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News Topics: Govt & Regulatory

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Shell Commited To Russia Expansion Despite Sanctions
Friday, April 18, 2014 President Vladimir Putin pledges to support Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden.

Eni, Ukraine Agree On Need To Increase Gas Production
Thursday, April 17, 2014 Eni's Poalo Scaroni and Ukraine's energy minister agree on the need to increase gas production in the country, which is at the center of escalating tensions with Russia.

Oil Output In South Sudan's Unity State Delayed By Fighting
Thursday, April 17, 2014 A new bout of fighting in South Sudan's oil-producing Unity state will delay the resumption of output in the region, a senior oil ministry official says.

Linc Energy Stands Firm in Environmental Dispute with Queensland Government
Thursday, April 17, 2014 Linc Energy stands firm in a dispute with the Queensland government in Australia over allegations that it has caused unauthorized environmental harm at the Chinchilla Underground Coal Gasification Research and Development Facility.

Providence Offered Upgrade to its Newgrange Licensing Option
Thursday, April 17, 2014 Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.



Remote, Oil-Rich Shetland Elbows Way into Scotland's Independence Vote
Wednesday, April 16, 2014 Shetlanders see the Scottish independence vote as an opportunity to gain a share of revenues from the oil pumped from the North Sea.

Ophir Gets Formal Approval to Farm-in to WHL's Offshore Seychelles Block
Wednesday, April 16, 2014 WHL Energy reveals that the Seychelles government has formally approved Ophir Energy's farm-in to its offshore Seychelles exploration project area.

Kuwait to Award $4.3B Contract this Year for Heavy Oil Project
Tuesday, April 15, 2014 Kuwait plans to award a $4.3B contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field.

Ruspetro Gets 20-Year Extension to Vostochno-Inginsky License
Tuesday, April 15, 2014 Ruspetro sees its Vostochno-Inginsky license in the Western Siberia extended to 2034.

US EPA Studies Whether To Regulate Methane From Oil And Gas
Tuesday, April 15, 2014 The US EPA took a step toward a wider strategy to address climate change, releasing 5 technical papers that will help it decide whether or not to regulate methane emissions from the oil and gas sector.

Angola To Launch Tender For 10 New Onshore Oil Blocks On May 30
Monday, April 14, 2014 Angola will start the tender process for onshore oil exploration at 10 new blocks in the Congo Basin and Kwanza Basin on May 30, state oil firm Sonangol says.


France's Total Calls Time on Polish Shale License
Monday, April 14, 2014 France's Total chooses not to renew its only shale gas exploration license in Poland, according to a company spokesman.

Horizon Oil Gets Approval to Develop Stanley Gas, Condensate Project in PNG
Monday, April 14, 2014 Horizon Oil receives approval to develop the Stanley gas condensate project in Western Province, Papua New Guinea.

Italy Set to Make Sweeping Management Changes at State Firms
Monday, April 14, 2014 Italy is set to announce sweeping changes to the top management at state-backed firms, including oil group Eni

Russia, China Aim to Finish Gas Talks before Putin's May Visit
Monday, April 14, 2014 Russia and China aim to wrap up a 10-year series of talks about Russian gas supplies before Russian President Vladimir Putin visits China in May.

Energy Department Seeks Methane Hydrate Proposals
Sunday, April 13, 2014 The US Department of Energy is soliciting for another round of research into methane hydrates, the potentially huge energy source of "frozen gas" that could step in for shortages of other fossil fuels.

MOG Receives 1st Payment Following Malta Case
Friday, April 11, 2014 Leni Gas & Oil pays Mediterranean Oil & Gas $1 million of the $2.5 million it owes MOG after the failure of its court case over a 2012 Maltese license deal.

UAE Energy Minister Hopes Western Partners Keep Oilfields Role
Friday, April 11, 2014 UAE Energy Minister hopes Western firms in charge of Abu Dhabi’s biggest oilfields would continue to keep a role, but that no firm will automatically retain concessions when they come up for renewal.

Democratic Senators Press Obama For Keystone Decision By May 31
Thursday, April 10, 2014 Eleven US Democratic senators urge President Obama to make a final decision on whether to approve TransCanada's Keystone XL pipeline from Canada to the Gulf Coast no later than May 31.

BP Says Can Act As Bridge Between Russia And West
Thursday, April 10, 2014 BP can help enhance relations between Russia and the West and is talking to politicians across the world, executives say.

EIA: US Oil Reserves Jump On Shale, But Gas Tumbles In 2012
Thursday, April 10, 2014 Proven US oil and condensate reserves jumped 15.4%, or 4.5 billion barrels, in 2012 owing to shale oil production, the EIA says.

Iraq Hopes to Complete Oil Pipeline to Raise Exports This Year
Wednesday, April 09, 2014 Iraqi Oil Minister Abdul Kareem Luaibi says the country hopes this year to complete construction of a 124-mile oil pipeline to raise exports to Turkey to more than one million barrels per day.

CAA Helicopter Safety Timeline Criticized
Wednesday, April 09, 2014 The Civil Aviation Authority's timeline for the introduction of safety recommendations for offshore helicopter flights "does not take into account the full risk picture for offshore workers", says Oil & Gas UK.

IRS Puts Damper On Newer Types Of Energy Partnerships
Wednesday, April 09, 2014 The IRS has temporarily stopped issuing private letter rulings that energy companies sometimes request when setting up master limited partnerships for their tax benefits.

