Oil and Gas News

October 29, 2014

BP will close deal on TANAP gas pipeline by year's end
London (UPI) Oct 28, 2014
BP confirmed Tuesday an agreement to take a 12 percent stake in a Turkish pipeline carrying Azeri gas to Europe will close by the end of the year. BP-Azerbaijan in January 2013 signed a framework agreement to take on a 12 percent stake in the Trans-Anatolian natural gas project. The State Oil Co. of Azerbaijan Republic has a majority stake in the pipeline. "We expect to take a 12 percent stake in TANAP by the end of the year," a BP spokesman confirmed to UPI. BP has awarded more t ... read more

Previous Issues

Oct 28

Oct 27

Oct 24

Oct 23

Oct 22

Oxy says output from Texas shale up, income down Occidental Petroleum Corp. said Thursday its quarterly production was boosted by Texas shale, but income was down for the third quarter. ... more		Statoil takes frontier position offshore Australia Norwegian energy company Statoil said Friday it was expanding its footprint off the Australian coast with an exploration permit for natural gas. ... more		Bangladesh gas supports Asian demand, Chevron says Bringing more gas production on stream in Bangladesh is part of an effort to meeting growing energy demands in Asian, a Chevron subsidiary said Tuesday. ... more
				Petrofac eyes Nova Scotia oil locked 3 miles under sea surface British energy services company Petrofac said Tuesday it would help the provincial government in Nova Scotia tap into potential oil prospects offshore. ... more		Noble says gas sales from Israeli assets soaring Energy explorer Noble Energy said Tuesday production during the third quarter soared because of advancements off the coast of Israel. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Russian economic stumbles impact BP performance British energy company BP said Tuesday the depreciation of the Russian currency in part had a "significant impact" on third quarter results. ... more		Where Did All the Oil Go Due to the environmental disaster's unprecedented scope, assessing the damage caused by the 2010 Deepwater Horizon spill in the Gulf of Mexico has been a challenge. One unsolved puzzle is the locati ... 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		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
				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		Waste, an alternative source of energy to petroleum The group led by Martin Olazar, researcher in the UPV/EHU's Department of Chemical Engineering, is studying the development of sustainable refineries where it is possible to produce fuels and raw ma ... more

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

Abducted Chinese worker freed in Sudan: minister Sudan's security forces have freed a Chinese worker abducted last week in the conflict-hit West Kordofan region, the oil minister said on Friday. ... more		Spain's Repsol makes major oil find in Gulf of Mexico Spanish energy company Respol said Monday it made what it said was a significant discovery of oil in the U.S. waters of the Gulf of Mexico. ... 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		South Korean company takes stake in Oklahoma shale basin U.S. shale player Continental Resources said Monday it has signed a deal with a South Korean company to develop its gas assets in Oklahoma. ... more
Goldman forecast erases momentum from oil markets While the European economy should be able to survive another crisis, a grim forecast Monday from Goldman Sachs pushed oil prices downward. ... more		Eni says new gas find off Indonesia good for LNG hopes Italian energy company Eni said Monday there may be as much as 1.3 trillion cubic feet of natural gas at an exploration prospect off the Indonesian coast. ... more		Citgo no longer for sale, Venezuelan minister says Venezuela's finance minister said the government has shelved plans to sell off the U.S. subsidiary of state oil company Petroleos de Venezuela. ... more		China oil demand near decade high for September Despite an economic slowdown, Chinese government data show oil demand is at one of the highest levels in nearly a decade. ... more

	OMV, Exxon start drilling in Romanian waters of Black Sea Austrian energy company OMV and U.S. counterpart, Exxon Mobil, said Monday drilling started into a new reserve prospect off the Romanian coast. ... more		Oklahoma rising as oil state, Continental Resources says The Springer reserve area in Oklahoma is emerging as one of the premier oil basins in the region, Continental Resources said Thursday. ... 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

U.S. producers form lobby to call for end to oil export ban		Brent, WTI can't do repeat performance		Wood Mac sees U.S. on its way to energy independence		Low Oil Prices Hurting U.S. Shale Operations		Ground broken for Cameron LNG plant in Louisiana
Lancashire needs more time to mull Cuadrilla frack plans		An effective, cost-saving way to detect natural gas pipeline leaks		3 dead in platform collapse in the Caspian Sea		Spain defends Canaries oil drilling plan		Brent crude continues rally on Chinese economic data

Getting the salt out

ADS and Spectrum Geo produce oil seep and seismic study of Adriatic

First ever oil find in Paraguay lifts President Energy shares

WTI fights off $80 per barrel mark

Shell assessing gas discovery off the Gabonese coast

Alaska unlocks oil and gas leases near dispute ANWR border

New oil field declared in North Sea by BG, GDF Suez

NDRC finds Californians at risk from oil and gas

Amid gas talks, Kremlin faults West over Ukrainian tensions

Total tries to fill chasm left by Christophe de Margerie

Think beyond oil in ISIS campaign, advocacy group says

Rosneft, Gazprom tasked for arctic energy exploration

Driver, ground crew probed in de Margerie death

Russia, EU hold bilateral energy talks on Ukrainian issue

Crude oil prices showing signs of rebound in Tuesday trading

Irish government drawing interest to offshore reserves

Oil discovery declared by Statoil in North Sea

API says GAO report on oil exports confirms industry position

Saudi police investigating after oil pipeline hit by bullet

Pentagon: Bombing ISIS oil targets key focus of strategy

Free Newsletters - Space - Defense - Environment - Energy

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.