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 »
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 »
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 »
A mail box sits on an abandoned well pipe near blooming peonies, logs snag on metal casings rising out of a creek, children swing next to rusted pump jacks. In Pennsylvania, birthplace of the U.S. oil industry, century-old abandoned oil wells have long been part of the landscape. Nobody gave much thought to it when… Continue Reading »
Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry’s rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. But gas demand growth is slowing,… Continue Reading »
Despite the oil price downturn, investment in technology will remain critical to the oil and gas industry. Helping the oil and gas industry increase the efficiency, productivity and safety of its operations is the goal behind the expansion of a technology research partnership. The Research Partnership to Secure Energy for America (RPSEA) and consulting firm… Continue Reading »
Almost half (43 percent) of UK oil and gas firms are planning further cost cuts to help manage the impact of the industry downturn, according to the fifth annual Bank of Scotland report on the oil and gas industry. The Re-evaluating Strategies report gathered views from across the industry, including its supply chain, and found… Continue Reading »
Alexey Miller, Chairman of the Gazprom Management Committee, and Tevin Vongvanich, President and Chief Executive Officer of the Thai state-owned company PTT, today signed in Saint Petersburg the Memorandum of Understanding on cooperation in the oil and gas industry. The signing ceremony was held in the presence of Dmitry Medvedev, Prime Minister of the Russian… Continue Reading »
For workers laboring on top of tall structures, the ability to self-rescue could mean the difference between life and death. While transportation incidents represented the largest cause of U.S. workplace deaths, workers also face serious threats from falling. Fourteen percent, or 660, of the 4,821 U.S. worker fatalities in 2014 resulted from falls to a… Continue Reading »
Virtus Oil and Gas Corporation (OTCBB: VOILD) (“Virtus” or “the Company”) and one of its wholly owned subsidiaries recently completed and executed a Letter Agreement with Kansas Alliance Resources, LLC to acquire ten (10) net mineral acres in Weld County under a producing well; and with BYA Energy, LLC to acquire a five percent (5%)… Continue Reading »
