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| July 04, 2014 |
 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 |  |
Norway reports high energy activity in its offshore reserves Stavanger, Norway (UPI) Jun 30, 2013 - The Norwegian government said Monday exploration activity on its continental shelf has been robust, with 13 discoveries made so far this year. The Norwegian Petroleum Directorate said 33 exploration wells were drilled as of June 24, which is about 17 percent more than during the same period last year. "Exploration activity on the Norwegian shelf remains vigorous," NPD said in a s ... more |  |
MOL pays $130 million for six North Sea license areas Budapest, Hungary (UPI) Jul 1, 2013 - Hungarian energy company MOL said it expanded its presence on the global exploration and production map with the purchase of North Sea acreage. MOL said it paid $130 million to Premier Oil U.K. Ltd. for six license areas in the central waters of the North Sea. "This acquisition represents a significant step forward in growing a solid sizable North Sea portfolio," Alexander Dodds, ... more |  |
Israeli gas export deal for Egypt reviewed Tel Aviv, Israel (UPI) Jun 30, 2013 - Partners involved in the development of the Leviathan natural gas field off the coast of Israel said they were in talks with BG Group for exports to Egypt. Ratio Oil Exploration and Delek Group Ltd. announced the signing of a non-binding letter of intent with BG Group to export liquefied natural gas from Leviathan to the latter's facilities in Idku, Egypt. "The estimated scope of ... more |  |
Gas prices could spike because of hurricanes in Gulf of Mexico Washington (UPI) Jun 30, 2013 - Tropical storms in the Gulf of Mexico could put more pressure on gasoline prices than conflict in the Middle East, a petroleum analyst at GasBuddy.com said. Motor club AAA said in a mid-June report the Sunni-led insurgency in parts of Iraq was putting pressure on oil prices and creating spikes in retail gasoline prices. Historically, gas prices start to decline in early summer, though o ... more |  |
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Woodside Petroleum lands deal for U.S. LNG Perth, Australia (UPI) Jul 1, 2013 - A Singapore subsidiary of Australian energy company Woodside Petroleum said Tuesday it signed a deal to secure liquefied natural gas from a facility in Texas. "From a geographic, pricing and specification perspective we expect this U.S. LNG to be attractive to LNG purchasers, complement our existing LNG portfolio and allow us to exploit new opportunities," Woodside Chief Executive Offic ... more |  |
Africa's oldest nature park counts on sustainability Matebe, Dr Congo (AFP) June 29, 2014 - People living in and around Africa's oldest wildlife reserve - Virunga National Park - threatened by armed groups and oil prospectors, are pinning their hopes on sustainable development projects for energy, agriculture and tourism. In the region around the park, about 70 kilometres (45 miles) north of Goma in eastern Democratic Republic of Congo, villagers struggle to make ends meet. L ... more |  |
Platts: China's apparent oil demand slumps Houston (UPI) Jun 27, 2013 - Chinese oil demand declined slightly last month reflecting a general slowdown in the Chinese economy, an analysis of government data shows. Energy reporting agency Platts released a report Friday on China's apparent oil demand, which is based on inputs at domestic refineries and net imports. It said apparent oil demand for May declined 0.7 percent year-on-year for an average 9.4 ... more |  |
Encana sells off Bighorn gas assets in Alberta for $1.8 billion Calgary, Alberta (UPI) Jun 27, 2013 - The largest natural gas producer in Canada, Encana Corp., said Friday it was selling off some of its gas interests in Alberta to a counterpart for $1.8 billion. Encana said it was selling its Bighorn assets, comprised of 360,000 net acres of land, pipelines and associated infrastructure, to Jupiter Resources, a company with headquarters in Calgary. "Bighorn is a high quality asse ... more |  |
ONGC said to be considering Russian pipelines New Delhi (UPI) Jun 30, 2013 - A transnational pipeline from Russia though Kazakhstan to India could be on the table for India's energy company ONGC, a managing director said. India's state-owned Oil and Natural Gas Corp. Ltd. said it wants to start playing a larger role in the international energy market. DK Sarraf, chairman and managing director at ONGC, said his company was looking for more exploration opportuniti ... more |  |
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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 |  |
Iraq jihadists 'selling oil to Assad', says France New Delhi (AFP) June 30, 2014 - French Foreign Minister Laurent Fabius said Monday that jihadists spearheading a militant offensive in Iraq have sold oil from captured areas to the regime of Syrian President Bashar al-Assad. Fabius said the sale was evidence of the "confusing" nature of the escalating conflict in the Middle East in which Assad and the jihadists are in theory on opposing sides. The rebels, previously kn ... more |  |
Statoil postpones plans for Barents Sea oil field Stavanger, Norway (UPI) Jun 30, 2013 - Norwegian energy company Statoil said Monday it was postponing a development decision for the multi-million barrel Johan Castberg reserve area. Statoil, along with its partners - Italian energy company Eni and Norway's Petoro - said it decided to review its concept for Johan Castberg reserve area in the Barents Sea. "The companies will continue efforts to mature the technical d ... more |  |
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Consent given to start onshore construction of South Stream pipeline Amsterdam, Netherlands (UPI) Jul 1, 2013 - The consortium managing the planned South Stream natural gas pipeline said Tuesday it's been approved to start construction in Russian territory. "The Russian Ministry of Construction, Housing and Utilities has issued the construction permit for the Russian sector of the South Stream offshore pipeline," the group said in a statement. "In accordance with the permit, South Stream Transpor ... more |  |
Energy sector says New York shale ruling an economic blow Albany, N.Y. (UPI) Jul 1, 2013 - A New York court decision to let cities and towns block hydraulic fracturing is a major blow to the industry, an advocacy group said. The Court of Appeals in Albany ruled in two separate cases that municipalities can use zoning laws to ban hydraulic fracturing within their borders. New York hosts a part of the Marcellus shale formations, one of the premier shale gas basins in the ... more |  |
Fracking flowback could pollute groundwater with heavy metals Ithaca NY (SPX) Jun 30, 2014 - The chemical makeup of wastewater generated by "hydrofracking" could cause the release of tiny particles in soils that often strongly bind heavy metals and pollutants, exacerbating the environmental risks during accidental spills, Cornell University researchers have found. Previous research has shown 10 to 40 percent of the water and chemical solution mixture injected at high pressure into ... more |  |
Another concern arises over groundwater contamination from fracking accidents Washington DC (SPX) Jun 30, 2014 - The oil and gas extraction method known as hydraulic fracturing, or fracking, could potentially contribute more pollutants to groundwater than past research has suggested, according to a new study in ACS' journal Environmental Science and Technology. Scientists are reporting that when spilled or deliberately applied to land, waste fluids from fracking are likely picking up tiny particles i ... more |  |
U.S. gasoline prices bucking trend, moving higher Washington (UPI) Jul 1, 2013 - U.S. retail gasoline prices should be high for much of July, bucking a seasonal trend, a spokesman for motor club AAA said. "It is shaping up to be a hot and expensive summer for gas prices, and we have not even hit the busiest time of the year yet," AAA spokesman Avery Ash said in a Monday report. "It is clear that most drivers will pay high prices as they fill up for their summer road ... more |  |
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