied natural gas pipeline transportation company, according to a report in the China Securities Journal.
Chinese Cyber Espionage Targets South China Sea Energy Companies
Thursday, September 24, 2015 Regional South China Sea energy companies are among the targets of a Chinese cyber espionage.
Russian Deputy PM Opposes Oil Tax Plan
Thursday, September 24, 2015 Russia's Deputy Prime Minister Arkady Dvorkovich criticizes finance ministry proposals to increase tax receipts from oil companies.
FinMin: Russian Oil Firms Should Revise Investment Plans amid Low Oil Price
Wednesday, September 23, 2015 Russia's oil companies should revise their investment policies to align themselves with low oil prices, says the country's finance minister.
White House Says Obama Skeptical Of Claims From Keystone Supporters
Wednesday, September 23, 2015 The White House says that President Obama has previously expressed skepticism of claims from Keystone XL supporters that the pipeline would create jobs and have a long term economic impact.
Clinton Breaks Silence On Keystone Pipeline, Opposes It
Tuesday, September 22, 2015 Democratic US presidential candidate Hillary Clinton, who has long avoided a firm position on the Keystone XL oil pipeline, broke her silence and said she opposed it.
Iraqi Kurds Dealt Setback by US Court Ruling on Oil Sale
Tuesday, September 22, 2015 A US federal court dealt a setback to efforts by Iraq's self-governing Kurds to sell Iraqi crude oil in the US, further complicating the Kurdish drive for financial independence.
Russia Dep FinMin: Oil Tax Changes to be Discussed with Putin on Tues
Tuesday, September 22, 2015 Russian deputy finance minister says that the question of changing taxation of the oil sector would be discussed with President Putin later on Tuesday.
APPEA Welcomes Josh Frydenberg as Australia's Minister for Energy
Monday, September 21, 2015 APPEA welcomes Josh Frydenberg's appointment as minister with responsibility for the energy industry, while highlighting the importance of reforms to lift productivity and cut regulatory costs.
Russian Government Readies for Prospect of $30 Oil
Monday, September 21, 2015 Russia's government has been discussing ways to tackle the tough economic environment if oil falls to as low as $30 per barrel next year.
Clinton Would Support End to Oil Export Ban Only With Concessions
Friday, September 18, 2015 Democratic presidential candidate Hillary Clinton says she would support lifting the US ban on crude exports if it meant a move toward cleaner energy.
Former Sinopec Executive to be Prosecuted for Graft
Friday, September 18, 2015 A former general manager of Chinese energy giant Sinopec Group has been expelled from the Communist Party and will be prosecuted for crimes, including bribery and abuse of power, the party's anti-corruption watchdog says.
Oaktree-led Bondholders Said to Fight Samson Chapter 11 Plan
Friday, September 18, 2015 Oaktree Capital and Blackstone gear up to fight bankrupt Samson Resources' plan to hand itself over to lenders led by Cerberus Capital Management.
Oil Drops Amid Broader Selloff as Fed Points to Global Risks
Friday, September 18, 2015 Oil drops for a second day after the US Federal Reserve left borrowing costs unchanged based on concerns about recent global economic turmoil.
Russia for 1st Time Acknowledges Low Oil Prices May Hit Output
Friday, September 18, 2015 Russia's oil production may drop if the price of crude oil falls below $40 per barrel, says Deputy Energy Minister Alexei Teksler.
House Panel Passes Bill To Repeal US Oil Export Ban
Thursday, September 17, 2015 A bill to repeal the 40-year-old ban on US crude oil exports is passed by the House of Representatives energy panel.
Australia Delays Decision on Shell Bid for BG on Gas Supply Concerns
Thursday, September 17, 2015 Australia's competition watchdog flags concerns that Shell's proposed $70 billion takeover of BG Group may lessen gas supply competition in eastern Australia and delays a final decision on the bid to November.
East Libya to Punish Oil Companies Backing Rival Government
Thursday, September 17, 2015 Libya’s internationally recognized government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude deposits.
Mexico's Bid Round Hurt by Consortia Restrictions
Thursday, September 17, 2015 Restrictions on partnership flexibility hurt Mexico's recent bid round, says an oil company executive at a conference in London.
Texas Railroad Commission: Drilling Permits in Texas Down 65% in August
Tuesday, September 15, 2015 The Texas Railroad Commission says well completions and permits for new wells in the state are lower than 2014 numbers.
White House Says It Does Not Back US House Bill To Repeal Oil Export Ban
Tuesday, September 15, 2015 The White House says it does not support a bill in the US House of Representatives to repeal the 40-year-old ban on exports of crude oil.
China's CNPC to Shut Hotels, Ditch Cars in Graft Crackdown
Monday, September 14, 2015 China National Petroleum Corp. will sell off most of its hotels by the end of 2017 and get rid of more than 4,000 company cars as part of efforts to root out corruption and waste, it says.
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