Oil And Gas Industry News

The latest upstream oil and gas news from around the world.

Romania to Send Oil and Gas Royalty Tax Law to Parliament in September

Romania s government will send a draft law on royalty taxes for the oil and gas sector to parliament in September Deputy Finance Minister Dan Manolescu says

Questerre Inks MOU with MEMR to Appraise Develop Jordan s Oil Shale Blocks

Questerre Energy inks a memorandum of understanding with Jordan s Ministry of Energy and Mineral Reosurces to appraise and develop oil shale in the country

Beach Energy Fails to Find Oil at Sensation 1 Well in Cooper Basin

Beach Energy fail to find oil at Sensation 1 exploration well in PRL 98 in Cooper Basin South Australia

Sources Algeria s Sonatrach Appoints New Chief Executive

Algeria s state energy firm Sonatrach picks a new chief executive to replace an interim head appointed less than a year ago and has also replaced more than 20 other managers in a major shake up two industry sources say

Indonesia Plans to Offer More Oil Gas Blocks for Bidding This Year

Indonesia plans to offer more oil and gas blocks for bidding in a new round planned later this year according to a local daily

Santos Cooper Energy JV Enters FEED for Sole Gas Field Project Off Victoria

Santos and Cooper Energy commence enter front end engineering and design for the Sole gas field project offshore Victoria Australia with the joint venture planning for a final investment decision in third quarter 2016

Metgasco to Proceed with Rosella Drilling in Australia s New South Wales

Australia s New South Wales Government decides not to appeal the Supreme Court s decision to overturn its suspension of Metgasco s drilling approval in the state

Kina Petroleum Updates on Drilling at Raintree 1 Well in PNG s PPL 337

Kina Petroleum updates on drilling Raintree 1 exploration well in PPL 337 in Papua New Guinea

OMV Commences First Oil from MR7A Development Well in NZ s Maari Field

OMV commences production from the MR7A development well in the Maari oil field offshore Taranaki in New Zealand

Oil Down 2 Ahead Of Long US Memorial Day Weekend

Oil falls about 2 as a rallying dollar and profit taking ahead of a long US holiday weekend cut short a two day run up in crude prices

New Government Likely to Spell Positive Era for UK Oil Gas

Ahead of the Queen s Speech April 27 Rigzone takes a look at what the Conservative Party s likely plans are for the UK energy sector after its unexpected win in the General Election

Coast Guard US Oil Platform On Fire In Gulf Of Mexico No Injuries

An oil platform caught fire and was evacuated in the US Gulf of Mexico offshore Louisiana in the early hours of Friday though no injuries were reported the US Coast Guard said

Cenergy Acquires Control Zone Solutions to Offer Safety Solutions Globally

Cenergy acquires Louisiana based Control Zone Solutions and plans to offer safety solutions to clients globally

Liza Discovery Could Put Guyana on Oil Gas Map

ExxonMobil s Liza discovery offshore Guyana could put the country on the map as a player in the global oil and gas industry Wood Mackenzie reports

PetroNeft Confirms Production Flow at S 373 Appraisal Well

PetroNeft reveals that the Sibkrayevskoye No 373 appraisal well at License 61 in Russia is flowing at a production rate of 100 barrels of oil per day

Alberta Oil Faces Tough 2015 May Rebound Next Year

Low oil prices and new leadership combine to create uncertainty in Alberta s oil and gas sector

Third Energy Submits Application to Frack in the UK

Third Energy submits a planning application to North Yorkshire County Council in northern England to begin fracking operations at Well KM8 in Kirby Misperton

Total Hosts Climate Talks with Big Oil Companies

France s Total is hosting a meeting of the world s biggest oil firms over the sector s action plan ahead of the UN climate talks in Paris at the end of the year

Malaysia s Petronas Posts 39 Drop in 1Q Profit on Global Oil Slump

Malaysia s Petronas reports a 39 percent drop in quarterly net profit due to lower oil prices

Norwegian Oil Drillers Call in Mediator after Wage Talks Fail

Wage talks involving thousands of Norwegian offshore oil workers break down raising the risk of a strike that could disrupt oil exploration and efforts to raise production

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