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The devil is in the detail when it comes to ownership transfer of assets.
Dropped objects are one of the most frequent HSE safety incidents reported, and the changing oil and gas landscape threatens to increase the risk.
A new tax on extracting natural gas is being proposed by the governor of Pennsylvania, home to the Marcellus and Utica shale basins and the second biggest gas-producing state in the U.S.
The Canadian province of Alberta will ease oil curtailments in February and March, earlier than expected, saying on Jan. 30 that its rare step to limit production had eased a glut of crude.
The court, issuing a preliminary ruling, said it would reach a final verdict on production plans after it had heard 26 other complaints from local authorities and interest groups in April.
The International Energy Agency (IEA) has yet to assess the impact of the latest U.S. sanctions on Venezuelan oil supplies, its executive director said on Jan. 30.
A new pipeline will create a new export route for natural gas to European markets.
New Mexico Governor Michelle Lujan Grisham on Jan. 29 ordered state officials to develop regulations to reduce methane emissions from its oil and gas industry and separately rollback statewide greenhouse gas output over the next decade.
The Trump administration on Jan. 28 imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro.
Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the U.S.to cut off that revenue would likely force it to send crude to China, India or other Asian countries.
Britain’s public spending watchdog on Jan. 25 questioned a government estimate of 24 billion pounds (US$31 billion) as the cost of tax relief to decommission oil and gas infrastructure.
Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.