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General Interest

Higher North American crude oil production, shrinking product markets, and a pair of federal regulations have significantly affected the US refining outlook, the US Government Accountability Office said in an Apr. 14 report.

Author: Nick Snow
Posted: April 16, 2014, 9:10 pm
Posted: April 16, 2014, 8:50 pm
Posted: April 16, 2014, 8:43 pm

Range Resources Corp. plans to further increase its production in the Marcellus shale in 2014 and has set a higher capital spending budget that will enable it to drill even longer laterals and utilize more completion stages at its Marcellus wells this year.

Posted: April 16, 2014, 8:42 pm
Posted: April 16, 2014, 8:16 pm

Operational efficiency is improving across the Bakken-Three Forks tight oil play. US Energy Information Administration

Posted: April 16, 2014, 7:43 pm

The Bakken-Three Forks tight oil formation is already one of the top producing oil plays in the US, but leading operator Continental Resources Inc. believes there may be even more oil in place than previously thought in deeper benches of the Three Forks formation.

Posted: April 16, 2014, 7:41 pm

Wyoming has adopted a rule that calls for operators to perform baseline testing of area groundwater before and after drilling.

Posted: April 16, 2014, 7:36 pm

BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.

Posted: April 16, 2014, 7:34 pm

Pioneer Natural Resources Co. (PNR), Dallas, has completed the sale of its subsidiary Natural Resources Alaska Inc. to Caelus Energy Alaska LLC, Dallas, for $300 million. PNR initially reported a sale price of $550 million.

Author: OGJ editors
Posted: April 16, 2014, 5:27 pm

Prices for light, sweet crude oil fell modestly on the New York market Apr. 15 while gasoline futures reached their highest level since Aug. 29, 2013, pending the release of a weekly US government report on oil and product inventories.

Author: Paula Dittrick
Posted: April 16, 2014, 3:30 pm

Little information exists about the costs and benefits of analyses required under the National Environmental Policy Act, the Government Accountability Office said. Federal agencies do not routinely track the costs, and there is no government-wide mechanism to do so, GAO investigators said they learned from officials at the US Environmental Protection Agency, White House Council on Environmental Quality, and other agencies.

Author: Nick Snow
Posted: April 15, 2014, 9:54 pm

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers.

Author: OGJ editors
Posted: April 15, 2014, 9:37 pm

The US Department of Energy approved a ConocoPhillips Co. subsidiary’s request to resume exports of LNG to countries not having a free-trade agreement with the US from the company’s Kenai facility in Alaska in an Apr. 14 order. ConocoPhillips’s authorization for such LNG exports from the site expired on Mar. 31, it noted.

Author: Nick Snow
Posted: April 15, 2014, 7:34 pm

The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories.

Author: OGJ editors
Posted: April 15, 2014, 6:12 pm

Noble Energy Inc. reported that Charles D. Davidson, chairman and chief executive officer, plans to retire and leave the company’s board on May 1.

Author: OGJ editors
Posted: April 15, 2014, 3:52 pm

Ongoing political instability in Ukraine and Libya continued to drive up crude oil futures prices on New York and London markets Apr. 14 to their highest levels in more than a month.

Author: Paula Dittrick
Posted: April 15, 2014, 3:44 pm

OAO Lukoil reported plans to sell its 50% stake in Caspian Investment Resources Ltd. (CIRL) to Sinopec for about $1.2 billion. Closing is expected before yearend.

Author: OGJ editors
Posted: April 15, 2014, 2:39 pm

BP America Production Co. said it intends to divest assets in the Hugoton and Panhandle West fields in Sherman and Moore counties in the Texas Panhandle. The company will retain deep rights below the base of the Brown Dolomite, it said.

Author: OGJ editors
Posted: April 14, 2014, 4:49 pm

The crude oil futures contract trended higher at the close of the week ended Apr. 11.

Author: OGJ editors
Posted: April 14, 2014, 4:46 pm

Continued growth in US natural gas production and substantially lower gas prices compared with crude oil prices lead to strong potential for fueling freight locomotives with LNG, according to the US Energy Information Administration’s Annual Energy Outlook 2014 (AEO2014).

