News Topics: Govt & Regulatory
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Sinopec in Iceland Exploration Talks
Tuesday, June 18, 2013 Sinopec Group is in preliminary talks to explore for oil and gas off the northwest coast of Iceland, according to a newspaper report.
Total Buys New Oil Interest in Iraq's Kurdistan
Tuesday, June 18, 2013 Total buys the majority stake in an oil exploration block in Kurdistan, further consolidating its position in the semiautonomous region in northern Iraq.
Brazil Court Denies Petrobras Injunction in Tax Dispute
Friday, June 14, 2013 Brazil's second-highest court denied a request by state-run oil company Petrobras, for an injunction in a dispute over tax payments for offshore oil-platform leases.
India Plans to Bid for 8 Oil, Gas Blocks in Myanmar
Friday, June 14, 2013 Three state-run Indian firms will bid for eight oil and gas blocks in Myanmar, according to an Indian oil minister.
Arkansas, US Sue ExxonMobil Over March Pipeline Oil Spill
Thursday, June 13, 2013 Arkansas and federal officials file a lawsuit against ExxonMobil for allegedly violating pollution laws following the March rupture of an oil pipeline in the state.
Peru Seeks Investments of at Least $1B in Amazon Oil Auction
Thursday, June 13, 2013 Peru's government aims to attract more than $1 billion in investments in an upcoming public auction of 26 oil concessions in the country's Amazon region, a top government official says.
'Open Fuel Standard' Proponents Want More Flexible FFVs
Wednesday, June 12, 2013 Could an open fuel standard be a boon for US natural gas producers?
Eni, Statoil Win New Barents Sea Licenses
Wednesday, June 12, 2013 Eni and Statoil awarded interests in several licenses to explore for oil and gas in the Barents Sea as part of Norway's 22nd licensing round.
ANP: Brazil to Hold First Pre-Salt Oil Auction Oct. 22
Tuesday, June 11, 2013 Brazil will hold its first auction of pre-salt oil and natural gas exploration acreage Oct. 22, a director of the country's National Petroleum Agency says.
Western Australia Invites Bids for Oil Licenses
Tuesday, June 11, 2013 Western Australia invites bids for six petroleum exploration leases, including onshore blocks.
South Korean Firms to Build Cameroon Pipeline
Monday, June 10, 2013 Cameroon reports that a consortium of South Korean and Nigerian firms will build a 175-mile long oil pipeline in the country.
UK Government Launches Review of UK North Sea Oil & Gas Industry
Monday, June 10, 2013 The UK government is launching the first review in more than 20 years of the country's offshore oil and gas industry to ensure that the sector maintains momentum at a time of economic stagnation.
UK Energy Minister, Russia Deputy PM Discuss UK-Russia Energy Cooperation
Monday, June 10, 2013 UK Energy and Climate Change Secretary says he met Russian deputy PM Arkady Dvorkovich and Igor Sechin, the head of Rosneft, in London earlier to discuss UK-Russian energy cooperation.
Colombia Minister: Peace Deal Would Open Huge Areas to Oil Exploration
Friday, June 07, 2013 A hoped-for peace deal with Marxist rebels could open up oil exploration that has been long closed off due to security concerns, Colombian Deputy Energy Minister Orlando Cabrales Segovia says.
Oil, Gas Activity Boosts North Dakota, Texas Economies
Friday, June 07, 2013 Oil and gas exploration and production played a significant role in 2012 in boosting economic growth in North Dakota and Texas, the U.S. Bureau of Economic Analysis reports.
Petrobras, Partners Awarded License Extension over Namibian Block
Friday, June 07, 2013 Petrobras and its partners in Block 2714A, offshore Nambia, are awarded a one-year license extension.
API: Comment Period Extension for Fracking Regulations Justified
Thursday, June 06, 2013 BLM's decision to extend the comment period for the latest version of proposed hydraulic fracturing regulations for federal and Indian lands is warranted, says API.
Addax: No Word from Gabon on License Renewal
Thursday, June 06, 2013 Addax Petroleum says it has not received official notification from the government of Gabon of its intentioned not to renew one of its oil field licenses.
Court Unfreezes Chevron's Argentine Assets
Wednesday, June 05, 2013 Argentina's Supreme Court revokes a $19 billion embargo on the assets and future income of the Argentine subsidiary of Chevron Corporation.
New Tax Forces Statoil to Review Johan Castberg Decision
Wednesday, June 05, 2013 Statoil reviews the investment decision for the Johan Castberg project in the Norwegian Barents Sea due to new Norwegian tax rules.
India to Finalize Policies to Boost Local Natural Gas Output
Tuesday, June 04, 2013 India will "very soon" finalize policy on shale gas exploration and is actively considering new rules to allow commercial gas production from coal blocks, M. Veerrappa Moily says.
Hastings Seeks to Expand U.S. Production with Bill
Monday, June 03, 2013 House Natural Resources Committee Chairman Doc Hastings releases draft legislation to expand U.S. offshore energy production in order to create new American jobs, lower energy prices, grow the U.S. economy, and strengthen national security.
Landfall, Size to Determine Hurricane Impact on Oil, Gas Production
Friday, May 31, 2013 A hurricane's impact on US oil and gas production during the 2013 season will be determined by whether it makes landfall and its size, EIA reports.
Peru Government Launches Auction for Offshore Oil Concessions
Friday, May 31, 2013 Peru's government launches a public auction for offshore oil concessions, attracting the interest of international oil firms like ExxonMobil and Chevron, the agency responsible for the auction says.
