• Qatar Petroleum Takes 15% Stake in Total E&P Congo
  Qatar Petroleum International and Total sign a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company.
• Sudan Accused of Blocking Oil Exports
  South Sudan has accused its neighbor Sudan of blocking oil flow from its Unity state.
• Brazil's OSX Cuts Workforce Amid Broader Reorganization
  OSX Brasil has laid off more than 300 employees as part of a broader reorganization plan to reduce spending and focus on hard orders.
• BP's Investment in Iraq to Reach $5B by 2016
  BP plans to increase the production capacity at the Rumaila oilfield by 750,000 barrels per day and aims to increase its spending in the country to $5 billion a year, a senior exec. says.
• UK Shale Gas Industry Could Support 74,000 Jobs
  Institute of Directors’ report claims investment in the UK shale gas industry could peak at $5.6 billion a year and support 74,000 jobs.
• Oil Drops as Gasoline Stocks Rise, Fed Weighs Winding Down of Stimulus
  Crude futures drop 2% on a government report showing rising fuel supplies and signs that the Federal Reserve may be closer to winding down stimulus efforts.

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• Texas Sues Companies Connected to Macondo Oil Spill
  The state has accused companies involved with the oil spill of violating environmental laws and is seeking damages for lost revenue.
• New US Energy Secretary Promises Review of Natural Gas Export Studies
  Ernest Moniz promises a review of the government’s existing studies of nat gas exports, raising the possibility that the US might re-do the analysis that has underpinned previous permit approvals.
• Chesapeake to Aid Tornado Relief Efforts in Oklahoma
  Chesapeake announces it will make a cash donation of $1M to the American Red Cross to be used in the rescue and recovery efforts to aid the victims of the devastating tornadoes that hit Moore, Oklahoma.
• ConocoPhillips Contributes to Oklahoma Relief Efforts
  ConocoPhillips announces a contribution to the American Red Cross to support relief efforts following the recent tornadoes in Oklahoma.
• Five US States Help Boost US Oil Production
  Five US states besides Texas and North Dakota make a significant contribution to the growth in US oil production.
• US Judge Dismisses Obstruction Charge Against Former BP Executive
  A federal judge has dismissed a criminal charge against a former BP executive that alleged he tried to obstruct a Congressional investigation into the Deepwater Horizon incident by lying about the amount of oil flowing from the well.
• Shell CEO: No Adverse Findings by EU Probe
  Shell CEO says that the EU probe into oil price manipulation has made no adverse findings against the company.

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• New York Landowners Sue Norse Energy USA Over Leases
  Eighty-nine New York landowners who once agreed to let Norse Energy drill for natural gas on their property have filed a lawsuit against the struggling company.
• Pertamina CEO Most Likely to Head Indonesia Investment Body
  PT Pertamina’s Chief Executive is front runner to head Indonesia’s Coordinating Board for Investment, according to sources.
• Crude-Oil Futures Climb to Seven-Week High
  Oil futures climb to a seven-week high amid optimism over the US economic recovery and the prospect of rising crude demand this summer.
• Energy Chief Oettinger: EU to Review Fracking This Year
  The European Union will review hydraulic fracturing and the environmental concerns surrounding the practice this year, EU Energy Commissioner Guenther Oettinger says.
• Chesapeake Picks Anadarko Executive Lawler as CEO
  Chesapeake plucks a 46-year-old executive from a rival oil-and-gas company to succeed Aubrey McClendon as chief executive of the nation’s second-largest natural-gas producer.
• Could Philadelphia Become 'Cushing East'?
  A crude-by-rail terminal under development near Philadelphia could become an East Coast oil trading hub.
• Japan Pledges $2 Billion for African Projects
  Japan is pledging $2 billion for energy and mineral projects in Africa as it seeks to catch up with years of Chinese investment.

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• Greenland Minister: Will Issue New Oil Exploration Licenses
  Greenland’s new government clarifies its stance on allowing more offshore oil exploration.
• Transocean Shareholders Reject Icahn's Dividend Proposal
  Transocean shareholders reject a $4 a share dividend proposal by activist investor Carl Icahn but oust long-time company Chairman Michael Talbert.
• Energy Department Approves Freeport Natural-Gas Export Permit
  The Obama administration clears the way for broader natural gas exports by approving a $10B facility in Texas, a milestone in the US transition into a major supplier of energy for world markets.
• Myanmar Pipelines on Schedule Despite Attack
  A rebel attack on CNCP workers at a compound in Myanmar will not delay the launch of pipelines due to start pumping oil and gas into China later in 2013, according to an official.
• Oil Futures Follow Broader Markets to One-Week High
  Oil futures rise to a one-week high, as broader markets rally on positive US economic data.

