From Financial Tribune NIOC is taking steps to hold an international tender for Azadegan, a huge oil reservoir at its border with Iraq Shell and Total are believed to be close to final agreements to construct petrochemical plants in Iran The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran’s energy industry and
Lower prices for LNG expected as more supply is pumped into the market From The National/UAE Edition More liquefied natural gas (LNG) coming into the market will keep prices depressed despite an increase in demand from Asia, analysts said. LNG producers are ramping up from Qatar to Australia and the United States, while Egypt is expected to emerge as a new export
From Associated Press/Observer-Reporter HARRISBURG – For years, environmental advocates have sought a tax on Pennsylvania’s Marcellus Shale natural gas production while business associations have sought speedier state approval of permits for the activities of polluting industries. Now, legislation approved by the Republican-controlled state Senate gave both provisions an unexpected and unwelcome passenger: each other. The lightning-strike compromise package was quietly
Once you’ve locked up the acreage, the permits and the capital, drilling and developing shale plays is fraught with difficult operational decisions. How do companies know if they’re making the right choices when it comes to field development and drilling plans? SunTrust Robinson Humphrey recently held a conference call outlining operational issues facing U.S. shale producers. In the call, experts
275 MBOPD comes back after disruptions Oil prices dropped today as Libya resumed production from its largest oil-producing field, with WTI falling 2% to $48.62/bbl in intraday trading. Libya’s Sharara field, located in western Libya, resumed production on Monday, according to Libya’s NOC. The Sharara field was producing about 275 MBOPD in late July, meaning the field accounts for more
From the Financial Times Shale oil pioneer looks to benefit from expected surge in LNG exports from the US Harold Hamm, one of the pioneers of the US shale oil boom, is stepping up his investment in gas in an attempt to benefit from an expected surge in US exports of liquefied natural gas. Mr. Hamm, a close ally of
Companies are hoping to construct pipeline, refinery in West Texas From the Houston Chronicle In this Wednesday, July 12, 2017 photo, workers install a natural gas pipeline in New Washington, Ohio. The company that developed the Dakota Access oil pipeline is entangled in another fight, this time in Ohio … more You’ve got to start somewhere. Two companies, with relatively little
Colorado’s fastest growing communities are in the path of a petroleum rebound From the Denver Post The clash between growing communities and oil and gas production in northeastern Colorado, heightened by a deadly home explosion last spring, will only intensify in coming years, a Denver Post analysis of drilling permits suggests. The Post analyzed pending and approved drilling permits in and around the
Obama-era rule update would have tightened some regulation of drilling on federal lands, mostly in the West From the Denver Post The nation’s stalled rule to protect public land against harm from fracking faced multiple threats Thursday after the oil and gas industry and states, including Colorado, asked a federal appeals court to hold off indefinitely on deciding whether it
Crestwood Equity Partners LP (CEQP) (“Crestwood” or “CEQP”) announced that Shell Midstream Partners, L.P. (SHLX)(“Shell Midstream”), a master limited partnership formed by Royal Dutch Shell plc, exercised its option to purchase a 50% equity interest in the Nautilus gas gathering system owned by Crestwood Permian Basin Holdings LLC (“CPJV”), a 50%/50% joint venture with First Reserve and operated by CEQP.
From Reuters Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at least one cargo in recent months, according to sources from state-run oil company PDVSA. Phillips 66 (PSX.N) has also asked for price discounts for other shipments of
From the Pittsburgh Business Journal EQT Corp. has named an oil and gas industry veteran and former CEO of Gulf Oil LP to lead its midstream division. Jeremiah J. Ashcroft III, 45, will become senior vice president of EQT and president, midstream, of EQT Corp. (NYSE: EQT), as well as senior vice president and COO of EQT Midstream Partners LP
