Oil and Gas News

October 16, 2014

DNO plans more oil exports from Kurdish north of Iraq
Oslo, Norway (UPI) Oct 15, 2014
A new 24-inch oil pipeline from the Kurdish north of Iraq will facilitate exports through Turkey by the end of the year, DNO International said Wednesday. Swedish energy company DNO, one of the premier operators in the Kurdish north of Iraq, said it was exporting an average 90,000 barrels of oil per day from its Tawke field in the region to Turkey. Installation of a new 24-inch pipeline from the Tawke field is slated for completion by the end of the year. "The new pipeline will in ... read more

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Lund leaves Statoil to take helm at BG Group Helge Lund, president and chief executive officer of Norwegian energy company Statoil, announced Wednesday he's leaving to lead British company BG Group. ... more		Russia trying to read EU tea leaves on South Stream pipeline The European stance on the planned South Stream gas pipeline from Russia is unclear but the project is progressing, a Russian presidential aide said Wednesday. ... more		Natural gas no miracle cure for climate change: study Fracking technology has driven a boom in natural gas that many hope will prompt a switch away from coal use and put the brakes on the rise in Earth-warming carbon dioxide (CO2) emissions. ... more
				Oil market slump temporary, Iranian oil official says The steep decline in oil prices is a momentary market phenomenon and does little to influence the economy long-term, an Iranian oil director said. ... more		SOCAR signs pipe contracts for TANAP gas line through Turkey The State Oil Co. of Azerbaijan Republic announced it signed contracts in Turkey for the construction of the Trans-Anatolian natural gas pipeline. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Gas find puts reserves above 20 tcf mark for Statoil A new natural gas discovery offshore Tanzania puts the total amount of reserves there at 21 trillion cubic feet, Norwegian energy company Statoil said Tuesday. ... more		Foster says it's helping Pemex with reform agenda at refinery Oil services company Foster Wheeler said Tuesday it was awarded a contract in Mexico that is part of the country's emerging energy reform. ... 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		Low demand, high production means cheap gas, AAA says The average price for a gallon of regular unleaded gasoline in the United States started the week at the lowest level of the year, motor club AAA reports. ... more
				IEA trims forecast for global oil demand growth Lower economic growth expectations mean the forecast for global oil demand is down, but should recover in 2015, the International Energy Agency said Tuesday. ... more		Gazprom says it's made up for Ukrainian row Second quarter profits for the year are up, which offset some of the damage incurred by contracts with Ukraine, Russian gas company Gazprom said Tuesday. ... more

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

All systems go for Power of Siberia gas pipeline, Gazprom says All of the documents needed to proceed with the Power of Siberia natural gas pipeline to China are in place, the head of Russian gas company Gazprom said. ... more		CNOOC expects 40,000 bpd from South China Sea startup China National Oil Co. said its latest startup in the South China Sea will reach a peak production rate of 40,000 barrels per day within three years. ... 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		Lundin oil find in Barents Sea significant, company boss says At least 85 million barrels of oil are thought to be in the Alta prospect following a successful Barents Sea drilling campaign, Lundin Petroleum said Tuesday. ... more
Shale means U.S. more self-reliant on oil, OPEC says 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. ... more		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

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

Will Ukraine Commit Economic Suicide		Lego caves in to Greenpeace and axes Shell partnership		Putin may meet Ukraine's Poroshenko in Italy: Kremlin		U.S. strikes aimed at disruptive IS oil financing		EU leans on Serbia over South Stream gas pipeline
China signs off on Power of Siberia gas project with Russia		More fracking planned by British shale pioneer IGas		Firms to invest $2.12 bn in Ecuador oil fields		U.N. report says Ukrainian gas issue a humanitarian concern		UK oil rig evacuated over ship carrying radioactive waste

U.S. strikes target IS-controlled oil refineries

Shell producing oil from first deepwater Malaysian well

Refinery startups, low oil prices, keep gas pain at bay

Norway sees low cash flow, pegged outlook to $103/bbl

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

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