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• Crude-Oil Futures Settle up 86 Cents at $95.16/Barrel
  Crude-oil futures prices settle higher, climbing on hopes for rising demand as the peak summer gasoline demand season approaches.
• Chevron, YPF Sees Argentina as Possible Shale-Oil Pioneer
  Just as US companies have revolutionized the global shale-gas industry, businesses working in Argentina have the opportunity to set new standards in shale-oil production, according to YPF and Chevron.
• Moniz Unanimously Confirmed as Energy Secretary
  The US Senate confirmed Ernest Moniz, a nuclear physicist who has lauded the US natural gas boom, as the next US Energy Secretary.
• Petrobras BP, Among Winners in Brazil's 11th Bidding Round
  Petrobras, BP and Total rank among companies winning exploration blocks offshore Brazil in the nation’s 11th bidding round, the first since December 2008.
• Hess, Elliott Management Reach Agreement to End Proxy Contest
  Hess settles a months-long proxy fight hours before a shareholder vote, agreeing to name three directors backed by dissident hedge fund Elliott Management Corp.
• Revised Hydraulic Fracturing Rule Available for Comment Period
  The Department of Interior seeks comments on the updated rule that would govern hydraulic fracturing on US federal and Indian lands.

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• Washington Must Find a Way to Say 'Yes' to Offshore Exploration
  Policy makers in Washington should know that finding ways to expanded production on the OCS does not mean they are shirking their responsibilities to provide oversight.
• AmericaCNG to Roll Out Solution to Associated Gas Production
  AmericaCNG will begin rolling out in September mobile plants that will allow producers to monetize their natural gas liquids and convert methane production to LNG or CNG.
• Crude-Oil Futures Edge Higher After Inventory Report
  Crude-oil futures end a turbulent session little changed, after a report shows an unexpected drop in US oil stockpiles but also points to sliding gasoline demand.
• Allegations of Oil-Price Fixing Deeply Worrying UK
  Allegations of oil-price manipulation by large firms in the energy sector are “extremely concerning,” UK Prime Minister David Cameron’s spokesman says.
• Baghdad Blasts Turkey/Kurdistan Deal
  Iraq’s government criticizes a deal between Turkey and the Kurdistan region of Iraq to develop oil projects.
• YPF, Chevron Move Closer to $1.5B Shale Oil Deal
  YPF and Chevron move closer to finalizing an agreement that would see the US energy company invest $1.5 billion to develop shale oil deposits in the South American country.

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• Turkey's State Oil Co, ExxonMobil to Develop Oil Projects in Kurdistan
  Turkey’s state-run oil firm enters an agreement with ExxonMobil to develop joint projects in Kurdish-administered northern Iraq, the country’s Prime Minister Recep Tayyip Erdogan says.
• USGS: New Insight on GOM Gas Hydrates
  Scientists return from a 15‑day research expedition in the northern Gulf of Mexico with high-resolution seismic data and imagery of sediments with high gas hydrate saturations.
• Crude Oil Futures Settle 1% Lower at $94.21/Barrel
  US crude oil futures fall for a fourth straight Tuesday, shedding 1% to settle at a two-week low of $94.21 a barrel on worries over high inventory and sluggish demand.
• Job Market Particularly Strong for Deepwater Pros
  A recruiter tells Rigzone that an uptick in deepwater activity has contributed to a marked increase in demand for riser, drilling and completion engineers worldwide.
• ANP Says China's CNOOC Pulls Out of Brazil Oil-Concession Auction
  CNOOC pulls out of an auction of oil and natural gas exploration concessions in Brazil, the country’s ANP says.
• Kuwait: The Transformation Game
  Increased local consumption is pushing Kuwait to tap the development of difficult and unconventional resources.
• Iraq Oil Exports Suspended after Attack
  Exports of oil from northern Iraq are suspended after a bomb attack against a key pipeline.
• Brazil's First Oil Auction in Five Years Draws Record Bids
  Brazil saw record bidding at its first oil auction in five years as the growing promise of oil finds along the equator attracted huge interest in exploration blocks at the mouth of the Amazon River.