Author: OGJ editors
Posted: April 14, 2014, 4:38 pm

US Senate Energy and Natural Resources Committee leaders asked the Energy Information Administration to conduct a more extensive analysis of possible consequences from lifting or easing the ban on exporting domestically produced crude oil.

Author: Nick Snow
Posted: April 14, 2014, 3:02 pm

A US Coast Guard (USCG) investigation has found that a "chain of errors" led to the Royal Dutch Shell PLC conical drilling unit, the Kulluk, running aground on Sitkalidak Island, Alas., in December 2012.

Posted: April 14, 2014, 5:00 am
Author: Nick Snow
Posted: April 14, 2014, 5:00 am

Anadarko Petroleum Corp. and subsidiaries it acquired when it bought Kerr-McGee Corp. in 2006 agreed to pay $5.15 billion to settle fraudulent conveyance allegations brought by the US government and co-plaintiff Anadarko Litigation Trust in the bankruptcy of Tronox Inc.

Author: Nick Snow
Posted: April 14, 2014, 5:00 am

Global crude oil supplies fell month-on-month in March by a steep 1.2 million b/d to 91.75 million b/d, with a decline in output from members of the Organization of the Petroleum Exporting Countries accounting for near 75% of the loss, according to the International Energy Agency’s most recent Oil Market Report.

Author: OGJ editors
Posted: April 11, 2014, 5:27 pm

The New York Mercantile Exchange May crude oil contract price was down 20¢ on Apr. 10, closing at $103.40/bbl. The June contract fell 27¢ to $102.38/bbl.

Author: OGJ editors
Posted: April 11, 2014, 5:23 pm

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

Author: OGJ editors
Posted: April 11, 2014, 4:07 pm

Three environmental organizations notified the US Fish and Wildlife Service that they plan to sue over the US Department of the Interior agency’s recent designation of the lesser prairie chicken as a threatened—but not endangered—species.

Author: Nick Snow
Posted: April 11, 2014, 2:51 pm

Ten other US Senate Democrats joined Heidi Heitkamp (ND) in urging US President Barack Obama to approve the proposed Keystone XL crude oil pipeline by May 31.

Author: Nick Snow
Posted: April 10, 2014, 8:59 pm

US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a report released Apr. 10 by the US Energy Information Administration.

Author: OGJ editors
Posted: April 10, 2014, 5:01 pm

Crude oil futures prices reached a 5-week high on the New York market Apr. 9 amid continued uncertainty about apparent delays in an anticipated resumption of Libyan oil exports and continued political uncertainty regarding Ukraine, analysts said.

Author: Paula Dittrick
Posted: April 10, 2014, 3:15 pm

The Federal Railroad Administration (FRA) plans to propose requiring trains transporting crude oil to have at least two crew members, the US Department of Transportation agency announced. It said it also intends to propose a train securement rule and recommend a rulemaking on hazardous materials movement.

Author: Nick Snow
Posted: April 10, 2014, 3:03 pm

China National Petroleum Corp. (CNPC) and Royal Dutch Shell PLC have reached an agreement to deepen their strategic partnership by increasing cooperation in the development of both companies’ global projects.

Author: OGJ editors
Posted: April 10, 2014, 2:13 pm

The US’s lack of approved export terminals has prevented energy companies from competing in the growing global LNG market, despite the fact that the country is now the world’s largest natural gas producer, said an analyst with research and consulting firm GlobalData.

Author: OGJ editors
Posted: April 9, 2014, 5:04 pm

A US House Energy and Commerce Committee subcommittee voted to forward a bill aimed at facilitating approvals of US LNG exports to the full committee. The Energy and Power Subcommittee’s action by 15 to 11 votes was along party lines, with Republicans favoring the move and Democrats opposing it.

Author: Nick Snow
Posted: April 9, 2014, 4:14 pm

The benchmark US crude oil futures price jumped more than $2/bbl on Apr. 8 after the US Energy Information Administration released a report saying government analysts reduced their earlier oil production forecast for this year and next.

Author: Paula Dittrick
Posted: April 9, 2014, 3:07 pm

Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company’s 2013 Oil Sands Report.

