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'Unfixable' Halliburton Bid Felled by Global Scrutiny
Monday, May 02, 2016 Halliburton's "unfixable" plan to merge with Baker Hughes finally collapsed under the weight of worldwide antitrust opposition.
Baker Hughes to Buy Back Stock, Debt After Halliburton Deal Fails
Monday, May 02, 2016 Baker Hughes said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton.
OTC 2016: Cambodia Decision on First Oilfield Development by Year End
Monday, May 02, 2016 Cambodia expects a decision to develop the country's first oilfield at Block A by year end, a senior government official says.
How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say
Monday, May 02, 2016 From industry consultants to business owners, US oil and gas leaders say a deluge of government regulation and intrusion makes the downturn more challenging.
US Supreme Court rejects appeal in shareholder suit against BP
Monday, May 02, 2016 The US Supreme Court declines a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill.
Cambodia Terminates Petroleum Agreement for CPHL-Held Offshore Block D
Friday, April 29, 2016 Cambodia's Ministry of Mines and Energy terminates the petroleum agreement of offshore Block D held by Mirach Energy's associate firm CPHL.
Great Australian Bight May Generate $765M in N/T Exploration Spending
Friday, April 29, 2016 Australia's APPEA says the industry may spend more than $765 million on near-term exploration work if current plans to develop the Great Australian Bight resources were approved.
Pemex Says $8B More In Government Aid Could Be On Its Way
Friday, April 29, 2016 Mexico is doing everything it can to salvage its cash cow, and the next step may be to reimburse the oil giant for $8 billion in pension liability savings.
Sound Energy Expects to Receive Permission to Drill Badile Well in May
Thursday, April 28, 2016 Sound Energy expects to receive written permission to drill a well in the Badile permit in Northern Italy from the Italian Ministry of Economic Development during May.
Singapore High Court Grants Stay of the Action in PPLS-MPD Jackup Spat
Tuesday, April 26, 2016 Singapore High Court grants Marco Polo Drilling a stay of the action on arbitration proceedings commenced by PPL Shipyard over the termination of a jackup construction contract.
COLUMN: UK's Abandonment of EU Could Have Dramatic Impact on Oil, Gas
Monday, April 25, 2016 The debate on whether the UK should leave the European Union reveals profound risk and potential reward for the oil and gas industry.
Turkey Needs $110B In Energy Investment By 2023
Monday, April 25, 2016 Turkey will need to invest $110 billion in energy projects to help it meet its long-stated goal of becoming one of the world's top ten economies by 2023, President Tayyip Erdogan says.
Bowleven Granted 1 Year Extension to Bomono License Onshore Cameroon
Friday, April 22, 2016 Bowleven granted a 1 year extension to its existing Bomono exploration license, onshore Cameroon.
US Oil Baron Harold Hamm Endorses Trump For President
Friday, April 22, 2016 Harold Hamm, chief executive of shale oil producer Continental Resources and Mitt Romney's 2012 energy adviser, endorses US presidential candidate Donald Trump.
Alberta Unveils Further Energy Royalty Details, Industry Pleased
Thursday, April 21, 2016 The Canadian crude-producing province of Alberta releases further details of its revamped oil and gas royalty regime.
EGIS Secures Grant from OGA to Assist with North Sea Exploration
Thursday, April 21, 2016 The UK's Heriot-Watt School of Energy, Geoscience, Infrastructure & Society (EGIS) secures a $359,000 grant award from the Oil and Gas Authority to assist with exploration in the North Sea.
Halliburton Is Said to Face EU Objections to Baker Hughes Deal
Wednesday, April 20, 2016 Halliburton's troubled bid to buy oil-services rival Baker Hughes faces a formal complaint from European Union regulators as soon as this month, adding to a court fight with US antitrust officials.
Dutch Court Overturns $50B Yukos Award Against Russia
Wednesday, April 20, 2016 A Dutch court overturns an order that Russia pay $50 billion to shareholders in defunct oil company Yukos.
Kuwait Oil Workers to End Strike after Three-Day Disruption
Wednesday, April 20, 2016 Kuwait oil workers say they'll end a strike that disrupted output in OPEC's fourth-largest producer for three days, after the government said it wouldn't negotiate while the walkout lasted.
LGO Energy Commences Production Increase Operations at Goudron, Trinidad
Wednesday, April 20, 2016 LGO Energy plc begins work to increase oil production at its Goudron Field in Trinidad, following approval to perforate well GY-671.
EIA: US Crude Stockpiles Rise, Distillates Post Surprise Drawdown
Wednesday, April 20, 2016 US crude oil inventories rose slightly less than expected last week, while distillate stockpiles posted an unexpected and huge drawdown, data from the EIA shows.
WA DMP Approves Pilot Energy's Acquisition of Stake in EP437 Permit
Wednesday, April 20, 2016 Western Australian Department of Mines & Petroleum approves Pilot Energy's acquisition of an interest in the state's EP437 exploration permit.
Who Speaks For Saudi Arabia On Oil, Rivals And Allies Wonder
Tuesday, April 19, 2016 As far as Venezuelan oil minister Eulogio Del Pino is concerned, Ali al-Naimi is no longer the voice of authority for Saudi Arabia.
Investment in Iran's Oil, Gas Upstream to Come Slowly
Tuesday, April 19, 2016 Further growth in Iranian production volumes will be deterred by slow investment in Iran's upstream oil and gas industry.
Egypt to Launch New Oil Exploration Round Next Week
Tuesday, April 19, 2016 Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez.
Iran's Crude Output to Reach Pre-Sanctions Level by June
Tuesday, April 19, 2016 Iran's crude oil production will reach pre-sanctions levels within two months, according to a deputy oil minister.
