Oil and Gas News

September 08, 2014

Gulfsands, ADX spar over claims to Tunisian energy
London (UPI) Sep 5, 2014
British energy company Gulfsands Petroleum said Friday claims made by Australian energy company ADX on assets in Tunisia are unfounded. ADX said in a Wednesday statement Gulfsands failed to fulfill its obligations to pay a final installment of $1.5 million for its share of the Chorbane license area in Tunisia on time. Gulfsands, the company said, has not offered "any legitimate justification" for reneging on its contractual obligations. Gulfsands said in a statement it was cleared by the ... read more

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Sep 06

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Sep 02

East Coast still depends heavily on imports for fuel Some markets in the United States still rely heavily on imports to meet regional demand for petroleum products, the U.S. Energy Department said. ... more		Baker, Aker align to improve offshore production Oil services company Baker Hughes said it was cleared by the federal government to form a partnership on subsea production technology with Aker Solutions. ... more		Iraq files motion to have oil from Kurdish tanker seized The Iraqi Oil Ministry said it filed a case in a U.S. court calling for the seizure of a cargo of Kurdish crude oil loaded on a tanker off the coast of Texas. ... more
				Oral arguments on Keystone XL scheduled in Nebraska The Nebraska Supreme Court scheduled to hear oral arguments Friday over whether the state's governor had authority to approve the route for Keystone XL. ... more		State Department equates Israeli gas to peace The U.S. State Department said it welcomed the signing of the letter of intent for deliveries of Israeli natural gas to Jordanian partners. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Two spills reported in North Dakota in less than a week The North Dakota Department of Health said it was notified of a release from an oil well in Billings County one week after it occurred. ... more		Energy group irked by Nova Scotia move away from shale A Canadian energy trade group said it was upset with a decision from the provincial government in Nova Scotia to consider a moratorium on hydraulic fracturing. ... more		Heavy snow in US strands drivers in 100-vehicle crash Chile wildfires rage for third day, entire towns wiped out Death toll from floods rises in Mozambique, South Africa		BP punished for 'reckless behavior,' green groups say Conservation groups said a ruling that BP was grossly negligent in the Gulf of Mexico oil spill brings a sense of justice to the region and its environment. ... more
				Bakken-to-Cushing oil pipeline proposed Energy company Enterprise Products Partners said it's vetting interest in a pipeline that would service North Dakota and Colorado shale oil basins. ... more		Statoil moving rig after disappointment in Gulf of Mexico Norwegian energy company Statoil said it would reposition a rig in the Gulf of Mexico after coming up dry in the deep water Martin prospect. ... more

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

Rosneft may shed a quarter of its staff next month Russian media reported Thursday state-owned oil company Rosneft could shed as much as 25 percent of its staff as early as next month. ... more		Company sees production growing across the board Marathon Oil Corp. said it was focusing its strategies on U.S. shale basins after achieving a 20 percent increase in reserves since the end of 2013. ... more		Geomagnetic storm to bring northern lights to central US Interstellar raises major Series F funding to expand launch and satellite business Atomic 6 debris shields selected for Portal Space Systems mission		Hoeven calls for more FBI, DEA in Bakken reserve area Federal law enforcement agents need to be positioned in the heart of the North Dakota oil patch to address rising crime rates, Sen. John Hoeven said. ... more
Jordan agrees to import gas from Israel's Leviathan field An Israeli company operating the offshore Leviathan natural gas field revealed it signed a letter of intent to send natural gas from the project to Jordan. ... more		BP ruled grossly negligent in 2010 oil spill BP potentially faces billions of dollars in new fines after a New Orleans judge concluded it acted with "gross negligence" ahead of the massive 2010 Gulf of Mexico oil spill. ... more		Christie sees 'long-term' foreign policy benefits from LNG Unlocking U.S. energy potential by facilitating exports would increase leverage in the foreign policy arena, New Jersey Gov. Chris Christie said. ... more		Sabotage at Yemeni oil facilities hurts economy, IMF says Militant attacks on oil facilities in Yemen are hurting the country's ability to build a strong economic base, the International Monetary Fund said. ... more

	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

Almost half of Kyiv without heat, power, after Russian attack

Denmark proposes NATO surveillance mission for Greenland

Military aircraft to arrive in Greenland for 'long-planned' activities: US-Canadian command

Oryx Petroleum sees improvements in Kurdish security		Halliburton shielded from some claims in spill settlement		Shell: 'Persuasive argument' for U.S. oil and gas exports		AAA says gas prices cheapest since 2010		Oettinger: Trilateral gas talks possible mid-September
Baker Hughes, Weatherford close on pipeline business deal		Statoil announces full return to In Amenas in Algeria		Statoil moving Transocean rig to new arctic drill site		Putin: Power of Siberia plants Russian seed in China		Oil leak contaminates long stretch of Mexican river: official

Libyan oil production increasing despite turmoil

U.S. not an open market for Kurdish oil, Baghdad says

Halliburton pays $1.1 bn for Gulf of Mexico BP spill

Gazprom Neft starts delivery of new Iraqi crude oil

BG Group overhauls offshore gas system in Egypt

Oil prices down after weak China, Europe data

BP, SOCAR to build Azeri workforce

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

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