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| December 16, 2013 |
 Lockheed Martin Manufacturing Tanks to Store and Transport Liquefied Natural Gas New Orleans LA (SPX) Dec 16, 2013 - Building on a 38-year history of manufacturing external tanks for NASA's Space Shuttle program, Lockheed Martin [NYSE: LMT] is producing Liquefied Natural Gas (LNG) storage tanks. Lockheed Martin is under contract to produce cryogenic LNG storage tanks for Wartsila, a Finnish power solution provider and Harvey Gulf International Marine LLC, a marine transportation company. "There is a grow ... more |  |
Lithuania hails progress on LNG during EU presidency Vilnius, Lithuania (UPI) Dec 13, 2013 - Lithuania's president this week hailed progress on liquified natural gas projects during its EU presidency and predicted successor Greece will do the same. President Dalia Grybauskaite said in Vilnius Wednesday Lithuania could claim success in working to secure the EU's energy security and diversify supplies during its six-month stint heading the European Union Council, citing LNG termi ... more |  |
Libya faces economc dangers over oil shutdown Tripoli, Libya (UPI) Dec 13, 2013 - The six-month shutdown of Libya's oil industry by rogue militias and disgruntled tribesmen has forced the government to dip into the country's foreign reserves, a move that will likely exacerbate the political turmoil that led to the shutdown if no settlement is soon found. Prime Minister Ali Zeidan said he expects three Libyan oil ports on the Mediterranean to reopen Sunday, allowing ... more |  |
Gunmen kill 18 pipeline workers in Iraq: police Baquba, Iraq (AFP) Dec 13, 2013 - Gunmen Friday shot dead 18 people - most of them Iranians - who were working on a gas pipeline from Iran to Iraq northeast of Baghdad, police officers said. The attack near Baladruz killed 15 Iranians and three Iraqis, and wounded five Iranians and two Iraqis, the officers said. Violence has reached a level this year not seen since 2008, when Iraq was just emerging from a period of bru ... more |  |
Anadarko tumbles on multi-billion dollar ruling New York (AFP) Dec 13, 2013 - Shares of Anadarko Petroleum plummeted Friday after a judge ruled that the oil company owes litigants billions due to a fraudulent reorganization designed to avoid environmental liability. US bankruptcy judge Allan Gropper ruled that the oil and gas company owes between $5.1 billion and $14.5 billion. The company immediately vowed to appeal the ruling. Investors sold its shares off after ... more |  |
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Russia says Arctic crew cannot leave country: Greenpeace Saint Petersburg (AFP) Dec 13, 2013 - Russia has denied foreign Greenpeace activists permission to leave the country pending their trial over an Arctic protest, the group said on Friday, some two weeks after they were released on bail. Dutch activist Anne Mie Jensen received a letter from the Investigative Committee, in which the powerful agency indicated to the crew, indicted on hooliganism charges, that they "cannot leave the ... more |  |
Persian Gulf states seek joint military command -- again Kuwait City (UPI) Dec 12, 2013 - On the face of it, the decision by the Arab monarchies of the Persian Gulf to establish a joint military command indicates the six member states of the Gulf Cooperation Council are seeking to bolster their collective security against Iran amid signs of a rapprochement between their regional rival and the U.S.-led Western powers. The leaders of those states - Saudi Arabia, the United ... more |  |
Nigeria's leader under fire over missing $50B in oil money Abuja, Nigeria (UPI) Dec 12, 2013 - President Goodluck Jonathan is under growing pressure from top-level corruption in Nigeria's oil industry, with the central bank asking what happened to $50 billion in missing oil revenues and his political mentor, former president Gen. Olusegun Obasanjo complaining about massive fraud in the industry. Meantime, massive oil theft in the Niger Delta, the southern region where Nigeria's o ... more |  |
Another cost blowout for Chevron's Gorgon LNG in Australia Perth, Australia (UPI) Dec 12, 2013 - Oil and gas giant Chevron Corporation has revealed the cost of its massive Gorgon liquefied natural gas project on Western Australia's Barrow Island has increased to $54 billion. The cost blowout comes a year after the cost estimate for Gorgon, the world's largest LNG development, was raised from $37 billion to $52 billion. Chevron said the project, under construction for four ye ... more |  |
Putin orders military to boost Arctic presence Moscow (AFP) Dec 10, 2013 - President Vladimir Putin ordered Russia's military on Tuesday to step up its presence in the Arctic after Canada signalled it planned to claim the North Pole and surrounding waters. The tough and rapid response to Canada's announcement reflected Russia's desire to protect its oil and natural gas interests in the pristine but energy-rich region amid competing claims there by countries that al ... more |  |