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• Iran Courts Indian Companies with More Alluring Oil Contracts
  Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector suffering from tight Western sanctions.
• Oil Futures Weighed by Demand Worries, OPEC Output
  Oil futures settle lower for the third straight session, weighed by concerns over weakening demand in China and robust global production.
• Thailand: PTTEP Keen to Tap Shale Gas
  PTTEP is looking to invest in North America’s shale gas through a joint investment with strategic partners, Bangkok Post reports.
• BP Withdraws Staff from Libya
  BP withdraws staff from Libya as a “precautionary measure” after receiving advice from the Foreign Office.
• OTC Exhibitors: Technologies Trending Toward Deeper Water But Also Land
  Existing offshore innovations are increasingly being re-purposed for greater depths, mature wells and even land rigs, OTC exhibitors tell Rigzone.
• Global Shale Oil Impact to Vary By Country
  Shale oil production could reduce global oil prices and boost the global economy, but its impact will vary by country, according to a PwC study.
• Hess Offers to Add Elliott Picks After Hedge Fund Scraps Bonus Plan
  Hess says it is prepared to add two of Elliott Management Corp.’s nominees to the energy company’s board after the dissident hedge fund scrapped an unorthodox bonus plan.
• Myanmar Pipelines To Benefit China
  Two pipelines in the highlands of northeast Myanmar will soon begin pumping oil and gas into China, representing a major step in Beijing’s quest for energy security.

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• EU Commissioner: Shale Gas Could Curb Gazprom Prices
  The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, Gazprom, EU Energy Commissioner Guenther Oettinger says.
• Lebanon Has 30 Trillion Cubic Feet of Offshore Gas
  Preliminary surveys of Lebanese offshore fields show reserves of 30 Tcf of natural gas and 660 million barrels of oil, Lebanon’s energy minister says, adding that production could begin within four years.
• Investigation Underway Into Utah Drilling Site
  An investigation is underway into an explosion of an oil tank at a Newfield Exploration Co. site in Uintah County, Utah.
• Canada Minister Sees Better Prospect of Change to EU Oil-Sands Law
  Canadian Natural Resources Minister Joe Oliver says the possibility of changes to a proposed European Union law that seeks to treat Canadian oil-sands crude as dirtier than conventional fuel have improved.
• Nymex Crude Falls as Dollar, Weak Fuel Demand Weigh
  Crude-oil futures fall on a stronger US dollar and new indications of sluggish global fuel demand.
• Papua New Guinea Draws Energy Interest
  Foreign governments are boosting efforts to win influence in PNG, with Australia deepening economic and defense ties with the impoverished South Pacific nation.
• ENI Expects Libya Unrest to Continue
  ENI Chief Executive Paolo Scaroni says he expects unrest to remain in Libya following the 2011 civil war, but that he’s optimistic the situation will improve.
• GE Oil & Gas Looks to Tap Up and Coming Engineers
  The next wave of oil and gas engineers shared some of the spotlight at this year’s OTC, when GE highlighted its latest student survey results during the GE Oil & Gas Young Engineer Panel.

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• Nigeria Oil Bill Could Deter $109B if Investment
  Landmark legislation intended to reform Nigeria’s oil sector is set to introduce harsh fiscal terms that could deter $109B worth of new investment in the coming years, according to Nigeria’s oil industry trade body.
• At Least 9 More Decades for North Sea Oil
  Scotland’s Energy Minister reckons that UK North Sea oil and gas production can continue until the end of the century, but only with the right policies from the government.
• California Postpones Oil, Gas Lease Auctions
  Due to recent events, BLM has delayed oil and natural gas leasing in California.
• UK Energy Secretary Lauds Oil, Gas Sector
  Oil and gas will remain a vital part of the UK’s energy mix for decades, says UK Energy Secretary.
• BSEE, Coast Guard Enter Agreement to Improve Offshore Oversight
  BSEE Director James Watson and US Coast Guard Rear Admiral Joseph Servidio announce a new Memorandum of Agreement (MOA)to strengthen the working relationship between the two agencies.
• US Crude Oil Futures Settle Down; Products Hit One-Month High
  US crude oil futures end weaker but above the day’s lows, while refined products futures hit one-month highs on hopes of a coming improvement in the economy of the world’s biggest oil consumer.
• Brazil Seeks to Expand Oil, Gas Investment with 11th Bidding Round
  ANP Director Magda Chambriard reports significant interest in Brazil’s upcoming 11th bidding round as Brazil pursues plans to double its oil and natural gas production.

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