Oil and Gas News

June 03, 2014

Turkey buys stake in Azeri gas field to break Russia's grip on energy sector
Ankara, Turkey (UPI) Jun 2, 2013
Turkey says its move to acquire a stake in the Shah Deniz natural gas field off the coast of Azerbaijan is part of a regional diversification strategy. State-owned Turkish Petroleum Corp. agreed to buy the 10 percent share in Shah Deniz owned by French energy company Total for $1.45 billion. The deal is part of an effort by Turkey to lessen its dependence on Russia, the English-language newspaper Today's Zaman reported Sunday. Russian energy company Gazprom counts Turkey as its second-la ... read more

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Marathon Oil unloads its Norwegian assets in $2.7 billion deal Marathon Oil Corp. said Monday it sold off its Norwegian subsidiary to its Norwegian counterpart, Det Norske, for $2.7 billion. ... more		Domestic energy production enough to meet more than 80 percent of U.S. demand Enough energy was produced in the United States last year to meet more than 80 percent of the nation's demands, the Energy Department said Monday. ... more		Turkey brushes off criticism over Iraqi Kurdish oil Ankara on Monday brushed off criticism from Baghdad that it is being "driven by greed" in an escalating row over oil pumped from Iraq's autonomous Kurdish region and shipped overseas via Turkey. ... more
				Ukraine averts gas crisis by settling some debt with Gazprom Payments for gas deliveries in February and March were made by the Ukrainian government, averting a disruption, the Russian Energy Ministry said Monday. ... more		Gazprom working in Iraq on oil developments Russian oil company Gazprom Neft said Monday it started preliminary oil production from the Badra oil field in Iraq, where it serves as the operator. ... more

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Exxon wins right to explore transboundary oil and gas areas in the Gulf of Mexico Exxon Mobil won the first three oil and gas leases for an area straddling the U.S.-Mexican border in the Gulf of Mexico, the U.S. Interior Department said. ... more		Oil tensions with China highlight Vietnam's economic vulnerabilities Amid tensions over a Chinese oil rig in disputed waters, an economic policy center in Hanoi said Vietnam needs to take steps to reduce its ties to China. ... more		NASA ISRO radar satellite beams first Earth images from space Morocco High Atlas whistle language strives for survival China warns Papua New Guinea over Australian defence deal		Algeria eager to replicate U.S. success with shale oil and gas The Algerian government views shale oil and natural gas as a way to add diversity to its energy sector, Algerian Energy Minister Youcef Yousfi said. ... more
				Army must do more to protect pipeline: Iraq deputy PM 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. ... more		Turkey 'driven by greed' in Kurd oil row: Iraq deputy PM 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. ... more

Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

More than a year after security scare, Austria's OMV to invest in Tunisian gas Austrian energy company OMV said Friday it was investing $680 million in the Nawara gas field development project in Tunisia. ... more		Deliveries could begin in 2019 from natural gas export facility in Texas 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. ... more		Collision of equal sized bodies may explain Mercurys unique composition Gravitino emerges as contender in dark matter search Molecular 'fossils' offer microscopic clues to the origins of life - but they take care to interpret		Libya's oil company has new outlook 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. ... more
Norway removes Greenpeace ship from contested Arctic drill site 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. ... more		Ukraine's justice minister says legal notice given to Russia's Gazprom The drafting of a lawsuit against Russian energy company Gazprom is in the final stages, Ukrainian Justice Minister Pavlo Petronko said. ... more		Iran aims to increase energy partnerships with Turkish neighbors 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. ... more		Spain okays Repsol plan for Canary Islands exploration 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". ... more

	Annual report shows Vietnamese economy could slow down because of rig tensions 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. ... more		Iraq oil exports continue rebound in May: ministry 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. ... more

EU states to hold talks on 'drone wall' to protect bloc

Denmark military intel fails to identify source of drone flights

Lithuania eases rules on shooting down drones

Oil prices rise after strong Chinese manufacturing data		China's Oil Giant At Center Of Corruption Probe		Mexican oil exports to U.S. market at lowest levels since 1993		Visiting Sen. Ben Cardin says China is stoking tensions over oil rig		EU lays out energy plan, to reduce Russia dependence
Gulf of Mexico a 'critical component' of U.S. energy policy, government says		Greenpeace ship reaches Arctic drilling site		Scotland could realize vast oil and gas wealth through independence		Moscow expects to see formal agreements on Kiev gas debt by week's end		The California Shale Bubble Just Burst

Exxon, BP Defy White House; Extend Partnership with Russia

State Department spokeswoman says China largely to blame for rig tensions

Libya chaos deepens with Benghazi air strike on jihadists

Better catalysts for the petrochemical industry

Statoil divides oil sands interests in Canada with Indonesian counterpart

British government blames mine closures, offshore woes, for declining production

Shell makes its first LNG sale to Japan's third-largest utility company

Reversing oil export ban will drive economic growth, API says

Friends and foes alike weigh in on Department of Energy policies

Fukushima disaster means Japan needs more gas from new resource

How Turkey's regional ambitions tie into disputes over Iraqi oil

BP says most contracts awarded for gas field meant to break Russia's European grip

Russian energy company will keep gas flowing under proposed Ukrainian gas deal

Injuries on the job in Norway's oil and gas sector decline

Greenpeace activists board rigs to protest oil drills

French services company Technip to help feed growing Chinese demand for gas

Russia's Weakened Hand Could Pay Off For Beijing In Major Gas Deal

Dutch arrest six Greenpeace activists over oil drill demos

Oil and gas development homogenizing core-forest bird communities

Shale development generally helps local government coffers

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