Oil and Gas News

June 17, 2014

U.S. led world in oil production growth last year, BP says
London (UPI) Jun 16, 2013
The increase in U.S. oil production last year was the largest annual rise the world has ever seen, BP Chief Economist Christof Ruhl said Monday. The British company published its 63rd annual energy review Monday. In its assessment of the oil sector, BP said Libya was one of the countries hardest hit in terms of production last year. Internal rivalries that grew out of civil war have spilled over into the Libyan oil sector. Production rates are less than 20 percent of their pre-war peak o ... read more

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More than a quarter million barrels of oil per day sent from U.S. The 268,000 barrels of crude oil exported per day from the United States in April was the highest level in 15 years, the Energy Department said Monday. ... more		More than $1 trillion in new money coming to oil in eastern Russia Major investments in oil operations in the eastern part of Russia will boost export potential by 2035, Deputy Prime Minister Arkady Dvorkovich said Monday. ... more		'Encouraging day' for Pakistani gas, OMV says Austrian energy company OMV said Monday getting a new gas facility on stream in Pakistan was a major boost for the country's energy supplies. ... more
				Two idled oil fields in Libya again sending oil to Brega refinery Two Libyan oil fields resumed deliveries to a key refinery in the country following a court order on political stability, two state energy companies said. ... more		Iran's president boasts of increasing oil production Iranian oil production has increased as multilateral nuclear negotiations continue, Iranian President Hassan Rouhani said. ... more

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Modi vows stronger Bhutan energy ties in first foreign visit India's Narendra Modi on Monday pledged stronger energy ties with tiny neighbour Bhutan as he wrapped up his first foreign visit since becoming prime minister, a trip aimed at checking China's influence in the region. ... more		Gazprom switches Ukraine to pre-payment because of overdue gas bills Russia's Gazprom said Monday it switched Ukrainian gas company Naftogaz over to the new payment scheme because of $4.45 billion in overdue bills. ... 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		DR Congo conservationist accused of oil plot A senior Congolese conservationist has been sacked after he was accused of colluding in major oil exploration plans by a British firm in one of Africa's oldest national parks. ... more
				Philippines calls for freeze on actions in S. China Sea The Philippines on Monday called on nations with overlapping claims in the South China Sea to halt all action that could provoke tensions in the area, amid fears of China's expansionism. ... more		Azeri gas a win-win situation, European president says Building a gas corridor from Azerbaijan is just as vital for European energy security as it is Azeri economic development, a top European leader said in Baku. ... more

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

Scientists identify Deepwater Horizon Oil on shore years later Years after the 2010 Deepwater Horizon Oil spill, oil continues to wash ashore as oil-soaked "sand patties," persists in salt marshes abutting the Gulf of Mexico, and questions remain about how much ... more		Oil and gas disruptions from hurricanes could be higher than last year Oil and natural gas disruptions from hurricane activity in the Gulf of Mexico may be much higher than last year, the U.S. Energy Department said Thursday. ... 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		Most non-OPEC oil supplies coming from the United States U.S. oil production should be the main driver of growth outside members of the Organization of Petroleum Exporting Countries, the Energy Department said. ... more
China emerges as new energy 'center of gravity' China's demand for oil and natural gas will be unrivaled within the next two decades, analysis from Wood Mackenzie finds. ... more		British oil company unfazed by violence gripping Iraq Production from the Shaikan oil field in the Kurdish north of Iraq should be at 40,000 barrels per day by year's end, Gulf Keystone Petroleum said Friday. ... more		Are Quebecers irrationally opposed to shale gas? Quebecers are particularly hostile toward the development of shale gas, but this aversion is driven less by 'not in my backyard' (NIMBY) attitudes than 'not in anyone's backyard (NIABY), according t ... more		Paris-based energy agency sees more oil coming from outside OPEC The Paris-based International Energy Agency said Friday global oil supplies rose largely because of output from countries outside of OPEC. ... more

	Norway's Statoil says even a robust renewable energy sector falls short The chief economist at Norwegian energy company Statoil said Friday renewable energy won't be able to satisfy global energy demands. ... more		Beijing accuses Vietnam of ramming vessels over 1,500 times China on Friday said that Vietnamese ships have rammed its vessels more than 1,500 times since early last month, as the two countries increasingly trade accusations over a South China Sea territorial dispute. ... 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

Seven dead, one injured in Mexican platform accident		Russia holds off on further gas talks with EU, Ukraine		Obama's Climate Plan Is Leaking Methane		New research shows Western Amazon under threat from oil pollution		Offshore prospect in Angola to be Total's 'most prolific'
OPEC predicts world may need less of its oil in 2014		British government approves development of North Sea oil field		Kurds take Iraq's Kirkuk, bomb targets minister		Gazprom holds off on making Ukraine pay in advance for natural gas		Economy in shale oil state North Dakota outpacing nation

China disputes Vietnamese claims about oil rig under military escort

OECD urges Canada to hike oil sands taxes

Soco, WWF strike deal to halt oil drive in Africa's oldest park

Australia, U.S. and Canada to dominate future LNG markets

EIA says summer average price per gallon higher than last year's

BP uses unmanned aerial system for exploration

U.S. State Department says Iraqi oil sales forbidden without Baghdad's consent

Libyan envoy to OPEC says oil production could more than double

Top OPEC delegate says oil group can't keep markets stable by itself

China set for 'Golden Age' of natural gas

China wants to set record straight on oil rig dispute

Ukraine increases gas storage by 7 percent from start of June

Canada expecting less oil production by 2030 than previously thought

MOL finds oil in area of Pakistan thought to contain 22 million barrels

Second tanker, United Emblem, left Turkish port loaded with Kurdish oil

Irish company Circle Oil drills its first offshore well in Tunisia

Eni strikes deal to acquire stake offshore South Africa

Caspian operator says management structure changing at one of world's biggest oil fields

Iran claims 4mbpd oil output possible if sanctions lifted

Moscow seeks clarification on new gas pipeline planned for Europe

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