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Hybrid Model Awaits Oil, Gas Exploration

September 08, 2015

In a bid to increase investors interest for oil and gas exploration in the country, the government is preparing a hybrid model for auctioning of larger oil and gas blocks under the fresh round of New Exploration and Licencing Policy (NELP) next year.

New Oil & Gas policy shifts risks to developers: Report

September 08, 2015

The government’s decision to auction 69 oil and gas fields with market-linked prices and a revenue sharing mechanism under its proposed marginal fields policy (MFP) is a positive for the sector as it shifts the key risks to developers, says a report.

Nigerian Oil & Gas: three steps to improvement

September 08, 2015

Nigeria’s new government must use its mandate to implement much-needed reforms in the oil and gas sector, which continues to be the driving force behind the economy. The country has achieved what initially looked to be an unlikely result – democratic elections and a peaceful transition of power. This is an important step towards the country’s full transformation into a developed economy and should be used as a platform for real change.

US shale Oil industry hit by $30bn outflows

September 07, 2015

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S’wak sets up unit to protect Oil and Gas interest

September 07, 2015

Sarawak has set up a special unit in the state administration to focus on protecting the state’s interests in the multi-billion-ringgit oil and gas sectors.

Government grant slammed as subsidy for Oil and Gas explorers

September 07, 2015

A multi-million dollar funding grant to help find more oil and gas in New Zealand is nothing more than a subsidy for overseas speculators, according to a Taranaki environmental group.

Californians Still Paying More For Gasoline, Consumer Advocates Say

September 04, 2015

The gap between what Californians pay for gasoline and what Americans pay continues to widen to “historic proportions,” a consumer advocate said on Thursday.

Courts, Congress, Regulators Take On Oil And Gas Issues

September 04, 2015

n less than seven days last week, a federal judge ruled that the Lesser Prairie Chicken is no longer endangered, Congress made moves to remove the ban on oil exports, Texas regulators found that a disposal well in North Texas did not cause an earthquake, and another federal judge blocked a massive water rule. 

Oil and Gas fields auction: CITU accuses govt of doling out national assets

September 04, 2015

Centre of Indian Trade Unions (CITU) on Friday accused the government of "doling out" national assets to private business and strongly protested against its decision to auction 69 discovered oil and gas fields.

Well maintained: The public needs assurance from Oil and Gas sites

September 04, 2015

Beginning this year, oil and gas companies in Pennsylvania must provide evidence that their active wells are structurally sound with no leaks or decay. But 450 well owners failed to provide the required reports, which were due to the Department of Environmental Protection in February.

Oil and Gas: Refining margins soar

September 04, 2015

The operating environment for refining companies continued to remain strong in the June quarter. Benchmark Singapore gross refining margins (GRMs) averaged $8/barrel (bbl) in the last quarter, compared with $8.5/bbl in the March quarter.

More headwinds for Oil and Gas sector

September 03, 2015

Despite the recent decline in share prices in the oil and gas (O&G) sector, it has not bottomed out yet and more earnings disappointments are expected, says Kenanga Research in a report.

In win for Oil and Gas, lesser prairie chicken stripped of federal protection

September 03, 2015

A federal court in Texas has stripped the lesser prairie chicken of Endangered Species Act protections, a victory for oil and gas companies that argued conservation efforts are working.

Financial Sector To Cut Credit Supply Lines For Oil And Gas Industry

September 03, 2015

More U.S. oil and gas companies could come under financial distress in the coming months as crucial hedging protection begins to expire.

Revenue share approved for Oil & Gas fields

September 03, 2015

The Union government will auction marginal oil & gas fields where discoveries could not be monetised by state-owned explorers ONGC and Oil India because of difficult geology and small size of blocks. With this, the government has introduced a revenue-sharing mechanism in oil & gas production.

Coals Worst Days Behind It as Archaic Grid Crimps Gas Growth

September 02, 2015

While 2015 has been a disastrous year for U.S. coal, the worst days may be just about over.Coal’s share of electricity generation fell to 30 percent in April, when the fuel for the first time ceded its crown as the primary source for power generation to natural gas. That’s about as much as its market share can shrink unless the power grid’s updated and more gas pipelines get built, JPMorgan Chase & Co. said.

Texas regulator says Oil and gas companies not causing earthquakes

September 02, 2015

The regulatory agency overseeing Texas' oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn't caused by drilling operations by an Exxon Mobil subsidiary.

Oil exports could lower Gas prices, federal study says

September 02, 2015

The Obama administration confirmed Tuesday that ending the nation’s 40-year-old ban on crude oil exports will not drive up domestic gasoline prices and could even save consumers money at the pump.

Oil and gas pipeline partnerships still look like bargains

September 02, 2015

Back in April, I listed six pipeline limited partnerships that looked like bargains for investors seeking growth and income, saying the group was being unfairly hammered by the fall in oil prices.

WellAware Raises Additional $16 Million For Its Oil And Gas Monitoring Services

September 02, 2015

WellAware, the well-connected San Antonio-based provider of monitoring and management services for oil wells, pipelines, and refining and chemical facilities has raised an additional $16 million in its latest round of financing.


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