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| June 02, 2014 |
 Army must do more to protect pipeline: Iraq deputy PM Baghdad (AFP) June 01, 2014 - Iraq's army must do more to protect a northern oil pipeline and should pay as much attention to it as it does to fighting militants, Iraq's top energy official told AFP Sunday. The rare criticism of the security forces comes with the pipeline, which connects the northern province of Kirkuk to the Turkish Mediterranean port of Ceyhan, having been disabled for three months as a result of milit ... more |  |
Turkey 'driven by greed' in Kurd oil row: Iraq deputy PM Baghdad (AFP) June 01, 2014 - Ankara has been "driven by greed" in an escalating row over oil pumped from Iraq's autonomous Kurdish region and shipped overseas via Turkey, Baghdad's top energy official told AFP Sunday. Hussein al-Shahristani, deputy prime minister for energy affairs, also threatened legal action against firms that purchased the "smuggled oil". His remarks represent a significant ratcheting up of rhet ... more |  |
Iraq oil exports continue rebound in May: ministry Baghdad (AFP) June 01, 2014 - Iraqi oil exports rose for a second consecutive month in May, figures showed Sunday, despite a northern pipeline remaining disabled and a central government row with the country's Kurdish region. Crude exports averaged around 2.58 million barrels per day (bpd) last month, all of which were shipped from Iraq's southern export terminals, the oil ministry said in a statement. The sales rais ... more |  |
Oil prices rise after strong Chinese manufacturing data Singapore (AFP) June 02, 2014 - Oil prices rose in Asian trade Monday as data showing strong Chinese manufacturing activity fuelled hopes of a pick-up in demand in the world's top energy consumer. US benchmark, West Texas Intermediate (WTI) for delivery in July gained 44 cents to $103.15 a barrel while Brent North Sea crude for July was up 25 cents to stand at $109.66 a barrel in mid-morning trade. Financial markets i ... more |  |
Reversing oil export ban will drive economic growth, API says Washington (UPI) May 30, 2013 - Even states that don't produce much oil could benefit from the lifting of a 1970s-era export ban, a report prepared for the American Petroleum Institute says. The U.S. government restricted crude oil exports in 1973 in response to an embargo from Arab members of the Organization of Petroleum Exporting Countries. An increase in U.S. oil production has prompted groups like API to call for ... more |  |
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Friends and foes alike weigh in on Department of Energy policies Washington (UPI) May 30, 2013 - A decision on U.S. liquefied natural gas exports is part of an administrative roadblock, congressional leaders say, though environmentalists declared a win. The Department of Energy said Thursday it was proposing to do away with conditional approval for LNG exports and instead decide on whether exports are in the national interest after the Federal Energy Regulatory Commission issues an ... more |  |
More than a year after security scare, Austria's OMV to invest in Tunisian gas Vienna (UPI) May 30, 2013 - Austrian energy company OMV said Friday it was investing $680 million in the Nawara gas field development project in Tunisia. "OMV is fully committed to investing in the development of resources in Tunisia to increase production levels and develop the reserves base," Jaap Huijskes, an executive member of the OMV board, said in a statement Friday. OMV made the final investment dec ... more |  |
Deliveries could begin in 2019 from natural gas export facility in Texas Houston (UPI) May 30, 2013 - U.S. gas company Cheniere Energy said Friday its Spanish counterpart, Iberdrola, agreed to buy liquefied natural gas from a planned export terminal in Texas. Cheniere Energy Chairman Charif Souki said Friday deliveries of as much as 400,000 tons of liquefied natural gas from the planned Corpus Christi export facility could begin by 2019. Iberdrola, he said, "is the first foundati ... more |  |
Libya's oil company has new outlook London (UPI) May 30, 2013 - The chairman of the Libyan National Oil Corp. said the government aims to hold an auction for new oil licenses once political hurdles are cleared. Companies interested in investing in Libya, once a premier North African oil producer, have said the nation's troubled security sector and tough contractual terms are keeping them at bay. NOC Chairman Mustafa Sanallah told potential in ... more |  |
Norway removes Greenpeace ship from contested Arctic drill site Oslo (AFP) May 30, 2014 - Norwegian coastguards on Friday removed a Greenpeace ship from a controversial Arctic drilling site where it was trying to prevent oil explorations, the environmentalist group said. "We are appalled by Norway's decision to end a peaceful and legal protest," Greenpeace activist Sune Scheller said in a statement. "We will not stand by while their drilling rigs destroy our last remaining wi ... more |  |
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Ukraine's justice minister says legal notice given to Russia's Gazprom Kiev, Ukraine (UPI) May 30, 2013 - The drafting of a lawsuit against Russian energy company Gazprom is in the final stages, Ukrainian Justice Minister Pavlo Petronko said. Ukraine has a Friday deadline to settle a debt the Russian energy company says is for $2 billion. No payment means no gas deliveries to Ukraine starting in June, Gazprom officials said. The deadline coincides with a second round of trilateral en ... more |  |
Iran aims to increase energy partnerships with Turkish neighbors Ankara, Turkey (UPI) May 30, 2013 - Iran expects to add to the $10 billion trade relationship with Turkey through further cooperation in the energy sector, Iran's ambassador to Ankara said. Ambassador Aliereza Bigdeli spoke Thursday on bilateral trade during a summit in Ankara. Both countries, he said, are positioned well to take advantage of transit opportunities in the European and Asian energy sectors. Iran has ... more |  |
 Spain okays Repsol plan for Canary Islands exploration Madrid (AFP) May 29, 2014 - The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable". The environment ministry said in a statement it "has issued a favourable environment impact statement". It said the exploration would take place around 60 kilometres (40 miles) from the shor ... more |  |
Annual report shows Vietnamese economy could slow down because of rig tensions Hanoi, Vietnam (UPI) May 30, 2013 - Growth in the Vietnamese economy could slow in part because investors are growing wary of tensions surrounding a Chinese oil rig, an economic report said. China National Offshore Oil Co. in early May dispatched a drilling rig to contested waters about 120 nautical miles off the coast of Vietnam. Tempers flared with both sides accusing the other of acting provocatively in response to the ... 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 |  |
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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 |  |
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 |  |
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 |  |
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 |  |
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 |  |
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