The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an official release on January 27, 2015. The Program opens up 14 potential lease sales in eight planning areas, including: 10
HOUSTON, Jan. 27, 2015 (GLOBE NEWSWIRE) — Energy XXI (Nasdaq:EXXI) regretfully announced the passing of Mr. Paul Davison. Mr. Davison suddenly passed away at the age of 61. Mr. Davison served as one of our independent non-executive directors since May 2007. He was as a member of our Audit and Remuneration Committees. “We offer our deepest condolences to his wife
WASHINGTON, January 27, 2015 – More than seven in ten North Carolina voters support offshore drilling for domestic oil and natural gas resources, according to a new poll conducted by Harris Poll for API’s “What America is Thinking on Energy Issues” series. “Voters in North Carolina know developing more of America’s homegrown energy makes sense for jobs, government revenues, and our
From Bloomberg: Natural gas futures climbed in New York as a winter storm brought frigid weather to the Northeast, boosting heating demand. The storm was forecast to drop snow across central and eastern New England into Wednesday, according to the National Weather Service. The low in Boston may be 14 degrees Fahrenheit (minus 10 Celsius), 9 below normal, according to
View the PDF – Download Video File Few people understand the business of oil and gas better than Tom Petrie. After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch and subsequently served as Vice Chairman of Bank of America Merrill Lynch. Most recently Petrie co-founded Denver-based Petrie Partners, a boutique energy-focused
From Reuters: Transnet SOC Ltd., South Africa’s state-owned logistics company, said it would develop a service facility for the oil and gas industry at the port of Saldanha Bay in the country’s Western Cape province. The 9.65 billion-rand ($853 million) project will comprise an offshore hub that will supply food and materials, collect waste and fix rigs at the port
From Oil & Gas Technology: Gazprom Marketing & Trading Singapore, company of Gazprom Group and Yamal Trade have signed a long-term sales and purchase contract for liquefied natural gas (LNG) from the Yamal LNG project The contract that will be effective for over 20 years provides for the annual supply of 2.9 million tons of LNG that will be delivered
DENVER, CO — (Marketwired) — 01/27/15 — American Eagle Energy Corporation(NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces that it recently closed the sale of certain non-core, non-operated working interests in oil and gas properties located in Divide County, North Dakota (the “Properties”) to an independent exploration and production company for a total sales price of $9.5 million in
Proved developed reserves increased to 586.7 Bcfe, or 65%, over 2013 Drill-bit F&D in Butler Operated Area of $0.41/mcfe, among the best in the Marcellus Shale Overall drill-bit F&D of $0.67 / mcfe Successfully replaced ~972% of production in 2014 SEC PV-10 of $1.2 billion, an increase of 80% over 2013 SEC PV-10 Successful confirmation of downspacing to 650 feet
The Obama Administration’s announcement of plans to expand protection in ANWR is a ‘declaration of war’ says Alaskan Congresswoman The White House released a revised Comprehensive Conservation Plan Sunday, which will designate 12.28 million acres in Alaska’s Arctic National Wildlife Refuge (ANWR) as wilderness. The new designation would mean that no new drilling could take place in the region. The
Reuters reports Enterprise Products Partners (ticker: EPD) has secured light crude oil export contracts with Mitsubishi’s Petro-Diamond Singapore and Vitol, an independent oil trader, for volumes of 40 MBOPD in 2015. The information comes from Reuters sources based on anonymity, but information arose last week about EPD seeking to expand its crude export cargoes. Although the export of raw crude
