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Germany Imposes Limits on Fracking
Friday, June 24, 2016 Germany imposed limits on fracking on Friday, dealing a blow to efforts to develop shale gas.
SEC Sues 'Frack Master' for Spending Investor Cash on Strippers
Friday, June 24, 2016 Calling himself the "frack master," Texas businessman Chris Faulkner charmed hundreds of investors and major media companies into believing he had extensive experience in energy markets.
Brexit: Adverse Impact for UK's Oil, Gas Industry Unlikely
Friday, June 24, 2016 The UK voting to leave the EU is unlikely to have a major adverse impact on its oil and gas sector, but the industry calls on clear leadership from the country's government to minimise uncertainty.
Advent's RL1 Project in Australia's NT to Gain from Infrastructure Project
Thursday, June 23, 2016 Advent Energy's Weaber Gas Field project in permit RL1 in Australia's Northern Territory is likely to gain from a government infrastructural funding program in the state.
Penn West CEO Criticizes Alberta's Stricter Energy Assets Sale Rules
Thursday, June 23, 2016 Tough new rules from Alberta's energy regulator that determine which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive says.
President Warns Oil Fall Leaves Angola Short of Foreign Reserves
Wednesday, June 22, 2016 Angola is running short of foreign reserves to pay for imports because its national oil firm has not contributed to state coffers since January, President Jose Eduardo dos Santos says.
Canadian Oil Asset Deals Seen Hurt by Surprise Alberta Ruling
Wednesday, June 22, 2016 A sudden regulatory shift threatens to curb Canadian energy asset deals, just as producers and creditors look to unload properties two years into a crude market downturn.
US Court Sets Aside Obama Administration Fracking Rules for Public Lands
Wednesday, June 22, 2016 A federal judge in Wyoming has set aside new regulations for hydraulic fracturing on public lands that were vehemently opposed by oil and gas producers.
Range Resources Limited Granted Approval to Spud Trinidad Well
Wednesday, June 22, 2016 Range Resources Limited receives approval from the regulatory bodies in Trinidad to spud the MD 51-2 development well.
Brexit Just One of Many Risks for Oil Prices
Wednesday, June 22, 2016 Regardless of whether Britain votes to leave the EU on Thursday, oil investors are likely to stay focused on how to counter the risk of further price slides.
Energy Minister: Saudi May Return to Market Balancing Role Post Recovery
Wednesday, June 22, 2016 Saudi Arabia, the world's largest oil exporter, may return to its role of balancing oil supply and demand after the recovery of the global market, the country's energy minister says.
Dutch Agency Calls For Further Cut In Groningen Gas After Oct 1
Wednesday, June 22, 2016 The Netherlands' National Mines Inspectorate advises the government to cut production at the country's large Groningen gas field this autumn.
White House to Defend Fracking Rules in the Courts
Wednesday, June 22, 2016 The White House says it will continue to defend in the courts its legal authority to set rules governing hydraulic fracturing on public lands.
Justice Alito Sells Exxon Stock After Years of Case Recusals
Wednesday, June 22, 2016 US Supreme Court Justice Samuel Alito sells the Exxon Mobil stock that for almost a decade kept him from taking part in cases involving the world's biggest publicly traded oil company.
Wentworth Resources Secures Approval for Mozambique Appraisal Plan
Wednesday, June 22, 2016 Wentworth Resources Limited announces that its operatorship and appraisal plan in Mozambique has been approved by the country's minister of minerals and energy.
Genel Confirms Receipt of Part-Payment for Tawke, Taq Taq Exports
Tuesday, June 21, 2016 Genel Energy confirms the receipt of part-payment from the Kurdistan Regional Government for oil exports from the Tawke and Taq Taq fields in the Kurdistan Region of Iraq.
German Government Agrees to Ban Fracking Indefinitely
Tuesday, June 21, 2016 Germany's coalition government agrees to ban fracking for shale gas indefinitely, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal.
