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Oil & Natural Gas Energy News

Iran Oil Production Drop Seen

Thu, 17 May 2012 19:26:35 CDTViewed: 2 times.

A 12 percent decline in the first three months of the year is at odds with Iran's assessment that there has been no significant change in output over the past year.

Cybersecurity: How US Utilities Passed Up Chance To Protect Their Networks

Thu, 17 May 2012 18:37:47 CDTViewed: 61 times.

Cybersecurity needs are not hypothetical, as the recent DHS warning of a cyberattack on the US natural gas industry shows.

Key Energy Services To Present At The UBS Global Oil And Gas Conference

Thu, 17 May 2012 17:43:00 CDTViewed: 80 times.

Key Energy Services, Inc. (NYSE: KEG) will present at the UBS Global Oil and Gas Conference, Thursday, May 24, 2012 in Austin, Texas. Key's presentation is scheduled...

Brazil Navy Investigates New Oil Spill Off Coast

Thu, 17 May 2012 14:28:10 CDTViewed: 33 times.

BRASILIA - An oil spill was discovered off Brazil's coast near the country's Espirito Santo state, Brazil's Navy said on Thursday, the latest in a series of spills that have raised questions about the safety of a massive expansion of the country's oil production capacity. The Navy said it has sent a team to investigate and has no immediate estimate of the leak's size. Petrobras...

Final Details For Gulf Of Mexico Oil And Gas Lease Sale

Thu, 17 May 2012 14:23:48 CDTViewed: 42 times.

NEW ORLEANS- Today the Obama Administration provided final details for the Central Gulf of Mexico lease sale announced by President Obama in January 2012, as part of his administration's ongoing focus on expanding safe and responsible production of our domestic energy sources. Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today...

Pension Fund Urges Vote Against Chesapeake Directors

Thu, 17 May 2012 14:17:00 CDTViewed: 70 times.

The custodian of a group of New York City pension funds is calling on Chesapeake Energy shareholders to vote against two board members, saying they failed to monitor financial activities of the company's chief executive that have engulfed the natural-gas giant in controversy.

Iraq's Fourth Auction Will Boost Oil Hopes

Thu, 17 May 2012 14:04:58 CDTViewed: 9 times.

Iraq is preparing for its fourth auction of oil and natural gas exploration zones as it tries to rival Saudi Arabia as the world's leading oil producer.

Pipeline Is Ready To Reverse Flow Of Oil

Thu, 17 May 2012 13:40:00 CDTViewed: 69 times.

Enterprise Products Partners and Enbridge completed the reversal of the Seaway pipeline, setting the stage for crude oil to flow from an Oklahoma storage hub to Gulf Coast refineries.

Local Protest Rally Set For May 17 On Oil/gas Leases

Thu, 17 May 2012 13:14:48 CDTViewed: 16 times.

Heflin Mayor Anna Berry has announced that a local rally will be held in connection with plans by the Bureau of Land Management to lease some 118,738 acres, or about 30 percent of Talladega National Forest Land for oil and gas drilling.

Baker Hughes Relies On Oil Exploration As Gas Rig Count Falls

Thu, 17 May 2012 13:01:36 CDTViewed: 2 times.

The growth of oil directed drilling is helping Baker Hughes and other oilfield services players withstand the fall in gas drilling, and over the long term, the shift bodes well for he industry as oil drilling is more service intensive than gas exploration.

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