Govt & Regulatory News

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Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Tuesday, January 16, 2018 Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.

India's GAIL Renegotiates LNG Deal With Gazprom
Tuesday, January 16, 2018 Gas utility GAIL (India) Ltd renegotiates the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom.

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan
Tuesday, January 16, 2018 Indian Prime Minister Narendra Modi launches the construction of a $6.8 billion refinery in the western state of Rajasthan.

Russia's Gazprom Plans To Invest 182.4B Roubles In Turkstream In 2018
Monday, January 15, 2018 Gazprom plans to invest $3.2 billion this year in the TurkStream pipeline project.

Iraq Says 26 Companies Allowed To Bid For Oil, Gas Blocks In Border Areas
Friday, January 12, 2018 The Iraqi oil ministry says 26 companies have qualified to bid for oil and gas blocks in border areas.

US Upholds NY Denial Of Constitution Natgas Pipe
Friday, January 12, 2018 Energy regulators reject Williams Cos' request to overturn New York's denial of a water permit for the company's proposed Constitution natural gas pipeline from Pennsylvania to NY.

NPD: Norwegian Production to Increase to 2023
Thursday, January 11, 2018 Norwegian production will continue to increase to 2023, according to the Norwegian Petroleum Directorate (NPD).

India's 2017 Oil Demand Growth Posts Lowest Gain Since 2013
Thursday, January 11, 2018 Indian oil consumption in 2017 grew at its slowest in 4 years, according to government statistics.

US Senators From 12 States Seek Offshore Drilling Exemptions Like Florida
Thursday, January 11, 2018 Twenty-two Democratic US senators joined the chorus of local representatives seeking exemptions from Interior Secretary Zinke's proposed offshore plan.

Ineos Shale Challenges Scottish Fracking Ban
Wednesday, January 10, 2018 Ineos Shale, along with its co-venture partner Reach, is challenging the Scottish government's effective ban on onshore unconventional oil and gas development.

Iraq To Ask Foreign Oil Firms To Build Housing For Employees
Wednesday, January 10, 2018 Iraq will ask foreign oil companies operating in the country to build housing for Iraqis employed on their projects.

Rystad: Trump Offshore Oil Proposal Could Unlock 65 Bboe
Wednesday, January 10, 2018 The Trump administration's proposal could unlock up to 65 billion barrels of oil equivalent.

After Florida, More States Press US For Offshore Drilling Exemptions
Wednesday, January 10, 2018 Governors and other officials from several US coastal states ramp pressure on the Trump administration to exempt their waters from an offshore drilling plan.

Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018 New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.

India Wants GAIL To Focus On Building Gas Pipelines-Minister
Tuesday, January 09, 2018 India wants state-run utility GAIL (India) Ltd to focus on laying gas pipelines, following reports about government plans to spin off its marketing operations.

EIA: US Oil Output To Hit Record Over 11 MMbpd By End Of 2019
Tuesday, January 09, 2018 US crude oil production is expected to climb to more than 10 million bpd early in 2018, reaching that milestone for the first time since 1970.

Icahn Demands Shake-Up At US Shale Producer SandRidge Energy
Tuesday, January 09, 2018 SandRidge Energy Inc's biggest shareholder, Carl Icahn, called on Tuesday for the replacement of two directors.

Vietnam Starts High-Profile Trial Over Oil Firm Losses
Monday, January 08, 2018 Vietnam begins the trial of 22 executives charged over losses totalling hundreds of millions of dollars at state oil firm PetroVietnam.

Iraq Bans Kurdish Firm Kar Group From Operating Kirkuk Oilfields
Monday, January 08, 2018 Iraq's parliament voted to ban Kurdish engineering firm from operating Kirkuk's oilfields, following Iraq's recapture of the Kurdish-held oil region in October.

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan
Monday, January 08, 2018 For Big Oil, the US tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

The Winter Solution Beneath Our Feet: Natural Gas
Monday, January 08, 2018 The most prosperous, energy-rich country in the world shouldn't leave any of its citizens at the mercy of freezing conditions.

China Says Will Limit Oil, Refined Product Exports To N.Korea
Friday, January 05, 2018 China's Commerce Ministry will limit exports of crude oil, refined oil products, steel and other metals to North Korea.

Trump Administration Aims To Open Nearly All US Offshore Waters To Drilling
Thursday, January 04, 2018 The Trump administration proposed opening nearly all US offshore waters to oil and gas drilling.

Forties Oil Pipeline Crack Under Investigation by UK Regulator
Thursday, January 04, 2018 The U.K. Health and Safety Executive is investigating the causes of a crack in a key North Sea oil pipeline.

Petrobras To Pay $2.95B To Settle US Class Action Over Corruption
Wednesday, January 03, 2018 Petrobras agrees to pay $2.95 billion to settle a US class action brought by investors.

Russia-China Oil Friendship Makes Crude Costlier for Europe
Wednesday, January 03, 2018 Europe's set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market.

Trump Said to Seek Biggest Offshore Drilling Increase in Decades
Wednesday, January 03, 2018 The Trump administration is poised to open the door to selling new offshore drilling rights from the Atlantic Ocean to the Arctic Sea.

