- Shell Extends Cove Offer for Second Time
Shell extended its offer for Cove Energy for the second time, keeping alive the prospect of the oil major attempting to woo Cove shareholders with a higher bid for the Mozambique-focused explorer.
- BSEE to Pay Extra Cost for Inspectors On Board Shell’s Alaska Rigs
BSEE will pay the extra cost to have inspectors on board the Kulluk and Noble Discovery drilling rigs, which Shell has proposed to use for its offshore Alaska drilling plans this summer.
- Afghan Cabinet OKs Oil Accord with China
Endorsing a deal with China on developing a small oil and gas field in northern Afghanistan, the Cabinet agreed to the creation of a joint working committee to explore energy deposits at the Amu River basin.
- Crude Oil Settles up on Hope of Fed Stimulus
Crude futures prices rose 1.6%, settling near $84 a barrel, amid fresh hopes of a new move by the Federal Reserve to stimulate the US economy.
- API, Commissioner Praise Dunes Sagebrush Lizard Decision
API and Texas Land Commissioner Jerry Patterson praises the decision of the U.S. Fish and Wildlife Service to keep the dunes sagebrush lizard off the endangered species list.
- OPEC to Keep Oil-Production Ceiling Unchanged
OPEC agreed to maintain its existing oil-production agreement, said OPEC delegates, but several members signaled that the group could meet again soon if prices retreat much more.
- Petrobras Investment Aims to Get Output Back On Track
Petrobras says it aims to get exploration and production back on track, as output has lagged in the last couple of years.
- Apache: US Oil to Lead Company’s Production Growth
Apache plans to produce more than 1 million barrels of oil equivalent a day in 2016, with U.S. oil production leading its growth, CEO Steve Farris said.
- Attorney General: Chesapeake Must Renegotiate NY Leases
NY Attorney General Eric T. Schneiderman announced that an agreement has been reached that would allow landowners to renegotiate natural gas leases with Chesapeake Energy.
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