Oil and Gas News

December 22, 2014

Moscow confirms status of South Stream
Moscow (UPI) Dec 22, 2014
A gas pipeline dubbed Turkish Stream will be built by Russian energy company Gazprom instead of the South Stream project for Europe, an official said Monday. Russian President Vladimir Putin said during an early December meeting in Ankara the long-planned South Stream natural gas pipeline "will not be carried out." South Stream had an optimum capacity of 2.2 trillion cubic feet per year. It would've stretched across the Black Sea to Bulgaria and then north to European markets. "Th ... read more

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Russia may scrap arctic oil ambitions Russian oil company Rosneft said Monday it may have to postpone its drilling program in the arctic temporarily, but doesn't rule out future operations. ... more		Iran wary of regional oil conspiracies The Iraqi speaker of parliament said Monday from Syria his government was mindful of regional players working against Tehran in the global oil marketplace. ... more		Morocco natural gas reserves emerging Morocco could be emerging as a major regional player in terms of potential natural gas production, companies working on fledgling campaigns there said Monday. ... more
				BG Group readies for first Australian LNG shipments A tanker designated to take the first shipments of liquefied natural gas from the Gladstone project in Australia has arrived at port, BG Group said Monday. ... 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		Statoil ready for work in vast North Sea field Norwegian energy company Statoil said Friday it awarded a drilling contract to oil services company Schlumberger for the vast Mariner field in the North Sea. ... more		Typhoon Ragasa hits south China after killing 15 in Taiwan Toxic homes a lasting legacy of Los Angeles fires Climate change causing havoc with global water cycle: UN		Ruble will rise, Putin aide says An aide to Russian President Vladimir Putin said Friday recent banking measures should sustain the rise in the value of the Russian currency, the ruble. ... more
				Crude oil prices riding global stock market waves Word of a revision to Chinese growth domestic product and continued rallies in major stock market indices helped lift crude oil prices in global trading Friday. ... more		War hurting Libyan oil, but NATO rules out intervention With conflict curbing Libya's oil potential, NATO officials said they've reviewed the situation, but have not discussed any military role in the country. ... more

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Keystone XL no longer makes sense, critics argue A memo sent to the White House by lead environmental groups argues the Keystone XL pipeline planned from Canada fails key climate tests. ... more		Enbridge oil pipeline restarted after spill Canadian energy company Enbridge said it restarted an oil pipeline that feeds U.S. Midwest markets from Alberta after an earlier release of 1,350 barrels. ... more		NASA says on track to send astronauts around the Moon in 202 NASA launches mission to study space weather NASA's ESCAPADE craft returns to Florida for fall mission to Mars		Chevron halts effort to explore Beaufort Chevron has suspended plans for Arctic exploration offshore Canada due in part to uncertainty following the drop in oil prices, the company told regulators this week. ... more
Oil spill closes Enbridge line in Saskatchewan Canadian pipeline company Enbridge said it shut down a pipeline in Saskatchewan after more than 1,000 barrels of oil were spilled. ... more		Nature fires back at EIA shale gas critique The journal Nature stands by the accuracy of a feature questioning the longevity of the growth in U.S. shale natural gas, the features editor said Thursday. ... more		Oil markets climb along with global stock indices Steady improvements in the U.S. economy and economic assurances offered Thursday by the Russian president helped right the ship for crude oil markets. ... more		Marathon trims capital programs for 2015 Marathon Oil Corp. said trimming its 2015 capital program by 20 percent was a reflection of the need to manage cash flow in the bear market for crude oil. ... more

	UN sends team to clean up Bangladesh oil spill The United Nations said Thursday it has sent a team of international experts to Bangladesh to help clean up the world's largest mangrove forest, more than a week after it was hit by a huge oil spill. ... more		New York state bans fracking Governor Andrew Cuomo said Wednesday he would ban hydraulic fracking in New York State, citing health concerns about the controversial oil and gas drilling technique. ... more

US lawmaker warns of military 'misunderstanding' risk with China

Spain approves 'total' arms embargo against Israel

Khamenei says Iran 'won't yield' to pressure to abandon uranium enrichment

Norwegian oil production down 5 percent		Sudan unveils oil ambitions		Kurdish oil vital for Iraq, London says		Obama bars oil, gas drilling in Alaska haven		Oil prices land blow to OPEC, EIA says
Sen. Hoeven: Keystone XL tops agenda for new Congress		Energy group questions Bristol Bay moratorium		U.S. drivers saving millions of dollars on gas		Oil Price Tumbles After OPEC Releases 2015 Forecast		More Kurdish oil expected after field upgrades

Chinese slowdown further drag on oil

Encana: U.S. shale tops agenda despite low oil prices

North Dakota funds economic diversity effort

Islamists mount air raid near key Libyan oil terminals

Chevron suspends Ukrainian shale efforts

Oil price indices get minor lift

North Sea oil player, Noreco, hurt by low oil prices

New major gas find offshore Israel

Offshore Congo exceeds Eni's expectations

China extends $2bn credit line to Angolan state oil firm

Impact and toxicity of biocides used in fracking remains largely unknown

Norway's Oil Decline Accelerating

Apache dumps Australian, Canadian LNG assets

Technology-dependent Emissions of Gas Extraction in the US

Stanford professor discusses minimizing impact of fracking

Iran to seek end to 'cruel' sanctions on energy

After Lima, Peru criticized for oil policies

Crude oil cargo for ESA's first flight with China

US Congress moves to approve Russia sanctions, arms for Ukraine

Too soon to lift oil export ban, Congress hears

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