News Topics: Govt & Regulatory
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China Merges Two-Tier Gas Pricing, Introduces More Market Elements
Monday, March 02, 2015 China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and will introduce more market-oriented elements in future pricing of the cleaner burning fuel.
Baghdad Says Progress Made on Kurdish Oil Export Dispute
Sunday, March 01, 2015 Iraqi and Kurdish authorities make progress to rescue a deal over crude oil exports.
Bells Toll for Europe's Largest Gas Field
Sunday, March 01, 2015 The future of the Groningen gas field in the northern Netherlands is questioned amid earthquakes.
Indonesia Says Fate of Total's Mahakam Gas Block in Pertamina's Hands
Friday, February 27, 2015 Indonesia will hand full control over the Mahakam gas block in East Kalimantan province to Pertamina once its current operator's contract, held by Total SA, expires in 2017, an energy ministry official says.
Mexico OKs 5 Shallow Water Areas In Round One Oil Tender Second Leg
Friday, February 27, 2015 Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.
Russia's Rosneft May Get 300B Roubles from National Wealth Fund
Friday, February 27, 2015 Russian state oil firm Rosneft may get $5 billion from Russia's National Wealth Fund to finance five projects.
Tasmania Maintains Moratorium on Hydraulic Fracking Until March 2020
Friday, February 27, 2015 The Tasmanian government in Australia maintains a moratorium on the use of hydraulic fracking in the state until March 2020.
Angola Hopes To Turn Around Falling Oil, Gas Output
Thursday, February 26, 2015 Angola plans to increase its oil production by 20% by next year after suffering a difficult 2014.
US Gas Exporters Eye Baltic Region, Poland As Asian LNG Boom Fades
Thursday, February 26, 2015 LNG exporters are looking to the Baltic states and Poland to sign buyers keen to cut their reliance on Russian supplies; hopes fade that Asian demand for cheap N. American natural gas will increase sales.
Venezuela Seeks Annulment of Exxon Award at World Bank Tribunal
Thursday, February 26, 2015 Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides say.
Texas Legislature Gets Down to Business
Thursday, February 26, 2015 Water, transportation and taxes are amongst the key issues the Texas Legislature is set to tackle.
UK Oil & Gas Authority Issues 'Call to Action'
Wednesday, February 25, 2015 A report from the new Oil & Gas Authority issues a "call to action" to protect and sustain the UK oil and gas industry.
UK Shale Gas Firm Cuadrilla Hits Further Planning Snag
Wednesday, February 25, 2015 Cuadrilla hits another obstacle to getting the gas out of the ground when a local council refuses it a permit for a site where it wanted to take geological measurements.
Kemp: Keystone Shows Environmental Review Process Is Broken
Wednesday, February 25, 2015 Keystone has become a symbol of a broken decision-making process that should be overhauled to ensure the US can meet the urgent energy and environmental challenges of the 21st century, analyst John Kemp says.
C. Bank Governor: Low Oil Prices To Hit Investment In Uganda's Oil Sector
Wednesday, February 25, 2015 The sharp drop in oil prices will likely slow down the flow of investment capital tied to Uganda's emerging hydrocarbons industry, and hurt economic growth, the country's central bank governor says.
Israeli Regulator Delays Monopoly Decision On Natural Gas Fields
Tuesday, February 24, 2015 Israel's competition regulator delayes a decision on whether to declare the country's natural gas fields a monopoly for two months to allow time for an agreed solution to be reached.
Latest Activity Survey 'Paints Bleak Picture' of UK Oil, Gas Sector
Tuesday, February 24, 2015 Oil & Gas UK's latest Activity Survey report "paints a bleak picture" of the industry on the UK Continental Shelf.
Obama Vetoes Keystone Pipeline Approval Bill
Tuesday, February 24, 2015 President Obama swiftly delivers on his vow to veto a Republican bill approving the Keystone XL oil pipeline from Canada.
Thailand Puts Bidding For Oil, Gas Concessions On Hold
Tuesday, February 24, 2015 Thailand's military government will delay bidding for new oil and gas concessions indefinitely, pending an amendment to a petroleum law, Prime Minister Prayuth Chan-ocha says.
Uganda Offers Six Petroleum Blocks In First Competitive Licensing Round
Tuesday, February 24, 2015 Uganda is offering 6 petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, the Energy and Mineral Development Ministry says.
Trinidad, Venezuela Sign Deal For Natural Gas Exploration
Tuesday, February 24, 2015 Venezuela President Nicolas Maduro signs a deal with Trinidad & Tobago for joint exploration of natural gas in waters between both nations.
API Reviews Proposed Arctic Offshore Regulations
Friday, February 20, 2015 The Arctic is an essential piece of the energy equation and vital to keeping America's status as a world leader in energy, API Director of Upstream Erik Milito says.
EU to 'Reframe' Russian Energy Ties When Time is Right
Friday, February 20, 2015 The EU will consider reframing energy relations with Russia when the time is right but right now it is focused on building a strategic gas partnership with Ukraine, according to a draft document.
US Proposes First Rules For Arctic Oil, Gas Drilling
Friday, February 20, 2015 The Obama administration proposes standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills.
BP Loses Bid to Cut Maximum $13.7B Gulf Spill Fine
Friday, February 20, 2015 US judge rejects BP's attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill.
Minister: Croatia Gets 7 Bids For Onshore Oil/Gas Exploration
Wednesday, February 18, 2015 Croatia receives 7 bids at an international tender for onshore exploration of oil and gas in the northern Drava river basin and east of the country, Economy Minister Ivan Vrdoljak says.
Canada Imposes Sanctions On Russian Oil Firm Rosneft, Rostec CEO
Wednesday, February 18, 2015 Canada is imposing sanctions against Rosneft and the head of conglomerate Rostec, among others, in response to the actions of Russian-backed militants in Ukraine, Ottawa says.
