Oil and Gas News

June 12, 2014

OECD urges Canada to hike oil sands taxes
Montreal (AFP) June 11, 2014
The Organization for Economic Cooperation and Development on Wednesday urged Canada to raise taxes on non-renewable resources including its oil reserves, which are the third largest in the world. The organization in an annual report warned that high commodity prices have created "wide regional economic disparities." Strong commodities demand over the past decade has pushed up the Canadian dollar (currently at US$0.92), which has hurt Canadian manufacturers by making their goods more expensive to ... read more

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Jun 05

Soco, WWF strike deal to halt oil drive in Africa's oldest park Environmental campaigners WWF and oil exploration firm Soco International announced Wednesday that the British firm had agreed to halt its hunt for oil in part of Africa's oldest national park. ... more		Australia, U.S. and Canada to dominate future LNG markets The United States and Canada will account for about 8 percent of the global liquefied natural gas market by 2019, the International Energy Agency said. ... more		EIA says summer average price per gallon higher than last year's Gasoline prices through the summer could be as much as 4 cents higher than the same time last year, the U.S. Energy Department said. ... more
				BP uses unmanned aerial system for exploration An unmanned aerial system is performing routine commercial services in Alaska for BP Exploration (Alaska) Inc. for the next five years. ... more		U.S. State Department says Iraqi oil sales forbidden without Baghdad's consent Washington does not support any export or sale of oil from Iraq without consent from the federal government in Baghdad, a State Department spokeswoman said. ... more

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Libyan envoy to OPEC says oil production could more than double It's possible Libyan oil production could more than double to 700,000 barrels per day within the next two months, a Libyan delegate to OPEC said Wednesday. ... more		Top OPEC delegate says oil group can't keep markets stable by itself Maintaining stable global oil market conditions isn't something the Organization of Petroleum Exporting Countries can do alone, a top delegate said Wednesday. ... 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		China set for 'Golden Age' of natural gas 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. ... more
				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

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

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		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		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
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		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

	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

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

Moroccan port authorities told tanker with Kurdish oil to leave their waters		US top court turns down BP bid to halt oil spill payouts		Lundin Petroleum, which spent big on exploration this year, dinged again		Libyan oil production below 200,000 barrels per day		Iran wants to produce 5.7 million barrels of oil per day within three years
Canadian Law Makes It Cheaper To Prevent Oil Sands Leaks Than Clean Them Up		Ukraine, Russia launch crisis talks on gas, insurgency		Vietnam airs video of Chinese ship ramming fishing boat		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

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