Latam Oil Producers May Help Provide Rebalancing That Doha Could Not
Tuesday, April 19, 2016 Latin American crude producers under financial strain may help provide a vehicle for market rebalancing that OPEC members and other oil states failed to deliver at the Doha meeting.
Big Oil's `Rock Star' in Congress Runs Rig Tours for Support
Monday, April 18, 2016 Congressman Steve Scalise is one of the oil industry's busiest tour guides in Congress.
Australia State Bans Underground Coal Gas Drilling
Monday, April 18, 2016 Australia's Queensland state bans underground coal gasification, a process used to convert coal into gas.
Italy Drilling Referendum Fails to Draw Necessary Quorum
Monday, April 18, 2016 A referendum aimed at curbing Italy's offshore oil and gas industry was sunk on Sunday when it failed to secure the necessary quorum.
Norway's PM Urges HHI to Continue Cooperation with Norwegian Partners
Monday, April 18, 2016 Norway's Prime Minister Erna Solberg urges South Korea's shipyard Hyundai Heavy Industries to continue cooperation with partners in her country for mutual growth.
Norway's Oil Firms, Unions Seek Opening of Arctic Islands to Exploration
Monday, April 18, 2016 Oil firms and trade unions in Norway are calling for the opening of a pristine Arctic archipelago to oil exploration to counter an expected decline in offshore production.
Oil Pares Drop as Kuwait Worker Strike Counteracts Doha Failure
Monday, April 18, 2016 Oil narrows decline as a labor strike in Kuwait cut output, counteracting the failure of producing nations to reach an output-freeze agreement in Doha.
Primeline Begins Arbitration Over Zhejiang Gas' Breach of Sales Contract
Monday, April 18, 2016 Primeline Energy commences arbitration proceedings against Zhejiang Gas Natural Gas Development Company over gas sales from the LS36-1 field in East China Sea.
Sanders Opposes Constitution Pipeline Between Pennsylvania, NY
Monday, April 18, 2016 US Democratic presidential candidate Bernie Sanders opposes a proposed natural gas pipeline between Pennsylvania and New York.
Another Former OPEC member, Gabon, Wants to Rejoin Oil Group
Friday, April 15, 2016 Gabon wants to rejoin OPEC after more than 2 decades, becoming the second former member in a year to seek a return to the oil exporters' group just as it is taking the first steps in years to prop up prices.
Kemp: Doha Meeting Might Not Matter Much for Oil Prices
Friday, April 15, 2016 Kemp says expectations that upcoming Doha meeting between OPEC and non-OPEC countries are already pretty low.
Mexico Oil Regulator Sweetens Terms For December Deepwater Auction
Friday, April 15, 2016 Mexico's oil regulator voted to improve the terms for its first-ever deepwater auction in December, giving energy companies and investors more flexibility to structure their bids as oil prices have slumped over the past two years.
SandRidge Says It Is No Longer Target of Antitrust Probe
Friday, April 15, 2016 Oil and gas producer SandRidge Energy says it's no longer a target of a federal grand jury probe concerning antitrust violations related to leasing of oil and gas properties.
Linc Energy Enters into Voluntary Administration
Friday, April 15, 2016 Singapore-listed Linc Energy appoints Stephen Longley, Grant Sparks and Martin Ford as administrators as the company tries to restructure its debt.
After Global Oil Freeze Deal, Prospects for Cuts Unclear and Remote
Thursday, April 14, 2016 Global producers unlikely to cut oil output soon after an output freeze initiative, OPEC sources say.
Putin: Russia Seeking Strategic Investor to Buy Rosneft Stake
Thursday, April 14, 2016 President Vladimir Putin says Russian government wants a strategic investor to buy a 19 percent stake in Rosneft as part of privatization plan.
US Senator Seeks to Strip Loophole from Commodities Bill
Thursday, April 14, 2016 Sen. Sherrod Brown, D-Ohio, trying to strip the key part of a bill authorizing the work of the nation's commodities and swaps regulator.
NOPTA Approves Cue's WA-359-P Work Program Suspension, Extends Permit Term
Thursday, April 14, 2016 The National Offshore Petroleum Titles Administrator approves Cue Energy's request to suspend the work program for WA-359-P off Western Australia and extend the permit term.
NPD Grants Det Norske Drilling Permit for Well 16/1-26 A
Thursday, April 14, 2016 The Norwegian Petroleum Directorate grants Det norske oljeselskap AS a drilling permit for well 16/1-26 A, located offshore Norway.
US Sets New Offshore Oil Safety Rules
Thursday, April 14, 2016 The Obama administration unveils new oil well control rules to prevent the kind of blowout that happened six years ago on a BP rig in the Gulf of Mexico.
Doha Oil Meeting Likely to Yield 'Partial Output Freeze'
Wednesday, April 13, 2016 Analysts at Moscow-based Sberbank CIB believe that the most likely outcome of a meeting of leading global oil producers in Doha on Sunday is a partial output freeze that supports a limited rise in oil prices.
Genel, DNO, Gulf Keystone Receive KRG Payments
Tuesday, April 12, 2016 Genel Energy plc, DNO ASA and Gulf Keystone Petroleum Ltd receive payments from the Kurdistan Regional Government for crude oil exports in March from the Kurdistan Region of Iraq.
EU Regulators Resume Scrutiny of Halliburton, Baker Hughes Deal
Tuesday, April 12, 2016 EU competition regulators resume their scrutiny of US oil industry services group Halliburton's plan to acquire smaller rival Baker Hughes.
Oilfield Services Provider Carbo Ceramics' Executives To Take Pay Cut
Monday, April 11, 2016 Carbo Ceramics said its executives would take a 10-30% cut in their monthly cash compensation as the company looks to slash costs.
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