Oil and Gas News

August 12, 2014

Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax
Washington DC (SPX) Aug 12, 2014
Ukraine doesn't need Russia to take it down-Kiev is doing fine destroying itself, most recently with a new tax code that doubles taxes for private gas producers and promises to irreparably cripple new investment in the energy sector at a time when reform and outside investment were the country's only hope. Ukrainian President Petro Poroshenko on August 1 signed off on a new tax code that effectively doubles the tax private gas producers in Ukraine will have to pay, calling into question any new in ... read more

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Utica may be the strongest gas play yet, Rice Energy says Rice Energy, a company focused on eastern U.S. gas basins, said Monday natural gas output from Utica shale is among the highest it has seen so far. ... more		Russian media suggest gas talk schedules under review Russian state media reports Monday sources inside the European Union say they expect to hold another round of gas talks with Russia and Ukraine in September. ... more		Woodside, Noble Energy set sights on oil off Gabon's coast Australian energy company Woodside Petroleum said Monday it bought an interest in an emerging oil basin off the coast of Gabon in West Africa. ... more
				Researchers purposefully spill oil into the North Sea A team of European and American researchers recently dumped oil into the North Sea in order to study it - specifically to observe the behavior of hydrocarbons in first 24 hours in the wake of an oil spill. Their research was published last week in the journal Environmental Science & Technology. ... more		Canada-US pipeline may spark more emissions than expected: study A proposed pipeline from Canada to the United States may result in much higher greenhouse gas emissions than previously calculated as it could fuel greater oil consumption through higher production and lower prices, a study said Sunday. ... more

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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Abu Dhabi National Energy halts work in Iraq Production from the Atrush block in the Kurdish north of Iraq should start in 2015 but operations are on hold because of the violence, energy company TAQA said. ... more		Rosneft, Exxon start work in arctic waters of Kara Sea Operations with Exxon Mobil in the arctic waters of the Kara Sea should be on par with those in North America or Saudi Arabia, Russian oil company Rosneft said. ... 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		Chad scraps Chinese oil permits over alleged environmental violations Chad has decided to withdraw five exploration permits issued to Chinese oil giant CNPC and press charges in a spat over a $1.2 billion fine for environmental violations, the oil ministry said. ... more
				Russia's Bashneft signs on as operator at Myanmar oil block Russian oil company Bashneft announced Monday it secured the rights to serve as the operator at an exploration program in central Myanmar. ... more		OPEC says Libyan oil production at highest point this year Libyan oil production is at its highest level since the beginning of the year, the Organization of Petroleum Exporting Countries said Friday. ... more

More crude oil carrying capacity at Edmonton terminal Midstream company Kinder Morgan said it reached a deal to add more crude oil carrying capacity to a rail terminal in Edmonton already under construction. ... more		Genel, others, evacuate non-essential staff from Iraq British energy company Genel Energy said Friday it pulled non-essential staff out of northern Iraq as a safety precaution, though operations are secured. ... 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		Failed Statoil campaign a told-you-so for Greenpeace A decision by Statoil to end a campaign in the arctic waters of the Barents Sea shows it never should have drilled there in the first place, Greenpeace said. ... more
Slow hurricane season good for U.S. energy U.S. forecasters say one of the main drivers of higher fuel prices, hurricanes, should stay away for the remainder of the season. ... more		Thailand's PTTEP signs $72 million exploration deal in Myanmar Thai energy company PTTEP said Friday it signed a production sharing contract for onshore exploration in Myanmar in the nation's capital, Naypyitaw. ... more		Canadian oil company said oil seepage cleaned from Alberta Cleanup is complete at a bitumen spill site in Alberta and any contamination threat is eliminated, Canadian Natural Resources Ltd. said. ... more		Iran wants to strengthen energy ties with Azerbaijan An Iranian official said Friday during talks in Azerbaijan both sides could work together on energy issues possibly extending into the European economy. ... more

	Russia oil exploration sector target of Canadian sanctions Canadian Prime Minister Stephen Harper said new economic pressure on Russia targets technology used for oil exploration and extraction. ... more		More energy exports spell benefits for U.S., API says Outdated trade restrictions are limiting the United States' position as a global energy superpower, the American Petroleum Institute 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

Oil prices gain as US eyes possible action in Iraq		Statoil empty-handed after summer Arctic drilling campaign		Gulf Keystone Petroleum says Kurdish oil secure		Pakistan could have first LNG terminal open by year's end		GDF Suez makes final decision on Cameron LNG facility
Russian billionaire considers who fills energy holes		Frontier Hoop area, ire of Greenpeace, empty for Statoil		The Bigger Oil Story Behind the Headlines		Mexican energy sector opening to private investors		Baker Hughes shows U.S. leads in active rigs with 1,819

Lundin Petroleum faced with ongoing delays offshore Norway

Genel boss Hayward ties oil production to Kurdish exports

Russia, Iran set oil-for-goods contract talks

Advocacy group warns of new fracking fallout

Parties get behind Colorado energy task force

Shell starts oil from deep water project in Nigeria

Continental Resources sees production rise, but profits fall

Egypt, Iraq boost second quarter profits for Dana Gas

U.S. shale supports strong second quarter for Marathon

Russia sets dates for energy talks with EU

API: Colorado takes right steps with energy

Rights groups blast lack of action on Nigeria oil pollution

Petrol bomb targets drilling campaign in Ireland

Libyan prime minister says oil crisis resolved

Kurds file suit in Texas court over oil parked in Gulf of Mexico

South Pars could provide fuel for neighbors, Iran says

JKX Oil and Gas reviewing options in Ukraine 'carefully'

Inpex Corp. said dredging completed for Australian LNG

Rig tensions focus of ASEAN meeting next weekend

NIST corrosion lab tests suggest need for underground gas tank retrofits

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