News & Analysis

تیم فوتبال شاهین بوشهر:

شنبه, ۲۰ شهریور ۱۳۸۹

News & Analysis

Oil & Gas Journal - Online Articles in General Interest

Iraq wants 'coordination' with Kurds over oil agreements
The Iraqi oil ministry, while acknowledging the right of semiautonomous Kurdistan to sign agreements with international oil companies, said it is concerned about the lack of coordination regarding them.
Hess appoints senior vice-president
Hess Corp. has appointed Michael Turner as senior vice-president, global production, with responsibility for Europe and Asia.
Hamm interests take Hiland Partners private
Enid oilman Harold Hamm, his affiliates, and family trusts are acquiring the interest they don't already own in Hiland Partners LP and Hiland Holdings GP LP, Enid, Okla., which will become private entities.
MARKET WATCH: Crude pushes above $68/bbl; gas tops $4/MMbtu
After posting a record monthly gain in May, crude continued to soar through the sixth consecutive trading session on the New York market to more than $68/bbl—a 6-month high—while natural gas futures again bobbed above $4/MMbtu.
Shell changes senior management structure
Royal Dutch Shell PLC has made changes to its senior management structure effective July 1.
Triana Energy, Morgan Stanley ink partnership
Morgan Stanley Private Equity, New York, has entered into a strategic partnership with and made the majority investment in private Triana Energy Investments LLC, Charleston, W.Va.
SIPES names new president, officers
The Society of Independent Professional Earth Scientists (SIPES) has named William R. Finley as president for 2009-10.
Hinchman named Callon Petroleum chief operating officer
Steven B. Hinchman has assumed duties as executive vice-president and chief operating officer of Callon Petroleum Co., Natchez, Miss.
Chevron exits Kenyan marketing business
Chevron Africa Holdings Ltd. has sold Chevron Kenya Ltd. to Total Outre Mer.
MARKET WATCH: Crude tops $66/bbl with record monthly gain
Crude prices continued climbing May 29 for the fifth consecutive session, with the front-month contract topping $66/bbl on the New York Mercantile Exchange.
Recapitalized Baraka Petroleum back in business
Baraka Petroleum has undergone a complete rebirth from an entrepreneurial wildcatter in Mauritania, Mali, and Colombia to an Australian explorer seeking success in the little-known Georgina basin.
Pertamina buys stake in BMG project off Victoria
Sydney-based Roc Oil Co. Ltd. sold 10% interest in the Basker-Manta-Gummy (BMG) joint venture project in Bass Strait off eastern Victoria to a subsidiary of Indonesia's state-owned Pertamina for $31.5 million.
GWPC: US state regulations adequately protect water resources
Current US state oil and gas regulations adequately protect water resources, the Ground Water Protection Council said in a new report on May 28.
US House panel studies proposal to alter federal leasing
A legislative draft that would substantially change federal oil and gas leasing has been circulating around the US House Natural Gas Resources Committee.
Dutch court orders Shell to pay for reserves scandal
The Amsterdam Court of Appeals ordered Shell to pay $450 million to a foundation representing institutional investors after it suffered securities fraud related to the company's proven oil and gas reserves.
MARKET WATCH: Crude price tops $65/bbl
Energy prices surged May 28 with crude climbing above $65/bbl to a new 6-month high in New York after OPEC members decided to maintain its 24.85 million bbl production ceiling for the 11 members other than Iraq.
AED buys into Longtom development
AED Oil Ltd. has acquired 50% interest in Nexus Energy Ltd.'s Longtom gas field development project in the Gippsland basin off Victoria for $155 million (Aus.).
Brazil, Venezuela see end to impasse over joint projects
Major disagreements preventing joint projects by Brazil's state-owned Petrobras and Venezeula's PDVSA will be cleared up in 3 months, according to the presidents of the two countries.
MARKET WATCH: Oil prices climb, OPEC takes no action
Energy prices continued to rise May 27 with crude topping $63/bbl ahead of the decision of OPEC ministers not to change production quotas at their May 28 meeting in Vienna.
PetroWorth Resources names Graham chairman
PetroWorth Resources Inc., Calgary, appointed Alan Graham as chairman.