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News Topics: Govt & Regulatory

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Mexican Lawmakers Approve Key Plank Of Energy Reform With Tweaks
Tuesday, July 29, 2014 Lawmakers in Mexico's lower house approve a key package of bills needed to implement a landmark energy overhaul.

US Judge Signs Order To Seize Kurdish Oil From Tanker Off Texas
Tuesday, July 29, 2014 Iraq files a suit in a Texan court to gain control of a cargo of crude oil from Iraqi Kurdistan that it says was sold without its permission.

API Launches New Standard for Subsea Capping Stacks
Tuesday, July 29, 2014 API unveils new guidelines for the design, manufacture and use of subsea capping stacks.

Brazil's ANP Fines Petrobras Over Output Measures
Monday, July 28, 2014 Brazil's petroleum regulator, the ANP, fines state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems are discovered with gauges used to measure oil and gas output in the Lula offshore field.

Paper: Russia's Sechin Proposes Profit-based Tax for Oil
Monday, July 28, 2014 Rosneft CEO proposes changing oil taxation to a system based on profit rather than system linked to global oil prices.



Britain Opens New Onshore Oil and Gas Licensing Round
Monday, July 28, 2014 The British government says it has opened a new licensing round for companies wanting to explore for onshore oil and gas.

UK Announces 14th Onshore Licensing Round
Monday, July 28, 2014 UK Energy Minister Matthew Hancock announces the country's 14th Landward Licensing Round.

Brazil Regulator Approves Petrobras Plan to Upgrade Marlim Field
Friday, July 25, 2014 Brazil's oil regulator ANP approves a plan by Petrobras to renew its development plan for the Marlim offshore oil field, one of the country's largest.

Inside Xi Jinping's Purge of China's Oil Mandarins
Friday, July 25, 2014 Oil executive Jiang Jiemin rose to power in Communist China in time-honored fashion: by hitching his star to a mighty mentor.

Iraqi Kurdish Oil Nears US Port Despite Concern in Washington
Friday, July 25, 2014 Oil from Iraqi Kurdistan is just two days away from arriving at a US port despite Washington's concern about independent oil sales from the region.

Rosneft Lines Up Anti-Sanctions Measures, Net Income Up
Friday, July 25, 2014 Russia's biggest oil producer Rosneft says it has been seeking ways to cope with the negative impact of international sanctions, as it reported higher net income Helped by a stronger rouble.

Thai Military Delays Finalizing Energy Reform
Friday, July 25, 2014 Thailand's military government will delay finalizing details of energy reform, which could compound uncertainty about the country's oil and gas sector.

U.S. State Department Names Hochstein Acting Energy Envoy
Friday, July 25, 2014 The U.S. State Department names Amos Hochstein as Washington's top energy diplomat, taking over as acting head of the Bureau of Energy Resources.

Baraka Resolves Dispute Over 2 Exploration Permits in Georgina Basin in NT
Thursday, July 24, 2014 Baraka Energy & Resources resolves dispute with partners over two exploration permits in Georgina Basin, Northern Territory, Australia.

Metgasco Updates on Legal Action to Lift Suspension of Rosella-1 Drilling
Thursday, July 24, 2014 Metgasco updates on its Supreme Court action to lift the state government' suspension of its approval to drill the Rosella exploration well in PEL 16 in northern New South Wales, Australia.

UK Proposes New Tax Allowance for Ultra HP/HT Fields
Wednesday, July 23, 2014 HM Treasury announces a consultation on a new "cluster area allowance" to encourage investment in ultra-high pressure, high temperature oil and gas fields.

Oil Companies Begin Bidding For Blocks In Colombia Auction
Wednesday, July 23, 2014 Colombia begins block auction in an effort to raise output from around 1 million barrels per day and increase stagnant reserves.

EU Says Could Halt Technology for Russia to Develop Arctic Oil, Gas
Wednesday, July 23, 2014 EU should not give Russia technical help to develop Arctic oil and gas if Moscow does not help defuse the Ukraine crisis, says EU Energy Commissioner Guenther Oettinger.

US Proposes New Rules For Moving Crude Oil By Rail
Wednesday, July 23, 2014 The US Department of Transportation proposes an overhaul of safety standards for transporting crude oil and ethanol by rail.

Mexican Senate Approves Bulk Of Pending Energy Legislation
Tuesday, July 22, 2014 Mexico's Senate completes approval of the bulk of legislation setting out rules and regulations for President Nieto's opening of the oil and gas market, the cornerstone of his economic agenda.

Paper: Putin Mulls End To Gazprom Monopoly On Pipeline Gas Sales To China
Tuesday, July 22, 2014 Russia's president is thinking about allowing gas producers other than Gazprom to export gas from new eastern fields, according to the Vedomosti newspaper.

Syria Says Crisis Has Cost Its Oil Sector $23.5B
Tuesday, July 22, 2014 Syria's oil sector has lost around $23.5 billion due to damage to facilities and pipelines, looting and production delays since the start of the country's crisis in 2011 and output has fallen sharply.

Gabon Picks Seven Companies For Final Oil Block Talks
Monday, July 21, 2014 Gabon selects seven companies for a final round of negotiations as part of an offshore licensing round the government hopes will reverse a chronic decline in output, the country's oil ministry says.

North Sea Oil, Gas Firms Hold Off on Investment
Friday, July 18, 2014 A Deloitte report shows that drilling activity on the UK Continental Shelf has almost halved in three months while asset deals have also plummeted.

Mexico Senate Gives General Approval To Key Energy Reform Bill
Friday, July 18, 2014 Mexico's Senate gives general approval early to a key bill to regulate the opening of the oil and gas industries to private investment, the centerpiece of President Enrique Pena Nieto's economic reform agenda.