NPD Grants Faroe Petroleum Drilling Permit for Well 31/7-1 A
Tuesday, June 21, 2016 The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A, located offshore Norway.
In the Birthplace of U.S. Oil, Methane Gas Is Leaking Everywhere
Monday, June 20, 2016 In Pennsylvania, birthplace of the U.S. oil industry, century-old abandoned oil wells have long been part of the landscape.
Vancouver Takes Legal Action to Block Kinder Morgan Pipeline Plan
Monday, June 20, 2016 The city of Vancouver said it has taken legal action against the Canadian energy regulator's approval of Kinder Morgan's Trans Mountain pipeline expansion.
U.S. Offshore Regulator to Unveil Tougher Environmental Safeguards
Monday, June 20, 2016 The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs.
Tighter Rules for Canada Energy Projects Could Be Seen in 2017
Monday, June 20, 2016 Tighter environmental rules for Canadian natural resource projects could start coming into force in 2017, ahead of schedule, an official said, giving industry an idea of when to expect the new measures.
BP's Dudley Says Brexit Would Plunge World Into Uncertainty
Friday, June 17, 2016 A decision by the British people to quit the European Union in a forthcoming referendum would trigger a period of uncertainty for the world, BP Chief Executive Bob Dudley tells Bloomberg TV.
Petrobras CEO Vows Corruption Investigation Will Go On
Friday, June 17, 2016 The new chief executive of Brazil's state-run oil company Petrobras, at the center of a huge corruption scandal, says that the investigation would continue relentlessly with the full support of the board.
NPD Grants Det Norske North Sea Drilling Permit
Friday, June 17, 2016 The Norwegian Petroleum Directorate grants Det norske oljeselskap ASA a drilling permit for well 25/10-15 S, located in production license 626 offshore Norway.
Philippines DOE Grants Moratorium on Palawan Basin's SC55 Work Program
Friday, June 17, 2016 The Philippines' Department of Energy grants a 2 year moratorium on the work program for Service Contract 55 in the Palawan Basin off the Philippines.
Venezuelan Pleads Guilty in U.S. over PDVSA Bribery Scheme
Thursday, June 16, 2016 A Venezuelan businessman has pleaded guilty to charges stemming from his participation in a scheme to corruptly obtain contracts from Venezuela's state oil company, the U.S. Justice Department said.
Industry Leaders: Latin America Must Safeguard Energy Investors
Thursday, June 16, 2016 Latin America offers ample opportunities for the energy sector, but governments must make changes to protect investors from legal headaches, industry leaders at the World Economic Forum's Latin America meeting in Colombia said.
Russia, Venezuela Discuss Oil Production Freeze
Thursday, June 16, 2016 Russian Energy Minister Alexander Novak discusses plans for a possible oil production freeze with his Venezuelan counterpart Eulogio del Pino.
Exxon Asks U.S. Court to Throw Out Subpoena in Climate Change Inquiry
Wednesday, June 15, 2016 Exxon Mobil Corp asked a federal court to throw out a subpoena that would force the oil company to hand over decades of documents as part of a wide-ranging inquiry into whether it misled investors about climate change risks.
CAPEX Spending Cuts to Delay New Gulf of Mexico Production
Wednesday, June 15, 2016 Cutbacks to oil and gas exploration and production spending will negatively impact the U.S. Gulf of Mexico, according to an E&Y official.
Kurds Ready For New Oil Deal With Baghdad If They Get $1B A Month
Wednesday, June 15, 2016 Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion.
JKX confirms Police Inspection In Poltava
Wednesday, June 15, 2016 JKX Oil & Gas plc confirms that the Ukrainian police visited its Ukrainian subsidiary searching for documents in relation to the investigation of claims of alleged underpaid taxes.
InterOil Says Protest Against Board Won't Impact Takeover Vote
Wednesday, June 15, 2016 Takeover target InterOil Corp says a protest vote against its directors at a shareholders' meeting will have no bearing on an upcoming vote on a $2.2 billion bid for it by Australia's Oil Search.