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Canada to claim North Pole: minister Ottawa (AFP) Dec 10, 2013 - Canada signalled intentions to claim the North Pole and surrounding Arctic waters while announcing Monday the filing of a UN application seeking to vastly expand its Atlantic sea boundary. After a decade of surveying the country's eastern and far north seabeds and gathering supporting evidence, a claim was submitted to the Commission on the Limits of the Continental Shelf on Friday. Fore ... more |  |
Showdown on Iraqi Kurds' oil, gas is looming Erbil, Iraq (UPI) Dec 11, 2013 - The thorny dispute over Iraqi Kurdistan's oil riches is likely to heat up in the weeks ahead, aggravating tensions in a flashpoint region at a time when al-Qaida bombers are wreaking havoc across the country spurred by the civil war raging in next-door Syria. The semi-autonomous Kurdish Regional Government in the Kurdish enclave that spans three provinces in northern Iraq wants to expor ... more |  |
India to offer BHP Billiton incentives to keep oil and gas blocks? New Delhi (UPI) Dec 11, 2013 - India is trying to convince mining giant BHP Billiton Ltd. to stay invested in the country, and may offer a partnership with state-owned Oil and Natural Gas Corp. as an incentive, an oil ministry official said. Melbourne, Australia-based BHP announced its decision in October to relinquish nine of its 10 Indian oil and gas exploratory fields after it failed to secure clearance from the I ... more |  |
Pentagon chief affirms Qatar, US defence ties Al-Udeid Airbase, Qatar (AFP) Dec 10, 2013 - Pentagon chief Chuck Hagel reaffirmed US military ties with Qatar on Tuesday, during a regional tour aimed at shoring up Gulf alliances amid disagreements over policy on Iran and Syria. Hagel met Qatar's Emir Sheikh Tamim bin Hamad Al-Thani and his minister of state for defence, Major General Hamad bin Ali al-Attiyah, in Doha where they renewed a defence agreement. US air force commander ... more |  |
Colombian oil pipeline changes hands in part acquisition Bogota, Colombia (UPI) Dec 10, 2013 - Colombia's largest crude oil transportation system is going through an ownership change after global investor Advent International led a partial buyout in a deal signalling growing interest in the Latin American country's energy prospects. Cenit S.A.S., a wholly owned subsidiary of Ecopetrol S.A., Colombia's largest integrated oil and gas company, will continue with its majority ownersh ... more |  |
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Oil explorer eyes Spain's pristine Canary Islands Madrid (AFP) Dec 10, 2013 - Luring millions of tourists a year with its crystal-clear waters, warm winters and precious wildlife, Spain's Canary Islands may hold another treasure - oil - that is attracting a less welcome visitor. Oil and gas group Repsol aims to begin exploring in 2014 off the archipelago's coast for oil deposits, which could be the largest in Spain. The group, which awaits only a final clearance ... more |  |
With US ties frayed, Saudi calls for Gulf union Manama (AFP) Dec 09, 2013 - With its decades-old US alliance strained over the Syria war and a nuclear deal with Iran, Saudi Arabia is calling on the Gulf monarchies to unite for their own self-defence. US Pentagon chief Chuck Hagel, visiting Saudi Arabia on Monday, has assured Gulf states that the agreement struck between major powers and Iran on November 24 will not affect the presence of some 35,000 US troops in the ... more | |
Chevron resumes shale work in Romania despite protest Pungesti, Romania (AFP) Dec 08, 2013 - Chevron said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend the operation. Romanian police declared the area around the planned mine a "special security zone" and installed check-points on all roads leading to the nearby village of Pungesti after Saturday's protests. "Chevron can confirm that it ... more |  |
US to maintain 35,000 troops in Gulf region: Hagel Manama (AFP) Dec 07, 2013 - The United States is committed to maintaining a 35,000-strong force in the Gulf region regardless of a nuclear deal with Iran, Pentagon chief Chuck Hagel said Saturday in Bahrain. The United States has an armada of ships and aircraft in place and "will not make any adjustments to its forces in the region - or to its military planning-- as a result of the interim agreement with Iran," said H ... more |  |
Chevron resumes shale work in Romania despite protests Pungesti, Romania (AFP) Dec 08, 2013 - Chevron on Sunday said it has resumed activities to build its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend work. "Chevron can confirm that it has resumed activities in Pungesti commune," in northeastern Romania, the company said in a statement. On Saturday, hundreds of protesters, mainly villagers from Pungesti, broke through wir ... more | |
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