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Chevron Trims Production Forecast On Project Delays, Rising Costs
Tuesday, March 11, 2014 Chevron Corp lowers expectations for its 2017 production, citing lower natural gas prices, rising costs and project delays.
Technology to Create New Water Source for Marcellus Operators
Tuesday, March 11, 2014 A company will install its first treatment system that will allow acid mine drainage water to be used in hydraulic fracturing operations in the Marcellus shale.
Ship Leaves Libya Rebel Port Carrying Oil, Official and Gunmen Say
Tuesday, March 11, 2014 A North Korean-flagged tanker with crude oil loaded at a rebel-held port in eastern Libya is now in international waters, according to rebels and a state oil company official.
Is the Propane 'Shortage' Really a Shortage?
Tuesday, March 11, 2014 If propane production is up in the United States, why did some regions have to contend with tighter supplies this winter?
EU Leaders To Urge Greater Effort To Cut Gas Imports
Tuesday, March 11, 2014 European Union leaders will call for greater efforts to cut reliance on imported gas at a Brussels summit next week, a draft document shows.
PM Tusk: Polish Government Approves New Shale Gas Bill
Tuesday, March 11, 2014 Polish Prime Minister says his government approves a new shale gas bill, set to be investor-friendly thanks to cutting red tape and regulatory hurdles.
USW Opposes Export of US Crude Oil
Tuesday, March 11, 2014 The United Steelworkers opposes export of US crude oil because it would cost jobs at US refineries, raise prices at the gas pump, decrease national security and increase environmental degradation.
USGS: Oil, Gas Wastewater Disposal Causes Cascade Of Oklahoma Quakes
Tuesday, March 11, 2014 Underground disposal of wastewater from oil and gas drilling likely triggered a series of earthquakes in central Oklahoma in November 2011.
Polish PM: Germany's Dependence On Russian Gas Poses Risks For Europe
Monday, March 10, 2014 Poland's prime minister will ask Chancellor Angela Merkel to work to reduce German and European dependence on Russian gas to avert "potential aggressive steps by Russia in the future".
California's Brown Hears Fracking Gripes
Monday, March 10, 2014 In a year when California Democrats are worried about motivating their voters, Gov. Jerry Brown heard another unwelcome message Saturday: Some Democratic activists are bristling over his administration's policies on hydraulic fracturing, or fracking.
Subsea: State of the Industry
Monday, March 10, 2014 Recent quarterly results from oilfield services and equipment suggest the subsea sector is in rude health despite a wider slowdown in capital spending by upstream firms.
INSIGHT: Equatorial Guinea Seeks To Shake Off 'Oil Curse' Image
Monday, March 10, 2014 Equatorial Guinea President Teodoro Obiang Nguema is keen to shed the oil-rich country's negative image.
What's Next on the Geopolitical Horizon
Monday, March 10, 2014 Experts offer their insights into future geopolitical trends as the CERAWeek Conference wraps in Houston.
Ukraine's EU Neighbors See US Gas as Russian Hedge
Monday, March 10, 2014 Four Central European nations are urging the United States to boost natural gas exports to Europe as a hedge against the risk that Russia could cut its supply of gas to Ukraine.
North Korea-Flagged Ship Finishes Loading Oil at Libya Rebel Port
Monday, March 10, 2014 A North Korean-flagged tanker loads up with crude oil at the Libyan rebel-held port of Es Sider, with the Libyan government threatening to bomb the ship.
Paper: EC to Delay Russian South Stream Gas Pipeline Talks
Monday, March 10, 2014 The EU Energy Commissioner will delay talks with Russia on the South Stream gas pipeline project due to the crisis in Crimea.
US Commerce Secretary in Gulf Ahead of Obama Visit
Monday, March 10, 2014 The U.S. Secretary of Commerce is in the Middle East, telling officials from the United Arab Emirates, Saudi Arabia and Qatar that closer economic cooperation with Washington is a way to build deeper security ties with the United States.
Oil Sinks On Weak China Data and As Heating Season Ends
Monday, March 10, 2014 US oil fell by more than $1 per barrel, pressured by an unexpected drop in China's exports that stoked fears of a slowdown in the world's second-largest economy.
Chad Oil Drilling Workers Start Three-Day Strike over Pay
Sunday, March 09, 2014 1,600 workers in Chad's oil exploration sector begin a three-day strike.
E&P Exec Skeptical About Effectiveness of DOT Tank Car Order
Friday, March 07, 2014 Recent action on crude-by-rail by the US Department of Transportation is "ludicrous," opines Breitling Energy CEO Chris Faulkner.
Rice, Harvard University: The Geopolitics of Natural Gas
Friday, March 07, 2014 A new study by Rice and Harvard looks at the future of the global natural gas market, including various scenarios for a changing political and economic climate.
Campaigners Highlight 'Shortcomings' of Irish Oil, Gas Tax Regime
Friday, March 07, 2014 As Ireland's energy minister appoints Wood Mackenzie to advise on the country's tax regime for oil and gas, campaign group Own Our Oil calls for an overhaul of how the industry is taxed and regulated.
Foreigners to be Mostly Kept Out of China's Privatizations
Friday, March 07, 2014 As China embarks on a new wave of opening up state-dominated industries to private capital, foreign firms will largely be kept out and authorities are likely to look to institutions.
Middle East Businesses to Increase Employee Headcount in 1Q 2014
Friday, March 07, 2014 Businesses in Dubai project an increase in new hires in the first quarter 2014 with the oil and gas industry employment outlook remaining strong throughout the year.
Kazakhstan Sues Foreign Oil Majors Over Flailing Kashagan
Friday, March 07, 2014 Kazakhstan is suing foreign oil majors developing Kashagan, a tactic similar to those that secured the government large stakes in two other multinational energy projects on its territory.
