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News Topics: Govt & Regulatory

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Brazil Official Says Shell, Total Must Accept Petrobras as Partner
Thursday, September 18, 2014 Shell and Total must accept Petrobras as a partner in their Gato do Mato offshore oil prospect under new Brazilian law, the country's top oil regulator says, a move that could strip Shell of operational control of the resource.

Argentina Drafts Energy Bill To Lure Investors To Shale Deposits
Wednesday, September 17, 2014 Argentina's federal government reaches a preliminary agreement with provinces to reform energy regulations and improve incentives to lure foreign investors.

Brazil Says Won't Schedule Regular Oil-Rights Auctions
Wednesday, September 17, 2014 Brazil does not intend to schedule regular oil exploration and production rights auctions, the top petroleum official at the country's energy ministry says.

ONGC Videsh, PetroVietnam Ink LOI for Exploration in 2-3 Blocks Off Vietnam
Wednesday, September 17, 2014 ONGC Videsh and PetroVietnam ink a Letter of Intent to consider oil and gas exploration in 2-3 blocks located offshore Vietnam.

Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Tuesday, September 16, 2014 Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, says.



Brazil Confident New Rules Will Protect Existing Oil Rights
Tuesday, September 16, 2014 Brazilian regulators say they are confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies of rights to operate major oil fields.

Jindal: Obama Hasn't Done Enough To Harness Energy
Tuesday, September 16, 2014 Louisiana Gov. Bobby Jindal says President Obama's administration has become "science deniers," failing to do enough to harness the nation's energy potential.

Russia Considers Rosneft Request for Help from State Fund
Tuesday, September 16, 2014 Rosneft, hit by Western sanctions over the Ukraine conflict, will be able to apply for money from a state wealth fund, Russia's deputy prime minister says.

Landmark Fracking Study Finds No Water Pollution
Tuesday, September 16, 2014 The final report from a study on fracking found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.

Brazil To Hold Oil Rights Auction In First Half Of 2015
Monday, September 15, 2014 Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official says.

Oil Min: Congo Preparing Tender For Several Oil Blocks
Monday, September 15, 2014 Democratic Republic of Congo plans to issue a tender for oil blocks in its western coastal basin, its oil minister says, as it seeks to boost investment in the sector.

New Alberta Premier Picks Legislator Oberle As Energy Minister
Monday, September 15, 2014 Jim Prentice appoints Frank Oberle as energy minister, a key portfolio in the province that is the largest source of US oil imports.

Italy's Renzi Happy with Choice of Descalzi as Eni CEO
Friday, September 12, 2014 Italian Prime Minister Matteo Renzi says he remains happy with his choice to appoint Claudio Descalzi to lead Eni in spite of a corruption probe involving the Italian oil major's CEO.

Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs
Friday, September 12, 2014 Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues.

US Steps Up Sanctions On Russia Over Ukraine
Friday, September 12, 2014 The US hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions to punish Moscow for intervening in Ukraine.

Eni CEO Investigated by Prosecutors over Nigerian Oil Deal
Thursday, September 11, 2014 Eni CEO Claudio Descalzi is under investigation over alleged international corruption relating to a big Nigerian oil deal.

Norway Wins Interest from 47 Oil Firms in Licensing Round
Thursday, September 11, 2014 Norway receives applications from 47 energy firms, including most majors operating in the country, for oil and gas licenses in mature areas.

UK Onshore Industry Disappointed by South Downs Ruling
Thursday, September 11, 2014 The UK onshore oil and gas sector said it finds a decision to turn down an application to carry out exploration near the village of Fernhurst in southeast England 'regrettable'.

BP, Shell Urge Scotland to Vote against Independence
Thursday, September 11, 2014 With a week to go before Scotland's independence referendum, BP and Shell come out in support of Sir Ian Wood's view that the Scottish people are being misled by the Yes campaign.

US, EU Ready New Sanctions To Stop Oil Exploration In Russia
Wednesday, September 10, 2014 The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including ExxonMobil and BP, US government sources say.

US Shippers Seek Role In Transport Of LNG, Oil Exports
Wednesday, September 10, 2014 The US government should ensure that international trade of US natural gas, and potentially crude oil, will offer opportunities for the domestic shipping industry, maritime groups say.

New Iraq Oil Minister Faces Security Challenge, Kurdish Dispute
Tuesday, September 09, 2014 Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears.

US Boosts 2015 Oil Forecast As Shale Powers Push To 10 MMbpd
Tuesday, September 09, 2014 The US government jacked up its forecast for oil production next year by 250,000 barrels per day as the boom in shale oil drilling continues to confound expectations of slower growth.

More Oilfield Staff Return to Work in Iraqi Kurdistan
Monday, September 08, 2014 Genel Energy becomes the latest company operating in the Kurdistan region of Iraq to report that it is returning staffing levels to normal after recent violence in the area.

Russia Sees Oil Output Edging Down In 2015
Monday, September 08, 2014 Russian oil production, a major source of government revenue, may decline slightly next year, having risen steadily since 2009, the Energy Ministry says.

Russia's PM Signals $40B State Help for Rosneft Possible
Monday, September 08, 2014 Russian PM Dmitry Medvedev says Rosneft may receive more than $40 billion for the state to help services its debt.

