www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Rosneft in Yukos settlement http://www.upstreamonline.com/live/1396064/rosneft-in-yukos-settlement Two Dutch foundations representing Yukos have confirmed a settlement agreement between the now defunct Russian oil player and Rosneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1396064/rosneft-in-yukos-settlement Wed, 01 Apr 2015 12:57:21 +0000 live Operators make OGA deadline http://www.upstreamonline.com/live/europe/1396058/operators-makeoga-deadline UK North Sea operators have set out in plans delivered to the country's new regulator how they intend to improve their operations and boost production. (Anamaria Deduleasa) http://www.upstreamonline.com/live/europe/1396058/operators-makeoga-deadline Wed, 01 Apr 2015 11:32:23 +0000 live live_europe DNO halts Yemen output http://www.upstreamonline.com/incoming/1395921/dno-halts-yemen-output DNO has suspended production in Yemen due to the continuing deterioration of security conditions in the country, the Oslo-listed operator said on Tuesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395921/dno-halts-yemen-output Tue, 31 Mar 2015 08:07:01 +0000 ece_incoming Buhari 'wins Nigeria election' http://www.upstreamonline.com/live/1395919/buhari-wins-nigeria-election Opposition leader Muhammadu Buhari has won the presidential election in Africa's largest oil producer after incumbent Goodluck Jonathan conceded. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395919/buhari-wins-nigeria-election Tue, 31 Mar 2015 08:00:07 +0000 live Iran deal deadline nears http://www.upstreamonline.com/live/1395874/iran-deal-deadline-nears A deadline is fast approaching for negotiators to hammer out a framework agreement over Iran’s nuclear programme and sanctions imposed on the major Middle Eastern oil producer. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395874/iran-deal-deadline-nears Mon, 30 Mar 2015 15:35:49 +0000 live Total evacuates staff at Yemen sites http://www.upstreamonline.com/incoming/1395856/total-evacuates-staff-at-yemen-sites French supermajor Total has evacuated “all expatriate staff” from Saana and Kharir in Yemen, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395856/total-evacuates-staff-at-yemen-sites Mon, 30 Mar 2015 13:11:55 +0000 ece_incoming Nigeria awaits election outcome http://www.upstreamonline.com/live/1395805/nigeria-awaits-election-outcome Vote counting is under way in Nigeria following this weekend’s presidential election that spilled over into a second day due to technical problems and security concerns. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395805/nigeria-awaits-election-outcome Mon, 30 Mar 2015 07:21:31 +0000 live Baird wins NSW election http://www.upstreamonline.com/live/1395781/baird-wins-nsw-election The Liberal-National Coalition has been returned to power over the weekend following elections in the Australian state. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395781/baird-wins-nsw-election Mon, 30 Mar 2015 01:46:24 +0000 live Galvao Engenharia in bankruptcy filing http://www.upstreamonline.com/live/1395738/galvao-engenharia-in-bankruptcy-filing Brazilian engineering firm Galvao Engenharia has filed for bankruptcy protection, becoming the latest construction company to face collapse after being accused of paying bribes to secure contracts with state oil giant Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395738/galvao-engenharia-in-bankruptcy-filing Fri, 27 Mar 2015 15:16:25 +0000 live Nigeria braced for key poll http://www.upstreamonline.com/live/1395724/nigeria-braced-for-key-poll Nigerians are preparing to head to the polls on Saturday as Africa’s largest oil producer gears up for one of its most closely-fought elections. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395724/nigeria-braced-for-key-poll Fri, 27 Mar 2015 12:33:22 +0000 live Saudis ‘to boost oilfield security’ http://www.upstreamonline.com/live/1395639/saudis-to-boost-oilfield-security Saudi Arabia is to step up security around its oilfields and installations as the country leads a campaign of air strikes against rebel forces in Yemen. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395639/saudis-to-boost-oilfield-security Thu, 26 Mar 2015 16:19:54 +0000 live Norog names new leader http://www.upstreamonline.com/live/1395588/norog-names-new-leader A former politician with Norway’s Labour Party has been appointed to take over the reins of the country’s oil and gas industry lobby group. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395588/norog-names-new-leader Thu, 26 Mar 2015 13:15:55 +0000 live Two oil workers freed in Libya http://www.upstreamonline.com/live/1395303/two-oil-workers-freed-in-libya Bangladeshis taken along with seven others from oilfield in early March release, report says Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395303/two-oil-workers-freed-in-libya Wed, 25 Mar 2015 15:42:19 +0000 live Petrobras approves governance project http://www.upstreamonline.com/live/1395283/petrobras-approves-governance-project Petrobras has approved a project to revise its corporate governance and management rules as the Brazilian state oil giant looks to unravel large-scale alleged historical corruption. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395283/petrobras-approves-governance-project Wed, 25 Mar 2015 13:28:28 +0000 live Pioneer sees demise of export ban http://www.upstreamonline.com/live/1395233/pioneer-sees-demise-of-export-ban The head of one of the first companies to export ultra-light oil from the US believes the country's ban on crude oil exports has a 50-50 chance of being repealed this year and a 100% chance of being repealed by 2017. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395233/pioneer-sees-demise-of-export-ban Tue, 24 Mar 2015 17:01:04 +0000 live PetroChina ex-energy executive Wang charged http://www.upstreamonline.com/incoming/1395119/petrochina-ex-energy-executive-wang-charged China has charged another former senior energy executive with bribery and abuse of power, as the country continues its fight against corruption. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395119/petrochina-ex-energy-executive-wang-charged Mon, 23 Mar 2015 12:27:43 +0000 ece_incoming Singapore's first prime minister dies http://www.upstreamonline.com/live/1395070/singapores-first-prime-minister-dies Singapore's first prime minister Lee Kuan Yew has died in hospital aged 91 following a battle with severe pneumonia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395070/singapores-first-prime-minister-dies Mon, 23 Mar 2015 04:25:39 +0000 live US unveils new fracking rules http://www.upstreamonline.com/live/1395001/us-unveils-new-fracking-rules The US Interior Department has unveiled its long-awaited rules for hydraulic fracturing operations on public and tribal lands, sparking complaints from industry that the new regulations will stymie growth. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1395001/us-unveils-new-fracking-rules Fri, 20 Mar 2015 17:48:35 +0000 live Mexican energy reform ‘to draw investors’ http://www.upstreamonline.com/incoming/1394962/mexican-energy-reform-to-draw-investors Mexican oil production will begin to grow again as the country’s energy sector reform will draw in foreign investors amid an impending multi-block acreage offer, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394962/mexican-energy-reform-to-draw-investors Fri, 20 Mar 2015 13:15:01 +0000 ece_incoming UK unveils North Sea support package http://www.upstreamonline.com/live/1394959/uk-unveils-north-sea-support-package The UK government has swiftly followed up wide-ranging concessions promised to the industry in Wednesday’s Budget by outlining its package of support for players operating in the North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394959/uk-unveils-north-sea-support-package Fri, 20 Mar 2015 12:26:46 +0000 live Lance backs lifting US crude export ban http://www.upstreamonline.com/live/1394907/lance-backs-lifting-us-crude-export-ban Lifting of the ban on US crude oil exports would help domestic consumers, protect and create local jobs and grow the country’s economy, according to testimony in front of a US Senate Committee from ConocoPhillips chief executive Ryan Lance. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394907/lance-backs-lifting-us-crude-export-ban Thu, 19 Mar 2015 17:18:12 +0000 live Libya’s NOC ‘operating independently’ http://www.upstreamonline.com/live/1394901/libyas-noc-operating-independently Libya’s National Oil Company (NOC) is operating “in complete independence” from both sets of rival governments that are claiming jurisdiction in the major North African producer, it has claimed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394901/libyas-noc-operating-independently Thu, 19 Mar 2015 15:48:04 +0000 live UK ‘still concerned’ over Fridman North Sea deal http://www.upstreamonline.com/incoming/1394666/uk-still-concerned-over-fridman-north-sea-deal The UK government has made it clear that it has the power to require Russian billionaire Mikhail Fridman to sell North Sea gas fields assets, a report said. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394666/uk-still-concerned-over-fridman-north-sea-deal Wed, 18 Mar 2015 15:02:01 +0000 ece_incoming Osborne goes big on North Sea tax cuts http://www.upstreamonline.com/live/1394641/osborne-goes-big-on-north-sea-tax-cuts UK Chancellor George Osborne has gone further than expected and delivered a bumper package of tax cuts estimated to be worth £1.3 billion ($1.91 billion) in support to the North Sea oil and gas industry. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394641/osborne-goes-big-on-north-sea-tax-cuts Wed, 18 Mar 2015 13:18:47 +0000 live Gulf Keystone ramping up at Shaikan http://www.upstreamonline.com/live/1394642/gulf-keystone-ramping-up-at-shaikan Shares in Gulf Keystone Petroleum started to rise on Wednesday after the company said it began to resume production at truck loading at its Shaikan oilfield in the Kurdistan region of Iraq. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394642/gulf-keystone-ramping-up-at-shaikan Wed, 18 Mar 2015 12:24:21 +0000 live Industry braced for 'watershed' UK Budget http://www.upstreamonline.com/live/1394631/industry-braced-for-watershed-uk-budget Oil and gas companies operating in the UK North Sea are on tenterhooks amid hopes Chancellor George Osborne will announce later on Wednesday a series of tax reforms to signal the struggling basin is open for business. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394631/industry-braced-for-watershed-uk-budget Wed, 18 Mar 2015 11:33:48 +0000 live Indonesia awards oil and gas acreage http://www.upstreamonline.com/incoming/1394636/indonesia-awards-oil-and-gas-acreage Indonesia has awarded conventional and unconventional oil and gas blocks off the country’s coast, government officials said. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394636/indonesia-awards-oil-and-gas-acreage Wed, 18 Mar 2015 11:10:16 +0000 ece_incoming Egypt to take Tamar gas http://www.upstreamonline.com/live/1394632/egypt-to-take-tamar-gas Noble Energy and its partners in the Tamar gas field off Israel have inked a deal to sell natural gas to Egyptian firms, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394632/egypt-to-take-tamar-gas Wed, 18 Mar 2015 10:35:25 +0000 live ExxonMobil ‘asks Russia for money back’ http://www.upstreamonline.com/incoming/1394627/exxonmobil-asks-russia-for-money-back ExxonMobil has asked the Russian government to reimburse taxes "overpaid" on a project in the far east of the country, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394627/exxonmobil-asks-russia-for-money-back Wed, 18 Mar 2015 09:55:50 +0000 ece_incoming Albania 'to sell' state oil company http://www.upstreamonline.com/incoming/1394592/albania-to-sell-state-oil-company Albania plans to soon put oil and gas acreage up for offer as it attempts once again to sell off state player Albpetrol, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394592/albania-to-sell-state-oil-company Tue, 17 Mar 2015 15:43:53 +0000 ece_incoming Liao quits PetroChina amid probe http://www.upstreamonline.com/live/1394584/liao-quits-petrochina-amid-probe Liao Yongyuan, a general manager of China National Petroleum Corporation who has been placed under investigation over alleged corruption, has resigned from related company PetroChina. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394584/liao-quits-petrochina-amid-probe Tue, 17 Mar 2015 14:12:38 +0000 live Ex-Petrobras exec Duque re-arrested http://www.upstreamonline.com/incoming/1394510/ex-petrobras-exec-duque-re-arrested A former Petrobras executive has been re-arrested by Brazilian police in the money laundering investigation scandal involving the country’s biggest companies and political parties. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394510/ex-petrobras-exec-duque-re-arrested Mon, 16 Mar 2015 14:25:57 +0000 ece_incoming CNPC manager 'in corruption probe' http://www.upstreamonline.com/live/1394506/cnpc-manager-in-corruption-probe China has put Liao Yongyuan, general manager of China National Petroleum Corporation, under investigation for alleged corruption, according to state media reports. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1394506/cnpc-manager-in-corruption-probe Mon, 16 Mar 2015 13:33:59 +0000 live Tidewater gets $46m Venezuela payback http://www.upstreamonline.com/incoming/1394489/tidewater-gets-usd-46m-venezuela-payback A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46.4 million in compensation for the expropriation of Tidewater's business and ships from 2009. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1394489/tidewater-gets-usd-46m-venezuela-payback Mon, 16 Mar 2015 10:34:13 +0000 ece_incoming Nigeria's 'economic threat for oil' http://www.upstreamonline.com/live/1394255/nigerias-economic-threat-for-oil Consulting company Control Risks has identified political uncertainty and low oil prices as key issues posing threats to Nigeria's economic growth, in the company's annual RiskMap 2015 report published today. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1394255/nigerias-economic-threat-for-oil Thu, 12 Mar 2015 10:39:14 +0000 live US removes Belarusneft sanctions http://www.upstreamonline.com/live/1394222/us-removes-belarusneft-sanctions The US has lifted sanctions against Belarusneft, imposed in 2011 after the Belarussian state-owned energy company got involved in Iran's oil sector. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1394222/us-removes-belarusneft-sanctions Wed, 11 Mar 2015 21:22:01 +0000 live IRS gets back to work on MLP rulings http://www.upstreamonline.com/live/1393871/irs-gets-back-to-work-on-mlp-rulings US tax regulators have once again begun processing inquiries by companies interested in setting up master limited partnerships (MLPs), a wildly popular business structure with midstream and some upstream operators. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1393871/irs-gets-back-to-work-on-mlp-rulings Tue, 10 Mar 2015 00:41:33 +0000 live New chairperson for OGA http://www.upstreamonline.com/live/1393826/new-chairperson-for-oga Sir Patrick Brown has been appointed as chairperson for the UK's newly established regulator - the Oil and Gas Authority (OGA). Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1393826/new-chairperson-for-oga Mon, 09 Mar 2015 12:10:38 +0000 live FBI opens office in Bakken http://www.upstreamonline.com/live/1393730/fbi-opens-office-in-bakken The US Federal Bureau of Investigation (FBI) is opening an office in the heart of the Bakken tight oil play in North Dakota to deal with an increasing number of cases there driven by the booming population. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1393730/fbi-opens-office-in-bakken Fri, 06 Mar 2015 22:33:15 +0000 live Oxy settles with Peru on pollution charges http://www.upstreamonline.com/live/1393658/oxy-settles-with-peru-on-pollution-charges Indigenous villagers in Peru have reached a negotiated settlement with Occidental Petroleum, which they had sued for allegedly polluting their lands over three decades, the two sides said on Thursday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1393658/oxy-settles-with-peru-on-pollution-charges Fri, 06 Mar 2015 01:56:20 +0000 live Statoil pays $2m for errant Bakken well http://www.upstreamonline.com/live/1393647/statoil-pays-usd-2m-for-errant-bakken-well Norwegian giant Statoil has agreed to pay a $2 million civil penalty to settle allegations that it drilled a well in the Bakken tight oil play on leases it did not control. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1393647/statoil-pays-usd-2m-for-errant-bakken-well Thu, 05 Mar 2015 23:40:47 +0000 live Scientists warn against Atlantic seismic http://www.upstreamonline.com/live/1393646/scientists-warn-against-atlantic-seismic An international group of 75 marine scientists has implored US President Barack Obama to halt seismic exploration plans off the Atlantic coast, saying the planned operations pose a "significant threat" to marine life. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1393646/scientists-warn-against-atlantic-seismic Thu, 05 Mar 2015 19:29:07 +0000 live Petrobras hearing erupts in shouting match http://www.upstreamonline.com/live/1393640/petrobras-hearing-erupts-in-shouting-match The opening of a Brazilian congressional probe into alleged corruption at state-run oil company Petrobras erupted into a shouting match on Thursday when lawmakers rushed the dais and accused the probe's leader of seeking to manipulate the outcome. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1393640/petrobras-hearing-erupts-in-shouting-match Thu, 05 Mar 2015 18:41:17 +0000 live California shuts more injection wells http://www.upstreamonline.com/live/1393458/california-shuts-more-injection-wells California regulators are shutting down another 12 wastewater injection wells in California that pump into aquifers that might one day be needed for human consumption. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1393458/california-shuts-more-injection-wells Wed, 04 Mar 2015 19:46:19 +0000 live LetterOne 'still looking to seal UK assets' http://www.upstreamonline.com/live/1393436/letterone-still-looking-to-seal-uk-assets Russian billionaire Mikhail Fridman's LetterOne investment fund said it was still keen to work with the British government to find a solution that would allow it to complete its buy of RWE Dea's assets in the UK North Sea. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1393436/letterone-still-looking-to-seal-uk-assets Wed, 04 Mar 2015 16:29:20 +0000 live Sarawak lobbying for more royalties http://www.upstreamonline.com/live/1393385/sarawak-lobbying-for-more-royalties Sarawak, the East Malaysian state that is home to much of the nation’s oil and gas production, will continue to negotiate with national oil company Petronas for better hydrocarbon royalties, said Sarawak Chief Minister Adenan Satem. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1393385/sarawak-lobbying-for-more-royalties Wed, 04 Mar 2015 08:29:14 +0000 live Petoro in Sverdrup 'stake switch' http://www.upstreamonline.com/live/1393219/petoro-in-sverdrup-stake-switch Norway’s state oil holding company Petoro reportedly backpedalled on its demand for a higher stake in the Johan Sverdrup project in an apparent compromise to prevent last month’s submission of the field development plan being delayed  – resulting in a significant loss in value for state coffers. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1393219/petoro-in-sverdrup-stake-switch Mon, 02 Mar 2015 11:52:25 +0000 live Uganda round 'lacks safeguards' http://www.upstreamonline.com/live/1393102/uganda-round-lacks-safeguards Global Witness is calling for the Ugandan government to implement safeguards to prevent corruption and protect the environment after launching the country’s first competitive licensing round. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1393102/uganda-round-lacks-safeguards Fri, 27 Feb 2015 15:25:37 +0000 live Venezuela, Trinidad sign agreements http://www.upstreamonline.com/live/1392669/venezuela-trinidad-sign-agreements Energy giants Trinidad & Tobago and Venezuela signed a suite of agreements for the development of a cross-border natural gas field and the trade of crude oil. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1392669/venezuela-trinidad-sign-agreements Wed, 25 Feb 2015 06:15:15 +0000 live Obama vetoes Keystone XL bill http://www.upstreamonline.com/live/1392652/obama-vetoes-keystone-xl-bill US President Barack Obama has vetoed legislation that would have approved construction of the controversial Keystone XL pipeline, making good on a promise that has infuriated conservatives and oil and gas proponents. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1392652/obama-vetoes-keystone-xl-bill Tue, 24 Feb 2015 21:11:57 +0000 live Canada to raise insurance needs for rail http://www.upstreamonline.com/live/1392543/canada-to-raise-insurance-needs-for-rail Canada will boost the minimum insurance that railways will be required to carry when they haul crude oil and will impose levies on oil shipments to build up a supplementary fund to cover major disasters, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1392543/canada-to-raise-insurance-needs-for-rail Mon, 23 Feb 2015 17:03:35 +0000 live US proposes new rules for Arctic drilling http://www.upstreamonline.com/live/1392310/us-proposes-new-rules-for-arctic-drilling The Obama administration on Friday proposed standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1392310/us-proposes-new-rules-for-arctic-drilling Sat, 21 Feb 2015 00:56:28 +0000 live New Canada tax rules target LNG investors http://www.upstreamonline.com/live/1392277/new-canada-tax-rules-target-lng-investors The Canadian government is targeting new investment in its burgeoning liquefied natural gas export industry by creating a new programme allowing proponents to recover capital costs more quickly. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1392277/new-canada-tax-rules-target-lng-investors Fri, 20 Feb 2015 20:09:27 +0000 live Six contractors sued in Brazil over scandal http://www.upstreamonline.com/live/1392276/six-contractors-sued-in-brazil-over-scandal Brazilian prosecutors filed lawsuits against six construction and engineering groups, seeking 4.47 billion reais ($1.55 billion) in damages in connection with a contract-fixing, bribery and political kickback scandal at state-run oil company Petrobras. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1392276/six-contractors-sued-in-brazil-over-scandal Fri, 20 Feb 2015 19:55:11 +0000 live Schlumberger Eurasia deal delayed http://www.upstreamonline.com/live/1392209/schlumberger-eurasia-deal-delayed Shares in Russian contractor Eurasia Drilling have slumped in London on Friday after the company revealed its planned merger with Schlumberger has been delayed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1392209/schlumberger-eurasia-deal-delayed Fri, 20 Feb 2015 12:48:50 +0000 live OGA hunts more key leaders http://www.upstreamonline.com/live/1392205/oga-hunts-more-key-leaders The UK Oil & Gas Authority (OGA) on Friday embarked on a fresh round of recruitment for seven senior officials who will be instrumental in shaping the work of the new regulator. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1392205/oga-hunts-more-key-leaders Fri, 20 Feb 2015 12:18:10 +0000 live Indian ministry workers arrested in oil doc theft http://www.upstreamonline.com/live/1392156/indian-ministry-workers-arrested-in-oil-doc-theft Two employees from the Indian Petroleum Ministry are among seven people arrested by the Delhi police in a major crackdown on corporate espionage in the country’s Petroleum Ministry, which allegedly involved leaking official documents to corporate houses. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1392156/indian-ministry-workers-arrested-in-oil-doc-theft Thu, 19 Feb 2015 22:22:47 +0000 live Europe 'will see new gas pipeline': Roiss http://www.upstreamonline.com/live/1391946/europe-will-see-new-gas-pipeline-roiss Europe will build a new pipeline to receive Russian gas in the coming years despite the collapse of the South Stream and Nabucco projects, OMV chief executive Gerhard Roiss has predicted. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1391946/europe-will-see-new-gas-pipeline-roiss Thu, 19 Feb 2015 12:27:21 +0000 live Ohio court strikes blow to local frac laws http://www.upstreamonline.com/live/1391793/ohio-court-strikes-blow-to-local-frac-laws Ohio's Supreme Court has ruled that certain local zoning laws banning hydraulic fracturing do not supersede the US state's authority to regulate oil and gas drilling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1391793/ohio-court-strikes-blow-to-local-frac-laws Tue, 17 Feb 2015 22:05:15 +0000 live BP sees 'years' of market weakness http://www.upstreamonline.com/live/1391769/bp-sees-years-of-market-weakness The current oil market weakness will most likely “take several years” to unravel, but global energy demand is still set to rise by more than a third in the next two decades, according to BP’s latest Energy Outlook 2035. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391769/bp-sees-years-of-market-weakness Tue, 17 Feb 2015 12:57:31 +0000 live Baghdad ‘cannot afford’ KRG oil dues http://www.upstreamonline.com/live/1391724/baghdad-cannot-afford-krg-oil-dues Talks to finalise agreement between Iraqi and Erbil administration fail to fine resolution as money runs tight Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391724/baghdad-cannot-afford-krg-oil-dues Mon, 16 Feb 2015 16:08:12 +0000 live JKX takes Ukraine to arbitration http://www.upstreamonline.com/live/1391684/jkx-takes-ukraine-to-arbitration UK junior JKX Oil & Gas has begun arbitration proceedings against Ukraine over losses it said it has sustained over treaty violations by the Kiev administration. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391684/jkx-takes-ukraine-to-arbitration Mon, 16 Feb 2015 08:44:54 +0000 live Fatih Birol to be IEA's next director http://www.upstreamonline.com/live/1391590/fatih-birol-to-be-ieas-next-director The International Energy Agency’s chief economist Fatih Birol is to become the next executive director of the inter-governmental energy advisory organisation. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1391590/fatih-birol-to-be-ieas-next-director Fri, 13 Feb 2015 14:15:19 +0000 live Det Norske 'faces ministry snub' on Sverdrup http://www.upstreamonline.com/live/1391585/det-norske-faces-ministry-snub-on-sverdrup The surprising move by Det Norske Oljeselskap not to sign the unitisation deal for the Johan Sverdrup field development off Norway will most likely not affect the distribution of ownership. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391585/det-norske-faces-ministry-snub-on-sverdrup Fri, 13 Feb 2015 13:22:06 +0000 live Pires keeps petroleum portfolio http://www.upstreamonline.com/live/1391545/pires-keeps-petroleum-portfolio Alfredo Pires has been retained as Timor-Leste's Minister of Petroleum and Mineral Resources following a major cabinet reshuffle in the wake of the surprise resignation of Prime Minister Xanana Gusmao. (Russell Searancke) http://www.upstreamonline.com/live/1391545/pires-keeps-petroleum-portfolio Fri, 13 Feb 2015 02:20:31 +0000 live Yemen LNG 'operating and exporting' http://www.upstreamonline.com/live/1391523/yemen-lng-operating-and-exporting France’s Total has confirmed that its liquefied natural gas project at Balhaf in the Gulf of Aden, Yemen LNG, is producing from one train and exporting as normal, according to a report. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1391523/yemen-lng-operating-and-exporting Thu, 12 Feb 2015 16:57:29 +0000 live Rosneft loses Dutch Yukos case http://www.upstreamonline.com/live/1391479/rosneft-loses-dutch-yukos-case Russian state giant hit with damages claim and legal bill over case involving subsidiary of defunct compatriot Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391479/rosneft-loses-dutch-yukos-case Thu, 12 Feb 2015 08:45:21 +0000 live Congress send Keystone XL bill to Obama http://www.upstreamonline.com/live/1391466/congress-send-keystone-xl-bill-to-obama The Republican-led Congress gave final passage on Wednesday to a bill to approve the long-pending Keystone XL pipeline, a measure that next goes to President Barack Obama, who has vowed to veto it. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1391466/congress-send-keystone-xl-bill-to-obama Thu, 12 Feb 2015 00:05:15 +0000 live Peru protests leave one dead http://www.upstreamonline.com/live/1391461/peru-protests-leave-one-dead At least one person was killed and dozens injured in protests against natural gas exploration in a Peruvian jungle town, according to reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1391461/peru-protests-leave-one-dead Wed, 11 Feb 2015 22:02:38 +0000 live UK election may hit shale prospects http://www.upstreamonline.com/live/1391294/uk-election-may-hit-shale-prospects UK shale may be facing a worsening policy climate by the summer depending on the results of the country’s next general election, an analysis has warned. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1391294/uk-election-may-hit-shale-prospects Wed, 11 Feb 2015 14:42:01 +0000 live Petrobras ‘eyes results release date’ http://www.upstreamonline.com/live/1391291/petrobras-eyes-results-release-date Petrobras is aiming to release its much-delayed audited third-quarter financial results by the end of March as the beleaguered Brazilian state giant tries to fend off possible loan defaults, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391291/petrobras-eyes-results-release-date Wed, 11 Feb 2015 13:21:13 +0000 live Niger Delta kidnaps ‘stubbornly high’ http://www.upstreamonline.com/live/1391285/niger-delta-kidnaps-stubbornly-high Kidnapping levels off Nigeria “remained stubbornly high” last year despite a 12% drop in the number of maritime security incidents, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391285/niger-delta-kidnaps-stubbornly-high Wed, 11 Feb 2015 10:06:12 +0000 live Shelling in S Sudan oil town - reports http://www.upstreamonline.com/live/1391223/shelling-in-s-sudan-oil-town-reports The South Sudanese oil town of Bentiu has come under fire from rebels despite a recently-brokered peace deal with the government, according to reports. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1391223/shelling-in-s-sudan-oil-town-reports Tue, 10 Feb 2015 15:57:12 +0000 live Angola cuts budget amid lower oil prices http://www.upstreamonline.com/live/1391059/angola-cuts-budget-amid-lower-oil-prices Angola's cabinet has cut proposed 2015 budget spending by 1.8 trillion kwanza ($17 billion) to 5.4 trillion kwanza after slashing expected oil revenues, according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1391059/angola-cuts-budget-amid-lower-oil-prices Mon, 09 Feb 2015 04:22:05 +0000 live Gulf Keystone output under 10,000bpd http://www.upstreamonline.com/live/1390938/gulf-keystone-output-under-10000bpd Gulf Keystone Petroleum’s production in the Kurdistan region of Iraq has dropped to 8200 barrels per day of oil following its decision to halt exports through Turkey. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390938/gulf-keystone-output-under-10000bpd Fri, 06 Feb 2015 16:57:56 +0000 live BNDES halts $3.2bn loan on Sete probe news http://www.upstreamonline.com/live/1390968/bndes-halts-usd-32bn-loan-on-sete-probe-news Brazil’s national development bank BNDES has postponed a $3.2 billion credit lifeline for several Brazilian shipyards following press reports suggesting that rig-building entity Sete Brasil was involved in the corruption of a network now known to have engulfed the whole contracting and procurement process at state-controlled player Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390968/bndes-halts-usd-32bn-loan-on-sete-probe-news Fri, 06 Feb 2015 16:19:01 +0000 live Brazil police 'quiz Rousseff party treasurer' http://www.upstreamonline.com/live/1390878/brazil-police-quiz-rousseff-party-treasurer Brazilian police are questioning the treasurer of President Dilma Rousseff's ruling Worker's Party as part of the investigation into widespread corruption at state oil giant Petrobras, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390878/brazil-police-quiz-rousseff-party-treasurer Thu, 05 Feb 2015 13:41:40 +0000 live ‘Shale’s position under pressure’ http://www.upstreamonline.com/live/1390521/shales-position-under-pressure The North American tight oil market is no “permanent game changer” and the shale industry has already proved a political failure in many key economies, according to an International Energy Agency official. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390521/shales-position-under-pressure Tue, 03 Feb 2015 15:10:03 +0000 live US government sells historic Teapot Dome field http://www.upstreamonline.com/live/1390456/us-government-sells-historic-teapot-dome-field The US government has sold its petroleum reserve at the infamous Teapot Dome oilfield in Wyoming to a unit of industrial conglomerate Alleghany Corporation for $45.2 million. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1390456/us-government-sells-historic-teapot-dome-field Mon, 02 Feb 2015 23:39:40 +0000 live Obama budget targets energy oversight http://www.upstreamonline.com/live/1390451/obama-budget-targets-energy-oversight US President Barack Obama's budget for fiscal year 2016 proposes more funding for oil and gas oversight and attempts to remove certain tax deductions for producers that industry groups say are still needed. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1390451/obama-budget-targets-energy-oversight Mon, 02 Feb 2015 22:40:50 +0000 live KPC eyes market share http://www.upstreamonline.com/live/1390392/kpc-eyes-market-share The price of oil should see some rebound later this year but the days of $100-a-barrel crude will take years to return, if at all, the head of Kuwait Petroleum Corporation (KPC) said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390392/kpc-eyes-market-share Mon, 02 Feb 2015 11:00:45 +0000 live UK's OGA hires three directors http://www.upstreamonline.com/live/1390391/uks-oga-hires-three-directors The chief executive of the UK’s Oil and Gas Authority Andy Samuel has hired three of six directors to be appointed to the new regulator. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1390391/uks-oga-hires-three-directors Mon, 02 Feb 2015 10:56:16 +0000 live Pennsylvania halts state forest leasing http://www.upstreamonline.com/live/1390242/pennsylvania-halts-state-forest-leasing Pennsylvania’s newly elected Democratic governor has re-instated a moratorium on leasing state-controlled lands for natural gas drilling. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1390242/pennsylvania-halts-state-forest-leasing Thu, 29 Jan 2015 22:34:06 +0000 live Brazil court 'freezes Gabrielli assets' http://www.upstreamonline.com/live/1390165/brazil-court-freezes-gabrielli-assets Former Petrobras chief executive Jose Sergio Gabrielli has had his assets frozen by a Brazilian court as part of a probe into historical corruption at the state-controlled oil giant, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390165/brazil-court-freezes-gabrielli-assets Thu, 29 Jan 2015 15:12:14 +0000 live Harvest withdraws Venezuela case http://www.upstreamonline.com/live/1390154/harvest-withdraws-venezuela-case US player Harvest Natural Resources has withdrawn a request for international arbitration proceedings against Venezuela over what it had called “systematic thwarting” of its investments in the oil-rich South American nation. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1390154/harvest-withdraws-venezuela-case Thu, 29 Jan 2015 12:10:11 +0000 live US House votes to speed LNG projects http://www.upstreamonline.com/live/1389946/us-house-votes-to-speed-lng-projects The US House of Representatives has approved a bill to expedite permits for natural gas exports, a move cheered by industry proponents though not expected to have much of an impact on the LNG market. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1389946/us-house-votes-to-speed-lng-projects Wed, 28 Jan 2015 20:12:37 +0000 live SADR urges UN to halt Kosmos drilling http://www.upstreamonline.com/live/1389756/sadr-urges-un-to-halt-kosmos-drilling The exiled government that claims dominion over Western Sahara has urged the United Nations Security Council to bring an end to Kosmos Energy’s current drilling operations off the Morocco-administered territory, branding them illegal and a serious provocation. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389756/sadr-urges-un-to-halt-kosmos-drilling Tue, 27 Jan 2015 13:29:59 +0000 live Aramco reviewing development projects http://www.upstreamonline.com/live/1389784/aramco-reviewing-development-projects Saudi Arabian state company Saudi Aramco plans to review its oil and gas development projects, slowing down some and renegotiating some contracts in response to falling oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389784/aramco-reviewing-development-projects Tue, 27 Jan 2015 13:04:05 +0000 live Keystone bill blocked http://www.upstreamonline.com/live/1389748/keystone-bill-blocked Democrats in the US Senate blocked the Keystone XL pipeline bill from moving forward on Monday, but supporters of the project vowed to push ahead and eventually get a vote on the measure. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1389748/keystone-bill-blocked Tue, 27 Jan 2015 02:04:08 +0000 live Obama to meet with new Saudi king http://www.upstreamonline.com/live/1389716/obama-to-meet-with-new-saudi-king US President Barack Obama is cutting short his visit to India to meet with new Saudi Arabia King Salman in order to discuss security matters in the Middle East. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1389716/obama-to-meet-with-new-saudi-king Mon, 26 Jan 2015 21:08:03 +0000 live Obama to seek Alaska drill limits http://www.upstreamonline.com/live/1389601/obama-to-seek-alaska-drill-limits US President Barack Obama will call on Congress to expand protection of Alaska's Arctic refuge where oil and gas drilling is prohibited to 12 million acres, an area that includes 1.4 million oil-rich acres along the coast. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1389601/obama-to-seek-alaska-drill-limits Mon, 26 Jan 2015 09:53:21 +0000 live UK MPs table proposal for frack ban http://www.upstreamonline.com/live/1389598/uk-mps-table-proposal-for-frack-ban A group of MPs is proposing an amendment to a draft law in the UK’s parliament that would place a new moratorium on hydraulic fracturing. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1389598/uk-mps-table-proposal-for-frack-ban Mon, 26 Jan 2015 09:22:25 +0000 live Lukoil boss decries Ukraine claims http://www.upstreamonline.com/live/1389526/lukoil-boss-decries-ukraine-claims Russian independent Lukoil hopes its operations in Ukraine will not be affected by allegations it was involved in funding separatist rebels in the former Soviet republic. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1389526/lukoil-boss-decries-ukraine-claims Fri, 23 Jan 2015 14:52:34 +0000 live Eyes on Saudi amid royal change http://www.upstreamonline.com/live/1389469/eyes-on-saudi-amid-royal-change Following the death of King Abdullah bin Abdulaziz, Saudi Arabia’s new King Salman is likely to stick to his predecessor’s policy of ensuring adequate supplies to the global energy markets and safeguarding the kingdom’s market share despite faltering oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389469/eyes-on-saudi-amid-royal-change Fri, 23 Jan 2015 11:55:03 +0000 live Yemen’s Masila fields ‘resume output’ http://www.upstreamonline.com/live/1389261/yemens-masila-fields-resume-output Oilfield operations in Yemen’s Hadramout province have resumed following a shut-in as rebels seized the president’s chief of staff amid a dispute over a proposed new constitution, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389261/yemens-masila-fields-resume-output Thu, 22 Jan 2015 12:27:59 +0000 live Obama lauds production but focuses on climate http://www.upstreamonline.com/sectors/politics/1389150/obama-lauds-production-but-focuses-on-climate US president Barack Obama touted the country’s tsunami of new oil and natural gas production in his yearly State of the Union address and reiterated his strong support of US efforts to curb climate change but he offered few specific initiatives in the energy sector. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/sectors/politics/1389150/obama-lauds-production-but-focuses-on-climate Wed, 21 Jan 2015 03:00:19 +0000 sectors sectors_politics BP asks for lower Macondo fine http://www.upstreamonline.com/live/1389145/bp-asks-for-lower-macondo-fine UK supermajor BP, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Macondo oil spill. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1389145/bp-asks-for-lower-macondo-fine Tue, 20 Jan 2015 23:18:06 +0000 live KBR, Halliburton appeals rejected http://www.upstreamonline.com/live/1389129/kbr-halliburton-appeals-rejected The US Supreme Court has allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR and Halliburton. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1389129/kbr-halliburton-appeals-rejected Tue, 20 Jan 2015 17:23:55 +0000 live Libyan Opec governor 'missing’ http://www.upstreamonline.com/live/1389090/libyan-opec-governor-missing Samir Kamal, Libya’s governor for oil cartel Opec for the past two years, has disappeared in Tripoli. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389090/libyan-opec-governor-missing Tue, 20 Jan 2015 12:59:12 +0000 live Argentina ‘oil-for-grain’ prosecutor dead http://www.upstreamonline.com/live/1389066/argentina-oil-for-grain-prosecutor-dead An Argentine prosecutor who recently accused President Cristina de Kirchner of involvement in an alleged cover up of a probe into a deadly bombing and an ensuing oil-for-grain proposed deal with Iran has been shot dead. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389066/argentina-oil-for-grain-prosecutor-dead Tue, 20 Jan 2015 09:25:00 +0000 live