Oil and Gas News

October 09, 2014

Will Ukraine Commit Economic Suicide
Washington DC (SPX) Oct 10, 2014
By James Stafford of Oilprice.com Ukraine is on the brink of committing economic suicide after imposing a crippling 55 percent tax on private gas producers, while parliament prepares to vote on next year's budget, which aims for a continuation of the same. The Oct. 14 budget vote-which is already a month late-is a major condition for Ukraine's next credit tranche from the European Union, but if the 2015 budget goes through as proposed, it will decimate independent gas production, remove any poten ... read more

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Lego caves in to Greenpeace and axes Shell partnership The world's largest toymaker Lego caved in to pressure Thursday from a hugely successful Greenpeace campaign targeting a deal with oil giant Shell and linking the iconic plastic bricks to catastrophic Arctic oil spills. ... more		Putin may meet Ukraine's Poroshenko in Italy: Kremlin Russian President Vladimir Putin may hold talks with his Ukrainian counterpart Petro Poroshenko on the sidelines of a summit in Italy next week, his aide said on Thursday. ... more		U.S. strikes aimed at disruptive IS oil financing Disrupting the ability of the group calling itself the Islamic State to raise funds through oil revenue is a key U.S. military objective, an official said. ... more
				EU leans on Serbia over South Stream gas pipeline The European Union said Serbia needs to get in line with regional energy regulations, notably as they relate to the planned South Stream gas pipeline. ... more		China signs off on Power of Siberia gas project with Russia China National Petroleum Co. said Thursday it received consent from the government to start work on the Power of Siberia natural gas pipeline from Russia. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

More fracking planned by British shale pioneer IGas British shale drilling pioneer IGas said Thursday it plans to drill its third well in the country's northwest next month to survey the reserve potential. ... more		Firms to invest $2.12 bn in Ecuador oil fields Firms from a range of countries will invest $2.12 billion to develop oil fields in Ecuador's Amazon basin region, the government said Wednesday. ... more		Toxic homes a lasting legacy of Los Angeles fires 'Greatest con job ever': Trump trashes climate science at UN Turkey facing worst drought in over 50 years		U.N. report says Ukrainian gas issue a humanitarian concern Energy issues in eastern Ukraine are taking a humanitarian toll as residents grow concerned about supplies for the coming winter, a U.N. report said Wednesday. ... more
				UK oil rig evacuated over ship carrying radioactive waste Dozens of workers were evacuated from an oil rig in Britain's North Sea after a vessel carrying radioactive waste caught fire and started drifting towards it, officials said Wednesday. ... more		U.S. strikes target IS-controlled oil refineries U.S. airstrikes on Islamic State targets in parts of northeastern Syria include strategic control structures and oil refineries, the State Department said. ... more

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

Shell producing oil from first deepwater Malaysian well Dutch energy company Shell said Wednesday it started production from a deepwater field in Malaysia, where output should reach 135,000 barrels per day. ... more		Refinery startups, low oil prices, keep gas pain at bay U.S. refinery startups and a steady supply of oil from the Middle East are helping keep U.S. gasoline prices at historic lows, motor club AAA reports. ... more		Western researchers support international collaboration for planetary defence NASA says on track to send astronauts around the Moon in 2026 Space: Framatome and ENEA sign MoU to explore advanced technological solutions for designing lunar nuclear fission reactors		Norway sees low cash flow, pegged outlook to $103/bbl Though cash from the petroleum industry was lower than expected, the Norwegian government said Wednesday the sector was producing ample value for the economy. ... more
Green advocates say EU tar sands nod is shameful Advocates for a low-carbon economy cried foul over a European decision to ease restrictions on oil sands produced from Canadian fields. ... more		The World's 10 Biggest Energy Gluttons Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pi ... more		Cairn announces major oil find offshore Senegal Energy companies working off the coast of Senegal announced Tuesday a significant discovery of oil, with at least 250 million barrels in place. ... more		Kiev says fair price for gas necessary Ukraine is ready to find a mutually acceptable solution to ensure the reliable transit of Russian natural gas, the country's prime minister said. ... more

	Enbridge offers oil pipeline assurances to Michigan Michigan authorities said Canadian pipeline company Enbridge offered assurances two oil pipelines running under the Mackinac Straits are secured. ... more		Serbia: South Stream a matter between Russia and Brussels Matters governing the construction of the South Stream gas pipeline from Russia should be settled between the Kremlin and Brussels, a Serbian diplomat said. ... more

Taiwan running out of time for satellite communications, space chief tells AFP

US lawmaker warns of military 'misunderstanding' risk with China

Venezuela accuses US of waging 'undeclared war,' urges UN probe

Petronas watching Canadian LNG debate unfold		Baker Hughes says U.S. rig count up 10 percent from 2013		NRDC poll finds most New Yorkers oppose fracking		Cyprus suspends peace talks over Turkish gas threats		Europe pulls back on oil sands designations
Chevron brings Kuwaiti partners to Canadian shale		Shale players Forest, Sabine close to tying knot		Ruble hits historic low against Western currency		Dutch grab of arctic oil angers Greenpeace		BG Group said Cairo paid off small portion of debt

London sees few land value concerns with fracking

Report: Islamic State losing oil grip because of airstrikes

Nuland: Sanctions pain depends on Kremlin actions

Gasoline prices moving lower, following oil price trend

API: Oil, gas boom came despite White House efforts

Spain to pay 1.35 bn euros compensation for aborted gas project

Pemex brings Exxon into 'new Mexican oil market'

BP seeks review of ruling on 2010 oil spill

Egypt pays $1.4 billion to foreign oil and gas companies

Kiev: European energy crisis caused by Russia

Encana closes on sale of Bighorn oil and gas acreage

Greenpeace says Russian probe into Arctic 30 finally over

Norway prepping to open Barents Sea to energy explorers

Iran to discuss oil swaps with Russian investors

Gazprom Neft taps into shale oil deposit in Siberia

Mars rover methane-detecting technology adapted by gas company

API says its oil train proposals offer reasonable solution

Enbridge pipeline from Bakken play delayed by a year

British oil company says all hands on deck in Kurdish Iraq

EU calls in Kremlin to get serious about solving gas row

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