Oil and Gas News

July 23, 2014

division starts initial public offering
Houston (UPI) Jul 22, 2013
Oil services company Transocean said Tuesday a spinoff started its initial public offering, trading on the New York Stock Exchange under ticker symbol RIGP. "Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., announced today that it has commenced an initial public offering of 17,500,000 common units," the company said in a statement. Transocean itself reported first quarter 2014 revenues of $2.34 billion, compared with $2.25 billion during th ... read more

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New Arctic disappointment for Norway's Statoil Norway's Statoil has not yet found a viable gas field in the world's northernmost drilling sites, the country's oil industry administrative body said Tuesday, in a new blow for Arctic exploration. ... more		Polish energy company says oil and gas output increasing Oil and natural gas production in Poland increased during the second quarter of the year, state energy company PGNiG said in a Tuesday report. ... more		Putin's economic adviser looking for sanctions relief An adviser to Russian President Vladimir Putin said the government was taking steps to counter the latest round of U.S. sanctions on Russian energy entities. ... more
				Mexican Senate approves most of energy sector reform Legislators in the Mexican government signed off on most of the rules meant to open an oil and gas market controlled by a state monopoly. ... more		LNG exports out of step with low-carbon goals, Sierra Club says U.S. policies on the export of liquefied natural gas are out of step with renewable and climate protection goals, the Sierra Club said. ... more

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Brazil approves extension to work in Amazonian energy basin Brazilian independent energy company HRT said it received the government's consent for a two-year extension to a license in the Amazon jungle. ... more		Gazprom said finances still moving despite new U.S. sanctions Russian energy company Gazprom said it's able to settle all of its payments in Russian and foreign currencies in the face of new U.S. sanctions. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		Chinese tourists abandon Vietnam after oil rig row For years Nguyen Huu Son has guided Chinese tourists around Vietnam's popular coastal city Danang, but a bitter maritime dispute between Hanoi and Beijing means he is now out of work. ... more
				Russia envisions major gas pipeline project for India A Russian gas pipeline along its southern border to India may be among the largest projects of its kind in history, the Russian envoy to New Delhi said. ... more		Statoil puts Norwegian Sea drilling platform back in service Norwegian energy company Statoil said Monday oil and gas operations have resumed at the Njord A platform in the Norwegian Sea after nearly a year. ... more

Jihadists sell Syrian oil to Iraqi businessmen: NGO The jihadist Islamic State is selling oil and liquid gas products extracted from fields under its control in Syria to Iraqi businessmen across the border, a monitoring group said Monday. ... more		Oceana frustrated with U.S. decision on Atlantic energy surveys An ocean advocacy group said it was time to issue a call to action in the wake of a Washington decision to allow energy work in the Atlantic Ocean. ... more		Trump announces new US 'Space Academy' Israel signs with Greece one of its biggest-ever arms sales Middle East war a boon for UAE defence giant with global ambitions		Shell finds few technological barriers for offshore reserves Oil companies have yet to reach the point that technology is limiting access to offshore reserves, a Shell official in charge of deep American waters said. ... more
Delta Airlines secures Bakken crude oil for its Pa. refinery A subsidiary of Delta Air Lines said Monday it signed a five-year deal to send 65,000 barrels of Bakken crude oil per day to its refinery in Trainer, Pa. ... more		PNG LNG project gives lift to Australia's Santos Australian energy company Santos said Friday its second quarter figures improved in part because of the start of an LNG project in Papua New Guinea. ... more		French company EDF signs LNG deal with Cheniere in Texas French energy company EDF agreed to buy liquefied natural gas from an export facility being developed in Texas, Cheniere Energy announced. ... more		U.S. oil production not yet at parity with imports Data from the American Petroleum Institute show the United States is importing more crude oil than it produces from domestic reserves. ... more

	OPEC says Asia-Pacific took most of its crude oil last year Asia-Pacific economies took on more crude oil from OPEC in 2013 than any other region in the world, the organization said in an annual report published Friday. ... more		Iran's oil exports in line with international agreements The U.S. federal government is "comfortable" with the amount of crude oil exported from Iran, a spokeswoman for the State Department said. ... more

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US opens door to East Coast offshore oil and gas drilling		Kremlin brushes off U.S. sanctions on energy sector		Ukraine weathering Russian gas storm, Europe says		Outgoing Gulf Keystone boss praised for Kurdish oil vision		Iraqi Kurds start pumping from seized oilfield: official
Iran says oil exports to Asia in line with contracts		Texas voters to decide on hydraulic fracturing ban		U.S. calls for comprehensive solution to Chinese oil rig row		Claims made by Dana Gas misleading, Kurdish government says		China moves oil rig out of waters claimed by Vietnam

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Oil market enjoys China-inspired gains

War-torn South Sudan gets Chinese weapons delivery

Pirates attack Malaysian tanker in South China Sea

North Dakota calls for federal help in tackling crime

Lebanon scrubs offshore gas auction on revenue disputes

U.S. putting abundance above diversity, IEA warns

Iran sets up committee with Russian energy company Gazprom

Rosneft signs agreement to help sell gas from Amazon jungle

Steam-injection blamed for oil spill at Cold Lake Weapons Range

Oil exports from Yemen curbed after pipeline attack

Oil services company Weatherford keeps 114 rigs after Rosneft deal

Russia to help Cuba wean itself from oil imports

Whiting Petroleum says it's the biggest player in Bakken, Three Forks

Kurdish action against oil fields irresponsible, Baghdad says

Israel to gain geopolitical leverage with offshore gas

Iranian crude oil tankers still restricted by sanctions, director says

Dana Gas claims victory in arbitration case against Kurdistan Regional Government

Oklahoma quakes induced by wastewater injection

IEA: Oil production from OPEC members stable

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