India Group said top bid for $6 billion Mozambique gas
State-backed Oil & Natural Gas Corp. (ONGC) and Oil India Ltd. (OINL) are the leading joint bidders for the stake in a Mozambique gas field being sold by Anadarko Petroleum Corp. (APC) and Videocon Industries Ltd. (VCLF), three people with knowledge of the discussions said. More »
Transocean plans job cuts to focus on offshore business
Transocean Ltd. expects to achieve $300 million in annualized cost savings after a restructuring initiative that included divesting 38 offshore rigs in the fourth quarter and eliminating shore-based jobs. More »
Companies driven toward natural gas vehicles as oil soars
For AT&T Inc. (T), the decision to introduce natural gas vehicles to the company’s fleet in 2008 proved well-timed, as the price gap between gas and diesel soared to an all-time high that summer. More »
BP’s ‘serious breaches’ risked explosion at Norway oil platform
An oil and gas leak at BP’s Ula field could have caused a deadly explosion, Norwegian regulators said. They ordered the company to review maintenance procedures after discovering “serious breaches.” More »
Billionaire plots to beat Chevron to largest Latin shale
Argentina’s Eurnekian family, after becoming billionaires from media and airports, is planning to become the government’s first shale oil and gas partner. More »
Fracking ruled out by Pennsylvania in town’s water case
Methane in the water wells of a Pennsylvania town visited by Yoko Ono in her campaign against hydraulic fracturing wasn’t caused by drilling for natural gas nearby, the state environmental regulator said. More »
Woodside says floating LNG may allow fastest browse development
Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil producer, said producing liquefied natural gas on a ship off the country’s coast may be the fastest way to develop its Browse project. More »
Occidental to keep CEO through 2014
Future chairmen will be independent and former CEOs can’t assume the top board spot after they leave, the company said. More »
Chesapeake sues Cameron over fracking equipment
Cameron International Corp. is being sued by Chesapeake Energy Corp. for alleged wellhead equipment failure. More »
Republicans back renewable energy tax benefit bill
Renewable energy developers may win some tax benefits from Congress that only oil and gas companies can enjoy right now, under a bipartisan bill introduced in the Senate last week. More »
Variety of groups lobby for Keystone XL
Almost 50 groups representing everything from oil companies to American Jews have stepped up their Washington spending as the proposed Keystone XL oil pipeline proves to be a bonanza for lobbyists. More »
U.K. fracking may not reduce domestic gas prices, report shows
Developing shale gas in the U.K. may not lead to lower prices as witnessed in the U.S. because of rising demand for the fuel globally, according to a report by the House of Commons Energy and Climate Change Committee. More »
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