Oil and Gas News

August 18, 2014

3Legs Resources ready for test production from Polish shale
London (UPI) Aug 15, 2013
British energy company 3Leg Resources said Friday efforts to bring Polish shale natural gas into production are going "very smoothly." The company said it put a well in the Lublewo research area in to a test phase to determine its potential to produce natural gas following a successful hydraulic fracturing program. Kamlesh Parmar, the company's chief executive, said the well is a milestone for the exploration program in Poland. "The operations to bring the well into test productio ... read more

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Trilateral European talks to focus on energy security European Commission President Jose Manuel Barroso said future trilateral talks with Kiev and Moscow would focus on energy and national security issues. ... more		Pemex keeps grip on proven Mexican oil reserves Reforms give Pemex the right to most proven oil reserves, but private firms can compete for the bulk of the possible reserves, the Mexican government said. ... more		U.S. oil production gains can't support lower gasoline prices The rise in U.S. crude oil production hasn't translated to cheap gasoline because output isn't universal and energy markets are global, a market analyst said. ... more
				MOL signs development plan for Kurdish energy Hungarian energy company MOL said it agreed on a development plan to pull reserves from the Arki-Bijeel area in the Kurdish north of Iraq. ... more		India on pace to run an energy deficit, EIA finds India ranks among the top energy consumers in the world, with demand increasing at a double-digit rate, analysis from the U.S. Energy Department found. ... more

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CNPC vetting subsidiaries for corruption China National Petroleum Corp. said it was undergoing an internal probe after an audit uncovered widespread corruption. ... more		Spain's Canary Islands fume over oil exploration Spain's government sparked an outcry Thursday by giving oil group Repsol the all-clear to explore for oil and gas off the coast of the tourism-dependent Canary Islands. ... 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		Huge turret sets sail for Shell's mega floating gas facility Royal Dutch Shell said Friday part of the largest floating liquefied natural gas facility in the world is on the way to a South Korean shipyard. ... more
				Greenpeace advised against Barents Sea drilling The Greenpeace chapter in Norway said Friday it was upset with a decision by Statoil to send a drilling rig to the arctic reaches of the Barents Sea. ... more		Human Rights Watch wants Baku sidelined from EITI Human Rights Watch said Azerbaijan should be suspended from a global transparency initiative on energy issues because of restrictive measures against NGOs. ... more

Vitol forms downstream business entity in Australia Energy and commodity trading company Vitol said Wednesday it launched a retail business service in Australia after acquiring assets from Royal Dutch Shell. ... more		Production from Utica shale at healthy clip, EIA says The U.S. Energy Department said it was including the eastern Utica shale formation in a monthly productivity report because of exponential growth in output. ... 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		EU gas production in track to decline, Russian report says Natural gas production from members of the European Union is expected to decline by more than 40 percent in the coming years, Russian analysis Wednesday finds. ... more
New England heating fuel supplies bolstered The North American subsidiary of GDF Suez said it was buying liquid natural gas from a Montreal company to address upcoming demand in New England. ... more		Oil services company Schlumberger latest to fret over Russia Oil services company Schlumberger said it expects to take a financial hit as a result of Western sanctions targeting the Russian energy sector. ... more		U.S. on pace to approach record level of oil production Total crude oil production in the United States in July was the highest level in more than a quarter century, the U.S. Energy Department said. ... more		On balance, Germany energy company E.ON did well German energy company E.ON said Wednesday its exploration and production activity in the North Sea was the bright spot in an otherwise poor fiscal report. ... more

	French bank tasked with helping unload Citgo Venezuela's state-owned oil company has hired a French bank to help offload Citgo, its U.S. downstream entity, an executive at the company said. ... more		China's oil imports account for more than half of supplies Chinese imports of crude oil during the second half of the year are expected to account for more than half of its supplies, an industry analyst said Wednesday. ... 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

Canada-US pipeline may spark more emissions than expected: study		ONGC Videsh signs production sharing contracts in Myanmar		Dalrymple leans on Washington for safer oil delivery		Economic rebound should cause oil demand to rise, IEA says		Difficult security situation in Yemen, Libya hurt OMV
Iran says erasing sanctions would provide global benefits		Moscow continues to cry foul over Yukos ruling		Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax		Abu Dhabi National Energy halts work in Iraq		Rosneft, Exxon start work in arctic waters of Kara Sea

Chad scraps Chinese oil permits over alleged environmental violations

Russia's Bashneft signs on as operator at Myanmar oil block

Russian media suggest gas talk schedules under review

Woodside, Noble Energy set sights on oil off Gabon's coast

Researchers purposefully spill oil into the North Sea

Utica may be the strongest gas play yet, Rice Energy says

OPEC says Libyan oil production at highest point this year

More crude oil carrying capacity at Edmonton terminal

Genel, others, evacuate non-essential staff from Iraq

Failed Statoil campaign a told-you-so for Greenpeace

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

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