Oil and Gas News

July 20, 2015

No contact with Iran, European gas pipeline group says
Baar, Switzerland (UPI) Jul 17, 2015
A consortium managing a pipeline designed as way to diversify the European natural gas sector said it hasn't made any contacts with potential Iranian suppliers. Iran may receive staged sanctions relief as a result of the breakthrough nuclear agreement brokered with the five permanent members of the U.N. Security Council and Germany. Energy companies BP and Shell both confirmed in response to emailed questions they were reviewing potential work in an Iranian oil sector that could be opening up t ... read more

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Jul 14

Europe welcomes Polish gas diversity efforts More than half of the gas projects slated for Polish government grants will connect to European markets and help diversify the sector, an EU commissioner said. ... more		Cleanup in western Canada after oil sands spill A pipeline leak in western Canada has spilled some 31,500 barrels (five million liters) of oil sands, the owner of the affected facility said on Friday. ... more		Return of Iranian oil may cause more OPEC tensions The return of oil from Iran following the landmark nuclear energy deal with world powers could create fresh tensions within OPEC but may reinforce the cartel's output strategy, analysts say. ... more
				API sees strong U.S. energy sector Data published by the American Petroleum Institute show the U.S. energy sector is thriving, with consumption and production on the rise. ... more		Ukraine considers Kazakh gas transit options Trade agreements with Kazakhstan may include the possibility of receiving natural gas shipments sent through the country, Ukraine's government said. ... more

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Iran deal a mixed economic win for Russia: analysts The landmark deal on Iran's nuclear programme that Russia helped steer through marathon talks is a diplomatic fillip for Moscow which will boost trade with Tehran but could also hit much-needed energy revenues, analysts said. ... more		Investors eye rewards and risks in post-sanctions Iran Foreign firms are eager to exploit the potential of Iran's long-isolated economy following a landmark nuclear deal, but experts say doing business in the Islamic republic will remain hugely challenging. ... more		As world burns, India's Amitav Ghosh writes for the future Fire on Ice: The Arctic's Changing Fire Regime Cosmic krypton timestamps reveal Australia landscape evolution and resources		Santos navigating weak energy market Australian energy company Santos said it was maintaining its production guidance moving forward despite reductions in capital and operating expenditure. ... more
				Hydraulic fracturing linked to hospitalization rates in Marcellus shale area Hospitalizations for heart conditions, neurological illness, and other conditions were higher among people who live near unconventional gas and oil drilling (hydraulic fracturing), according to new ... more		The Multi-Trillion Dollar Oil Market Swindle By Leonard Brecken of Oilprice.com In the past, I documented the overstatements by both the IEA and EIA in 2014 and 2015 in terms of supply, inventory and understatements of demand. Others also not ... more

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Canada set energy sector records last year A federal Canadian report on the energy sector pointed to a strong 2014, though industry groups this year suggest rough waters are ahead in a weak oil market. ... more		Lending for Greece boosts oil prices Prospects of emergency lending for Greece and stable European interest rates helped lift crude oil prices that have otherwise struggled through July. ... more		GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles JWST red dots reveal rapidly growing early black holes Spaceflight study links astronaut biology to reversible shifts in epigenetic age		Wood Mackenzie: Russia's energy players resilient Consultant group Wood Mackenzie said Thursday oil and gas companies in Russia are suited well to withstand any protracted slump in the crude oil market. ... more
Norway sees oil production gains The Norwegian government reported Thursday that daily production of oil and natural gas was up from May, though total gas sales declined from May. ... more		Mexico draws natural gas interest from France French energy company Engie said Thursday it signed a series of agreements to work closer with its Mexican counterparts in the natural gas market. ... more		Kinder Morgan grabs holds of Georgia LNG project Infrastructure leader Kinder Morgan announced it bought the entire stake in a liquefied natural gas terminal in Savannah, Ga., for $630 million from Shell. ... more		Fracking report a 'road map' to safer energy production A new report to state lawmakers on hydraulic fracturing in California provides an important road map for scientists as they strive to produce energy while protecting human health and the environment ... more

	LNG deliveries mulled for Ukrainian market A Texas-based company, led in part by a former Conoco Phillips veteran, said it was reviewing the prospects of shipping liquefied natural gas to Ukraine. ... more		Oil sinks on outlook for more Iran crude exports Oil prices sank Wednesday as traders priced in the impact on global oversupply from Iran's historic nuclear deal with major powers. ... more

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BHP Billiton takes hit on U.S. shale but soldiers on		ADB: LNG short-term boost to Pacific economies		We are engaged, Shell says after Iranian deal		OPEC, Get Ready For The Second US Oil Boom		Plains taking extra caution with St. Louis oil spill

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