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    1. Senator tells Platts that LNG and offshore revenue sharing are priorities

      Oregon’s Democratic US Senator Ron Wyden, who is preparing to head the Senate Energy and Natural Resources Committee, believes the nation should move cautiously on natural gas exports but is open to sharing revenues from offshore oil and gas development in federal waters with state governments. Wyden made his comments Sunday on “Platts Energy Week,” an all-energy news and talk show program. Wyden, who will replace New Mexico Democratic Senator Jeff Bingaman as the committee’s chairman when the 113th Congress convenes in January, has asked US Department of Energy Secretary Steven Chu to explain the agency’s criteria in approving applications to export liquefied natural gas. “I think we ought to look before we leap,” Wyden noted. He also said Congress was “in the dark” about criteria the DOE is using to approve such applications. Wyden said he wanted environmental impacts, such as the effects of hydraulic fracturing and methane emissions , to be considered when deliberating the export of LNG. He called gas a “strategic” resource and said the US should “wring every bit of value out of it.” But he also said he did not want approval of LNG exports to drive up gas prices in the United States. In addition, Wyden outlined his approach to considering revenue-sharing agreements with states in connection with oil and gas development in offshore federal waters. While he stopped short of calling for the expansion of such drilling to federal waters along the US East and West coasts, where it is currently blocked by the Obama administration , he said the panel would look at expanding offshore drilling into new areas that the administration had  already approved. Assessments of potential offshore energy development would possibly include consideration of revenue sharing for offshore renewable energy projects in certain states. “I think there's a chance to develop a third path in between those that want no revenue sharing and those who do want revenue sharing,” he said. Wyden said revenue sharing had long been a cause for “stark division” of the committee. Bingaman has long opposed revenue sharing with states bordering any federal waters.

      Online Articles

      Online Articles

      Mon, 19 Nov 2012

    2. Sakhalin locks in $5.3B in largest Russian project finance deal

      Sakhalin Energy Investment Co. Ltd., the Japan Bank for International Cooperation (JBIC), and a consortium of international commercial banks signed a project finance contract for Phase 2 of the world's largest integrated oil and gas development , Sakhalin II.

      Online Articles

      Online Articles

      Tue, 17 Jun 2008

    3. Endeavor Management proposes subsea decommissioning JIP

      Endeavor Management has released a proposal for a joint industry project (JIP) to support the industry’s need for global best practice development in subsea decommissioning.

      Online Articles

      Online Articles

      Wed, 1 Jul 2015

    4. Key Energy Services names Drummond as president and COO

      Key Energy Services Inc. (NYSE: KEG) says that Robert Drummond has joined the company as president and COO. With Drummond assuming the role of president, Richard J. Alario will remain Key's chairman and CEO.

      Online Articles

      Online Articles

      Tue, 23 Jun 2015

    1. Vedanta to merge with Cairn India

      Online Articles

      Online Articles

      Mon, 15 Jun 2015

    2. Unlocking the value of oil and gas hedges

      Now is the time to consider monetizing this valuable asset as a source of funding for 2015 operations

      Magazine Articles

      Magazine Articles

      Thu, 9 Apr 2015

    3. Post Oak Energy Capital commits $150 million to PetroEdge Energy IV

      Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. PetroEdge’s management team will be co-investing alongside Post Oak. 

      Online Articles

      Online Articles

      Thu, 16 Apr 2015

    4. Unlocking the UK shale opportunity

      More work is required to understand the potential from shale development

      Magazine Articles

      Magazine Articles

      Wed, 6 May 2015

    5. ENERGY PLAYERS

      infringement cases. In addition, he represents energy clients in environmental matters such as claims related to oil and gas development , particularly hydraulic fracturing, and, for the past two decades, has represented clients in a variety of

      Magazine Articles

      Magazine Articles

      Wed, 11 Mar 2015

    6. BOEM offers details on Lease Sale 246

      As part of President Obama’s all-of-the-above energy strategy to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper said March 2 that the bureau will offer more than 21 million acres offshore Texas for oil and gas ...

      Online Articles

      Online Articles

      Tue, 3 Mar 2015

    7. Fracking and local laws

      Examining the 'home rule' application and state versus local control of hydraulic fracturing

      Magazine Articles

      Magazine Articles

      Mon, 17 Nov 2014

    8. Don Stowers' Bracewell & Giuliani Interview with Loocke

      OGFJ's Don Stowers speaks with Bryan E. Loocke disucssing Mergers and Acquisitions within the Oil & Gas Industry.

      18:55

      Video

      Video

      Tue, 11 Nov 2014

      18:55

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