The House of Representatives has voted in favor of lifting 40-year-old restrictions on exporting U.S crude oil.
Attractive sweet-spot margins help ease pain of low prices
The high-growth business models of the U.S. Independents are being tested by low oil prices and tougher access to capital.
Oil has been surging this week but Goldman Sachs is calling for gains to be short-lived.
Cairn India Ltd., the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajasthan in January as it revives older fields in its largest producing block, according to company and government officials.
Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe.
Lundin Petroleum is to sell its oil and gas assets in Indonesia to PT Medco Energi Internasional TBK.
Oil surged above $50/bbl in New York for the first time since July on speculation that demand is picking up.
IPAA President Barry Russell called on President Barack Obama to reconsider his position, as outlined by a White House policy announcement, and direct the U.S. Department of Commerce to lift the trade restrictions on American crude oil exports.
Encana’s wholly owned subsidiary, Encana Oil & Gas (USA), has reached an agreement to sell its Denver Julesburg (DJ) basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group.
Statoil has reported an oil leak at Statfjord field, one of the oldest producing fields on the Norwegian Continental Shelf.
Plans by Nigeria, Africa’s biggest oil producer, to review offshore production contracts signed with international oil companies two decades ago, have added to uncertainty in an industry already lacking regulatory clarity, said analysts including Philippe de Pontet of Eurasia Group.
Oil traded near $48/bbl as investors weighed OPEC’s forecast for increased global demand against rising U.S. crude stockpiles and production.
Statoil, on behalf of the Johan Sverdrup license partners, has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A.
Asahi/America, Inc. will be showcasing their Series 92 electric actuators at this year’s Louisiana Gulf Coast Oil Exposition.
Highly reliable and rugged Capstone microturbines can operate on pipeline or unprocessed wellhead gas. Because they require little maintenance and can withstand harsh environments, they are ideal for unmanned or manned wellhead sites, offshore platforms and compressor stations.
A re-injection well has been brought into operation on the Prirazlomnaya ice-resistant offshore platform, following drilling operations by Russia’s Gazprom Burenie, Gazprom Neft announced Tuesday.
Pemex has evacuated 85 workers from a platform in the Bay of Campeche, offshore Mexico, following a gas leak.
Recent reports by the International Energy Agency note that Canada will fail to have any LNG export projects up and running before 2020, paving the way for U.S. suppliers to dominate.