Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Energy and Natural Resources Committee, today voted to approve legislation authorizing the cross-border permit for constriction of the Keystone XL pipeline.
WASHINGTON -- The American Petroleum Institute has announced the establishment of a Colorado Petroleum Council that will focus on energy priorities in the state, including hydraulic fracturing and energy infrastructure, as the state seeks to create jobs, generate more revenue to the government, and produce more domestic energy.
ShaleTech Canada 2015 is the premier event for professionals working in the shale oil and gas industry in Canada, which is the world's fifth-largest oil producer.
ConocoPhillips, the third-largest U.S. energy producer, reported a fourth-quarter loss as new output failed to make up for the worst oil-price crash since 2009.
GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions.
Scotland will impose a moratorium on unconventional oil and gas drilling pending the results of a public consultation, in the latest blow for fracing in the UK.
PetroQuip Energy Services has successfully run its Big Foot toe sleeve in a recent horizontal completion for an independent operator in the Anadarko basin.
Wood Mackenzie's European upstream research team have assessed the most significant events of 2014 impacting Continental and Mediterranean Europe’s—all of Europe excluding UK and Norway—oil and gas sector, including the Ukraine Crisis and the collapse of global oil prices, identifying the key areas to watch this year.
U.S. drillers idled rigs seeking oil for a seventh week as production hovers near a three-decade high, contributing to a global glut that’s kept oil prices below $50/bbl for more than two weeks.
Enterprise Product Partners LP is looking to sell a year’s supply of U.S. ultra-light oil to the global market, signaling another challenge for OPEC as it contends with the U.S. shale boom.
With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData.
BHP Billiton, the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings.
OPEC isn’t the only victim of the growth in U.S. shale oil.
YANTAI, China -- Jereh has successfully completed the construction of China’s first shale gas liquefaction plant in Sichuan, China, with a capacity of 2.47 MMcfd of LNG, the company has announced.
BLACKPOOL, United Kingdom -- Colette Cohen, Head of Centrica’s UK oil and gas production business, has been appointed as the Chair of the National College for Onshore Oil and Gas, headquartered in Blackpool, as it enters its critical development stage.
EDINBURGH, United Kingdom -- The drop in oil prices has led to an unprecedented level of uncertainty going into 2015, especially for the prospects of the North American upstream oil and gas sector. While there is a lack of consensus about when oil prices will stabilize and at what level, Wood Mackenzie expects service cost relief, asset high-grading, and efficiency improvements in operations.
LONDON -- The UK's Environment Agency has granted Cuadrilla, an independent seeking to exploit unconventional resources in the UK, the environmental permits for its proposed shale gas exploration site at Preston New Road, Lancashire.
HAMBURG, Germany -- RWE Dea will not spud the next field development well -- Völkersen Nord Z7 -- at Germany’s Völkersen gas field, the company said.
PARIS -- CGG has confirmed that its new multi-physics business line is now up and running within its acquisition division.
NEW YORK (Bloomberg) -- U.S. production of crude oil rose to a record even as prices slumped to the lowest in more than five years and the number of rigs targeting oil decreased.