A federal council formed to improve environmental application reviews for major projects is making progress, its acting executive director told a Senate Energy and Natural Resources Committee hearing on Dec. 12.   Source: News

The Chinese government plans to offer five oil and gas exploration licenses in the Tarim basin to nonstate operators, according to China Daily. The offering will be the third in the Xinjiang Uygur autonomous region under a program opening exploration and production to private companies. Source: News

Sudhir Mathur, formerly acting chief executive officer and chief financial officer of Cairn India, which parent Vedanta Ltd. now calls Cairn Oil & Gas, has become chief executive officer.  Source: News

Oil prices rose modestly on the New York market Dec. 14, which analysts attributed to a pipeline outage in the North Sea, noting that price gains appear to be capped by recent production forecasts. The time frame for a restart of the Forties Pipeline System remains uncertain. The system was shut for repairs after a […]

Global recovery of upstream spending remains intact, albeit at a measured pace that isn’t likely to materially tighten many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey. Source: News