Author: OGJ editors
Posted: April 8, 2014, 9:30 pm

Russia, which ranked as high as No. 9 in 2005, fell to last place in the most recent quarterly update of the global Oil Security Index (OSI), released by Securing America’s Future Energy (SAFE), the nonpartisan organization dedicated to the reduction of US dependence on foreign oil.

Author: Nick Snow
Posted: April 8, 2014, 8:03 pm

OMV AG reported it will drill as many as 24 wells this year along with 20 wells in 2015 and 2016, respectively, in the Weinviertel region of lower Austria. Fourteen of those projects involve exploration wells with additional production potential, the company said.

Author: OGJ editors
Posted: April 8, 2014, 4:58 pm

States are better qualified than federal and local governments to regulate hydraulic fracturing and other unconventional oil and gas activities, two speakers agreed at an energy and environment conference at George Mason University’s School of Law. But a third speaker argued that some states’ performances as the primary US oil and gas regulator are unsatisfactory and needs to be reevaluated.

Author: Nick Snow
Posted: April 8, 2014, 4:50 pm

Laclede Group Inc., St. Louis, has entered into an agreement with Energen Corp. to acquire subsidiary Alabama Gas Corp. (Alagasco) for $1.6 billion, with an effective purchase price of $1.34 billion.

Author: OGJ editors
Posted: April 8, 2014, 4:31 pm

Crude oil futures prices fell on New York and London markets Apr. 7 on expectations that two eastern Libyan ports that export oil would be reopened soon, increasing world oil supplies.

Author: Paula Dittrick
Posted: April 8, 2014, 2:36 pm

The global refining and marketing industry will continue to see pockets of earnings growth over the next year, but flat conditions overall, with product demand expected to increase modestly this year by 1.2 million b/d, according to a recent report from Moody’s. That demand increase will be roughly in line with net global capacity additions, Moody’s said.

Author: OGJ editors
Posted: April 7, 2014, 9:17 pm

Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES).

Posted: April 7, 2014, 8:52 pm

The White House announced additional steps to reduce methane emissions from oil and natural gas operations as part of a broader strategy.

Author: Nick Snow
Posted: April 7, 2014, 8:50 pm

Instructive timing is at work in the publication this month and last of two major reports in the Fifth Assessment by the Intergovernmental Panel on Climate Change.

Posted: April 7, 2014, 8:45 pm

Thank you for your editorial apprising your readers of the Environmental Protection Agency's continued assault on America.

Posted: April 7, 2014, 8:41 pm

The New York Mercantile Exchange May crude oil contract rose 85¢ on Apr. 4, closing at $101.14/bbl. The June contract gained 83¢ to $100.46/bbl.

Author: OGJ editors
Posted: April 7, 2014, 4:52 pm

Anadarko Petroleum Corp. and subsidiaries it acquired when it bought Kerr-McGee Corp. in 2006 agreed to pay $5.15 billion to settle fraudulent conveyance allegations brought by the US government and co-plaintiff Anadarko Litigation Trust in the bankruptcy of Tronox Inc.

Author: Nick Snow
Posted: April 7, 2014, 4:12 pm

Liquefied Natural Gas Ltd. has named John G. Baguley as chief operating officer and Rick R. Cape as chief commercial officer for the company’s wholly owned, Houston-based subsidiary Magnolia LNG LLC (MLNG). Both executives will report directly to Maurice Brand, MLNG president.

Author: OGJ editors
Posted: April 7, 2014, 3:49 pm

Talisman Energy Inc., Calgary, has placed its Timor Sea production interests up for sale in a move to exit the Kitan and Laminaria-Corallina oil fields as soon as a buyer is found.

Author: Rick Wilkinson
Posted: April 7, 2014, 3:40 pm
Posted: April 7, 2014, 5:00 am

A US Coast Guard (USCG) investigation has found that a “chain of errors” led to the Royal Dutch Shell PLC conical drilling unit, the Kulluk, running aground on Sitkalidak Island, Alas., in December 2012.

