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| July 08, 2014 |
 EU energy commissioner reviews future of shale natural gas Berlin (UPI) Jul 7, 2013 - Shale could eventually meet about 10 percent of the energy demand among European nations, European Energy Commissioner Gunther Oettinger said. Oettinger said companies with reservations about hydrualic fracturing, the controversial drilling practice dubbed fracking, should keep all options on the table. "I estimate that Europe has the potential to secure about a tenth of our need ... more |  |
Russian economy could be hurt by falling oil exports Moscow (UPI) Jul 7, 2013 - An anticipated drop in oil production by 2016 is expected to hurt the Russian economy, the Russian Finance Ministry said Monday. The ministry said Monday it expects a $4.5 billion decline in oil export revenue because of an anticipated 6.3 percent drop in oil production from 2014 figures. The ministry said the federal budget next year will receive about $2.2 billion less than exp ... more |  |
Libyan oil export terminals ready to reopen Tripoli, Libya (UPI) Jul 7, 2013 - More than half of Libya's oil export potential may be back online after rebel forces handed over control of two key ports, the Libyan National Oil Co. said. Ras Lanuf and Es Sider, two oil ports that account for as much as half of Libya's full export potential of 1.3 million barrels per day, were handed over to government control last week. Mohammad el-Harari, a spokesman for the state- ... more |  |
Kurdish operations unaffected by Iraqi violence, Oryx Petroelum says Calgary, Alberta (UPI) Jul 7, 2013 - Canadian energy company Oryx Petroleum said Monday its operations in the Kurdish north of Iraq were unaffected by violence in the rest of the country. The Sunni-led Islamic State of Iraq and Syria declared an Islamist state in parts of Iraq in June after taking control of key cities in the north of the country. The northern provinces that make up the semiautonomous Kurdish region have b ... more |  |
Iran's oil tanker company declares win with sanctions ruling Tehran (UPI) Jul 7, 2013 - The company transporting Iranian crude oil to export markets should return to the European stage following an EU court decision last week, its director said. Ali Akbar Safaei, managing director of the National Iranian Tanker Co., said his company should make a strong recovery following a ruling from the European courts last week. "NITC could regain its status in the European mark ... more |  |
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Harper: Collective efforts showing results one year after Lac-Megantic wreck Ottawa (UPI) Jul 7, 2013 - Canadian Prime Minister Stephen Harper said all Canadians have coordinated their efforts to respond to last year's deadly derailment in Lac-Megantic, Quebec. Sunday marked the first anniversary of the derailment of a train carrying crude oil from the Bakken reserve area in North Dakota through the Quebec city. The disaster left more than 40 people dead. Harper issued a statement ... more |  |
Investment outlook good for Turkish sea port, Ceyhan Ceyhan, Turkey (UPI) Jul 7, 2013 - The Turkish sea port of Ceyhan has a bright future as a regional hub for Caspian and Iraqi oil, a Turkish business representative said Monday. Ceyhan is the terminal point for the Baku-Tbilisi-Ceyhan oil pipeline from the giant Azeri-Chirag-Gunashli field in the Caspian Sea and the Kirkuk-Ceyhan oil pipeline from northern Iraq. Seref Can, president of the Ceyhan Chamber of Commer ... more |  |
Total makes strong move in the West of Shetland area Paris (UPI) Jul 3, 2013 - French energy company Total said Thursday it set up a solid foundation in the West of Shetland area with new development decisions. Total, alongside its partners at state-controlled Danish energy company DONG, said it decided to start developing the Edradour gas field in the West of Shetland area and take on a 60 percent stake in the nearby Glenlivet discovery. "Total is establis ... more |  |
Statoil to increase recovery rate from Oseburg Ost field Stavanger, Norway (UPI) Jul 3, 2013 - Norwegian energy company Statoil said Thursday it expects to extend the lifespan of its offshore Oseburg Ost field with a new drilling campaign next year. "We are expecting to increase the recovery rate on Oseberg Ost from around 20 percent to up to 30 percent when we drill the first planned wells," Kjetil Hove, a senior vice president in charge of the Norwegian business area, said in a ... more |  |
Libyan interim prime minister says country's oil crisis is solved Tripoli, Libya (UPI) Jul 3, 2013 - The Libyan government has regained control over two key oil terminals in the east of the country, the acting prime minister said. Rebels in eastern Libya last year seized control over the Ras Lanuf and Sidra oil terminals. Acting Prime Minister Abdullah al-Thani said control over the terminals was regained after negotiating with eastern rebel movements. "We have successfully reac ... more |  |
