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NNPC should not be allowed to formulate policies for Oil, Gas sector – experts

September 29, 2015

Industry experts have warned of the dangers of allowing the Nigerian National Petroleum Corporation (NNPC) to spearhead the formulation of policies for the oil and gas sector.   The state oil company has rather been asked to focus on making the newly created directorates profit centres, instead of massive cash-guzzling points.

Report: Oil and Gas slump yet to hit western Pennsylvania commercial real estate market

September 29, 2015

A commercial real estate fallout from falling oil and gas impacts has yet to be seen in western Pennsylvania, according to a new report by CBRE Group Inc.

Shell’s Arctic O(il well comes up dry

September 28, 2015

After spending $7 billion and seven years searching for oil under Arctic waters, Royal Dutch Shell on Monday signaled its quest had come up dry.

Oil, gas industry boosts local economy

September 28, 2015

There is no question, these are tough times for Ohio’s oil and gas industry. Prices for crude oil and natural gas are at their lowest levels in decades. The downturn in prices and drilling activity has caused many people to ask questions: Is Ohio’s oil and gas industry still a major contributor to our local economy? How important is this industry to the average Ohioan? The answers are yes, and, in fact, more important now than ever.

Why Americas Power grid needs natural Gas now more than ever

September 28, 2015

As more renewable energy comes online, the reliability and environmental benefits of gas-fired power become more important.

Croats Puts Off Major Oil and Gas Deals Until After Election

September 25, 2015

The Croatian government postponed the signing of all oil and gas production-sharing accords until after this year’s general elections in a move that may delay concession revenue inflow.

Low prices keep eating into O(il and Gas investment

September 25, 2015

Sustained low oil prices are set to drive capital invested in oil and gas extraction significantly below the 10-year average level, according to a new government analysis.

Cook Inlet companies defend Oil and Gas tax credits

September 24, 2015

As Alaska continues to grapple with a major budget shortfall, one line item promises to be particularly controversial: tax credits for oil and gas producers.

Oil & Gas Drilling Allowed On Wetlands Mitigation Banks In Texas

September 24, 2015

Greens Bayou Wetlands Mitigation Bank makes up 1,400 acres of protected marshland and hardwood forest that lies just inside Houston's beltway.

Conference wraps up with talk of Oil and Gas, economic diversity

September 23, 2015

The West Virginia Economic Development Council concluded its three-day fall conference at the Bridgeport Conference Center Tuesday with a series of speakers presenting on the theme of “Economic Diversity = Economic Sustainability.”

KKR Backs New European Oil and Gas Producer Exploiting Proven Reserves

September 23, 2015

KKR & Co., the New York-based private-equity firm, said it would back energy industry veteran Roland Wessel to create a new European producer of onshore oil and gas in places with proven reserves using enhanced oil recovery techniques such as horizontal drilling.

Oil and Gas firm to move Fort Worth headquarters into new 25-story office tower

September 22, 2015

Fort Worth-based Jetta Operating Company Inc., a privately held OIL and gas firm, plans to move its headquarters into a soon-to-be developed 25-story office tower in downtown Fort Worth, which will set a new operating standard for the firm.

Crude at $50 threatens $1.5 trillion in Oil and Gas projects

September 22, 2015

Despite efforts to cut costs, the petroleum industry can’t make money on $1.5 trillion in pending investments on conventional and North American shale drilling projects with $50 oil, Wood Mackenzie estimates.

Greenpeace on Renewables: phase out Coal, Oil, Gas and nuclear energy by 2050

September 21, 2015

There are no major economic or technical barriers to achieving 100 per cent renewable energy around the world by 2050, a Greenpeace report says.

Oil, Gas Producers Margins Sputter To 2%

September 21, 2015

Gas prices are at their lowest levels since the recession, helping to pad the pockets of American consumers. Meanwhile, however, oil and gas producers have seen their profit margins take a dive in the 12 months ended Aug. 31,  according to data from Sageworks, a financial information company.

Delayed Oil and Gas projects force engineer Rotork to issue profit warning - and there could be more pain to come

September 18, 2015

Valves firm Rotork has seen its shares plummet 12 per cent after the firm issued a profit warning due to a number of cancelled and delayed projects, knocking other engineering stocks lower.  

Expect uptick in Oil and Gas deals this year as Oil prices remain low: Deloitte

September 18, 2015

Expect an uptick in oil and gas deals over the remaining months of this year and into next year, a new report from accounting firm Deloitte advises, as the oil price collapse persists.

READER’S CORNER: Oil and Gas sector inflate job statistics

September 17, 2015

Newspaper and broadcast media frequently seem to promote the pre-eminence of the petroleum industry in the Canadian economy.

Moody’s: 2016 to bring more cuts among largest Oil and Gas cos.

September 17, 2015

Still-low oil prices will likely force another round of cuts from the drilling budgets of global integrated oil companies next year, Moody’s Investors Service said in an analysis Wednesday.

Interior secretary: Major backlog of inspections for high-risk Oil, Gas wells on federal land

September 16, 2015

The U.S. Bureau of Land Management lacks sufficient resources to inspect high-risk oil and gas wells on federal land as a drilling boom continues in Wyoming, Colorado and other states, Interior Secretary Sally Jewell said Tuesday.


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