Author: Michael T. Slocum
Posted: April 4, 2014, 6:13 pm

Tight oil formations have helped the US increase its crude production dramatically, an independent refiner conceded. But the nation should proceed cautiously as it considers authorizing more crude exports, he told a US House Foreign Affairs Committee subcommittee.

Author: Nick Snow
Posted: April 4, 2014, 3:37 pm

Escalera International Co. LLC, a subsidiary of Escalera Resources Co. (formerly Double Eagle Petroleum Co.), has signed a memorandum of understanding with AOR Albanian Oil Rafinery SHA (AOR) to form a joint venture to identify and acquire oil and gas drilling opportunities along with related facilities and infrastructure in Albania.

Author: OGJ editors
Posted: April 3, 2014, 9:24 pm

Spot prices for ethanol have increased steadily since early February, driven by logistical problems and harsh weather conditions, according to the US Energy Information Administration.

Author: OGJ editors
Posted: April 3, 2014, 5:06 pm

American Midstream Partners LP (AMP) has filed a request with the US Federal Energy Regulatory Commission to abandon use of its 1920s vintage Midla “Mainline” pipeline.

Author: OGJ editors
Posted: April 3, 2014, 4:59 pm

US Sen. Tim Scott (R-SC) introduced a bill that would reverse the Obama administration’s exclusion of four South Atlantic coastal states from active offshore oil and gas resource development planning. It is the third part of Scott’s broader legislative Opportunity Agenda to create jobs and increase educational opportunities, he said on Apr. 2.

Author: Nick Snow
Posted: April 3, 2014, 4:52 pm

Crude oil futures prices slipped during Apr. 2 trading on both the New York and the London markets, which analysts attributed primarily to reports that the Libyan government and rebels had reached an agreement to reopen some oil terminals within days.

Author: Paula Dittrick
Posted: April 3, 2014, 3:26 pm

A federal grand jury has indicted Pacific Gas & Electric Co. on twelve counts of violating the federal Natural Gas Pipeline Safety Act of 1968 in relation to the Sept. 9, 2010, explosion of a portion of its 30-in. OD Line 132 in San Bruno, Calif.

Author: Christopher E. Smith
Posted: April 2, 2014, 7:16 pm

The current boom in shale resource development has sparked an urgent need in the petrochemical industry for technically skilled workers to build, operate, and maintain about $100 billion of announced chemical projects, according to Peter L. Cella, president and chief executive officer of Chevron Phillips Chemical Co. LP.

Author: Robert Brelsford
Posted: April 2, 2014, 7:09 pm

The US Bureau of Land Management initiated an environmental impact statement on 65 existing oil and gas leases in Colorado’s White River National Forest. The move came after the US Department of the Interior’s Board of Land Appeals identified National Environmental Policy Act deficiencies in the leases.

Author: Nick Snow
Posted: April 2, 2014, 5:03 pm

Total US net imports of energy, measured in terms of energy content, declined 19% from 2012 to 2013, hitting the lowest level in more than 20 years, according to the US Energy Information Administration.

Author: OGJ editors
Posted: April 2, 2014, 4:45 pm

Devon Energy Corp., Oklahoma City, has completed the sale of its Canadian conventional assets to Canadian Natural Resources Ltd. for $3.125 billion (Can.).

Author: OGJ editors
Posted: April 2, 2014, 4:17 pm

Crude oil futures dropped by more than $1/bbl on the New York market and dipped by more than $2/bbl on the London market on Apr. 1 following the release of a report that Chinese manufacturing was slowing, which triggered concerns about world oil demand, analysts said.

Author: Paula Dittrick
Posted: April 2, 2014, 4:00 pm

Three Republican members of the US Senate Energy and Natural Resources Committee introduced legislation that would approve the Keystone XL crude oil pipeline and expedite applications to export US LNG as an amendment to the Unemployment Insurance Extension Bill.

Author: Nick Snow
Posted: April 2, 2014, 2:33 pm

Ultra Petroleum Corp., Houston, has appointed Brad Johnson to succeed William Picquet, who will retire from the company at the end of the month, as senior vice-president, operations.

