Oil and Gas News

June 24, 2014

Russia and Serbia reaffirm need to implement South Stream project
Moscow (Voice of Russia) Jun 24, 2014
Leaders of Russia and Serbia reaffirm the need to implement the South Stream project, the Russia's Foreign Minister Sergei Lavrov said. The agreements between Moscow and Belgrade regarding the timeline of the South Stream pipeline construction remain in effect, Russian Foreign Minister Sergei Lavrov said. "All decisions made up until now remain in effect. No changes occurred in the plans of Russia and Serbia, which the two countries' companies have set. And we assume that everything remains the wa ... read more

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Russia sees no evidence of gas theft in Ukraine There's no evidence to suggest Russian natural gas bound for Europe was siphoned off during transit through Ukraine, the Russian Energy Ministry said Monday. ... more		Nine tankers loaded with oil slip track in Russia Law enforcement officials in Russia said nine rail cars carrying crude oil derailed near the Black Sea port city of Novorossiysk. ... more		BP oil spill slows swimming speed of juvenile mahi-mahi Juvenile mahi-mahi - a favorite fish among foodies and fishermen, and one the fastest in the Gulf of Mexico - exposed to BP's 2010 oil spill swim at just about half the pace of their uncontaminated, still-speedy brethren. ... more
				Lundin verifying petroleum potential in Luno II area of North Sea Swedish energy company Lundin Petroleum said Monday it started drilling into the Luno II discovery off the Norwegian coast to assess its reserve potential. ... more		Iran says it can step in should Iraqi oil sector falter Iran has the ability to make up for any supply issues stemming from ongoing conflict in neighboring Iraq, the Iranian oil minister said. ... more

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French company GDF Suez signs LNG agreement in Indonesia French energy company GDF Suez said Monday it was looking at the prospects for building an onshore liquefied natural gas terminal in Indonesia. ... more		Vietnam issues request to China to move oil rig and escort vessels Vietnam's official media reports a request was sent to the Chinese side asking they remove the oil rig positioned in disputed maritime territory. ... 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		British energy body says safety could be better offshore The British offshore oil and gas sector is not where it needs to be in terms of preventing releases, industry body Oil & Gas U.K. said in a report. ... more
				Russian minister said using energy for political gain a bad move Russian Energy Minister Alexander Novak said using energy for geopolitical gain leads to market instability and a poor investment climate. ... more		House leaders says gas prices would drop through their measure Members of the House of Representatives said U.S. consumers would pay less at the pump if a bill in support of expanded domestic energy production passed. ... more

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Louisiana gas export terminal clears regulatory milestone The last regulatory milestone was cleared to start building a $9 million liquefied natural gas terminal in Louisiana, Sempra Energy announced. ... more		Kurdish oil contracts made on international commercial market basis The semiautonomous Kurdish government in northern Iraq said it's delivering oil to its customers under contracts that are commercially viable. ... 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		Beware ISIL, Iran's Rouhani warns 'petrodollar' states Iran's President Hassan Rouhani warned on Sunday that Muslim states which funnel petrodollars to jihadist Sunni fighters wreaking havoc in Iraq will become their next target. ... more
Russian Arctic: a new promised land for oil giants Tens of degrees below zero during winter and home to endangered species and remote infrastructure - welcome to the Russian Arctic, a new promised land for oil companies despite clear obstacles. ... more		Beijing sends more oil rigs to South China Sea China is sending another four oil rigs to the South China Sea, state media and authorities said Friday, as Beijing and Hanoi trade accusations over an increasingly heated territorial row. ... more		China to relocate some workers in oil supplier Iraq: ministry China is to relocate some workers in Iraq - where it is the biggest foreign investor in the oil industry - in the face of spreading violence, the foreign ministry said Thursday. ... more		Latest gas find is at least of 3 trillion cubic feet With the latest discovery of natural gas, Tanzania is quickly becoming a key exploration asset for Statoil, a senior vice president for the region said. ... more

	Philippines seeks speedy UN ruling on China sea dispute The Philippines said Thursday it would ask a UN tribunal to speed up its appeal to declare China's expansive claims to the South China Sea invalid. ... more		EIA says year-on-year oil imports down for U.S., though weekly levels up U.S. crude oil imports are lower than they were last year, though short-term data show an increase, the U.S. Energy Information Administration said. ... 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

Santos, GDF Suez back to drawing board for Australian gas		Ireland readies for 2015 offshore licensing round		Gazprom says first welds for Chinese gas pipeline expected by August		Canada sees good progress in safety for crude oil transport by rail		Water used in oil recovery in North Dakota spilled
China, Vietnam work to resolve oil and maritime disputes		China and U.K. 'stand united' on energy security, minister says		Canada approves pipeline to Pacific Ocean, with conditions		Irish government increases taxes on oil exploration and production		North Dakota oil production reaches milestone with 1,001,149 bpd

US sees no 'major disruption' to Iraqi oil supplies

Russian power sector needs focus, IEA says

Oil arm of Russia's Gazprom prepares for arctic drilling campaign

OPEC remains vital, but will struggle going forward, IEA says

Polish gas pipeline project vital for European energy sector

New oil tanker booked by Kinder Morgan

Norwegian oil production 2 percent higher than anticipated

Turkey's energy minister says to expect third shipment of Kurdish oil

Canada approves pipeline to Pacific Ocean, with conditions

Shell sells off stake in Australian company Woodside Petroleum

BP says to sign $20bn gas supply contract with China

Top Chinese diplomat to hold talks in Vietnam: Beijing

ISA and PRIMAVERA BSS launched an integrated solution

U.S. led world in oil production growth last year, BP says

More than a quarter million barrels of oil per day sent from U.S.

More than $1 trillion in new money coming to oil in eastern Russia

'Encouraging day' for Pakistani gas, OMV says

Two idled oil fields in Libya again sending oil to Brega refinery

Iran's president boasts of increasing oil production

Modi vows stronger Bhutan energy ties in first foreign visit

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