Publication: Oil & Gas Eurasia

First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

New EU sanctions on Russia go into effect - target oil

The European Union has agreed to introduce new sanctions against Russia targeting oil and defence firms, but could lift them if a Ukraine ceasefire holds, EU head Herman Van Rompuy said. Under the latest round, the EU said three major Russian oil companies ... [Published Oil & Gas Eurasia - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Statoil, GE and Ferus Natural Gas Fuels Expanding Flare Gas Solution in Bakken

A joint venture of GE and Ferus Natural Gas Fuels, along with Statoil, a leader in the oil and gas exploration and production industry, yesterday announced the planned expansion of a pilot project to capture flare gas and use it to power up to six of ... [Published Oil & Gas Eurasia - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Scottish Independence: Expert Predicts 99 Further North Sea Oil & Gas Finds

A leading oil economist has predicted a potential North Sea bonus of 99 new discoveries in the next 30 years, writes Energy Voice portal.  Alex Kemp, from the University of Aberdeen, has used detailed financial modelling to set out “commercially viable” ... [Published Oil & Gas Eurasia - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Japanese Manufacturers Eager to Build New Vessels for the Russian Market

The fourth Russian-Japanese seminar Development of Cooperation in Shipbuilding and Ship Repair, organised by Russian Maritime Register of Shipping (RS) and the Japan Ship Machinery & Equipment Association (JSMEA), was held on 4-5 September in St. Pet ... [Published Oil & Gas Eurasia - Sep 11 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Gazprom Neft, Weatherford Sign Strategic Cooperation Agreement

Gazprom Neft and Weatherford yesterday announce the signing of a strategic cooperation agreement that will enable technology collaboration through frequent knowledge and information sharing.The experts of Gazprom Neft and Weatherford will jointly explore ... [Published Oil & Gas Eurasia - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 11 2014 - 1 reports

Production Started from Fram H-North and Svalin C Fields in the North Sea

Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of infrastructure in a manner which helps extend the lifetime ... [Published Oil & Gas Eurasia - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 11 2014 - 1 reports

Scottish Independence: BP and Shell Bosses Back Sir Ian Wood

BP’s chief executive Bob Dudley has supported Sir Ian Wood’s call for realism in the Scottish Independence debate.  BP’s top boss went as far as saying Scotland was best “maintaining the existing capacity and integrity of the United Kingdom”.The company ... [Published Oil & Gas Eurasia - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

EIA: World Liquid Fuels Use Projected to Rise 38% by 2040

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released yesterday by the U.S. Energy ... [Published Oil & Gas Eurasia - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

EIA: The Sanctions Could Have a Profound Effect on the Russia's Future Production Potential

Russia's annexation of Crimea in March 2014 and its role in the unrest in eastern Ukraine have raised tensions between Russia and the West. So far, Western sanctions that have targeted specific Russian citizens seem to have had little impact on the Russian ... [Published Oil & Gas Eurasia - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Maersk Considers Angolan Sale

Maersk Oil is considering selling off a portion of its stake in Angola’s Chissonga. The Chissonga lies in 1,500 meters of water, making it an expensive deepwater oil development project.Maersk Oil has a 65% stake in the block which is thought to contain ... [Published Oil & Gas Eurasia - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

EIA: Russia May Increase Crude and Lease Condensate Production to 11.1 MMbbl/d in 2040

Russia is the non-OECD Europe and Eurasia's top oil producer, and with rich resources and new investment in exploration it is likely to remain an important liquid fuels producer in the future, according to IEO2014 released yesterday by EIA.At present, ... [Published Oil & Gas Eurasia - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

Shell is Looking to Sell off More of its Nigerian Assets

The company has decided to sell off another four oil fields as well as a pipeline that it co-owns with local buyers in the country. Over the past few years the company has sold a number of its onshore fields, with theft and sabotage of its facilities ... [Published Oil & Gas Eurasia - Sep 10 2014]