Author: OGJ editors
Posted: April 1, 2014, 9:12 pm

Columbia Pipeline Group (CPG), a unit of NiSource Inc., has named Glen L. Kettering as its executive vice-president and group chief executive officer.

Author: OGJ editors
Posted: April 1, 2014, 5:52 pm

The Australian government has written to East Timor to warn that the East Timorese are not entitled to tax the natural gas pipeline from the Bayu-Undan gas-condensate fields in the Timor Sea to the Darwin LNG plant operated by ConocoPhillips.

Author: Rick Wilkinson
Posted: April 1, 2014, 5:16 pm

New Gulf Resources LLC, Tulsa, has appointed Ralph A. Hill as chief executive officer and chairman of its board. He previously served as chief executive officer and president of WPX Energy Inc.

Author: OGJ editors
Posted: April 1, 2014, 4:02 pm

Crude oil futures on the New York and London markets were down slightly Mar. 31 after weekend talks between US Sec. of State John Kerry and Russian Foreign Minister Sergei Lavrov seemingly yielded little progress toward resolving the Ukraine conflict.

Author: Paula Dittrick
Posted: April 1, 2014, 3:56 pm

Houston independent Apache Corp. has agreed to sell its producing oil and gas assets in the Deep basin area of western Alberta and British Columbia for $374 million. The transaction is expected to close on or about Apr. 30.

Author: OGJ editors
Posted: March 31, 2014, 5:39 pm

The New York Mercantile Exchange May crude oil contract was up 39¢ on Mar. 28, closing at $101.67/bbl. The June contract increased 36¢ to settle at $100.89/bbl.

Author: OGJ editors
Posted: March 31, 2014, 5:04 pm

Workshops will be held Apr. 22 in Los Angeles and Apr. 24 in Houston to discuss the federal government’s new voluntary near-miss reporting system for oil and gas producers, the US Bureau of Safety and Environmental Enforcement announced in a Mar. 31 Federal Register notice.

Author: Nick Snow
Posted: March 31, 2014, 4:28 pm

A recent study details significant US jobs gains, reduced consumer fuel costs, and robust economic growth associated with future crude oil exports, according to Kyle Isakower, vice-president for regulatory and economic policy for the American Petroleum Institute. The new study, by ICF International and EnSys Energy, was released Mar. 31 during an API conference call.

Author: OGJ editors
Posted: March 31, 2014, 4:22 pm

Cooper Energy Ltd., Adelaide, has acquired a 65% interest and operatorship of the the Basker-Manta-Gummy (BMG) oil and gas fields in Bass Strait.

Author: Rick Wilkinson
Posted: March 31, 2014, 4:13 pm

An affiliate of TPG Capital has agreed to acquire certain natural gas properties in Jonah field in Sublette County, Wyo., from Encana Oil & Gas Inc., a wholly owned subsidiary of Encana Corp., for $1.8 billion.

Author: OGJ editors
Posted: March 31, 2014, 4:07 pm

Empire Oil & Gas NL, Claremont, Western Australia, has selected Ken Aitken as its chief executive officer. He will assume the position in May.

Author: OGJ editors
Posted: March 31, 2014, 4:04 pm

It's said that March comes in like a lion and goes out like a lamb. While that may be the case most years—and most definitely was the case this year, if one considers the weather in Houston alone—this particular March marked a few milestones for the oil and gas industry worth noting here.

Author: Steven Poruban
Posted: March 31, 2014, 5:00 am

The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included regulations to be proposed later this year by the US Bureau of Land Management to curb natural gas flaring on public lands.

Author: Nick Snow
Posted: March 29, 2014, 2:42 pm

The US Fish and Wildlife Service listed the lesser prairie chicken as a threatened species. While the Mar. 27 final rule fell short of the endangered status many environmental organizations sought, it also disappointed Midcontinent oil and gas producers and others involved in a five-state environmental impact mitigation effort to make any federal listing unnecessary.

Author: Nick Snow
Posted: March 28, 2014, 9:13 pm

TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PLC of Dublin and Hutton Energy PLC of London in which TransAtlantic Worldwide would receive 50% interest in nine Polish concessions encompassing 1.9 million gross acres.

