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Call for more risk disclosure a shot in offshore barrage

August 31st, 2015

Senate liberals made motivations clear when they demanded that the US Securities and Exchange Commission enhance requirements for the disclosure of risks associated with oil and gas drilling.

Encana sheds Haynesville assets in $850-million deal

August 31st, 2015

Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corp., has agreed to sell its Haynesville natural gas assets in northern Louisiana to GEP Haynesville LLC, a joint venture formed by GeoSouthern Haynesville LP and funds managed by Blackstone Group LP's GSO Capital Partners LP, for $850 million.

Deloitte: Northern Territory bullish on shale gas

August 31st, 2015

Development of a shale-gas industry in Northern Territory could drive significant long-term economic growth and generate as much as $1 billion (Aus.) of government revenue, according to recent study by Deloitte Access Economics commissioned by the Australian Petroleum Production & Exploration Association.

Oklahoma reduces wastewater disposal well volumes in Oklahoma, Logan counties

August 31st, 2015

The Oklahoma Corporation Commission's Oil & Gas Conservation Division (OGCD) announced plans to reduce oil and gas wastewater disposal well volume in a proscribed area of northern Oklahoma County and southern Logan County to try and reduce earthquakes.

AER orders Nexen to shut 95 pipelines at Long Lake

August 31st, 2015

The Alberta Energy Regulator on Aug. 28 ordered Nexen Energy ULC to shut 95 pipelines at its Long Lake oil sands operations due to noncompliance in pipeline maintenance and monitoring. The lines carry crude oil, natural gas, salt water, fresh water, and emulsion.

KRG to tap oil sales to pay companies

August 31st, 2015

The Kurdistan Regional Government (KRG) said it will allocate to international oil companies working in the Kurdish region of Iraq some of the revenue it receives from direct crude oil sales at Ceyhan, Turkey.

Uganda names 16 firms eligible for first licensing round

August 31st, 2015

Uganda's government has granted approval to 16 companies to bid on exploration rights for six blocks in the nation's Albertine Graben region.

BHP Billiton most active in ‘disappointing’ western gulf lease sale

August 31st, 2015

Just 5 companies submitted 33 bids on 33 tracts in Gulf of Mexico western planning area Lease Sale 246, the US Bureau of Ocean Energy Management (BOEM) reported following the event in New Orleans on Aug. 19. The sum of apparent high bids totaled just $22,675,212.

WoodMac: ‘Decade-long’ global gasoline surplus possible for refiners

August 31st, 2015

The global oil product market could experience a surplus of gasoline supply as early as 2017, according to the latest long-term oil product market forecast from Wood Mackenzie Ltd.

Wells boost flow from licenses in Thailand

August 31st, 2015

Three wells recently completed on the SW1, L44/43, and L33/43 licenses in north-central Thailand had combined initial production exceeding 4,000 b/d and pushed total output to 9,466 b/d of light oil in July, reports Loyz Energy Ltd., Singapore.

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