Energy

First reported 7 hours ago - Updated 2 hours ago - 3 reports

LNG terminal to be completed in Feb: Ahsan

ISLAMABAD - Minister for Planning, Development and Reforms Ahsan Iqbal Saturday said that the Liquified Natural Gas (LNG) terminal would be completed in February, 2015 which would help a lot to overcome energy crisis in the country.Addressing a meeting ... [Published The Nation Pakistan - 4 hours ago]
First reported Oct 24 2014 - Updated 15 hours ago - 4 reports

Mexico's Pemex Reports Loss

Mexico City, Oct 24 (EFE).- Mexican state-owned oil company Petroleos Mexicanos reported an $11.02 billion net loss in the first nine months of 2014, up 60.2 percent from the same period of last year.... ... [Published Town Hall - 15 hours ago]
First reported Oct 24 2014 - Updated Oct 25 2014 - 9 reports

EU reaches climate change deal

The European Union has agreed a deal to cut greenhouse gas emissions by 40 percent by 2030.Energy secretary Ed Davey said: “This is a historic moment. Europe has sent a clear and firm message to the world that ambitious climate action is needed now. True ... [Published Renewable Energy Installer - Oct 24 2014]
First reported Oct 24 2014 - Updated Oct 25 2014 - 11 reports

Oil&Gas: Statoil expands in Australia

Norwegian energy provider Statoil continues to expand in Australia, with the award of a 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. ... [Published Norway Post - Oct 25 2014]
Entities: Statoil ASA, Australia
First reported Oct 24 2014 - Updated Oct 25 2014 - 8 reports

Pacific Northwest LNG President Resigns

Greg Kist goes back to AlbertaKathy Brookes10/24/2014The president of Pacific Northwest LNG has resigned.In a statement this morning, the consortium led by Malaysian energy giant Petronas says Greg Kist is returning to his home and family in Alberta.Pacific ... [Published CJFW - Oct 25 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 5 reports

CNOOC proves oil and gas in shallow-water Bohai play

Offshore staffHONG KONG – CNOOC has what it describes as a potentially large oil discovery in shallow water in the Bohai Bay offshore China .The Jinzhou 23-2-3 well was drilled on the Jinzhou 23-2 structure in the north part of the Liaodong Uplift, where ... [Published Offshore oil and gas - Oct 24 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 4 reports

Key testimony in BP oil spill ruling wasn't excluded, DOJ says

The Justice Department says there's ample evidence for a federal judge's decision that BP acted recklessly in the lead-up to the 2010 Gulf oil spill, and that BP's request for a new trial should be denied. As FuelFix.com reports, in a response to BP's ... [Published Greater Baton Rouge Business Report - Oct 24 2014]
Entities: BP plc, Testimony, Oil Spill
First reported Oct 24 2014 - Updated Oct 24 2014 - 6 reports

Petrobras makes deepwater gas, condensate discovery in Espirito Santo basin

Petroleo Brasileiro SA (Petrobras) confirmed the deepwater presence of gas and condensates through log data and cable tests from the 4-BRSA-1265-ESS well in the Espirito Santo basin post-salt.The well—known by 4-BRSA-1265-ESS to Brazil’s National Petroleum ... [Published Oil and Gas Journal - Oct 24 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 5 reports

Russia begins natural gas trading at SPIMEX

The Saint-Petersburg International Mercantile Exchange (SPIMEX) began on-exchange natural gas trading.The opening ceremony was attended by Rosneft head Igor Sechin (photo, at right), who is also Chairman of the Management Board of SPIMEX.The start of ... [Published Offshore Engineer - Oct 24 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 7 reports

Fredriksen Eyes Flex LNG Takeover

Photo credit: Flex LNGBillionaire shipping tycoon John Fredriksen is looking to take control of Oslo-listed Flex LNG following the purchase of 12.7 million shares through his firm Geveran Trading Co. Ltd., bringing his stake in the firm to 43.3 percent, ... [Published GCaptain - Oct 24 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 5 reports

Highbank Resources Commends Lowered LNG Levy for BC

Highbank Resources Ltd. (TSXV:HBK,FWB:V70) has applauded the government of British Columbia for reducing levys for LNG producers. The company believes that the revised tax structure will help bring more energy investment in BC. ... [Published Pettinga Financial Advisors - Oct 24 2014]
First reported Oct 24 2014 - Updated Oct 24 2014 - 4 reports

Karoon takes possession of the Olinda Star drilling rig

The rig is currently in the Campos Basin.Karoon Gas Australia announces the Company has now taken possession of the Olinda Star Semi-submersible drilling rig from Petrobras.The rig is currently in the Campos Basin and expected to be on location in the ... [Published Oil Earth - Oct 24 2014]

Quotes

"So far no country has said it is willing to cut," said Carsten Fritsch, analyst at Commerzbank in Frankfurt. "So it will be difficult for OPEC to find an agreement overall."
"Oil-field drilling has been here forever," Ben Moon said. "I don't believe it all had anything to do with that."
"We can only get those territories back by a political settlement and not by military means,' he said. "Nobody will stop me from seeking a peaceful way out of the situation."
"I met officials from the US recently and asked them to allow oil exports to India. We are keen to import oil from US, which currently does not allow oil exports. We will look at Russia and Latin America too" he said

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