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.
PTTEP Plans $3.3B Capex for Myanmar Projects for 2014-2018.
PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide. Energy update.
Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies.
Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, says. Energy update.
Keystone XL Pipeline's Cost In South Dakota More Than Doubles.
The cost of the South Dakota portion of TransCanada's Keystone XL pipeline has more than doubled to $1.974B in the last four years the project has awaited federal approval, the company says. Energy update.
New Alberta Premier Picks Legislator Oberle As Energy Minister.
Jim Prentice appoints Frank Oberle as energy minister, a key portfolio in the province that is the largest source of US oil imports. 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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