CERAWEEK: Latin America Takes Oil Spotlight Despite Troubles
Friday, March 07, 2014 Nationalizations, currency controls, contract changes, subsidies and political instability over the last 15 years have not prevented energy investors from showing renewed interest in Latin America.
FlexGen Brings Portable Power to Remote Drilling Sites
Friday, March 07, 2014 FlexGen's military-proven power source finds crossover appeal in the energy industry.
Oil Rises On Solid Gain In US Hiring
Friday, March 07, 2014 The price of oil creeps up to near $102 a barrel after a solid increase in US employment and a decline in the dollar.
State News Agency: Yemen Names New Oil And Interior Ministers
Friday, March 07, 2014 Yemen appoints new oil and interior ministers, state news agency Saba reports, after a series of lethal attacks on security targets and oil facilities.
Egypt Tries Harder To Stop Energy Firm Exodus
Thursday, March 06, 2014 Egypt is enhancing exploration terms and striving to repay nearly $5B it owes to foreign oil and gas producers as it struggles to prevent them fleeing to more promising prospects elsewhere in Africa.
Feds Detail Tests For Crude Moved By Rail
Thursday, March 06, 2014 Federal regulators offer more details on testing requirements for oil transported by rail and warn companies against skirting the rules after a spate of explosions caused by crude train derailments.
Musings: Fewer December Bakken Wells Point Out Shale Challenge
Thursday, March 06, 2014 North Dakota's December production fell by 50,000 bpd, or 5.3%. Was it all weather-related or a sign of our future when drilling activity slows?
Shell Wants Scotland To Stay In UK As Oil Firms Opt For Stability
Thursday, March 06, 2014 Shell becomes the second oil major, after BP, to urge Scotland to stay within the UK ahead of the referendum planned for this September.
Brent, US Oil Rise As Ukraine Risks Return
Thursday, March 06, 2014 US oil rises after falling to near 3-week lows as traders reconsider the geopolitical risk posed by worsening diplomatic relations over Russia's intervention in Crimea.
VNG Norge Hits Oil, Gas with Pil Well
Thursday, March 06, 2014 VNG Norge finds 443 feet of oil and 299 feet of gas with its Pil well in the Norwegian Sea.
Thai PTTEP Cuts 5-Year Investment Budget, Sales Forecast
Wednesday, March 05, 2014 PTTEP cuts its five-year investment budget by 8 percent and 2014 petroleum sales target by 3 percent due to lower output from an Australian field and a delay in the startup of a gas field in Myanmar.
Oil Slides On Weak Demand Outlook, Ukraine Fears Subside
Wednesday, March 05, 2014 Oil prices slide nearly $2 per barrel as US government data reflects weaker oil demand as Europe and the United States head into spring and refiners move into maintenance season.
Britain Far from Primed for Shale Gas Exploration, Experts Say
Wednesday, March 05, 2014 Britain's lack of onshore drilling infrastructure and local opposition will impede the development of shale gas exploration, according to speakers at the Shale UK conference.
Kemp: BP Acknowledges US Shale Is Different
Wednesday, March 05, 2014 BP's decision to form a separate business to manage its onshore oil and gas assets acknowledges shale production is more like a manufacturing process than traditional petroleum exploration.
The Changing Landscape of North American Gas is Regulatory Policies
Wednesday, March 05, 2014 As the future of the shale gas revolution evolves, regulatory policies will continue to shape the industry's practices.
Exxon Expects Flat Output In 2014, Spending To Drop 6%
Wednesday, March 05, 2014 ExxonMobil expects oil and natural gas production to be flat this year as overall spending falls 6% to about $39.8 billion.
China's CNPC to Open Six Business Areas to Private Investors
Wednesday, March 05, 2014 China National Petroleum Corporation plans to open six business areas to private investors, its chairman says, two weeks after peer Sinopec Corp opened up its retail oil business to non-state partners.
Moniz Open on Talks for Amending LNG Export Process
Wednesday, March 05, 2014 US Secretary of Energy Ernst Moniz says he will "welcome consultation" with US Congress on altering the LNG export approval process to address geopolitical needs such as the Ukrainian crisis.
Oil Falls Nearly 2% As Russia-Ukraine Fears Ease
Tuesday, March 04, 2014 Crude oil falls nearly 2% on comments from President Putin that eased concerns Russia would escalate its military intervention in Ukraine's Crimea peninsula.
Kemp: Global Oil And Gas Drilling Hits 30-Year High
Tuesday, March 04, 2014 Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programs in the Middle East and Africa.
Watson: US Should Move Forward with LNG, Crude Exports
Tuesday, March 04, 2014 Chevron CEO John Watson says US should move forward with exporting oil and LNG, noting that debate on free trade benefits won "long ago".
CERAWEEK-Chevron CEO Says Ruling In Ecuador Case A 'Resounding Victory'
Tuesday, March 04, 2014 Chevron CEO John Watson says his company won a "resounding victory" after a US district judge quashed a judgment against the company that was handed down by an Ecuadorean court.
Mackenzie: Keep Markets Free, Address Climate Challenges
Tuesday, March 04, 2014 BHP Billiton is optimistic in his CERAWeek keynote speech despite energy challenges.
BP Questions US Court's Decision on Oil Spill Payments
Tuesday, March 04, 2014 BP disputes decision made in a US appeal court to reject the company's move to halt payments under 2012's Economic and Property Damages Settlement relating to the Macondo oil spill.
Seadrill Expects High Rig Rates In African Contracts
Tuesday, March 04, 2014 Seadrill is likely to get higher-than-expected rig charter rates in forthcoming African contracts, even while rates fall across the industry, its CFO says.
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