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| May 30, 2014 |
 Better catalysts for the petrochemical industry Zurich, Switzerland (SPX) May 30, 2014 - Zeolites are among the substances which can accelerate chemical reactions - they are known as catalysts. Usually applied in pellet form, the industrial production of gasoline from crude oil without zeolites is today inconceivable. The chemical reactions occur on their surface. Fortunately, these are very large for zeolites: the catalysts are interspersed with nano-sized pores and microscop ... more |  |
China's Oil Giant At Center Of Corruption Probe Washington DC (SPX) May 30, 2014 - Grins were on the faces of China National Petroleum executives this week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China's oil and gas webs and one of Eurasia's biggest energy investors. For some, however, those grins could soon turn to grimaces, because the deal comes against a backdrop of a series ... more |  |
British government blames mine closures, offshore woes, for declining production London (UPI) May 29, 2013 - Total production of natural resources in the United Kingdom fell because of mine closures and offshore field declines, the government said Thursday. The British government published a report on energy in the country, saying oil production declined by 8.8 percent between 2012 and 2013. Production during the fourth quarter of 2013, however, was 1.2 percent higher year-on-year. For ... more |  |
Shell makes its first LNG sale to Japan's third-largest utility company Amsterdam, Netherlands (UPI) May 29, 2013 - The third largest electric company in Japan, Chubu Electric Power Co., will start receiving liquefied natural gas under a 20-year deal, Shell said Thursday. "Shell has a long history of supplying natural gas to Japan, and this agreement demonstrates our continued commitment to the country," Maarten Wetselaar, executive vice president for Shell's integrated gas, said in a statement Thurs ... more |  |
Gulf of Mexico a 'critical component' of U.S. energy policy, government says New Orleans (UPI) May 29, 2013 - The U.S. energy portfolio continues to count on the Gulf of Mexico as a "critical component," visiting U.S. Deputy Interior Secretary Mike Connor said. Connor spent two days in New Orleans visiting oil and gas production facilities in the region as part of the government's quadrennial energy review. The energy review, established in January, is aimed at developing a multiyear roa ... more |  |
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Moscow expects to see formal agreements on Kiev gas debt by week's end Moscow (UPI) May 29, 2013 - An agreement on gas debt between Ukraine and Russian energy company Gazprom may be finalized by the end of the week, a negotiator said Thursday. Russian Energy Minister Alexander Novak met this week with European Energy Commissioner Gunther Oettinger and Ukrainian Energy Minister Yuri Prodan to discuss ongoing debt issues. A proposal brokered during this week's meetings calls on ... more |  |
Visiting Sen. Ben Cardin says China is stoking tensions over oil rig Hanoi, Vietnam (UPI) May 29, 2013 - China should work to calm the row over a drilling rig deployed in waters disputed by Vietnam rather than acting provocatively, a visiting U.S. senator said. The U.S. government this week expressed concern on word a Vietnamese boat capsized this week after it was allegedly rammed by a Chinese vessel near a Chinese oil rig deployed in disputed waters. The row erupted in early May w ... more |  |
Statoil divides oil sands interests in Canada with Indonesian counterpart Stavanger, Norway (UPI) May 29, 2013 - Norwegian energy company Statoil said Thursday it paid an Indonesian counterpart $200 million to split up oil sands interests in Alberta, Canada. Statoil and PTT Exploration and Production divided their interests in the Kai Kos Dehseh oil sands project in Alberta. Both sides under the terms of the agreement take full control of individual development projects within the area of interest ... more |  |
Exxon, BP Defy White House; Extend Partnership with Russia Washington DC (SPX) May 29, 2014 - Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft - Russia's state-owned oil company - to extend and deepen their relationships for energy exploration. The U.S. slapped sanctions on Rosneft's CEO Igor Sechin in late April, freezing his assets and pr ... more |  |
The California Shale Bubble Just Burst Washington DC (SPX) May 29, 2014 - The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) - the statistical arm of the Department of Energy - has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96 percent. Its previous estimate pegged the recoverable resource in Californ ... more |  |
