Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Oil closes below $50 for first time in a year as glut fears grow
Kuwait considers new refinery in south
State-run Kuwait Petroleum Corp. subsidiary Kuwait National Petroleum Co. is considering construction of a new refinery in the south of the country.
Elixir completes acquisition of Gold Horde to set up Mongolian program
Elixir Petroleum Ltd., Perth, completed its acquisition of Golden Horde Ltd. for 79 million Elixir shares to set in motion an exploration program in southern Mongolia.
Senex’s Gemba-1 success points to new Cooper basin play
Senex Energy Ltd., Brisbane, has completed a test at its Gemba-1 wildcat in 100%-owned Cooper basin permit PEL 516 with a stabilized flow rate of 8 MMcfd and raised the potential of a new play in the Permian-age Dullingari group sediments.
Cairn Energy group begins FEED at SNE field off Senegal
The Cairn Energy-led group offshore Senegal has begun front-end engineering and design (FEED) work for the first phase of the proposed development of the SNE oil field.
Market Watch: US oil, gas futures drop
Oil benchmark prices fell more than $1/bbl on New York and London futures markets Dec. 14, settling lower for the week, which analysts attributed to a stronger US dollar combined with ongoing oil investors’ worries about US stock market volatility.
SemCAMS inks processing deal for Wapiti gas plant
Congressional Republicans ask Trump to act on Keystone XL pipeline
Forty-two congressional Republicans asked President Donald J. Trump “to take any appropriate action necessary to move construction forward” on the Keystone XL crude oil pipeline.
An embattled Zinke resigns as US Interior secretary
US Interior Sec. Ryan K. Zinke resigned on Dec. 15, saying that he could not justify “spending thousands of dollars defending myself and my family against false allegations.” He made his move weeks before Democrats were due to regain majority control of the House and could have launched investigations into some of Zinke’s activities that critics found questionable.
Reliance plans expansion at Jamnagar refinery
Reliance Industries Inc. (RIL), Mumbai, is evaluating a plan to expand one of the two refineries that form part of its nameplate 1.729 million-b/d integrated refining and petrochemical complex at Jamnagar in Gujarat, India.