By the time Jorge Montepeque came to London in January 2002 to revamp Platts energy-price benchmarks amid a series of manipulation scandals, he’d already earned a reputation as the company’s troubleshooter. More »
A proposed energy reform in Mexico could likely include increased requirements for international companies to use locally produced products and services, experts said Friday morning in a Houston-based conference sponsored by Mayer Brown. More »
Houston’s Halcón Resources Corp. said this week it had inked three separate purchase and sale agreements to sell off “certain non-core conventional assets” in the U.S. for $302 million. More »
Congress’ business tax reform initiatives threaten laws and have broad implications to the American oil and gas industry, particularly small independent producers. More »
Valero, the nation’s largest independent refiner, said its plan to expand hydrocrackers at its Port Arthur refinery and St. Charles plant in Louisiana would be delayed until 2018 instead of 2015.
Linn Energy is buying assets in the Permian Basin for $525 million, a deal meant to expand the proportion of oil production in the Houston company’s portfolio. More »
While a possible deal to secure Syria’s chemical weapons has eased worries about an immediate U.S. attack, continuing strife throughout the region has heightened concerns that oil supply disruptions will become the new normal. More »
The Organization of Petroleum Exporting Countries said the global oil market is “well-supplied,” and trimmed demand estimates for its crude in 2014 as production outside the group increases. More »
Chesapeake Energy has dropped its two-year legal battle to force an extension of 200 expired gas-drilling leases covering 13,000 acres in southern New York, the law firm representing the landowners said Monday. More »
Shell officials on Monday will begin talks in Nigeria’s southern city of Port Harcourt with representatives for the Bodo community on compensation and cleanup five years after one of the worst oil spills in Nigeria’s history. More »
Since Egyptian President Hosni Mubarak fell from power in February 2011, U.S. and Canadian oil production has risen by a total of 2.57 million barrels a day. That’s three times that amount of oil production that has been lost to world supply directly from Arab Spring violence in Syria, Yemen and Bahrain. More »
Libya’s prime minister faced increasing calls for his ouster on Saturday as strikes by government employees at oil export terminals cost the North African country more than $5 billion in losses.