Tanzania Tax Body Shelves Plans To Review Mining, Gas Contracts
Monday, September 08, 2014 Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors.

Diplomat: EU Puts Top Russian Oil Companies on Sanctions List
Monday, September 08, 2014 The European Union puts Russia's Rosneft, Transneft and Gazprom Neft on its list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, says a diplomat.

UK Government Lends Hand to BP in US Gulf Oil Spill Rulings
Monday, September 08, 2014 The UK government urges the US Supreme Court to review rulings against BP over the 2010 Gulf of Mexico oil spill.

Petrobras Scandal Shakes up Brazil Presidential Race
Sunday, September 07, 2014 Jailed former Petrobras director names dozens of politicians who allegedly received kickbacks off the company's contracts.

Nebraska Court Hears Questions About Keystone XL Pipeline Plan
Friday, September 05, 2014 Nebraska's Supreme Court hears arguments about whether Governor Dave Heineman acted properly when he blessed a route for the Keystone XL oil pipeline.

Oilex Completes WA's SPA 17 AO Work Program, Applies for Exploration Permit
Friday, September 05, 2014 Oilex completes work program for SPA 17 AO acreage in Western Australia and commences application for an exploration permit.

New Fines May Prompt BP To Cut Back In Russia, Elsewhere
Friday, September 05, 2014 The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could see BP sell off some of its Russian interests.

Transocean Welcomes Court Ruling on 2010 US Oil Spill
Friday, September 05, 2014 Transocean says a US court ruling eliminates its financial risk for the underwater portion of a 2010 oil spill in the Gulf of Mexico after the judge found BP grossly negligent.

China Orders Oil Firms to Fix Faulty Pipelines Within 3 Years
Thursday, September 04, 2014 China ordered oil firms to fix faults in their oil and gas pipeline networks within three years, Sinopec Corp says, almost a year after a blast in the state-run refiner's pipeline killed 62 people.

US Court Says BP 'Grossly Negligent' In 2010 Spill, Billions In Fines Loom
Thursday, September 04, 2014 BP was "grossly negligent" for its role in the 2010 spill in the Gulf of Mexico, a US district judge says.

In Keystone Pipeline Debate, Nebraska High Court Will Have Sway
Thursday, September 04, 2014 Nebraska's top court is set to hear arguments about how the Keystone XL pipeline might cross the state.

Petrobras Sends Proposal for Sul de Guara, Nodeste de Tupi & Florim to ANP
Thursday, September 04, 2014 Petrobras submit declaration of commerciality for the oil and gas accumulations of Sul de Guara, Nordeste de Tupi e Florim to Brazil's National Petroleum, Natural Gas and Biofueld Agency.

Israel's Leviathan In Talks On $15B Gas Supply Deal To Jordan
Wednesday, September 03, 2014 Israel is in advanced negotiations to supply natural gas from its vast Leviathan field to Jordan under a 15-year, $15 billion agreement, officials say.

Ramirez Removed As PDVSA Head, Oil Minister In Venezuela Shake-Up
Wednesday, September 03, 2014 Venezuelan President Nicolas Maduro pushes Rafael Ramirez from his twin posts as oil minister and a chief of PDVSA in a cabinet shake-up.

Two Ex-US Senators To Lobby For Sanctioned Russian Bank
Tuesday, September 02, 2014 Gazprombank has hired two former US senators to lobby on its behalf in Washington, according to a disclosure form.

Halliburton To Settle US Gulf Spill Claims For $1.1B
Tuesday, September 02, 2014 Halliburton says it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

Gazprom Managers May Face Corruption Charges in Switzerland
Tuesday, September 02, 2014 Two Gazprom managers may face corruption charges related to bribes paid in connection with the construction of the Yamal gas pipeline that connects Siberia to Germany.

Russia's Putin Orders Gazprom to Start Gas Pipeline Construction to China
Monday, September 01, 2014 President Putin orders the start of construction of Gazprom's 'Power of Siberia' pipeline to China.

FT: Shell Submits Revised Drill Plan for Arctic
Friday, August 29, 2014 Shell has sought permission from the U.S. government to drill in the Arctic Ocean and is keeping open the possibility that it could drill there next summer, the Financial Times reports.

Italy Aims To Complete Eni, Enel Stake Sales By December
Thursday, August 28, 2014 Italy's government says it is on course to sell stakes in energy groups Enel and Eni by the end of the year.

Feds To Resume Leasing For Fracking In California
Thursday, August 28, 2014 The US Bureau of Land Management will resume issuing oil and gas leases next year for federal lands in California after a new study.

Alaska Voters Reject Repeal Of 2013 Petroleum Tax
Wednesday, August 27, 2014 Alaska voters retain a new petroleum production tax system that offers hope of increased investment and jobs but draws criticism as a giveaway to already profitable oil companies.

With Romanian Gas, Moldova Seeks Energy Independence From Russia
Wednesday, August 27, 2014 Moldova took a small but symbolic step towards easing its reliance on Russian gas imports when it inaugurated a pipeline that will bring in Romanian gas from next week.

Texas RRC: Proposals to Amend Fracking Regulations Underway
Wednesday, August 27, 2014 The Texas RRC says amendments to rules affecting fracking disposal wells are being considered.

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