The US Department of the Interior’s Office of Natural Resources Revenue (ONRR) has fined Chesapeake Energy Corp. more than $2.1 million for failing to comply with a 2011 order that found repeated, systematic orders in the Oklahoma City-based independent’s monthly reporting of the amount of natural gas it produced and sold from leases on American […]
Sequa Petroleum takes 15% interest in Gina Krog field
Tellus Petroleum AS, a subsidiary of Sequa Petroleum NV, has agreed to acquire 15% interest in Gina Krog oil and gas field on the Norwegian Continental Shelf from Total E&P Norge AS for 1.4 billion kroner. Source: News
COS urges shareholders to reject Suncor offer
Canadian Oil Sands Ltd. (COS) is recommending that shareholders reject the offer made earlier this month by Suncor Energy Inc. to acquire all outstanding COS shares. Source: News
Papua New Guinea, Sojitz sign methanol agreement
Papua New Guinea’s state oil company NPCP Holdings has signed a shareholder’s agreement with Japanese company Sojitz Corp. to develop a methanol manufacturing industry in Papua New Guinea. Source: News
Watching Government: Why Nome's mayor is worrying
Royal Dutch Shell PLC’s Sept. 28 decision to halt exploration of its Chukchi Sea lease for the foreseeable future did more than cause environmental activists to celebrate. It made Nome Mayor Denise L. Michaels start to worry more than ever. Source: News
Federal judge issues injunction of BLM's fracturing rule
A federal court judge in Wyoming issued a preliminary injunction that will keep the US Bureau of Land Management from enforcing its hydraulic fracturing rule until legal challenges against it are resolved. Source: News
US appeals court delays Waters of the US rule's implementation
A federal appeals court delayed implementation of the controversial Waters of the United States (WOTUS) rule until it could fully consider its jurisdiction in states’ legal challenges to the regulation. Source: News
A market test
In a political season peppered with tests of ideological orthodoxy, positions on the proposed end of a US ban on crude oil exports should be instructive. Source: News
Indian Oil commissions unit at Paradip refinery
Indian Oil Corp. Ltd. (IOC) has commissioned another unit at its long-delayed 15 million-tonne/year, full-conversion refinery at Paradip, on India’s northeastern coast. Source: News
The subsurface remains
As the 85th Annual Meeting of the Society of Exploration Geophysicists gets under way this week in New Orleans, it is likely several keynote speakers at the event will address spending cuts related to the oil price’s downward spiral over the last year. Source: News