Statoil Accepts Gullfaks C Fine
Friday, May 31, 2013 Statoil agrees to pay a $5.1 million-fine in relation to the well control incident on the Gullfaks C platform in May 2010.
Libya to Raise Oil Production to 1.7M Barrels per Day
Thursday, May 30, 2013 Libya plans to raise its oil output from 1.5 million barrels per day to 1.7 million barrels.
Tullow Gets Go-Ahead for TEN Project Offshore Ghana
Thursday, May 30, 2013 Tullow Oil says the government of Ghana has formally approved its TEN Project in the country's Deepwater Tano Contract Area.
VP Biden, Caribbean Nations Sign Trade Agreement
Thursday, May 30, 2013 US Vice President Joseph Biden and political leaders across the Caribbean meet to discuss a range of security, investment and energy issues.
BSEE Creates New Offshore Safety Institute
Wednesday, May 29, 2013 BSEE is taking steps to establish an independent Ocean Energy Safety Institute to further enhance safe and responsible operations across the offshore oil and gas industry.
Suu Kyi Plans to Attend Myanmar Oil Meeting
Wednesday, May 29, 2013 Myanmar opposition leader to lend her support for burgeoning Myanmar oil and gas sector by attending June summit.
Iran: NIOC Attracts $25B in Upstream Sector
Tuesday, May 28, 2013 Senior Iranian oil industry officials announce that they have invested a record sum of $25 billion in the upstream sector last year.
Shell Moves Rig to Avoid Potential Tax Liability
Tuesday, May 28, 2013 Shell moves Kulluk drilling rig to avoid millions on potential taxes, a company official says during a US Coast Guard hearing.
Sudan Threatens To Close Pipeline
Tuesday, May 28, 2013 The Sudanese government says it will no longer negotiate with rebels it accuses South Sudan of backing, and threatened to close the pipeline carrying crude-oil shipments from its landlocked neighbor.
Texas Legislature OKs Bill for Oil-Impacted County Road Repairs
Tuesday, May 28, 2013 The Texas Legislature approves a bill that would earmark funds for road repairs in Texas counties heavily impacted by oil and gas exploration and production.
India Government Approves ONGC Bid to Buy Stake in Kazakh Oil Field
Monday, May 27, 2013 India's government has allowed state-run ONGC Videsh to buy a minority stake from ConocoPhillips in an oil field in Kazakhstan for $5.5B, a senior ONGC executive says.
International Companies to Invest in Yemeni Oil
Monday, May 27, 2013 Thirty-five international companies are currently competing to invest in 20 oil sites throughout Yemen, Oil and Minerals' Minister Ahmed Dares confirms.
Industry Groups See Montana Lawsuit as Counterproductive
Friday, May 24, 2013 Energy industry groups call a lawsuit filed to stop Montana oil and gas leasing counterproductive.
Virginia Senators Seek to Expand Offshore Energy Leasing
Thursday, May 23, 2013 Virginia Senators Mark Warner and Tim Kaine introduce legislation that would open up acreage offshore Virginia for energy leasing.
US Judge Dismisses Obstruction Charge Against Former BP Executive
Tuesday, May 21, 2013 A federal judge has dismissed a criminal charge against a former BP executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.
Europa Gives Up Romanian and African Licenses
Tuesday, May 21, 2013 Europa says it is relinquishing licenses in Romanian and the Saharawi Arab Democratic Rebublic to focus on projects in Western Europe.
New US Energy Secretary Promises Review of Natural Gas Export Studies
Tuesday, May 21, 2013 Ernest Moniz promises a review of the government's existing studies of nat gas exports, raising the possibility that the US might re-do the analysis that has underpinned previous permit approvals.
Shell CEO: No Adverse Findings by EU Probe
Tuesday, May 21, 2013 Shell CEO says that the EU probe into oil price manipulation has made no adverse findings against the company.
Texas Sues Companies Connected to Macondo Oil Spill
Tuesday, May 21, 2013 The state has accused companies involved with the oil spill of violating environmental laws and is seeking damages for lost revenue.
Energy Chief Oettinger: EU to Review Fracking This Year
Monday, May 20, 2013 The European Union will review hydraulic fracturing and the environmental concerns surrounding the practice this year, EU Energy Commissioner Guenther Oettinger says.
Japan Pledges $2 Billion for African Projects
Sunday, May 19, 2013 Japan is pledging $2 billion for energy and mineral projects in Africa as it seeks to catch up with years of Chinese investment.
Greenland Minister: Will Issue New Oil Exploration Licenses
Friday, May 17, 2013 Greenland's new government clarifies its stance on allowing more offshore oil exploration.
Energy Department Approves Freeport Natural-Gas Export Permit
Friday, May 17, 2013 The Obama administration clears the way for broader natural gas exports by approving a $10B facility in Texas, a milestone in the US transition into a major supplier of energy for world markets.
Petrobras BP, Among Winners in Brazil's 11th Bidding Round
Thursday, May 16, 2013 Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation's 11th bidding round, the first since December 2008.
Revised Hydraulic Fracturing Rule Available for Comment Period
Thursday, May 16, 2013 The Department of Interior seeks comments on the updated rule that would govern hydraulic fracturing on US federal and Indian lands.
Moniz Unanimously Confirmed as Energy Secretary
Thursday, May 16, 2013 The US Senate confirmed Ernest Moniz, a nuclear physicist who has lauded the US natural gas boom, as the next US Energy Secretary.
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