Petroleum

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Lisa Murkowski (R-AK), chairman of the Senate Energy and Natural Resources committee, is urging the Department of Energy’s Energy Information Administration (EIA) to publish data on oil storage capacity as a warning indicator of potential shut-in oil production.

April 1, 2020
Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Lisa Murkowski (R-AK), chairman of the Senate Energy and Natural Resources committee, is urging the Department of Energy’s Energy Information Administration (EIA) to publish data on oil storage capacity as a warning indicator of potential shut-in oil production.

April 1, 2020

Oxy Floats ‘Poison Pill’ in Bid to Dilute Icahn Stake

The Occidental Petroleum Corp. (Oxy) board on Friday adopted a limited duration stockholders rights plan, known commonly as a “poison pill,” in an effort to dilute activist billionaire shareholder Carl Icahn’s growing stake in the Houston-based independent.

March 16, 2020
Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

A subsidiary of Royal Dutch Shell plc has acquired a 50% operating stake in three ultra-deepwater natural gas blocks from Colombian national oil company Ecopetrol SA, the companies said Friday.

February 13, 2020

Global LNG Industry Working to Decarbonize

The ongoing transition to a low carbon energy economy is having an impact on the global natural gas sector as operators work on ways to compete with the rise in renewable energy.

October 28, 2019

Qatar Continues Prepping for Massive LNG Export Expansion

Qatar’s state-owned producer, the largest natural gas exporter in the world, is aiming to remain on the leaderboard as it awards contracts to enhance production capacity by 2024 to 110 million metric tons/year (mmty) from 77 mmty.

April 2, 2019
Norway’s $1T Sovereign Fund to Dump E&P Stocks

Norway’s $1T Sovereign Fund to Dump E&P Stocks

The government of Norway on Friday proposed dropping a who’s who of U.S. independents from its estimated $1 trillion pension fund to reduce the “aggregate oil price risk” to the economy. Integrated producers, many with substantial renewables businesses, would not be impacted.

March 8, 2019
ExxonMobil Discovers Huge Natural Gas Reservoir Offshore Cyprus

ExxonMobil Discovers Huge Natural Gas Reservoir Offshore Cyprus

A discovery that may represent a natural gas resource of 5-8 Tcf has been discovered offshore Cyprus by ExxonMobil Corp., which partners in the block with Qatar Petroleum.

February 28, 2019
India’s Bharat Commits to LNG Exports from Anadarko Mozambique Project

India’s Bharat Commits to LNG Exports from Anadarko Mozambique Project

Mozambique LNG1 Co. Pte. Ltd. on Friday announced it has another natural gas supply agreement for the proposed export project led by Anadarko Petroleum Corp.

February 15, 2019
California (Again) Considering Oil, Gas Severance Tax

California (Again) Considering Oil, Gas Severance Tax

With a history of past rejection, the California legislature may again consider a 10% oil and natural gas severance tax, similar to what exists in many other producing states, according to state Sen. Bob Wieckowski, who authored Senate Bill (SB) 246.

February 14, 2019