Oil and Gas News

September 04, 2014

Sabotage at Yemeni oil facilities hurts economy, IMF says
Washington (UPI) Sep 3, 2014
Militant attacks on oil facilities in Yemen are hurting the country's ability to build a strong economic base, the International Monetary Fund said. The IMF said it approved a $552.9 million credit to Yemen to help the country maintain a level of economic stability. The amount is available in semi-annual disbursements, though the IMF's executive board said $73.8 million was unleashed immediately. Yemen has struggled to sustain a level of political stability and national security since th ... read more

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Shell says it's extended 'sweet spot' of Utica shale Shell announced Wednesday it made natural gas discoveries at two wells in the Utica shale reserve area in Pennsylvania. ... more		Statoil shutting down Huldra platform in North Sea Norwegian energy company Statoil said its Huldra platform, its first gravity-based system in the North Sea, is shutting down six years later than planned. ... more		Oryx Petroleum sees improvements in Kurdish security Canadian energy company Oryx Petroleum said "tangible improvements" in the Kurdish north of Iraq mean it can return to work at the Hawler license area. ... more
				Halliburton shielded from some claims in spill settlement Oil services company Halliburton said it's shielded from some claims made in response to the Gulf of Mexico oil spill in 2010 as part of a settlement deal. ... more		Oettinger: Trilateral gas talks possible mid-September Natural gas talks between the European Union, Russia and Ukraine may be possible mid-September if the right conditions are in place, Europe's energy boss said. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Baker Hughes, Weatherford close on pipeline business deal Oil services company Baker Hughes said it completed the acquisition of the pipeline business from rival Weatherford International. ... more		Shell: 'Persuasive argument' for U.S. oil and gas exports Exporting oil and natural gas from the United States should help ensure a more stable global energy sector, the head of Royal Dutch Shell said from New York. ... 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		AAA says gas prices cheapest since 2010 The national average price for a gallon of regular unleaded gasoline in the United States is the lowest it's been in more than four years, motor club AAA said. ... more
				Statoil announces full return to In Amenas in Algeria Norwegian energy company Statoil said it was ready to return to work in Algeria more than a year after terrorists stormed a gas facility there. ... more		Statoil moving Transocean rig to new arctic drill site Norwegian energy company Statoil needs to wait to start drilling for oil in the Barents Sea in order to vet appeals, a state energy regulator said. ... more

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

Putin: Power of Siberia plants Russian seed in China Starting construction on a natural gas pipeline to China gives Russia the chance to plant its economic flag in the regional economy, Russia's president said. ... more		Oil leak contaminates long stretch of Mexican river: official An oil spill has spread more than 50 kilometers (30 miles) along a river in the Mexican state of Veracruz despite assurances by the state oil monopoly that the leak has been repaired, local officials said Tuesday. ... 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		Libyan oil production increasing despite turmoil Though the country is facing one of its toughest post-war challenges, Libyan oil production continues to gain traction, a state energy company said. ... more
U.S. not an open market for Kurdish oil, Baghdad says The Iraqi Oil Ministry published a letter Tuesday saying the U.S. market is far from a legal destination for oil taken from the Kurdish north. ... more		Halliburton pays $1.1 bn for Gulf of Mexico BP spill Oil services company Halliburton said Tuesday it would pay a $1.1 billion settlement over its role in the 2010 Gulf of Mexico oil rig blowout that led to the United States' most disastrous oil spill. ... more		Gazprom Neft starts delivery of new Iraqi crude oil Russian energy company Gazprom Neft said oil from the Badra field in southern Iraq is making its way to the Persian Gulf for exports. ... more		BG Group overhauls offshore gas system in Egypt British energy company BG Group said its Egyptian subsidiary completed an overhaul of infrastructure needed to add new wells to its offshore operations. ... more

	Oil prices down after weak China, Europe data World oil prices fell on Tuesday after disappointing manufacturing data on top energy consumer China as well as Europe, and as dealers await fresh US economic figures, analysts said. ... more		BP, SOCAR to build Azeri workforce Azerbaijan and BP announced plans to build a national workforce to help develop the country's oil and gas industry, officials 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

Russia breaks ground on new gas pipeline to China		Fire at BP refinery could cause regional gas woes		Oil prices down after weak China, Europe data		Oil dips amid US holiday, China data		Shell files new plan to drill in Arctic
Russia to accept foreign currencies for oil payments		Russia offers energy assurances to Europe		Benteck says gas demand could drive prices higher		Exxon agrees to $1.4 million oil spill settlement		Wintershall pegs energy future to offshore Norway

Marcellus shale drawing major investments

Texas ruling on oil boost of confidence, Kurds say

Jihadists burn 3 Iraq oil wells as Kurds launch attack

Texas regulator assessing fracking as an earthquake trigger

ONEOK starts operation at N.D. gas processing plant

Nanoparticle research could enhance oil recovery, tracing of fracking fluid

Kinder Morgan moves out of anti-trust scrutiny

Shell posts gas find in deep Malaysia waters

Mexican energy reforms to yield production growth

Global security issues spare oil, AAA says

Wood Mackenzie sees good things in Norway

Iran says sanctions hurt South Pars gas developments

IEA boss says U.S. LNG won't change European landscape

Slovakia said to stay on sidelines of Ukrainian energy sector

Long-term gas supplies top Russian, Chinese agenda

Pipeline technology to help Brazil tap pre-salt deposits

Statoil assessing obstacles to Rosneft relationship

Natural gas pipeline between Iran and Iraq ready for testing

Pittsburgh airport host to shale natural gas operation

Pipeline through Mexico to source U.S. natural gas

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