RSS Oil & Gas Industry News

  • Court orders DOS to conduct supplemental EIS for Keystone XL project
    A federal court judge has ordered the US State Department to conduct a supplemental EIS for the proposed Keystone XL crude oil pipeline to consider the Mainline Alternative route that Nebraska’s Public Service Commission approved. But Judge Brian Morris, of US District Court for Montana’s Great Falls Division, did not vacate the presidential border-crossing permit […]
  • Northern Gulf’s rival takeover bid for Tap Oil rejected
    Independent directors of Perth-based Tap Oil Ltd. have rejected an unsolicited indicative, conditional, and nonbinding takeover proposal from Thailand-based Northern Gulf Petroleum Holdings Ltd. that rivals the earlier offer from Singapore company Risco Energy Investments (SEA) Ltd. Both companies are existing shareholders of Tap Oil.
  • PNG-LNG project signs sales agreement with BP
    The ExxonMobil Corp.-led PNG-LNG project joint venture in Papua New Guinea has signed another midterm LNG sale and purchase agreement, this time with BP Singapore Pte. Ltd. for LNG supply starting this month. It is the second such agreement for the PNG-LNG project in four weeks.
  • Baker Hughes: US rig count unchanged at 1,057
    The US drilling rig count remained unchanged at 1,057 units working for the week ended Aug. 17, according to Baker Hughes data. The count is up 111 units from this time a year ago when the count stood at 946.
  • CSB updates investigation of Oklahoma gas-well blowout, fire
    The US Chemical Safety Board released a factual update on its ongoing investigation of the Jan. 22 blowout and fire at the Pryor Trust natural gas well in Pittsburg County, Okla., that killed 5 workers. CSB has determined the incident occurred shortly after drilling crew members tripped the drill pipe from the well, it said.
  • SDX to connect South Disouq appraisal well after test
    SDX Energy will connect its SD-3X appraisal well to infrastructure at South Disouq, Egypt, following a successful production test. The SDX-operated well flowed at a maximum rate of 16.1 MMscfd of conventional natural gas during an 8-hr clean up period and was then shut in for 8 hr, during which time no pressure decline was […]
  • Maersk Drilling to be stand-alone company
    Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business. A.P. Moller-Maersk, Copenhagen, separated its transportation and energy businesses 2 years ago and cut energy investment.
  • BLM seeks comments on planned Montana, North Dakota lease sale
    The US Bureau of Land Management opened a 15-day public comment period on Aug. 10 for a proposed oil and gas lease sale of parcels in 20 Montana counties as well as 1 in western North Dakota. Comments will be accepted through Aug. 24, officials in the agency’s Billings, Mont., field office said.
  • MARKET WATCH: Crude oil prices rise on expected US-China trade talks
    Crude oil prices rose modestly on New York and London markets Aug. 16 while traders and investors remain watchful regarding US-China trade relations even though representatives from the two countries are expected to talk later this month.
  • API reiterates need to reform RFS as EPA readies proposed 2019 quotas
    Small refiner exemptions that the US Environmental Protection Agency issued to help the refiners meet renewable fuel quotas are only the latest sign that the federal Renewable Fuels Standard program is badly broken and needs to be repealed or dramatically reformed, an American Petroleum Institute official said as the agency sought comments while it prepares […]

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