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Greenpeace ship reaches Arctic drilling site Oslo (AFP) May 29, 2014 - A Greenpeace ship arrived Thursday at the Arctic site where Statoil is sending an oil rig in an attempt to stop the drilling, the environmental group said. "The Esperanza is a small ship but we are determined to stay on top of this drilling site and stop Statoil," Greenpeace Arctic campaigner Sune Scheller said in a statement. Greenpeace said the vessel is occupying the exact location wh ... more |  |
Scotland could realize vast oil and gas wealth through independence Edinburgh, Scotland (UPI) May 28, 2013 - Oil and natural gas wealth in the North Sea is expected to become major financial asset for Scotland on independence, the finance secretary said Wednesday. "North Sea oil and gas is a fantastic natural asset which has a great future for many decades to come," Scottish Finance Secretary John Swinney said in a statement. Scotland holds a referendum for independence from the United ... more |  |
Mexican oil exports to U.S. market at lowest levels since 1993 Washington (UPI) May 28, 2013 - Though it's still the third-largest source of foreign crude, imports from Mexico are at their lowest levels in a decade, the U.S. Energy Department said. The U.S. Energy Information Administration, the statistical arm of the Energy Department, said the United States imported 850,000 barrels of oil per day from Mexico last year, the lowest level since 1993. The trend has developed ... more |  |
EU lays out energy plan, to reduce Russia dependence Brussels (AFP) May 28, 2014 - The European Commission laid out plans Wednesday to cut the EU's costly reliance on energy imports, especially from Russia which has threatened to halt gas supplies to Ukraine, a key transit point for Europe. A report prepared for European Union leaders recommended a broad series of measures to promote indigenous sources, including renewables and nuclear energy, and to make progress on a sin ... more |  |
Libya chaos deepens with Benghazi air strike on jihadists Tripoli (AFP) May 28, 2014 - A rogue Libyan ex-general resumed air strikes on jihadists in the city of Benghazi Wednesday, while gunmen attacked an interior ministry team in Tripoli tasked with protecting the outgoing government. Amid the ever-worsening insecurity in the North African country, Washington urged US citizens there to leave "immediately" and was even readying a possible evacuation of its embassy. And ou ... more |  |
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State Department spokeswoman says China largely to blame for rig tensions Washington (UPI) May 28, 2013 - China is to blame for most of the tensions surrounding the deployment of an oil rig in the South China Sea, a spokeswoman for the U.S. State Department said. A Vietnamese fishing boat capsized this week after it struck a Chinese vessel near a Chinese oil rig deployed in disputed waters. Reacting to reports the Chinese intentionally rammed the Vietnamese boat, State Department spo ... more |  |
Fukushima disaster means Japan needs more gas from new resource Port Moresby, Papua New Guinea (UPI) May 27, 2013 - Japan will receive the first shipment of liquefied natural gas from a project led by Exxon Mobil in Papua New Guinea, project developers said. Tokyo Electric Power Co. bought the first cargo of LNG from the partnership in charge of the $19 billion facility. The Japanese energy sector has taken on more LNG in response to the shortage of power brought on by the 2011 meltdown at the ... more |  |
How Turkey's regional ambitions tie into disputes over Iraqi oil Istanbul, Turkey (UPI) May 27, 2013 - Turkey is flexing diplomatic muscle and showing it's ready to position itself as a key energy hub with the export of Kurdish oil, an international analyst said. The semiautonomous Kurdistan Regional Government confirmed in a statement Friday a tanker loaded with more than 1 million barrels of crude oil left a Turkish port, the first of what it said would be "many such sales of oil" from ... more |  |
BP says most contracts awarded for gas field meant to break Russia's European grip Baku, Azerbaijan (UPI) May 27, 2013 - \Most of the contracts for a natural gas pipeline from Azerbaijan to Europe have now been awarded, BP regional President Gordon Birrell said. BP and the South Caucasus Pipeline Co. awarded $735 million in contracts for the construction of more than 300 miles of pipelines and associated infrastructure in Azerbaijan and Georgia to a group led by a joint venture between Italian company Sai ... more |  |
Russian energy company will keep gas flowing under proposed Ukrainian gas deal Brussels (UPI) May 27, 2013 - Russian energy company Gazprom agrees to keep gas flowing through Ukraine for June without pre-payment from Ukraine, the European Union said. European Energy Commissioner Gunther Oettinger met with Russian Energy Minister Alexander Novak and his Ukrainian counterpart, Yuri Prodan, to settle lingering issues in the Ukrainian natural gas sector. The European Commission said Monday ... more |  |
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