Mexican state oil firm Pemex will present its first possible deepwater tie-up with oil firms in the Trion field.
Angolan President Jose Eduardo dos Santos has appointed his daughter, Isabel, as the chairwoman of the state oil company Sonangol.
Abu Dhabi, the Persian Gulf emirate that holds about 6 percent of global crude reserves, replaced the head of its state oil company with an executive who spent the last 10 years investing in energy as prices languish near a 12- year low.
Argentina’s president Cristina Fernandez praised her government’s achievements in her first public comments since her party’s lacklustre election performance. She urged voters Argentines to defend them in the presidential run-off election next month. Ms Fernandez used a late night speech to remind Argentines of steps taken by her left-of-centre administration. This included the nationalisation of Aerolineas Argentinas and the YPF oil company, social welfare programmes for the poor and free education in public universities.
California's oversight of wells where oil companies dispose of wastewater brought to the surface is hindered by inadequate staffing and poorly organized paper records, a state review of the program said Thursday. In a report to the state legislature, California's Department of Conservation (DOC) found that wastewater injection wells also suffer from inconsistent permitting, monitoring and enforcement of their construction and operation, among other problems. "The division hasn't owned up to its responsibilities as a regulator in the past, but we are rapidly moving towards doing that," Steve Bohlen, head of California's Division of Oil, Gas and Geothermal Resources, which oversees the state's drilling activities, said on a conference call with reporters.
Secretary of State John Kerry is meeting Gulf foreign ministers Monday to provide assurances that the US commitment to the oil-rich region isn’t wavering after last month’s landmark nuclear agreement with Iran. The region is confronting unprecedented “circumstances and challenges,” Qatar’s Foreign Minister Khalid Al-Attiyah said in Doha, the country’s capital, before the talks with Kerry. “We are aiming to achieve security and peace and stability with the help of the US.” The nuclear pact Iran reached with world powers in Vienna has rattled Gulf countries skeptical about rival Iran’s atomic and regional ambitions. They worry that Iran will use the agreement to deepen its involvement in Arab affairs as sanctions are lifted and its economy and revenue expand.