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National Parks, low gas prices fuel summer travel

June 28, 2016

Low gas prices and interest in the National Park Service’s 100th birthday are fueling summer travel this year, according to an expert from BJ’s Wholesale Club, who shares tips on how travelers can save money when filling up for vacation. “Gas prices are significantly lower than last summer, making this a great year for driving… Continue Reading »

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Brexit: Adverse Impact for UK’s Oil, Gas Industry Unlikely

June 27, 2016

The people of the United Kingdom’s decision to leave the European Union is unlikely to have a major adverse impact on the country’s oil and gas industry, companies and organizations involved in the sector said. But they also called for clear leadership from the UK government on the way forward for the industry in order… Continue Reading »

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SapuraKencana Energy Sarawak Inc announces the signing of the SK310 upstream gas sales agreement for B15 gas field

June 27, 2016

SapuraKencana Energy Sarawak Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (“SKPB”) has signed the SK310 Upstream Gas Sales Agreement (“UGSA”) in relation to the production of gas from the B15 Gas Field on Thursday, 23 June 2016, between Petroliam Nasional Berhad (“PETRONAS”) as Gas Buyer and the SK310 Production Sharing Contract (“PSC”) Contractors… Continue Reading »

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Stubborn Natural Gas Supply Imperils Best US Rally in 14 Years

May 14, 2016

Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story. Prices have gained about 30 percent from a 17-year low in March, the biggest advance for the period since 2002, as investors including Greenlight Capital’s David Einhorn bet the market… Continue Reading »

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France Studying Possible Ban on Import of US Shale Gas – Minister

May 13, 2016

French Energy Minister Segolene Royal said on Tuesday she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environmental reasons. Royal, answering a question in parliament, said contracts signed by French gas utility Engie and power utility EDF… Continue Reading »

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Akastor Plunges Deeper into Red

May 3, 2016

Oilfield services investment company, Akastor, has booked a first-quarter 2016 loss on sharp decline in revenues caused by the weak market. The Oslo-listed company recorded loss of NOK 366 million ($45.4 million) for the first quarter 2016 compared to loss off NOK 251 million ($31.1 million) in the corresponding quarter in 2015. Akastor, as a group,… Continue Reading »

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How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say

May 3, 2016

As U.S. oil and gas continues its “lower for longer” path, the question arises of whether a bailout – such as the one granted to the automotive industry at the end of the 2000s – has become part of the national discourse. The automotive industry’s rescue amounted to a bill of $9.3 billion once the… Continue Reading »

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Key Oil, Gas Figures Welcome Scotland’s ‘No’ Vote

September 20, 2014

Key figures involved in the UK oil and gas industry have responded positively to the “No” result in the Referendum on Scottish independence that was announced Friday morning, with Scottish oil services tycoon Sir Ian Wood and Royal Dutch Shell CEO Ben van Beurden welcoming the result. Just over two million people voted against independence,… Continue Reading »

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