Canada's energy sector is praising the federal government for approving Kinder Morgan’s proposed TransMountain pipeline expansion but was “disappointed” it rejected Enbridge’s Northern Gateway pipeline.
British bank Barclays has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.
Texas regulators have denied a request by Pioneer Natural Resources to permanently classify a set of Eagle Ford wells as gas-producing in a case that raised questions about how the state categorises wells.
Baker Hughes is joining forces with private equity firm CSL Capital Management and Goldman Sachs-managed fund West Street Energy to create a new hydraulic fracturing company — but some analysts questioned the valuation of the deal.
It is not often one sees lawyers taking centre stage at international oil conferences, but that’s what happened at last week’s annual African upstream convention in Cape Town, and they had a cautionary tale to tell of the continent’s maze of maritime border disputes.
The Singapore government is considering further measures to help its offshore and marine contractors weather the current downturn, during which the marine and offshore engineering industry has seen several quarters of contraction, writes Amanda Battersby.
Former Petrobras exploration and production director Guilherme Estrella has always been a staunch Brazilian nationalist with close ties to the Workers’ Party (PT), which ruled for more than 13 years until Dilma Rousseff’s impeachment.