Britain Warns Scots That Independence Would Hurt Energy Industry
Tuesday, April 08, 2014 Britain warns Scots that voting for independence would threaten the commercial viability of North Sea oil and gas fields and renewable energy projects.

National Petroleum: Ghana Oil Output To Hit Up To 110,000 Bpd In 2014
Tuesday, April 08, 2014 Ghana's Jubilee oilfield will produce up to 110,000 barrels per day in 2014, Ghana National Petroleum Corporation Chief Executive confirms.

Norway to Boost Oil Project Oversight after Cost Overruns
Tuesday, April 08, 2014 Norway's Oil Directorate Head says the country is growing increasingly intolerant of delays and cost overruns at offshore oil projects.

OMV To Pay Higher Austrian Oil And Gas Royalties
Tuesday, April 08, 2014 OMV will have to pay higher royalties for oil and gas production in Austria backdated to the start of this year, its chief executive says.

West Australia Sets Conditions for Renewing Browse Gas Leases
Monday, April 07, 2014 The Western Australian government will only renew two leases in the offshore Browse LNG development if the partners set up an onshore supply base in the state and allocate gas for industrial use in the state.

Crimea Cost Ukraine Over $10B In Lost Natural Resources
Monday, April 07, 2014 Ukraine's ecology and natural resources minister estimates that Kiev has lost natural resources and related assets worth $10.8 billion when Russia annexed the Crimea region.

Chevron Brazil Faces Criminal Oil-Spill Charges, Reinstated on Appeal
Friday, April 04, 2014 Brazilian judges order a criminal prosecution of Chevron Corp. over a November 2011 oil spill.

Republicans: California Regulations Block State Shale Oil Boom
Friday, April 04, 2014 Republican lawmakers say over regulation has prevented a shale oil boom in California and if eased, could boost production in the state and reduce its dependence on foreign energy.

Santos Submits Environment Assessment on Narrabri Project to NSW Government
Friday, April 04, 2014 Santos submits a preliminary environment assessment on the Narrabri Gas Project in New South Wales, Australia to the State Government.

Federal Agencies Issue Major Regulatory Changes
Friday, April 04, 2014 The federal agencies under President Obama continue to press his environmental agenda with the release of three major regulatory changes within the last week.

WHL Receives Nod to Farm Out 75% Stake in Seychelles Block to Ophir
Friday, April 04, 2014 WHL Energy receives regulatory approval for the farm-out of a 75% interest in its Seychelles exploration block to Ophir Energy.

Sources: Iran, Russia Working to Seal $20B Oil-for-Goods Deal
Thursday, April 03, 2014 Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations say.

MOG Gets Awarded Costs after Court Victory
Thursday, April 03, 2014 Leni Gas & Oil is ordered to pay all Mediterranean Oil & Gas's legal costs following the failure of Leni's case against MOG over the 2012 Maltese license deal between the two firms.

Canada High Court To Hear Chevron In $9.1B Ecuador Lawsuit
Thursday, April 03, 2014 The Supreme Court of Canada agreed to hear an appeal by Chevron of a lower-court decision that said Ecuadorean villagers could pursue in Ontario their $9.51B lawsuit.

France's Total Gets Rights to Explore Russian Shale Oil
Thursday, April 03, 2014 Total secures the rights to explore shale oil blocks in West Siberia, according to an official.

Croatia Launches First Offshore Licensing Round
Wednesday, April 02, 2014 Croatia's Minister of Economy Ivan Vrdoljak officially opens Croatia's first offshore license round.

SBM Offshore Says Agents May Have Bribed Officials in Africa
Wednesday, April 02, 2014 SBM Offshore NV reveals that an internal investigation had found evidence that agents in Angola and Equatorial Guinea may have bribed government officials.

Hollande Ex, Royal, Named French Energy and Environment Minister
Wednesday, April 02, 2014 Segolene Royal, the ex-partner of French President Francois Holland, becomes France's Energy and Environment Minister.

Oil & Gas UK Launches Project to Boost UKCS Exploration
Tuesday, April 01, 2014 Trade body Oil & Gas launches the first phase of a project that aims to stimulate more exploration on the UK Continental Shelf.

Court Sentence Threatens Eni CEO's Re-Election Hopes
Monday, March 31, 2014 Eni's CEO Paolo Scaroni was sentenced to 3 years in prison.

Statoil Gets Nod To Take Vale's Stake In Brazil Blocks
Friday, March 28, 2014 Brazil approves Statoil's acquisition of a stake in an offshore oil concession from Vale.

Mexico Plans A Mix Of Areas For First International Oil Tender
Friday, March 28, 2014 Mexico will offer up a geological mix of prospective oil blocks when it launches its first international public tender as part of a landmark energy reform, a top Energy Ministry official says.

White House Eyes New Regulations To Cut Methane From Oil, Gas Sector
Friday, March 28, 2014 The White House says it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry.

Argentine Senate OKs Plan To Pay Repsol For 2012 YPF Takeover
Thursday, March 27, 2014 Argentina's Senate approves a government proposal to pay Repsol $5B in bonds to compensate the Spanish oil major for the nationalization of its majority stake in energy company YPF two years ago.

Kashagan Group Says No Oil Restart Date Yet, Probe Results Delayed
Thursday, March 27, 2014 A consortium developing Kazakhstan's $50B Kashagan oilfield said the result of a probe into a toxic gas leak was now expected in the 2Q, extending the closure of one of the world's biggest oil finds.

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