Oil and Gas News

August 14, 2014

ONGC Videsh signs production sharing contracts in Myanmar
Naypyitaw, Myanmar (UPI) Aug 12, 2013
Indian oil company ONGC Videsh announced it signed two production sharing contracts for onshore exploration with partners in Myanmar. The company said it signed the production sharing contracts in Naypyitaw with the National Oil Co. of Myanmar and other local partners. Two onshore blocks were awarded as part of Myanmar's bidding round launched last year by the government. ONGC offered no estimate of the reserve potential at the two blocks, B-22 and EP-3. The U.S. Energy Informatio ... read more

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Dalrymple leans on Washington for safer oil delivery North Dakota Gov. Jack Dalrymple said he was pressing the U.S. energy secretary on comprehensive ways to make crude oil transportation safer. ... more		Economic rebound should cause oil demand to rise, IEA says Global demand for oil should accelerate by 1.3 million barrels per day in 2015, a 30 percent increase, because of economic recovery, the IEA said from Paris. ... more		Difficult security situation in Yemen, Libya hurt OMV Disruptions in Libya were in part to blame for the 37 percent decline in second quarter profits, Austrian oil and gas company OMV said Tuesday. ... more
				Iran says erasing sanctions would provide global benefits Removing sanctions on Iran will benefit the regional and global economies, Iranian President Hassan Rouhani said Tuesday from Tehran. ... more		Moscow continues to cry foul over Yukos ruling An arbitration panel at The Hague decided its case against former Russian oil company Yukos on political grounds, Russia's deputy foreign minister said Tuesday. ... more

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Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

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Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax 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 n ... more		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		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		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		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		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		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
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		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

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

Slow hurricane season good for U.S. energy		Thailand's PTTEP signs $72 million exploration deal in Myanmar		Canadian oil company said oil seepage cleaned from Alberta		Iran wants to strengthen energy ties with Azerbaijan		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

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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

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