More Petroleum News

Petroleum News including Oil Exploration, Production, Offshore Oil Drilling, Refining, Pipeline News & Resources and Oil & Gas Industry News

More Oil & Gas News

Alaska moves one step closer to building gasline

Apr 21, 2014

Alaska is poised to become an owner in the Alaska LNG Project.

API: Keystone XL oil pipeline delay shows lack of leadership on energy

Apr 21, 2014

API’s Jack Gerard says the White House move to further the delay a decision on the Keystone XL pipeline is not in our national interest.

Shale participation on the rise

Apr 21, 2014 More than half of oilfield services companies and 40% of upstream companies expect shale oil and gas plays to provide the majority of their revenues in 2014, according to a global industry survey b...

DOS gives federal agencies more time for Keystone XL comments

Apr 19, 2014 Eight federal agencies preparing comments on the proposed Keystone XL crude oil pipeline project’s cross-border permit received additional time, the US Department of State announced. It did not set...

Athabasca sells stake in oil sands project to partner PetroChina

Apr 18, 2014 Athasbasca Oil Corp has exercised an option to sell its 40% stake in the planned Dover oil sands project to its partner PetroChina Co. for C$1.32 billion ($1.20 billion) after the project received ...

Shell reports Malaysia deepwater gas discovery

Apr 18, 2014 Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

FTS International completes long-term refinancing

Apr 18, 2014

FTS International Inc. has completed the refinancing of its $1.06 billion term loan, lowering interest rates and extending the earliest maturity of its funded long-term debt to 2021.

Corlena Oil II to sell horizontal Texas Panhandle properties

Apr 18, 2014 Corlena Oil Company II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Cleveland, Granite Wash, and Douglas play in Hemphill and Ochiltree counties, Texas.

Armada closes acquisition of Kansas assets

Apr 18, 2014 Armada Oil Inc. reports that, as a part of its asset reallocation strategy, the company recently completed the acquisition of 100% working interest in six producing oil and gas leases covering appr...

Saipem awarded FPSO contracts in Angola

Apr 18, 2014

Total has awarded Saipem two contracts in Angola for a combined total of more than $4 billion.