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Genel Energy says its oil work in Kurdish north of Iraq secure London (UPI) Jul 3, 2013 - Turkish energy company Genel Energy said Thursday its oil operations in the Kurdish region of northern Iraq are "safe and secure." Genel said in a Thursday update on its operations in the Kurdish region of Iraq combined gross production from the Taq Taq and Tawke fields was 229,000 barrels of oil per day for June. The company in March blamed a 2013 fire at the Taq Taq field and " ... more | |
Germany could outlaw fracking until 2021: ministers Berlin (AFP) July 04, 2014 - Germany could ban fracking until at least 2021 and strictly regulate the use of any such technology in future under policy proposals drawn up by the economy and environment ministers. Economy Minister Sigmar Gabriel and Environment Minister Barbara Hendricks in a letter laid out government plans to outlaw hydraulic fracturing above a depth of 3,000 metres (9,800 feet) for the next seven year ... more |  |
Greenpeace says LEGO's relationship with Shell is troubling London (UPI) Jul 1, 2013 - Advocacy group Greenpeace International took a swipe Tuesday at LEGO for putting the logo of Royal Dutch Shell on its children's toys. Greenpeace published a 15-page pamphlet expressing concern over a decision by LEGO to put Shell images on toys available at service stations operated by the energy company. The advocacy group said Shell is building brand loyalty with the next gene ... more |  |
Russia is a gas supplier of choice, Gazprom says Moscow (UPI) Jul 1, 2013 - Foreign consumers continue to turn to Russia as the natural gas supplier of choice, the chairman of Russian energy company Gazprom said. Gazprom Chief Executive Officer Alexei Miller said Tuesday the volume of natural gas exports to European consumers was up 2.8 percent year-on-year. "This demonstrates that foreign consumers continue to choose Russian gas," he said. Gas ex ... more |  |
Oklahoma quake surge linked to gas wastewater wells Jones, Ohio (UPI) Jul 3, 2013 - The saline wastewater - a byproduct of the oil and gas industry - that's injected deep into the ground under intense pressure and high rates of speed, is responsible for the surge of earthquakes in Oklahoma, according to a new study published this week in Science Magazine. In recent years, Oklahoma has featured more earthquakes than anywhere else in the United States - even more than ... more |  |
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Senate Democrats want clarification of oil export laws Washington (UPI) Jul 3, 2013 - There may have been some violations of the ban on crude oil exports from the United States, two Democratic senators told the Commerce Department. Pioneer Natural Resources and Enterprise Products Partners were authorized last month by the U.S. Bureau of Industry and Security, a division of the Commerce Department, to export so-called condensate. Crude oil exports are banned under ... more |  |
Fire at Ohio shale well forces resident evacuations Stavanger, Norway (UPI) Jun 30, 2013 - No injuries were reported when above-ground equipment at a shale reserve area caught fire in Monroe County, Ohio, Norwegian energy company Statoil said. Statoil provided updates Sunday about the fire at the Eisnebarth well in Monroe County in southeastern Ohio. The blaze was limited to surface equipment and did not spread below ground to the well itself. All personnel working at ... more |  |
Sanchez Energy closes on Eagle Ford shale deal Houston (UPI) Jul 1, 2013 - Sanchez Energy Corp., a U.S. company focused on shale in the Gulf Coast region, said it made a strategic move by buying acreage in the Eagle Ford shale. Sanchez Energy Corp. said it closed on a deal with a subsidiary of Royal Dutch Shell to buy acreage in the Eagle Ford shale in the southern United States. "This strategic acquisition adds significant reserves, production and futu ... more |  |
Russia seeks UN ban on Syrian 'terrorist' oil sales United Nations, United States (AFP) July 01, 2014 - Russia urged UN Security Council members Monday to back a draft statement to bar crude oil sales by "terrorist groups" in Syria, including as the Islamic State of Iraq and the Levant The text voices the council's concern at oil fields in Syria being seized by militants, and cites ISIL and Al-Nusra Front. The draft statement, which could be discussed in the coming days, would have to be a ... more |  |
Providence Resources starts Irish seismic surveys Dublin, Ireland (UPI) Jun 30, 2013 - Irish oil and gas explorer Providence Resources said Monday it started surveying operations off the Irish coast in the so-called Porcupine basin. The company started a 3D seismic survey of the Dromberg oil prospect in a basin located about 130 miles off the western coast of Ireland. Providence said in a statement the survey is one of the largest of its kind ever carried out in Ir ... more |  |
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