Oil and Gas News

October 22, 2014

Russia, EU hold bilateral energy talks on Ukrainian issue
Brussels (UPI) Oct 21, 2014
The Russian government said Tuesday its representatives met separately with the European energy commissioner before talks about the Ukrainian gas crisis. Russian Energy Minister Alexander Novak met one-on-one with European Energy Commissioner Gunther Oettinger ahead of three-way talks that include Ukrainian delegates. Novak said earlier Tuesday he expected the meeting would result in a written agreement on the way to settle the long-standing issue. An already-fragile Ukrainian economy wa ... read more

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Crude oil prices showing signs of rebound in Tuesday trading Brent and West Texas Intermediate for November delivery both showed gains in trading Tuesday, with Brent showing sustained growth from an earlier session. ... more		Irish government drawing interest to offshore reserves The increase in exploration activity of the Irish coast shows the sector is moving in the right direction, Irish Natural Resources Minister Joe McHugh said. ... more		Oil discovery declared by Statoil in North Sea Norwegian energy company Statoil said Tuesday it found at least 30 million barrels of oil in the Grane area in the Norwegian waters of the North Sea. ... more
				API says GAO report on oil exports confirms industry position A report on the impacts of crude oil exports reinforces the industry view that trade barriers are curbing U.S. influence, the American Petroleum Institute said. ... more		IHS: Islamic State financing war campaign with oil Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. ... more

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Iranian economy tied too hard to oil, commissioner says The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. ... more		EIA: North Dakota close to goals for curbing flared gas North Dakota is on pace to meet its yearly goal for curbing the amount of natural gas burned off during oil production, the U.S. Energy Department said Monday. ... 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		Russia has little to fear from Azeri gas, scholar says Trade deals between Russia, Turkey and Azerbaijan should ease Kremlin concerns about Baku's energy agreements with Europe, an Azeri scholar said. ... more
				Iran determined to move ahead with pipeline to Pakistan Despite reports the project has been abandoned, the Iranian government said it was determined to push ahead with a gas pipeline for Pakistan. ... more		Libyan operations give production boost to OMV Austrian energy company OMV said Monday its quarterly production was boosted by the resumption of operations in war-torn Libya. ... more

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Tamar partners intent on selling Israeli gas to Egypt The partnership in control of one of the largest natural gas basins off the coast of Israel announced their intention to sign an export deal with Egypt. ... more		New tracers can identify frack fluids in the environment Scientists have developed new geochemical tracers that can identify hydraulic fracturing flowback fluids that have been spilled or released into the environment. The tracers, which were created by a ... 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		More gas talks between EU, Russia and Ukraine scheduled The European Commission said Monday it scheduled another round of talks with its Russian and Ukrainian counterparts to settle a lingering gas issue. ... more
Inpex expecting 105,000 bpd from oil field off Emirati coast Japanese energy company Inpex Corp. disclosed Friday it started producing oil for the first time at a field off the coast of Abu Dhabi. ... more		EU examining ways to counter Russian gas shortage If members of the European Union show some solidarity, they'll be able to cope with a potential Russian gas shortage, the European energy commissioner said. ... more		WTI, Brent prices rebounding, but stay suppressed West Texas Intermediate and Brent crude oil prices each climbed toward the $85 per barrel mark, trading data Friday show. ... more		Kinder wants to expand pipeline system for more shale gas Expanding a gas system in the U.S. Midwest will facilitate the utilization of shale gas from the Utica and Marcellus plays, pipeline company Kinder Morgan said. ... more

	Kurdish government praises latest regional oil discovery A new oil discovery in northern Iraq moves the region closer to a 1 million barrel per day production goal, a Kurdish government official said Friday. ... more		A global natural gas boom alone won't slow climate change A new analysis of global energy use, economics and the climate shows that without new climate policies, expanding the current bounty of inexpensive natural gas alone would not slow the growth of glo ... 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

A New Approach To Monitoring Groundwater Supplies Near Fracking Sites		U.S. confident oil-rich Yemen will withstand threats		Chesapeake sells Marcellus, Utica shale for $5 billion		Marathon closes on sale of Norwegian subsidiary		North Dakota reducing flaring of associated gas
Iraqi oil minister discusses oil spats with Kurdish leader		Hydraulic fracturing linked to earthquakes in Ohio		Wood Group to help develop CCS project in Scotland		Colombian farmers sue oil giant BP for environment damage		U.S. oil imports down 7.4 percent, production up even more

U.S. to auction off oil, gas acreage in Gulf of Mexico

Russian gas giant Gazprom wants to tap Argentina market

DNO plans more oil exports from Kurdish north of Iraq

Lund leaves Statoil to take helm at BG Group

Russia trying to read EU tea leaves on South Stream pipeline

Natural gas no miracle cure for climate change: study

Oil market slump temporary, Iranian oil official says

SOCAR signs pipe contracts for TANAP gas line through Turkey

Gas find puts reserves above 20 tcf mark for Statoil

Foster says it's helping Pemex with reform agenda at refinery

Low demand, high production means cheap gas, AAA says

IEA trims forecast for global oil demand growth

Gazprom says it's made up for Ukrainian row

All systems go for Power of Siberia gas pipeline, Gazprom says

CNOOC expects 40,000 bpd from South China Sea startup

Lundin oil find in Barents Sea significant, company boss says

Shale means U.S. more self-reliant on oil, OPEC says

Kremlin says next EU, Kiev gas talks set for Oct. 21

Arctic campaign frustrates Statoil to delight of Greenpeace

Caracas says it's victorious in Exxon expropriation case

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