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| July 09, 2014 |
 Federal and tribal energy sales on a steady decline, U.S. says Washington (UPI) Jul 8, 2013 - A drop in offshore natural gas production is behind the decline in sales of fossil fuels derived from federal and tribal lands, the U.S. Energy Department said. The U.S. Energy Information Administration, the department's statistical arm, said Monday sales of fossil fuels from federal and tribal lands in fiscal year 2013 were 7 percent below the previous year's sales. "One of the ... more |  |
Energy sector reform in Ukraine needed for more aid, EU says Brussels (UPI) Jul 8, 2013 - Energy sector reform in Ukraine is a condition for further financial support from the European Union, commissioner Stefan Fule said Tuesday from Brussels. Neighborhood Commissioner Fule convened a donor's conference for Ukraine in Brussels. Ukraine's economy is in trouble, though it recently signed free-trade and association agreements with the European Union. The European Commis ... more |  |
Algeria envisions joint energy efforts with Tanzania Algiers, Algeria (UPI) Jul 8, 2013 - Algeria and Tanzania are in the advanced stage of talks regarding three separate energy projects, Algerian Energy Minister Youcef Yousfi said. Yousfi met in Algiers with his Tanzanian counterpart to discuss bilateral energy issues. "Three projects, which had been under discussion between the two countries, are now in an advanced stage and will be carried out in the coming months, ... more |  |
June banner month for U.S. natural gas production, Platts forecasters say Houston (UPI) Jul 8, 2013 - June was a banner month for U.S. natural gas production from the Lower 48 states, a forecasting unit of Platts reported. June natural gas production was up 0.3 percent from May to a total 68.1 billion cubic feet per day, the highest monthly production average on record. Data from Bentek Energy, the forecasting unit of Platts, show June's average was 5.4 percent higher year-on-year and a ... more |  |
Iraq risks ebbing from gasoline market, prices falling, AAA says Washington (UPI) Jul 8, 2013 - Gasoline prices continue to be inflated because of conflict in Iraq but the market seems adjusted and pain at the pump is easing, motor club AAA said. The start of a Sunni-led insurgency in Iraq last month pushed the national average price to $3.70, though prices spiked closer to $4.00 in some retail markets. "Market watchers are keeping a close eye on the situation, but the risk ... more |  |
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Greenpeace blocks Chevron's Romanian shale gas site Pungesti, Romania (AFP) July 07, 2014 - Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third attempt to scupper the drilling operations of US energy group Chevron. Protesters locked hands and sat in front of the entrance to a drilling position in the northeastern village of Pungesti. They prevented a lorry from entering and displayed banners reading "No to fracking". ... more |  |
Maersk taking $1.7 billion loss on Brazilian energy buy Copenhagen, Denmark (UPI) Jul 8, 2013 - Maersk Oil said Tuesday it was giving up on plans in Brazil after taking a $1.7 billion impairment on its assets there. The company in July 2011 bought stakes in three Brazilian reserve areas from SK Energy for $2.4 billion. Maersk said it now views the assets as under-performing based on appraisal drilling results and increased development costs. The company said it decided to m ... more |  |
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 |  |
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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 |  |
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 |  |
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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 |  |
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 |  |
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