Mubadala Inks Agreement To Help Further Develop Somalia's Petroleum Sector
Friday, July 18, 2014 Mubadala Petroleum inks cooperation agreement with Somalia's Ministry of Petroleum and Mineral Resources to explore ways to further develop the country's petroleum sector.

Russia's Rosneft Says to Honor Agreements despite Sanctions
Friday, July 18, 2014 Russian oil producer Rosneft says it will continue to work on its existing projects and agreements despite US sanctions against the company.

US Approves Plan To Open Atlantic To Oil Reserve Surveys
Friday, July 18, 2014 The Obama admin. approves a plan that would allow companies to assess oil resources off the Atlantic Coast.

APPEA Welcomes Carbon Tax Repeal, Boost for Australian LNG Exporters
Thursday, July 17, 2014 Australia's industry association APPEA welcomes the Australian Senate's vote to repeal the carbon tax as it removes a cost burden for the country's liquefied natural gas exporters.

BP Says New Sanctions on Russia Appear to Target Access to Markets
Thursday, July 17, 2014 BP studies latest sanctions against Russia over Ukraine and says they appear to focus on restricting access to US debt and equity markets.

Australian Parliament Repeals Carbon Tax, Emissions Trading Scheme
Thursday, July 17, 2014 The Australian Senate votes to scrap the country's carbon tax and plans for emissions trading, a major victory for conservative Prime Minister Tony Abbott that leaves uncertainty about how the country will meet its carbon reduction goals.

BOEM to Offer 21 Million Acres in Next GOM Lease Sale
Thursday, July 17, 2014 Western Gulf of Mexico Lease Sale 238 on Aug. 20 will be the sixth offshore sale under the Administration's Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017.

Indian Government Endorsed Cambay Field's Gas Sales Agreement
Wednesday, July 16, 2014 Oilex receives governmental endorsement for gas sale from the Cambay field in Cambay production sharing contract in Gujarat, India.

North Texas City Rejects Partial Fracking Ban
Wednesday, July 16, 2014 The council governing a North Texas city that sits atop a large natgas reserve rejected a bid that would have made it the first city in the state to ban further permitting of fracking in the community.

Tullow To Challenge Ugandan Court Order To Pay $407M Tax Bill
Wednesday, July 16, 2014 Tullow Oil says it planned to challenge a Ugandan tax tribunal decision ordering it to pay a $407 million tax bill in relation to a 2012 sale of oil field stakes.

British Government to Help Fund New Oil Regulator Until 2022
Wednesday, July 16, 2014 UK government announces another $5.1 million per year funding for the country's new oil regulator until 2022.

India Govt Considers Selling $3B Stake In ONGC
Tuesday, July 15, 2014 Indian PM Narendra Modi's government will decide next month on the sale of a stake in ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

New Modi Government Plans to Revamp India's E&P Sector
Tuesday, July 15, 2014 Fresh from its election success, India's newly elected government prepares to introduce policies to strengthen the country's upstream hydrocarbon sector.

Hancock Takes Over UK Junior Energy Minister Role
Tuesday, July 15, 2014 Matthew Hancock takes over from Michael Fallon as junior energy minister at the UK's Department of Energy and Climate Change.

Mexico's Senate Committees Approve Key Part Of Energy Bill
Tuesday, July 15, 2014 Mexican Senate committees give approval to a law at the heart of a package that will implement the opening of the oil and gas industry to outside investment.

Mines Minister: S. Africa Ready to Re-Evaluate New Oil And Gas Law
Tuesday, July 15, 2014 South Africa may reconsider a new oil and gas law to ensure that investors can be make profits while securing a place for the state in the sector, Mineral Resources Minister Ngoako Ramatlhodi says.

UAE's Dana Gas Says Wins Right to Some Payments from Iraqi Kurdistan
Sunday, July 13, 2014 An arbitration tribunal awards Dana Gas the right to receive some outstanding payments from the Kurdish government.

China, US To Cooperate On Strategic Oil Reserves
Friday, July 11, 2014 China and the United States have signed a preliminary agreement to cooperate on SPR, China's NEA says, marking the first such effort between the world's top two oil consumers.

API VP: Elected Officials, Not Voters, Should Make Fracking Decisions
Friday, July 11, 2014 Complex and technical energy issues like fracking are best made by elected officials, according to API Vice President Louis Finkel.

US Legislators Introduce North Atlantic Energy Security Act
Friday, July 11, 2014 Four senators introduce the North Atlantic Energy Security Act, which they say will cut red tape holding up LNG exports, energy production and infrastructure development.

Transboundary Leases Provide Excellent Opening to Mexico DW Exploration
Friday, July 11, 2014 The awarding of the Transboundary oil and gas leases comes at an excellent time in Mexico, according to John T. Young Jr.

Forum Energy Gets Extension for its SC72 Work Progam Offshore Philippines
Thursday, July 10, 2014 Forum Energy receives a one year extension to complete the work program for the second sub-phase of Service Contract 72 offshore the Philippines.

Chesapeake Faces Trial On Bid-Rigging In Michigan Lease Sale
Thursday, July 10, 2014 A judge in Michigan has ruled that Chesapeake must face a criminal trial on a charge of bid-rigging with competitor Encana at a 2010 state land lease auction.

Russia's Rosneft, Zarubezhneft To Agree On Cuban Offshore Block This Week
Thursday, July 10, 2014 Russian state oil companies Rosneft and Zarubezhneft plan to sign an agreement with Cuban state oil company Cubanpetroleo to develop an offshore block 37, a senior Russian official says.

API Publishes 'Good Neighbor' Standards for Oil, Gas Developers
Wednesday, July 09, 2014 API issues a first-of-its-kind industry standard for community engagement in areas of the country where horizontal drilling and hydraulic fracturing have opened new energy development opportunities.

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