Oil and Gas News

October 11, 2014

Shale means U.S. more self-reliant on oil, OPEC says
Vienna (UPI) Oct 10, 2014
U.S. imports into the Gulf Coast region are at six-year lows because shale output is suppressing the need for foreign oil, OPEC said in a Friday report. The Organization of Petroleum Exporting Countries published its monthly market report, saying that despite signs of economic stagnation, its growth outlook remained static and with it are stable expectations of global oil demand. For the United States, OPEC said the market there was becoming more self-reliant because of oil production fr ... read more

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Kremlin says next EU, Kiev gas talks set for Oct. 21 The Kremlin said Friday it agreed on a date for the next round of talks aimed at resolving a Ukrainian gas issue endangering European energy security. ... more		Arctic campaign frustrates Statoil to delight of Greenpeace A small natural gas discovery in the arctic Barents Sea waters by Norway's Statoil shows the risky campaign isn't worth it, Greenpeace said Friday. ... more		Caracas says it's victorious in Exxon expropriation case The government of Venezuela declared victory following a ruling by an international court regarding Exxon Mobil claims on the country's offshore oil. ... more
				Tullow Oil upbeat on prospects for oil offshore Gabon Though reserves encountered so far off the coast of Gabon are non-commercial, Tullow Oil said Friday it was encouraged by the West African results. ... more		Brine spill soils land, waterway, in North Dakota Waterways were soiled by the spill of an unknown amount of material used to produce oil and gas in a North Dakota county, the state government said. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Will Ukraine Commit Economic Suicide 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 nex ... more		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		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		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

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

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		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		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		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
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		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		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

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

Green advocates say EU tar sands nod is shameful		The World's 10 Biggest Energy Gluttons		Cairn announces major oil find offshore Senegal		Kiev says fair price for gas necessary		Enbridge offers oil pipeline assurances to Michigan
Serbia: South Stream a matter between Russia and Brussels		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

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