- HRT Hires Rig to Drill Offshore Namibia, But Costs Soar
Brazilian oil startup HRT has hired a semisub from Transocean to drill prospects off the coast of Namibia, but higher rental rates will push exploration costs in the region higher.
- Crude Ends at 2012 Low on Supply Rise, Demand Drop
Crude prices settled at a fresh 7-month low, breaking below $90 a barrel, as the latest US weekly oil data showed stockpiles remaining at 22-year highs.
- Record Applications for North Sea Licensing Round
An “extraordinary level of interest” remains in North Sea’s oil and gas, according to the UK’s Department of Energy and Climate Change.
- Texas Fracking Disclosure Law Set Standard for Other States
The hydraulic fracturing chemical disclosure law passed by Texas in 2011 served as a trailblazer for other states, said David Blackmon.
- Cove Shuns Shell for PTT’s $1.9B Bid
The race to secure access to East Africa’s natural gas fields took a twist after PTT trumped Shell’s offer for Cove Energy with a late $1.9B bid.
- Musings: Backdoor Attack On Shale Development And Fracturing
The development of O&G shale has been a target of fossil fuel opponents and environmentalists for the past few years due to growing production and low prices.
- Resource Nationalism: the Usual Suspects or a Wider Problem?
Venezuela and Bolivia are the usual culprits when it comes to energy nationalizations, but should international energy businesses be more concerned about operating in S. America after Argentina’s takeover of YPF?
- Anadarko: Mozambique Could Become World’s Third Largest LNG Exporter
Anadarko is working the Mozambique’s government to establish the framework and fiscal regime for LNG development “of a caliber not seen before in continental Africa.”
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