Mexico Central Bank Cuts 2015, 2016 Growth Outlook On Oil Slump
Wednesday, February 18, 2015 Mexico's central bank revises down its growth outlook for this year and next after a sharp drop in oil prices spur budget cuts and dampen the outlook for an opening of the country's energy sector.
Mexico's Pemex Says Suspends Some Deep Water Exploration Projects
Wednesday, February 18, 2015 Pemex postpones some deep water exploration projects and says it will cut jobs as part of a raft of planned capital delays due to slumping crude prices.
Woodside Sees Slim Hope for East Timor LNG This Decade
Wednesday, February 18, 2015 Woodside expresses doubts its Greater Sunrise gas prospect could go ahead this decade, leaving it off a list of growth projects out to 2019 and beyond in its annual results presentation in a bad sign for impoverished East Timor.
Court Upholds Ohio's Power To Regulate Oil, Gas Drilling
Tuesday, February 17, 2015 Certain local zoning laws aimed at limiting fracking can't be used to circumvent the state's authority over oil and gas drilling, a fiercely divided Ohio Supreme Court rules.
Sound Oil Authorized to Drill 2nd Well on Carita License
Tuesday, February 17, 2015 Sound Oil receives drilling authorization to drill a second well on the Carita license, onshore northern Italy.
Sterling Says Madagascar Government Approves Extension for 2 Offshore PSCs
Tuesday, February 17, 2015 Sterling Energy reports that the Madagascar government has extended the production sharing contracts for the country's offshore Ambilobe and Ampasindava blocks.
Sterling Signs Deal to Gain Complete Control of Cameroon Concession
Tuesday, February 17, 2015 Sterling Energy signs a deal that will give it complete ownership of the Ntem Concession, offshore Cameroon.
Egypt, Cyprus Aim for Gas Import Deal in 6 Months
Monday, February 16, 2015 Egypt signs a memorandum of understanding that could see its reach a deal on imports of Cypriot gas within six months, says the Egyptian prime minister's office.
Kuwait Oil Minister Sees Price Rally Continuing
Monday, February 16, 2015 Kuwait's oil minister says he expects the current oil price rally to continue into the second half of 2015 as the global supply surplus shrinks.
JKX Launches Arbitration Proceedings against Ukrainian Government
Monday, February 16, 2015 JKX Oil & Gas launches arbitration proceedings against the Ukrainian government, seeking repayment of $180 million in rental fees it has paid on the production of oil and gas in Ukraine since 2011.
RH Petrogas Gets Clearance to Develop North Klalin Field in West Papua
Monday, February 16, 2015 SKK Migas approves RH Petrogas' plan to develop the North Klalin gas and condensate field in Kepala Burung Production Sharing Contract in West Papua, Indonesia.
Thailand Extends Bid Deadline For Energy Concessions Amid Criticism
Monday, February 16, 2015 Thailand extends the bid deadline for oil and gas concessions by a month after politicians and activists criticize the contract terms, the country's energy policy committee says.
Government Approves Change in Equity Stakes in Blocks 105, 120 Off Vietnam
Monday, February 16, 2015 The Vietnamese government has endorsed changes to the equity stakes held in Blocks 105 and 120 off Vietnam after Neon Energy's withdrawal from the permits.
EU's Top Court: Shale Gas Drillers Have To Consider Cumulative Impact
Friday, February 13, 2015 The European Union's top court has clarified EU rules on shale gas exploration in a judgment that could require some member states to change their legislation, lawyers say.
Total CEO Says Cheap Oil Will Prevent US Energy Independence
Friday, February 13, 2015 Total CEO Pouyanne says US will not reach its aim of energy independence as the drop in oil prices will hit American shale oil producers.
Oil's Fall Rocks Already Reeling Polish Shale Gas Hopes
Thursday, February 12, 2015 Poland, once Europe's greatest hope for shale energy, is reeling from a rapid change in fortunes as US companies walk away and low oil prices postpone any realistic start to commercial drilling.
Italy Constitutional Court Strikes Down 'Robin Hood' Energy Tax
Wednesday, February 11, 2015 Italy's constitutional court rejects an additional corporate tax on energy companies.
Norway's Growth Healthy Despite Oil Turmoil, Rate Cut Still Likely
Wednesday, February 11, 2015 Norway's economy grew faster than expected in the 4Q but downward revisions to earlier data likely reinforced market expectation for another interest rate cut, possibly as soon as March.
Congress Passes Keystone XL Bill, Obama Expected To Veto
Wednesday, February 11, 2015 The Republican-led Congress gives final passage to a bill to approve the long-pending Keystone XL pipeline, a measure that next goes to President Obama, who has vowed to veto it.
Sound Oil Closer to Nervesa Production after Receive EIA Technical Approval
Tuesday, February 10, 2015 Sound Oil receives technical approval of the Environmental Impact Assessment for the development of its Nervesa gas discovery in northern Italy.
Keppel, Sembcorp Marine Refute Allegations of Bribe Payments in Brazil
Monday, February 09, 2015 Keppel and Sembcorp Marine refute allegations that they paid bribes to secure contracts in Brazil's energy sector.
Taipan Seeks at Least $10M Damages from Afren Over Kenya Project
Monday, February 09, 2015 Africa-focused oil explorer Taipan Resources is seeking at least $10 million in damages from EAX, its partner in a Kenyan oil field and a subsidiary of London-listed oil firm Afren.
Source: Italy's Edison Suspends Talks to Buy Two Israeli Gas Fields
Monday, February 09, 2015 Italy's Edison is reconsidering buying two Israeli gas fields due to rising regulatory uncertainty and negotiations have already been suspended, a source at the company says.
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