Oil and Gas News

July 15, 2014

Oil services company Weatherford keeps 114 rigs after Rosneft deal
Geneva, Switzerland (UPI) Jul 14, 2013
Oil services company Weatherford International said most of its rigs are positioned in the Middle East after selling off some of its assets to Russia's Rosneft. Oil company Rosneft said it signed a deal to acquire eight companies under Weatherford's control that are involved in drilling operations in Russia and Venezuela. Weatherford President Bernard Duroc-Danner said the deal offers an opportunity to streamline its operations in Russia while focusing its core operations elsewhere. ... read more

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Russia to help Cuba wean itself from oil imports Russian President Vladimir Putin said at the conclusion of a regional visit his government would help Cuba's state oil company develop offshore reserves. ... more		Whiting Petroleum says it's the biggest player in Bakken, Three Forks Whiting Petroleum Corp. said its acquisition of Kodiak Oil & Gas Corp. creates the largest producer in the Bakken and Three Forks region of North Dakota. ... more		Kurdish action against oil fields irresponsible, Baghdad says The Iraqi Oil Ministry said it denounced the takeover of two key crude oil production facilities by Kurdish military forces in the north of the country. ... more
				Israel to gain geopolitical leverage with offshore gas Israel will be able to reap the benefits of energy independence through growing gas reserves at the offshore Leviathan gas field, a development executive said. ... more		Iranian crude oil tankers still restricted by sanctions, director says Iranian crude oil tankers are still restricted by international sanctions because of problems with insurance coverage, an official said Monday. ... more

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Oil exports from Yemen curbed after pipeline attack The Yemeni Oil Ministry said restive tribesmen in Marib province attacked an oil pipeline, cutting exports to a Red Sea terminal. ... more		Dana Gas claims victory in arbitration case against Kurdistan Regional Government Emirati energy company Dana Gas said it should start receiving payments from the Kurdish government in Iraq after winning a case in an international court. ... 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		IEA: Oil production from OPEC members stable Lower oil production from Iraq was offset by gains elsewhere from members of OPEC, the International Energy Agency said Friday. ... more
				Major oil discovery confirmed in Norwegian Sea Norwegian company VNG Norge, the operator, and minority partner Faroe Petroleum confirmed an oil discovery Friday in the Norwegian Sea. ... more		LEGO called on to rethink relationship with Shell Greenpeace said it was calling on LEGO to review its relationship with Royal Dutch Shell because of the oil company's environmental legacy. ... more

Iraq Kurds claim oilfields as bombings kill 28 Iraq's Kurdish region claimed disputed northern oilfields on Friday in another blow to efforts to forge a united front against a jihadist-led onslaught, as twin bombings killed 28 people. ... more		NRDC: EPA decision on HFCs could bring major benefits An EPA decision to ban some types of greenhouse gases will have clear impacts in the fight against climate change, the Natural Resources Defense Council said. ... 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		Halliburton in fracking joint venture in China US oil and gas services giant Halliburton on Friday announced its first joint venture for hydraulic fracturing services in China, teaming up with private Chinese firm SPT Energy Group. ... more
Chevron credits Permian Basin with increased output Chevron said its net U.S. production so far during second quarter 2014 was higher than first quarter in part because of increases from the Permian shale basin. ... more		Africa Petroleum Corp. assessing oil potential offshore Sierra Leone African Petroleum Corp. said Friday it would acquire new data that would help verify promising reserve prospects off the coast of Sierra Leone. ... more		Maverick Synfuels and Petrostar Form Maverick Northstar JV Maverick Synfuels and Petrostar Petroleum have announced the formation of Maverick Northstar, a joint venture to facilitate the deployment and operation of gas-to-liquids (GTL) technology in the Can ... more		Oklahoma quakes induced by wastewater injection The dramatic increase in earthquakes in central Oklahoma since 2009 is likely attributable to subsurface wastewater injection at just a handful of disposal wells, finds a new study to be published i ... more

	Gas exports, aid takes centre-stage as Abe visits PNG Japanese Prime Minister Shinzo Abe arrived in Papua New Guinea Thursday and pledged to continue financial support for the Pacific nation, which is emerging as an important energy source for his country. ... more		Permian beats Bakken as top oil production shale basin The Permian shale basin in the southern United States is the most prolific with output topping 1.3 million barrels per day, the Energy Department 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

OPEC expecting uptick in global economy		Kurdish government of Iraq says it will take legal action against oil buyers		Gazprom Chairman Alexei Miller leads delegation to Croatia		Scientists say BP oil spill to blame for fish lesions in Gulf		U.S. on pace to break 40-year oil production record
Gazprom subsidiary Centrgaz will build pipeline through Serbia		Industry says it's premature to declare Libyan oil victory		Industrial groups call on Kerry to consent to Keystone XL		Iran expecting Russian investments in gas sector		Chevron leaves Lithuanian shale venture behind

EU energy commissioner reviews future of shale natural gas

Federal and tribal energy sales on a steady decline, U.S. says

Energy sector reform in Ukraine needed for more aid, EU says

Algeria envisions joint energy efforts with Tanzania

June banner month for U.S. natural gas production, Platts forecasters say

Iraq risks ebbing from gasoline market, prices falling, AAA says

Greenpeace blocks Chevron's Romanian shale gas site

Maersk taking $1.7 billion loss on Brazilian energy buy

Libyan oil export terminals ready to reopen

Kurdish operations unaffected by Iraqi violence, Oryx Petroelum says

Iran's oil tanker company declares win with sanctions ruling

Harper: Collective efforts showing results one year after Lac-Megantic wreck

Investment outlook good for Turkish sea port, Ceyhan

Total makes strong move in the West of Shetland area

Statoil to increase recovery rate from Oseburg Ost field

Libyan interim prime minister says country's oil crisis is solved

Russian economy could be hurt by falling oil exports

Genel Energy says its oil work in Kurdish north of Iraq secure

Germany could outlaw fracking until 2021: ministers

Greenpeace says LEGO's relationship with Shell is troubling

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