Quotes

...fuels use will be largely driven by demand in the developing world, especially in Asia and the Middle East," said EIA Administrator Adam Sieminski. "Those two regions combined account for 85% of the total increase in liquid fuels used worldwide over that period."
"We have succeeded in delivering two new high-quality projects within budget. We set lofty goals as regards implementation time for the fast-track development projects, and we were able to reduce the time by about 40% on average. Svalin C and Fram H-North contribute towards our goal" says Anders Opedal, senior vice president for projects in Statoil
"Fossil fuels are a finite resource and as our population continues to grow we are going to have to come up with new ways to meet increasing energy demands. It is a substantial challenge, however, to develop a renewable process that is low-cost and economically sustainable. At the moment algae can be used to make biodiesel, but it is not commercially viable as harvesting and processing requires a lot of energy and money. So we chose propane because it can be separated from the natural process with minimal energy and it will be compatible with the existing infrastructure for easy use" added Dr Jones
"Depending on the situation on the ground, the EU stands ready to review the agreed sanctions in whole or in part" he said

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New EU sanctions on Russia go into effect - tar... [Published Oil & Gas Eurasia - Sep 12 2014]
Scottish Independence: Expert Predicts 99 Furth... [Published Oil & Gas Eurasia - Sep 11 2014]
Japanese Manufacturers Eager to Build New Vesse... [Published Oil & Gas Eurasia - Sep 11 2014]
Statoil, GE and Ferus Natural Gas Fuels Expandi... [Published Oil & Gas Eurasia - Sep 11 2014]
Gazprom Neft, Weatherford Sign Strategic Cooper... [Published Oil & Gas Eurasia - Sep 11 2014]
EIA: World Liquid Fuels Use Projected to Rise 3... [Published Oil & Gas Eurasia - Sep 10 2014]
EIA: Russia May Increase Crude and Lease Conden... [Published Oil & Gas Eurasia - Sep 10 2014]
EIA: The Sanctions Could Have a Profound Effect... [Published Oil & Gas Eurasia - Sep 10 2014]
Scottish Independence: BP and Shell Bosses Back... [Published Oil & Gas Eurasia - Sep 10 2014]
Shell is Looking to Sell off More of its Nigeri... [Published Oil & Gas Eurasia - Sep 10 2014]
Maersk Considers Angolan Sale [Published Oil & Gas Eurasia - Sep 10 2014]
Production Started from Fram H-North and Svalin... [Published Oil & Gas Eurasia - Sep 10 2014]
Scientists Create Renewable Fossil Fuel Alterna... [Published Oil & Gas Eurasia - Sep 09 2014]
The Telegraph: If We Don’t Find Oil in the Ice,... [Published Oil & Gas Eurasia - Sep 09 2014]
EU adopts new sanctions against Russia's top oi... [Published Oil & Gas Eurasia - Sep 09 2014]
GMT Bunkers its LNG Vessel in Russia for the Fi... [Published Oil & Gas Eurasia - Sep 09 2014]
TransGlobe Wins New Block in Egypt [Published Oil & Gas Eurasia - Sep 09 2014]
Ruble Is the Latest Casualty in Ukraine Crisis [Published Oil & Gas Eurasia - Sep 08 2014]
Iran to Boost Oil Products Storage Capacity by ... [Published Oil & Gas Eurasia - Sep 08 2014]
Scotland Leads Calls for Crackdown on Trade in ... [Published Oil & Gas Eurasia - Sep 08 2014]
US Shale Boom Could Help establish LNG as Bunke... [Published Oil & Gas Eurasia - Sep 08 2014]
Halliburton Expresses Interest in Romania’s Oil... [Published Oil & Gas Eurasia - Sep 08 2014]
Tight Oil Production Started in Belarus [Published Oil & Gas Eurasia - Sep 05 2014]
PKN ORLEN Awarded Index of Success 2013 [Published Oil & Gas Eurasia - Sep 05 2014]
Ceasefire Process Brings Sanctions Risk Relief [Published Oil & Gas Eurasia - Sep 04 2014]
Romania Anticipates EUR 4-5 bln Investments fro... [Published Oil & Gas Eurasia - Sep 04 2014]
ION Files Lawsuit Against Russian Entities for ... [Published Oil & Gas Eurasia - Sep 04 2014]
Halliburton to Pay $1.1 Billion to Settle Spill... [Published Oil & Gas Eurasia - Sep 03 2014]
African Petroleum Seeks West Africa Partners [Published Oil & Gas Eurasia - Sep 03 2014]
Lukoil Received $1 bln Compensation for West Qu... [Published Oil & Gas Eurasia - Sep 02 2014]
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