Oil and Gas Journal's News & Analysis
Fri, 23 Mar 2018 18:24:00 GMT
India’s Directorate General of Hydrocarbons has extended into May 2 the bidding under its open acreage licensing program, which opened Jan. 18. The Ministry of Petroleum and Natural Gas unit gave no reason for the extension.
Fri, 23 Mar 2018 18:18:00 GMT
The governors of Ohio, Pennsylvania, and West Virginia agreed to extend a 2015 agreement to cooperate on developing shale oil and gas resources in their states through Dec. 31, 2021. Their Mar. 21 action continues an effort to show the Appalachian basin’s shared goal to assure the gas will attract manufacturers to the region instead of simply being exported.
Fri, 23 Mar 2018 18:02:00 GMT
Apache Corp., Houston, reported making an oil discovery on Block 9/18a Area-W in the UK North Sea. The Garten discovery well lies 6 km south of the Beryl Alpha platform.
Fri, 23 Mar 2018 17:45:00 GMT
Sydney and Port Moresby producer Oil Search Ltd. expects its Gobe oil and gas processing facilities and export pipeline in the Papua New Guinea southern highlands to be back on stream in the next few days. The plant was mostly left undamaged by the recent earthquake.
Fri, 23 Mar 2018 16:54:00 GMT
Oil prices slipped Mar. 22, down from recent gains amid fears of a trade war that could hamper economic growth. US President Donald Trump on Mar. 22 signed “a Presidential Memorandum targeting China’s economic aggression,” a move aimed at imposing $50 billion in tariffs. This, after new tariffs on steel and aluminum became effective Mar. 23.
Thu, 22 Mar 2018 21:54:00 GMT
Europe’s natural gas market is evolving from politically driven projects to commercial agreements, and US suppliers will need to move more aggressively on those terms if they expect to be a substantive part of it, speakers suggested at a Mar. 22 conference.