Energy

First reported 7 hours ago - Updated 23 mins ago - 4 reports

Hydraulic Stimulation in ATP 855 commences early September 2014

Icon Energy Limited ASX ICN advises that the ATP 855 Joint Venture has reached agreement on the forthcoming hydraulic stimulation and testing program to be undertaken by Condor Energy Services Limi ... [Published OilVoice - 23 mins ago]
First reported 17 hours ago - Updated 32 mins ago - 9 reports

Rosneft and PDVSA sign major collaboration agreements to boost Venezuela’s oil production

As part of the document, the parties express their interest to continue negotiations with the goal of reaching an agreement on key technical requirements, commercial and legal terms for the potential establishing of joint ventures to develop Rio-Caribe ... [Published Oil & Gas Technology - 32 mins ago]
First reported 20 hours ago - Updated 3 hours ago - 26 reports

US bars Kurdish oil from Texas port

A U.S. District Court judge ordered a U.S. marshal to seize the cargo – about 1 million barrels of crude oil, worth about $100 million – aboard the tanker United Kalavryta in response to a complaint filed by the Iraqi government claiming the oil was smuggled ... [Published Journal-Gazette - 3 hours ago]
First reported Jul 29 2014 - Updated 4 hours ago - 72 reports

New sanctions on Russia could harm business, BP warns

Ron Bousso LondonOIL AND gas producer BP reported a sharp rise in second-quarter profit yesterday but warned that further Western sanctions on Russia could damage its business there and its relationship with state-controlled oil company Rosneft.BP said ... [Published IOL - 5 hours ago]
First reported Jul 29 2014 - Updated 5 hours ago - 8 reports

Saipem awarded drilling contracts

| More Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately US$850 million of which US$540 million are related to offshore activity and refer to four different units of Saipem’s ... [Published Offshore Shipping Online - 5 hours ago]
First reported Jul 29 2014 - Updated 6 hours ago - 13 reports

CNOOC Limited - Lishui 36-1 gas field starts production

Wednesday, Jul 30, 2014HONG KONG, July 29, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that the Lishui 36-1 gas field has commenced production.Lishui 36-1 gas field is located 150 kilometres away from Wenzhou ... [Published Your Oil and Gas News - 6 hours ago]
First reported Jul 29 2014 - Updated 7 hours ago - 7 reports

Brent oil firm on new Russia sanctions; US slips on refinery

Brent crude ended slightly higher on Tuesday as new sanctions on Russia looked set to worsen relations between Moscow and the West, while US prices slipped after a Kansas refinery fire curbed demand for WTI crude. Brent futures reversed early morning ... [Published KiniBiz - 11 hours ago]
Entities: Refinery, Sanctions, Russia
First reported Jul 29 2014 - Updated 12 hours ago - 16 reports

Kansas refinery fire leads to $1 drop in U.S. crude oil

CVR Refining’s 115,000-barrel-per-day refinery in Coffeyville, Kansas, was shut on Tuesday after a fire broke out at a unit that upgrades gasoline, injuring four employees.The fire in the isomerization unit began just after midnight and was extinguished ... [Published DailyMe.Com - 12 hours ago]
First reported 20 hours ago - Updated 13 hours ago - 9 reports

In New Sanctions, E.U. Inches Dangerously Close To Russian Gas

Europe’s latest round of sanctions are more punishing than ever.  Brussels has moved dangerously close to ticking off Russian natural gas companies.The sanctions have hit financial markets.  Russia’s foreign bond market for new OFZ debt has closed.It’s ... [Published Forbes.com - 13 hours ago]
First reported Jul 29 2014 - Updated 22 hours ago - 56 reports

What risk does BP face from Russian sanctions?

BP's profits rise but investors are worried that sanctions imposed on Russia could adversely impact its business British oil giant BP has reported a sharp jump in second quarter profits to $3.64bn (£2.14bn).Despite the profit jump, there are concerns ... [Published Telegraph - 22 hours ago]
First reported Jul 28 2014 - Updated Jul 29 2014 - 73 reports

Russia to appeal Hague ruling ordering $50bn compensation to Yukos shareholders

Russia has accused a Hague court of political bias after it ruled that it should pay $50bn (37bn euros) in damages to the defunct oil giant Yukos.Moscow lawyers say an appeal will be launched against the decision which is the biggest compensation package ... [Published EuroNews - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 89 reports

Ex Yukos Shareholders Win $50B Landmark Case Against Russia

The $50 billion in damages against Russia is one of the biggest arbitration awards ever made against a sovereign stateThe Hague’s arbitration court ruled Monday that Russia owes former shareholders of the now-defunct oil giant Yukos over $50 billion in ... [Published Value Walk - Jul 28 2014]

Quotes

"I think it needs completely new leadership and a new structure" he said
Iraq's government is allowed to move the oil, under supervision of U S marshals, "to a storage facility for the safekeeping of the cargo" according to the Order to Seize Cargo
"In addition, the LPG market is growing, with recent figures showing an annual growthgrowth rate of 3.8% forecast until 2018. This means there is a vast number of off-grid homes that require an alternative fuel supply such as LPG, presenting an ideal growth opportunity."
"The benefits from this development are expected to make a positive difference locally and will lead to further investment from offshore partners in the Highland and Moray Firth region" said Drew Hendry, leader of The Highland Council

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