Oil & Gas Industry News
EnerFaxGold.com provides up to date energy, oil & gas news from around the world. See below for the latest energy industry headlines.
Oil Falls Slightly; Natural Gas Soars On Weather.
The price of oil falls slightly, the first decline in seven trading sessions. Energy update.
Mexico Senate Committees Give Preliminary Approval To Energy Bill.
Three Mexican Senate committees give general approval to an energy bill that will open up the world's 10th-biggest oil producer to private investment. Energy update.
QEP Resources To Buy Oil Assets In Texas For $950M.
QEP Resources says it will buy oil assets in Texas' Permian Basin as it looks to transform itself into a pure-play exploration and production company. Energy update.
Barclays: Oil, Gas Companies To Spend 6% More In 2014.
Oil and gas firms will spend 6.1% more on exploration and production in 2014 than in 2013, according to a Barclays Bank report. Energy update.
Total launches phase 2 of offshore Ofon field.
Total launched the second phase of the Ofon field development in offshore Nigeria (Ofon Phase 2) has begun. Oil and gas updates.
Lundin spuds fourth appraisal well.
Lundin Petroleum commenced drilling of the appraisal well 16/2-11 on the Johan Sverdrup PL501 discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS). Oil and gas updates.
Total launches Hild field development.
Total, operator of the Hild license, launched the development of the field located in the Norwegian North Sea. Oil and gas updates.
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