Archive for the 'News' Category

API: More time needed on EPA’s upstream GHG, refining proposals

Monday, September 26th, 2011

The oil and gas industry will need more time to respond to the US Environmental Protection Agency’s proposed upstream greenhouse gas (GHG) emission requirements and its proposed refinery emissions rule, American Petroleum Institute officials said.

IOCs resume crude oil, natural gas production in Libya

Monday, September 26th, 2011

Total SA and Eni SPA said they have resumed production of crude oil in Libya, while state-owned Sirte Oil said it has restarted output from its eastern gas fields.

EIA forecasts higher global oil prices, growing volatility

Monday, September 26th, 2011

The US Energy Information Administration still sees higher global crude oil demand and prices over the long run as national economies recover,

Agoco to restart two refineries by late September

Monday, September 26th, 2011

Libya’s state-owned Arabian Gulf Oil Co (Agoco) said it will resume operations at its two refineries by late September, coinciding with the start-up of production at the Sariri and Mesla oil fields.

EPP nears completion of Neptune gas processing projects

Monday, September 26th, 2011

Enterprise Products Partners LP is nearing completion on a series of infrastructure projects designed to enhance operations at its Neptune cryogenic natural gas processing facility in St. Mary Parish, La.

Poland Baltic shale gas evaluation advancing

Monday, September 26th, 2011

3Legs Resources PLC completed tests at two shale gas wells, one of which encountered a new shale interval, in Poland’s Baltic basin while Talisman Energy Poland has spudded its first well.

Gas pipeline to be extended to Thetford Mines, Que.

Monday, September 26th, 2011

Gaz Metro, Montreal, hailed a decision to Quebec regulators to permit the company to extend its natural gas pipeline 80 km from Vallee-Jonction to Black Lake near Thetford Mines, Que., in the St. Lawrence Lowlands.

Statoil submits PDO for fast-track Skuld development offshore Norway

Monday, September 26th, 2011

Statoil and its partners submitted to Norwegian authorities a 10 billion kroner plan for development and operation (PDO) of Skuld on Blocks 6608/10 and 6608/11 in the Halten Bank of the Norwegian Sea.

MARKET WATCH: Market fears continue to tumble energy prices

Monday, September 26th, 2011

Energy prices continued falling although at a slower rate Sept. 23 with markets still cautious amid signs of a worsening economic crisis.

MWCC adds tanker to its oil spill containment system

Monday, September 26th, 2011

Marine Well Containment Co. (MWCC) has taken delivery of a Aframax tanker, the Eagle Texas, to add to its expanded oil spill containment system that will be operational in 2012.