Shale Loses 9 Billion Barrels of Reserves After SEC Inquiries
Wednesday, June 15, 2016 Ultra Petroleum Corp. was a shale success story. Then came the bust.
Carigali Hess Operating Co. Seeks $6.3M in Damages Over 2012 Crane Accident
Tuesday, June 14, 2016 Carigali Hess Operating Company (CHOC) files arbitration proceedings against Favelle Favco Crane over a crane accident in 2012 at a CHOC platform located off Malaysia.
Indonesia Rejects Exxon Proposal To Boost Cepu Block Output
Tuesday, June 14, 2016 Indonesia rejects a proposal to increase crude output from the Cepu block operated by U.S. oil and gas giant ExxonMobil to up to 200,000 barrels per day, the country's upstream oil and gas regulator (SKKMigas) told parliament.
Pacific Crest Seeks Arbitration After Chinese Yards Failed to Deliver PSVs
Tuesday, June 14, 2016 Pacific Radiance's unit Pacific Crest issues notices of arbitration against two Chinese shipyards over their failure to deliver a platform supply vessel each as specified under their contracts.
Kremlin: Russian, Italian Energy Firms to Sign Deals This Week
Tuesday, June 14, 2016 Russian and Italian energy companies will sign several deals on the sidelines of the St. Petersburg International Economic Forum later this week, Kremlin aide Yuri Ushakov says.
NZP&M Extends Tariki, Waihapa and Ngaere Licenses in New Zealand
Monday, June 13, 2016 New Zealand Petroleum & Minerals (NZP&M) extends the term for Tariki, Waihapa and Ngaere licenses in the country.
Union: Petrobras 24-hour Strike Against Temer Will Not Cut Output
Friday, June 10, 2016 Brazil's main oilworkers' union hold a 24-hour strike as part of nationwide protests against the government of interim-President Michel Temer, attacking his oil policies and seeking the return of suspended President Dilma Rousseff.
Green Groups Fund-raise Against Trump's Climate Stance
Friday, June 10, 2016 Donald Trump's promise to gut US environmental regulations and revive the controversial Keystone XL oil pipeline if elected president is a nightmare for green groups, but it may be a dream come true for their fund-raisers.
Croatia Signs Contracts for Onshore Oil and Gas Exploration
Friday, June 10, 2016 Croatia signs contracts with one local firm and one Canadian company that had been awarded onshore oil and gas exploration blocks in the north and east of the country.
US House Opposes Carbon and Oil Taxes in Symbolic Votes
Friday, June 10, 2016 The Republican-controlled US House of Representatives votes largely along party lines on Friday to reject any new taxes on carbon emissions and oil production.
US Seeks Oil-Reserve Overhaul to Ease Mandatory Drawdowns
Friday, June 10, 2016 The US Energy Department is making the case that the nation's emergency oil supply needs an overhaul before a massive drawdown begins later this decade.
Bucking Big Oil Companies, US House Set to Condemn Carbon Tax
Thursday, June 09, 2016 Congressional Republicans are poised to approve a non-binding resolution to condemn the idea of a carbon tax, putting lawmakers on record opposing an approach to combating climate change favored by Exxon Mobil and other large oil companies.
Swiber-Sime JV Commences Arbitration in India Over ONGC's B-193 Project
Thursday, June 09, 2016 Swiber and Sime Darby commences arbitration proceedings in India against Oil and Natural Gas Corp. over a process platform contract for the B-193 Project.
NPD Grants Lundin Drilling Permit for Lundin Norway
Thursday, June 09, 2016 The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 7220/11-3 AR, located offshore Norway in production license 609.
Expats, Employers Worried Over Uncertain Saudi Tax Proposal
Wednesday, June 08, 2016 Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign workers to make up for falling oil revenues.
Europa Formally Accepts 4 New Licenses in Atlantic Margin Round
Wednesday, June 08, 2016 Europa Oil & Gas (Holdings) plc confirms that it has formally accepted the award of 4 new Licensing Options as part of phase two of the 2015 Atlantic Ireland licensing round.
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