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| May 29, 2014 |
 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 |  |
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 |  |
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 |  |
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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 |  |
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 |  |
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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 |  |
Injuries on the job in Norway's oil and gas sector decline Oslo, Norway (UPI) May 27, 2013 - The number of workplace injuries reported for oil and gas operations in Norwegian territory are in a general decline, a national safety regulator said. Petroleum Safety Authority Norway published data for 2013 for personal injuries on the Norwegian continental shelf for both mobile and permanently-placed facilities. For mobile platforms, the safety authority said injuries reporte ... more |  |
Greenpeace activists board rigs to protest oil drills The Hague (AFP) May 27, 2014 - Greenpeace activists boarded two oil rigs in northern Europe Tuesday to protest against "reckless" plans by multinational companies to drill for oil and gas in the Arctic. In the Dutch port of IJmuiden, members of the environmental group scaled the giant GSP Saturn platform which they say was on its way to the lucrative Dolginskoye oil field in Russia's northern Pechora Sea. They chained ... more | |
French services company Technip to help feed growing Chinese demand for gas Paris (UPI) May 27, 2013 - French energy services company Technip said it secured a contract to help build a liquefied natural gas terminal in China. Chinese company Fengzhen Wanjie Gas Co. Ltd. awarded the contract for the engineering and design work at a plant in Inner Mongolia province that will have a capacity to process about 350,000 tons of LNG per year. "This contract award is another success for us ... more |  |
Russia's Weakened Hand Could Pay Off For Beijing In Major Gas Deal Washington DC (SPX) May 27, 2014 - A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping. In the lead up to Putin's arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas deal a decade in the making, and Russian officials have suggested that the deal will be c ... more |  |
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Dutch arrest six Greenpeace activists over oil drill demos The Hague (AFP) May 27, 2014 - Dutch police on Tuesday arrested six activists as Greenpeace staged two protests in northern Europe including chaining a Russian contracted oil rig to a dock, to highlight oil drilling in the eco-sensitive Arctic oceans. "Police have arrested six of our activists. They are still in custody but we don't know what the charges are," said Faiza Oulahsen, who coordinated the protest in the northw ... more |  |
Oil and gas development homogenizing core-forest bird communities Washington DC (SPX) May 26, 2014 - Conventional oil and gas development in northern Pennsylvania altered bird communities, and the current massive build-out of shale-gas infrastructure may accelerate these changes, according to researchers in Penn State's College of Agricultural Sciences. The commonwealth's Northern Tier - one of the largest blocks of Eastern deciduous forest in the entire Appalachian region - is an important b ... more |  |
Shale development generally helps local government coffers Durham NC (SPX) May 23, 2014 - Oil and gas development from shale fields has generally helped the public finances of local communities, providing new revenues and resources that usually - but not always - outweigh the increased demand for public services and other costs, according to a new analysis from two Duke University researchers. Daniel Raimi and Richard Newell gathered data from communities surrounding 10 oil a ... more |  |
China gas deal a symbolic victory for Russia but won't leave Europe dry Moscow (AFP) May 25, 2014 - The $400 billion gas deal Russia signed with China was a symbolic victory for Moscow as it is locked in a dispute with the West over Ukraine, but the scale of the deal is not as massive as it seems at first blush, according to analysts. The volumes to be shipped east won't cut Russia's dependence on selling gas to the West, nor would they lead to shortages in Europe. Under the 30-year de ... more |  |
U.S. rail regulator said most rail companies following rules for Bakken oil Washington (UPI) May 23, 2013 - The U.S. rail industry is following the rules for shipping Bakken crude oil, though some violations exist on the margins, the nation's top rail regulator said. Last year, the Department of Transportation and the Federal Railroad Administration launched the so-called Bakken Blitz, spot inspections of crude oil shipments by rail to determine if the industry was labeling their cargoes prop ... more |  |
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