Oil and Gas News

June 06, 2014

Eni signs agreement in Venezuelan gas field seen as one of the largest in the world
Caracas, Venezuela (UPI) Jun 5, 2013
Italian energy company Eni said it signed an agreement to help develop the Perla gas field in Venezeula, one of the largest offshore finds in recent history. Eni CEO Claudio Descalzi met in Caracas with Venezuelan Energy Minister Rafael Ramiriz and Antonio Brufau, the head of Spanish energy company Repsol, to discuss exploiting the Perla field. Billed as one of the largest gas discoveries in the world, Eni said the Perla field off the coast of Venezuela holds an estimated 17 trillion cub ... read more

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Baghdad wants complete control over Iraqi oil, Kurdish prime minister says The Iraqi central government in Baghdad aims to control the issue of oil "completely," the prime minister of the semiautonomous Kurdish government said. ... more		Chinese vessels expand zone of protection around oil rig in disputed waters Chinese authorities have expanded a zone of protection around an oil rig in the South China Sea by about 45 percent, a Vietnamese official said. ... more		N.D. Sen. Hoeven says more scrutiny needed to avoid another Lac-Megantic More inspections are needed to ensure oil delivered on the U.S. rail network is safe, a leading senator from North Dakota said. ... more
				Pipeline to carry gas to Europe from Azerbaijan looking for contractors Potential contractors for the planned Trans-Adriatic pipeline for Europe need to demonstrate "very specific expertise," the project consortium said Thursday. ... more		Analysis finds gas production increasing just in time for U.S. consumers 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. ... 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		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		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

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

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		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		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		More hydraulic fracturing planned for Mississippi Goodrich Petroleum Corp. said Monday it was declaring success with its latest hydraulic fracturing campaign in a shale basin in Mississippi. ... 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		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

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

Oil tensions with China highlight Vietnam's economic vulnerabilities		Algeria eager to replicate U.S. success with shale oil and gas		Army must do more to protect pipeline: Iraq deputy PM		Turkey 'driven by greed' in Kurd oil row: Iraq deputy PM		Turkey buys stake in Azeri gas field to break Russia's grip on energy sector
Marathon Oil unloads its Norwegian assets in $2.7 billion deal		Domestic energy production enough to meet more than 80 percent of U.S. demand		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

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

Statoil divides oil sands interests in Canada with Indonesian counterpart

Libya chaos deepens with Benghazi air strike on jihadists

Exxon, BP Defy White House; Extend Partnership with Russia

Moscow expects to see formal agreements on Kiev gas debt by week's end

The California Shale Bubble Just Burst

State Department spokeswoman says China largely to blame for rig tensions

Scotland could realize vast oil and gas wealth through independence

Better catalysts for the petrochemical industry

Greenpeace ship reaches Arctic drilling site

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