Oil and Gas News

June 05, 2014

Analysis finds gas production increasing just in time for U.S. consumers
Houston (UPI) Jun 4, 2013
U.S. natural gas production from the Lower 48 states in May beat a monthly high set in April by 0.6 percent, analysis shows. Bentek Energy, the forecasting division of energy website Platts, said May production reached 67.7 billion cubic feet per day on average. That beat the previous monthly record set in April. Production peaked May 26 at 68.2 billion cubic feet per day and May's average was 4.6 percent higher year-on-year. "With power utilities clearly anxious about relying on ... read more

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Energy Department says shale production lessens impact of hurricanes Strong growth in onshore U.S. oil and gas production means fewer problems from hurricanes, the analytical arm of the U.S. Energy Department said Wednesday. ... more		Pipeline that could break Russia's hold on EU gas moving forward The Trans-Adriatic gas pipeline for Europe is still moving forward despite decisions from influential stakeholders to leave, a project spokesperson said. ... more		New Zealand report assesses best ways to manage fracking The New Zealand government said Wednesday it could safely develop its petroleum resources safely even if hydraulic fracturing is employed. ... more
				HRW urges DR Congo to investigate attacks on activists Human Rights Watch called Wednesday on the Democratic Republic of Congo to investigate attacks and threats against opponents of a major oil exploration project at one of Africa's oldest national parks. ... more		Total signs $1.1 billion deal to help develop ultra-deep Nigerian waters Offshore drilling company Seadrill Ltd. said it signed a $1.1 billion deal with French energy company Total to help develop reserves in the deep waters off the Nigerian coast. ... more

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Small British company sees big potential in shale oil and gas A small energy company, Union Jack Oil, said there may be as much as 5.4 billion barrels of oil and 2.7 trillion cubic feet of gas in British shale deposits. ... more		Exports of Kurdish oil helped Iraq, Turkish energy minister says Turkey is doing its neighbors in Iraq a favor by hosting the first shipment of oil from the semiautonomous Kurdish north, the Turkish energy minister said. ... more		Trump vows to relaunch Egypt-Ethiopia talks on dam row China's birth rate falls to lowest on record Chile police arrest suspect over deadly wildfires		IEA report says right policies needed as much as right investments It will require $48 trillion in investments through 2035 to meet the world's growing energy needs, the International Energy Agency said Tuesday from Paris. ... more
				Ukraine still owes Gazprom for more than 340 billion cubic feet of gas Ukrainian energy company Naftogaz has yet to pay for more than 340 billion cubic feet of Russian natural gas, a spokesman for Gazprom said Tuesday. ... more		Turkey buys stake in Azeri gas field to break Russia's grip on energy sector 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. ... more

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

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		Elon Musk hints at buying Ryanair amid Starlink spat AST SpaceMobile secures role on MDA SHIELD defense architecture Slingshot to embed AI agent in US Space Force space warfare training		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		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

	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

Greenland truce or Trump win? Davos "framework" pauses tariffs but not the takeover boasts

Greenlanders doubtful over Trump resolution

EU says ready to sign defence and security pact with India

Turkey 'driven by greed' in Kurd oil row: Iraq deputy PM		More than a year after security scare, Austria's OMV to invest in Tunisian gas		Deliveries could begin in 2019 from natural gas export facility in Texas		Libya's oil company has new outlook		Norway removes Greenpeace ship from contested Arctic drill site
Ukraine's justice minister says legal notice given to Russia's Gazprom		Iran aims to increase energy partnerships with Turkish neighbors		Spain okays Repsol plan for Canary Islands exploration		Annual report shows Vietnamese economy could slow down because of rig tensions		Iraq oil exports continue rebound in May: ministry

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

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