Oil and Gas News

July 25, 2014

As Russia's Isolation Grows, Oil Companies Caught in Middle
Washington DC (SPX) Jul 25, 2014
The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that could spell trouble for several major oil companies operating in Russia. Just one day earlier, U.S. President Barack Obama slapped sanctions on Russia over its ongoing role in the destabilization of Ukraine. The sanctions prohibited American banks from issuing loans with a maturity of over 90 days to four key Russian companies - Rosneft, Novatek, Gazprombank, and VE ... read more

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Statoil makes debut in deep Colombian waters Norwegian energy company Statoil said it was taking a strategic bet by gaining early access to deepwater reserves off the coast of Colombia. ... more		EIA says oil, not natural gas, top source of Russian export revenue Russia receives more revenue from the export of crude oil and petroleum products than it does from natural gas, the U.S. Energy Department said. ... more		North Dakota wonders if oil train proposals are workable North Dakota's governor said new proposals for oil train safety need review, while the industry itself said concerns over North Dakota's oil are without merit. ... more
				Iraq oil exports dip after jihadist offensive Iraq exported 2.42 million barrels of oil per day in June, the month of a jihadist offensive, the oil ministry said, falling far short of a budgeted projection of 3.4 million bpd. ... more		European energy chief stumps for energy security plans The European Union needs an ambitious set of policies in place to increase security related to its energy supplies, the European energy commissioner said. ... more

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Greenpeace stages Chile protest over Shell-Lego deal Greenpeace activists protested Thursday outside a Lego store in Chile, condemning a deal between the toy company and oil giant Shell that the environmental group says is "polluting kids' imaginations." ... more		Gazprom wants long-term relationship with Kazakhstan Russian natural gas company Gazprom said it was considering extending its working relationship with its counterparts in Kazakhstan through the 2030s. ... 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		New Zealand solicits comments for draft oil spill response plan The government of New Zealand announced Thursday it was soliciting comments on its national oil spill response strategy. ... more
				TransCanada says Alberta pipeline will lay solid foundation A 56-mile pipeline planned through Alberta will be a foundation to plans to increase oil sands production in the province, TransCanada said. ... more		Sanctions on Iran keeping investors at bay, EIA report says International sanctions still inhibit Iran's ability to attract foreign investments to its energy sector, the U.S. Energy Information Administration said. ... more

Fire at fracking fluid storage site in North Dakota sparks concerns North Dakota's Health Department said it's surveying air quality near the site of a fire at an industrial park in Williston, the heart of the state's oil patch. ... more		U.S.: Tougher sanctions on Russian energy needed In light of Russia's stance on the crash of the Malaysia Airlines plane, three U.S. Senators said broader sanctions on Russia's energy sector are warranted. ... 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		South African advocacy group calls for ban on fracking A South African advocacy group called for a moratorium on hydraulic fracturing operations for natural gas despite support from President Jacob Zuma. ... more
Town at heart of British shale debate rejects permit A British advocacy group said Wednesday it applauded a decision from a city council at the heart of the country's shale debate to reject a drilling permit. ... more		BHP Billiton: U.S. onshore helps boost oil output Australian natural resources company BHP Billiton said Wednesday onshore operations in the United States helped boost its oil production by 4 percent. ... more		Rosneft looking at environmental baseline in arctic Russian independent oil producer Rosneft said Wednesday it's working to set an environmental baseline to review as it readies for work in arctic reserves. ... 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

	Alberta regulator keeps ban in place for steam-injection While potentially safe, the provincial energy regulator in Alberta said it's not ready to lift a ban on a controversial steam-injection method for bitumen. ... more		Transocean division starts initial public offering Oil services company Transocean said Tuesday a spinoff started its initial public offering, trading on the New York Stock Exchange under ticker symbol RIGP. ... 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

New Arctic disappointment for Norway's Statoil		Polish energy company says oil and gas output increasing		Putin's economic adviser looking for sanctions relief		Mexican Senate approves most of energy sector reform		LNG exports out of step with low-carbon goals, Sierra Club says
Brazil approves extension to work in Amazonian energy basin		Chinese tourists abandon Vietnam after oil rig row		Russia envisions major gas pipeline project for India		Statoil puts Norwegian Sea drilling platform back in service		Jihadists sell Syrian oil to Iraqi businessmen: NGO

Oceana frustrated with U.S. decision on Atlantic energy surveys

Shell finds few technological barriers for offshore reserves

Delta Airlines secures Bakken crude oil for its Pa. refinery

PNG LNG project gives lift to Australia's Santos

French company EDF signs LNG deal with Cheniere in Texas

U.S. oil production not yet at parity with imports

OPEC says Asia-Pacific took most of its crude oil last year

Iran's oil exports in line with international agreements

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

Shell's Gulf discovery first with CNOOC partnership

Oil market enjoys China-inspired gains

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