Author: OGJ editors
Posted: March 28, 2014, 3:55 pm

Crude oil futures prices on the New York Mercantile Exchange sustained levels above $100/bbl during trading on Mar. 27 after breaching that threshold earlier in the week. 

Author: OGJ editors
Posted: March 28, 2014, 3:52 pm

Petsec Energy Ltd., Sydney, has made its maiden entry into the Middle East, signing an agreement with fellow Sydney firm AWE Ltd. to acquire a 21.25% participating interest in Block 7 of the Al Barqua permit in Yemen.

Author: Rick Wilkinson
Posted: March 28, 2014, 2:52 pm

Two approaches to climate change contrast instructively in the US. One of them reflects the cost-blind absolutism fast dismantling support for programs aimed at lowering emissions of greenhouse gases.

Posted: March 28, 2014, 5:00 am

The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will have broad economic benefits by flowing money back into the US economy and creating American jobs,” NGSA Pres. Skip Horvath said.

Author: Nick Snow
Posted: March 27, 2014, 7:32 pm

Western sanctions imposed against Russian government officials and business executives regarding Russia’s conflict with Ukraine could slow the availability of capital for Russian oil and gas companies trying to launch major new projects, IHS said.

Author: Paula Dittrick
Posted: March 27, 2014, 5:21 pm

Top US government energy officials and their counterparts from other G7 nations will meet early next week to discuss reducing Europe’s heavy reliance on Russian natural gas, US President Barack Obama and two major European Union officials announced on Mar. 26.

Author: Nick Snow
Posted: March 27, 2014, 4:59 pm

According to the US Energy Information Administration, crude oil inventories at Cushing, Okla., the primary crude oil storage location in the US, decreased 13 million bbl (-32%) over the last 2 months.

Author: OGJ editors
Posted: March 27, 2014, 3:45 pm

Crude oil futures on the New York market climbed above $100/bbl for the first time in a week on Mar. 26. The momentum continued in early Mar. 27 trading as two US government agencies issued positive economic indicators that could mean higher oil demand, analysts said.

Author: Paula Dittrick
Posted: March 27, 2014, 3:19 pm

The US Environmental Protection Agency took formal charge of investigation and cleanup efforts after an undetermined amount of crude oil spilled into Lake Michigan from BP PLC’s Whiting, Ind., refinery.

Author: Nick Snow
Posted: March 26, 2014, 8:36 pm

In September 2013, China’s net imports of petroleum and other liquids exceeded those of the US on a monthly basis, making it the world’s largest net importer of crude oil and other liquids, according to the US Energy Information Administration.

Author: OGJ editors
Posted: March 26, 2014, 5:16 pm

US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information Administration.

Author: OGJ editors
Posted: March 26, 2014, 4:33 pm

Crude oil prices fluctuated but ended the New York trading session down modestly Mar. 25 after the US Coast Guard reopened the Houston Ship Channel to limited traffic during daylight hours while cleanup efforts continue on an oil spill off Texas City, Tex.

Author: Paula Dittrick
Posted: March 26, 2014, 3:37 pm

InterOil and Total SA have finalized a revised sales and purchase agreement for the Elk-Antelope gas-condensate field in petroleum retention licence 15 (PRL15) in the eastern highlands of Papua New Guinea.

Author: Rick Wilkinson
Posted: March 26, 2014, 3:13 pm

Direct geopolitical impacts from the US authorizing LNG exports more quickly would be limited, witnesses told a US Senate committee. But global market consequences could be substantial because it would send a definite signal that the country is committed to becoming a major player, which potentially could accelerate changes indirectly, they added.

Author: Nick Snow
Posted: March 26, 2014, 2:52 pm

A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of the ways the North American tight-oil boom could go bust, according to a recent analysis from Wood Mackenzie.

Author: OGJ editors
Posted: March 25, 2014, 5:25 pm

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Author: OGJ editors
Posted: March 25, 2014, 4:49 pm

Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As part of the transition, the company is changing its name to Escalera Resources Co., also effective Apr. 1.

Author: OGJ editors
Posted: March 25, 2014, 4:24 pm
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