Oil and Gas News

November 23, 2014

Chinese island project in disputed waters 'justifiable': general
Beijing (AFP) Nov 24, 2014
Beijing on Monday fired back at US criticism of an artificial island project in the disputed South China Sea that could reportedly include an airstrip, with a top general defending it as "justifiable". People's Liberation Army Major General Luo Yuan told the state-run Global Times newspaper that Beijing was building infrastructure on the reef and the US should stay out of the issue. "The US is obviously biased considering that the Philippines, Malaysia, Vietnam have already set up military facil ... read more

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Moscow working to save oil face Russia is having a hard time keeping oil production levels at a static level because of revenue issues, Energy Minister Alexander Novak said Friday. ... more		EIA reviewing crude oil export ban The U.S. Energy Information Administration said an oil import tracking tool is meant to assess the impact of a "possible relaxation" of export restrictions. ... more		WTI price no shale threat The slump in crude oil prices hasn't yet resulted in a slowdown in production from shale basins in the United States, analysis finds. ... more
				TAPI to get project developer by early 2015 Project leaders in New Delhi confirmed Friday parties to a multilateral gas pipeline from Turkmenistan will work to find a project operator by February. ... more		Greenpeace says it's the target of aggression Greenpeace leaders from Norway said Friday their right to peaceful protest is getting sidelined by the economic interests of those in the energy industry. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

One dead in Gulf of Mexico rig accident There is no pollution associated with an explosion on a drilling platform about 12 miles off the coast of New Orleans in the Gulf of Mexico, a regulator 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		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		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
				Shale revolutionary for United Kingdom, company boss says Chemical company Ineos said shale natural gas could "revolutionize" the British economy, though it's been met with stiff opposition from environmental advocates. ... more		Crude oil prices continue upward swing Though U.S. data show output continuing unabated, crude oil prices continued their rise Thursday in anticipation of next week's OPEC meeting. ... more

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

Shots fired in U.S. oil export row Claims that easing U.S. oil export restrictions won't have economic benefits go against peer-reviewed studies, the head of an oil producers coalition said. ... more		Ineos in $1bn bid to become UK's biggest fracking firm Swiss-based petrochemical firm Ineos launched plans Thursday to become the biggest player in Britain's fracking sector with a $1.0-billion investment in the nation's shale gas industry. ... more		Western researchers support international collaboration for planetary defence NASA says on track to send astronauts around the Moon in 2026 How Aussies Are Cutting Paperwork From Everyday Life		Russia's Gazprom keen on Vietnamese gas reserves Russian energy company Gazprom said it was reviewing the prospects of further cooperation with Vietnam in the Asian country's offshore natural gas sector. ... more
China discloses status of strategic oil reserves For the first time ever, the Chinese government published data on its strategic petroleum reserves, saying it had about 91 million spare barrels on hand. ... more		BP closer to bringing Azeri natural gas to Europe A Canadian pipeline company said it secured a $200 million contract from BP to help develop the second phase of the Shah Deniz gas field off the Azeri coast. ... more		Middle East violence pushes oil prices up Violence in northern Iraq, coupled with word of continued pitfalls in Libya, helped push the price of oil into higher territory in Wednesday trading. ... more		Poll: Less than half see energy security in United States Less than half of the industry respondents believe the United States has gained an energy security advantage, a survey from Deloitte found. ... more

	Iran secures gas from Turkmenistan Turkmenistan under the terms of an agreement will increase the amount of gas it exports to Iran by 20 percent, Iran's deputy oil minister said Wednesday. ... more		TransCanada: KXL delays make no sense The equivalent of eight Keystone XL oil pipelines have been built in the United States since an application was submitted, planner TransCanada said Tuesday. ... more

Trump to U.N.: 'Your countries are going to hell'

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

US lawmaker warns of military 'misunderstanding' risk with China

GOP vows to try again with Keystone XL when new Congress begins		Greenpeace accuses Canada pipeline firm of 'dirty tricks'		Spain holds Greenpeace ship protesting oil exploration		Texas plant cleared for LNG exports		Greenpeace ship Arctic Sunrise in Spanish custody
U.S. holiday commuters to save big on gas		Eni extends relationship with Turkmenistan		Russian energy interests tilting heavily toward Asia		Repsol starts controversial search for oil in Spain's Canary Islands		Oil benchmarks continue dip into red territory

Kabul, Islamabad pursue gas pipeline connections

UN targets oil trucks to cut off Islamist revenues

Norway's Statoil pegs future to East African gas

Repsol could start exploring for oil in Canary Island on Tuesday

Japan's recession big drag on oil prices

Hess starts new oil production in Gulf of Mexico

China to double Iran energy investment: official

Iraq forces break jihadist siege of main oil refinery

Greenpeace activist hurt in clash over Canaries oil exploration

Cutting Islamic State oil wealth difficult, RAND scholar says

Shell challenges Amnesty International oil spill report

Bakken behind rise in oil-by-rail shipments

EIA forecasts push oil price indices to new low

Putin: No problems for oil company Rosneft

Shell says 2008 Nigeria spills bigger than thought

Wood Mac: Gulf of Mexico oil production fades

WTI, Brent end week on a high note

U.N.: Iraqi, Kurdish oil deal good first step

Halliburton has no comment on Baker Hughes acquisition

Early Signs Of A Pullback In Drilling Activity

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