China Will Strictly Implement UN Resolutions On North Korea
Tuesday, January 02, 2018 China will continue to fully, accurately and strictly implement UN's sanctions on North Korea in accordance to Chinese laws, the commerce ministry says.

Algeria's Shale Gas Plans Will Take Time, Require Tough Reforms
Friday, December 29, 2017 Algeria needs to exploit its shale gas resources to offset a surge in local energy consumption that is eating into vital exports.

Trump 'Disappointed' China Allowing Oil Into North Korea
Thursday, December 28, 2017 US President Donald Trump on Thursday said he was 'very disappointed that China is allowing oil to go into North Korea.'

US Crude Stocks Drop, Refiners Run Near Full Capacity
Thursday, December 28, 2017 US crude stocks fell more than expected last week as refineries pushed output to its highest rate for this time of year in nearly two decades, the EIA says.

Trudeau to Lay Out Predictable Timelines for Pipeline Reviews
Thursday, December 28, 2017 Justin Trudeau wants to make reviews of pipeline and other major projects run on time as Canadian producers struggle to get oil to market.

US Government Proposes Easing Offshore Oil Drilling Safety Regulations
Thursday, December 28, 2017 The US Interior Department proposes eliminating some safety regulations for offshore oil and gas drilling.

Shell's Operations Seen Boosted By US Tax Overhaul
Wednesday, December 27, 2017 Shell says it expects recently enacted US tax reform legislation to have a 'favorable' impact on its operations.

BSEE: Italy's Eni Begins Drilling Oil Well In Alaska's Beaufort Sea
Wednesday, December 27, 2017 Eni this week began drilling a new well in US waters off the north coast of Alaska, becoming the first company to do so since 2015, federal regulators say.

Ukraine's Naftogaz: Court Win Over Gazprom Worth Over $75B
Friday, December 22, 2017 Naftogaz says the total savings from its win over Russia's Gazprom at an arbitration court in Stockholm over natural gas sales will be more than $75 billion.

Kremlin: Putin Favours Amicable Agreement In Rosneft-Sistema Row
Friday, December 22, 2017 A possible amicable agreement in a row between Russian oil major Rosneft and conglomerate Sistema was a topic of Russian President Vladimir Putin's informal meeting with businessmen.

Ukraine And Russia Both Claim Victory In Gas Dispute
Friday, December 22, 2017 Ukraine's Naftogaz and Russia's Gazprom both claimed victory on Friday in a long-running gas dispute

Scotland Pledges to Continue Supporting Oil, Gas Investment
Thursday, December 21, 2017 Scotland pledges to continue supporting investment and innovation across its oil and gas sector.

Iraq Oil Ministry Starts Taking Over Majnoon Oilfield Operations
Thursday, December 21, 2017 Iraq's oil ministry starts to take over operations of the Majnoon oilfield from Royal Dutch Shell.

Tax Bill Opens Arctic Refuge for Oil; Expect Delay to Follow
Wednesday, December 20, 2017 Congress is close to lifting a 40-year-old ban on energy development in Alaska's Arctic National Wildlife Refuge.

EIA: Crude Stocks Drop More Than Expected
Wednesday, December 20, 2017 US crude stocks fell last week, while gasoline stocks increased and distillate inventories rose, the EIA says.

OGA Introduces New Measures for Operators in UKCS
Tuesday, December 19, 2017 The Oil and Gas Authority (OGA) is introducing new measures to ensure operators 'work appropriately with the supply chain and derive maximum value from project activity'.

Genel, DNO Confirm KRG Payments
Tuesday, December 19, 2017 Genel Energy plc and DNO ASA receive payment from the Kurdistan Regional Government (KRG) for oil sales during September.

Vietnam Orders Prosecution Of Oil Firm Official In Corruption Crackdown
Tuesday, December 19, 2017 Vietnamese police order the prosecution of an official at scandal-hit state energy firm PetroVietnam over financial losses, the Ministry of Public Security says.

Aker BP Submits $1.8B Field Development Plans
Friday, December 15, 2017 Aker BP ASA has submitted development plans for the AErfugl (formerly Snadd), Valhall Flank West and Skogul (formerly Storklakken) fields to the Norwegian Ministry of Petroleum and Energy.

Transneft Says Its Computers Were Used For Mining Cryptocurrency
Friday, December 15, 2017 Computers at Transneft have been used for the unauthorised manufacture, or 'mining', of the cryptocurrency Monero, a vice-president of the Russian pipeline operator said.

Oil Deal May Win Back Sudan Some Influence Over Former Enemy
Friday, December 15, 2017 Sudan lost three-quarters of its oil reserves when the south seceded in 2011. A four-year civil war in Africa's youngest nation may be letting it reassert control.

White House Pressures Big Corn To Meet On US Biofuels Policy
Friday, December 08, 2017 President Trump's administration called lawmakers from the US corn belt to convince them to join talks about potential changes to biofuels policy.

Indonesia's Pertamina To Take Over State Gas Utility PGN In 1Q 2018
Thursday, December 07, 2017 Indonesian state energy company Pertamina will take over government gas utility PT Perusahaan Gas Negara (PGN) in the first quarter of 2018.