Oil and Gas News

June 11, 2014

China set for 'Golden Age' of natural gas
Paris (AFP) June 10, 2014
Demand for natural gas is set to nearly double within five years in China but the emerging market giant will meet half that with domestic supplies, the International Energy Agency said Tuesday. In its latest medium-term forecasts for the natural gas sector, the IEA trimmed its five-year outlook for consumption by 0.2 points to an annual increase of 2.2 percent as European countries step up use of renewable energy. However, it said demand for cleaner-burning natural gas was likely to grow in Chin ... read more

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China wants to set record straight on oil rig dispute The Chinese government said it would set the record straight on disputes with Vietnam over an oil rig positioned in the South China Sea. ... more		Ukraine increases gas storage by 7 percent from start of June Ukraine boosted its gas storage capacity by 7 percent for the week ending June 6 and storage tanks are filled to about 40 percent, data show. ... more		Canada expecting less oil production by 2030 than previously thought The Canadian Association of Petroleum Producers said 2014 estimates for oil production to 2030 are down more than 7 percent from the previous year. ... more
				MOL finds oil in area of Pakistan thought to contain 22 million barrels Hungarian energy company MOL said Tuesday it made an oil discovery in an area in Pakistan close to estimated reserves of 22 million barrels. ... more		Second tanker, United Emblem, left Turkish port loaded with Kurdish oil Maritime shipping data show an oil tanker, United Emblem, left the Turkish port of Ceyhan loaded with a cargo of oil taken from the Kurdish north of Iraq. ... more

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Irish company Circle Oil drills its first offshore well in Tunisia Circle Oil, an Irish exploration company with a focus on the Middle East, said it started an offshore drilling campaign in Tunisia, its first. ... more		Eni strikes deal to acquire stake offshore South Africa Italian energy company Eni said Tuesday it was taking on an operator role on South Africa's coast after striking a deal with the country's Sasol Petroleum. ... 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		Caspian operator says management structure changing at one of world's biggest oil fields The Caspian company in control of the Kashagan oil field offshore Kazakhstan said it would change the corporate structure managing the troubled reserve area. ... more
				Iran claims 4mbpd oil output possible if sanctions lifted Iran's oil output could reach 4.0 million barrels per day in "less than three months" if Western sanctions are lifted over its nuclear energy programme, Oil Minister Bijan Zanganeh said Tuesday. ... more		Ukraine, Russia launch crisis talks on gas, insurgency Ukraine launched delicate dual-track diplomatic negotiations with Russia on Monday aimed at averting a debilitating gas cut and ending a bloody separatist insurgency by the end of the week. ... more

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

Moscow seeks clarification on new gas pipeline planned for Europe It's too early to comment on word the Bulgarian government has backed out of the planned South Stream gas pipeline, a Kremlin spokesman said Monday. ... more		Nigeria views Europe as a good market for natural gas The top executive at a state-owned energy company in Nigeria said the European market is a good one for its abundant natural gas reserves. ... 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		Moroccan port authorities told tanker with Kurdish oil to leave their waters Shipping data show tanker United Leadership, loaded with oil from the Kurdish north of Iraq, is still in the Atlantic Ocean because of Moroccan port issues. ... more
US top court turns down BP bid to halt oil spill payouts The US Supreme Court on Monday turned down a bid by BP to halt making compensation payments linked to the 2010 oil spill in the Gulf of Mexico. ... more		Lundin Petroleum, which spent big on exploration this year, dinged again Lundin Petroleum said Monday progress at the Brynhild field in Norwegian waters was delayed because of Shell's issues in the British sector. ... more		Libyan oil production below 200,000 barrels per day The Libyan government estimates crude oil exports are below 200,000 barrels per day because of ongoing internal political issues. ... more		Iran wants to produce 5.7 million barrels of oil per day within three years Iranian Oil Minister Bijan Zanganeh said his country aims to more than double its crude oil production within the next three years. ... more

	Canadian Law Makes It Cheaper To Prevent Oil Sands Leaks Than Clean Them Up As the Canadian government pushes a new law rendering pipeline companies liable for all damages from leaks and spills, the only friend to both sides in this polarized world of dirty oil sands is lea ... more		Vietnam airs video of Chinese ship ramming fishing boat Vietnam has released dramatic footage showing a large Chinese ship chasing and ramming one of its fishing boats which then sank near an oil rig in contested waters. ... 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

British energy minister, Queen Elizabeth question shale's role in energy mix		Phillips 66 buys what it says is the largest oil storage facility in its portfolio		More oil transported by U.S. rail than ever before		Turkish media reports second tanker of Kurdish oil has set sail		Russia's Lukoil adds pipelines to Iraqi oil field contract
'Very clear' the Vietnamese are creating problems over rig, Beijing says		Greenpeace gets protest ship Arctic Sunrise back from Russian authorities		Eni signs agreement in Venezuelan gas field seen as one of the largest in the world		Baghdad wants complete control over Iraqi oil, Kurdish prime minister says		Chinese vessels expand zone of protection around oil rig in disputed waters

N.D. Sen. Hoeven says more scrutiny needed to avoid another Lac-Megantic

Pipeline to carry gas to Europe from Azerbaijan looking for contractors

Analysis finds gas production increasing just in time for U.S. consumers

Energy Department says shale production lessens impact of hurricanes

Pipeline that could break Russia's hold on EU gas moving forward

New Zealand report assesses best ways to manage fracking

HRW urges DR Congo to investigate attacks on activists

Total signs $1.1 billion deal to help develop ultra-deep Nigerian waters

Small British company sees big potential in shale oil and gas

Exports of Kurdish oil helped Iraq, Turkish energy minister says

IEA report says right policies needed as much as right investments

Ukraine still owes Gazprom for more than 340 billion cubic feet of gas

More hydraulic fracturing planned for Mississippi

Turkey brushes off criticism over Iraqi Kurdish oil

Ukraine averts gas crisis by settling some debt with Gazprom

Gazprom working in Iraq on oil developments

Exxon wins right to explore transboundary oil and gas areas in the Gulf of Mexico

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

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