www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com 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 Yemen output halted amid protests http://www.upstreamonline.com/live/1389036/yemen-output-halted-amid-protests Oil and gas operations in parts of Yemen, including the Total-led Balhalf gas export facility, have suspended operations amid protests over the seizure of a presidential aide by Shi'ite fighters who control the capital Sanaa, reports said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1389036/yemen-output-halted-amid-protests Mon, 19 Jan 2015 16:22:46 +0000 live Nigeria security risks up - report http://www.upstreamonline.com/live/1389015/nigeria-security-risks-up-report Major cities in Nigeria could see sporadic attacks from Boko Haram in the coming months as security risks in the oil-rich African state are driven up, according to a security analyst group. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389015/nigeria-security-risks-up-report Mon, 19 Jan 2015 12:56:55 +0000 live Norway holds off on oil medicine http://www.upstreamonline.com/live/1388919/norway-holds-off-on-oil-medicine The Norwegian government is braced to implement a fiscal stimulus to prop up the economy amid fears that falling oil prices will slash vital revenue from crude exports. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1388919/norway-holds-off-on-oil-medicine Fri, 16 Jan 2015 14:26:21 +0000 live Obama methane move could target legacy wells http://www.upstreamonline.com/live/1388643/obama-methane-move-could-target-legacy-wells A former official in the US Justice Department’s environment division warned industry players that the latest proposal to regulate methane emissions from new wells could be a precursor to much more stringent regulations aimed at legacy wells. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1388643/obama-methane-move-could-target-legacy-wells Wed, 14 Jan 2015 19:29:39 +0000 live EPA moves to change oil dispersant rules http://www.upstreamonline.com/live/1388569/epa-moves-to-change-oil-dispersant-rules The US Environmental Protection Agency (EPA) is beginning the process to tighten regulations governing the application of chemicals used to disperse oil spills after criticism that dispersant use during the Macondo oil spill may have done more harm to the environment than good. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1388569/epa-moves-to-change-oil-dispersant-rules Tue, 13 Jan 2015 21:28:02 +0000 live Path cleared for Keystone XL http://www.upstreamonline.com/live/1388377/Path-cleared-for-Keystone-XL The state Supreme Court in Nebraska on Friday removed one of the last hurdles for US President Barack Obama to settle the fate of the politically charged Keystone XL oil pipeline, delivering a closely watched decision on an issue that could help define his second term. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1388377/Path-cleared-for-Keystone-XL Fri, 09 Jan 2015 19:29:27 +0000 live Bipartisan duo float ANWR protection bill http://www.upstreamonline.com/live/1388366/Bipartisan-duo-float-ANWR-protection-bill A bipartisan pair of US congressmen have introduced a bill that would designate more than 1.5 million acres in the Arctic National Wildlife Refuge (ANWR) a wilderness area, which would make the area off limits for oil drilling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1388366/Bipartisan-duo-float-ANWR-protection-bill Fri, 09 Jan 2015 16:55:28 +0000 live Greens sue US over offshore fracking http://www.upstreamonline.com/live/1388277/Greens-sue-US-over-offshore-fracking An environmental group has sued the Obama administration for its failure to release documents revealing the extent of offshore hydraulic fracturing in the Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1388277/Greens-sue-US-over-offshore-fracking Thu, 08 Jan 2015 23:04:11 +0000 live Keystone bill set for Senate vote http://www.upstreamonline.com/live/1388265/Keystone-bill-set-for-Senate-vote US Senate Republicans on Thursday advanced a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to push back President Barack Obama's policies now that they fully control Congress. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1388265/Keystone-bill-set-for-Senate-vote Thu, 08 Jan 2015 19:45:00 +0000 live Scotland calls for North Sea tax cut http://www.upstreamonline.com/live/1388237/Scotland-calls-for-North-Sea-tax-cut The Scottish government has called for the UK to urgently reform oil and gas taxes with a phased reduction of the supplementary charge and a new investment allowance for high-cost field developments. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1388237/Scotland-calls-for-North-Sea-tax-cut Thu, 08 Jan 2015 17:05:31 +0000 live Obama in Keystone XL veto threat http://www.upstreamonline.com/live/1387933/Obama-in-Keystone-XL-veto-threat US President Barack Obama plans to veto any legislation approving construction of the controversial Keystone XL pipeline. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387933/Obama-in-Keystone-XL-veto-threat Tue, 06 Jan 2015 18:48:23 +0000 live TPAO to continue Cyprus exploration http://www.upstreamonline.com/live/1387931/TPAO-to-continue-Cyprus-exploration A Turkish seismic vessel will reportedly continue exploration work off Cyprus, extending a simmering standoff between rival sides on the ethnically split island over offshore gas reserves. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387931/TPAO-to-continue-Cyprus-exploration Tue, 06 Jan 2015 18:25:32 +0000 live Two dead as Libya bombs Greek tanker http://www.upstreamonline.com/live/1387822/Two-dead-as-Libya-bombs-Greek-tanker Two crew members were killed and another two injured when Libyan military jets bombed a Greek oil tanker at the port of Derna over the weekend. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387822/Two-dead-as-Libya-bombs-Greek-tanker Mon, 05 Jan 2015 15:57:45 +0000 live Maduro seeks oil price support http://www.upstreamonline.com/live/1387776/Maduro-seeks-oil-price-support Venezuela’s President Nicolas Maduro has begun an international tour to help bolster the oil-rich South American nation’s economy as it struggles under the weight of collapsing oil prices, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387776/Maduro-seeks-oil-price-support Mon, 05 Jan 2015 08:36:32 +0000 live Brazil swears in new energy minister http://www.upstreamonline.com/live/1387765/Brazil-swears-in-new-energy-minister Brazil has sworn in a new energy minister, an ally of President Dilma Rousseff appointed during a contentious time for high-ranking energy figures in the South American nation. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387765/Brazil-swears-in-new-energy-minister Fri, 02 Jan 2015 21:24:50 +0000 live Jewell sceptical of frac bans http://www.upstreamonline.com/live/1387764/Jewell-sceptical-of-frac-bans US Secretary of Interior Sally Jewell said bans on hydraulic fracturing are 'the wrong way to go' as they create confusion for both operators and the general public. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387764/Jewell-sceptical-of-frac-bans Fri, 02 Jan 2015 19:39:22 +0000 live Chinese energy body appoints new director http://www.upstreamonline.com/live/1387696/Chinese-energy-body-appoints-new-director The Chinese government has appointed Nur Bekri as the new director of the National Energy Administration, replacing the retiring Xu Xinxiong. (Xu Yihe) http://www.upstreamonline.com/live/1387696/Chinese-energy-body-appoints-new-director Wed, 31 Dec 2014 04:40:58 +0000 live Judge demands details of Chevron-YPF deal http://www.upstreamonline.com/live/1387694/Judge-demands-details-of-Chevron-YPF-deal A judge in Argentina has reportedly ordered state-run energy company YPF to fully disclose details of its contract with US supermajor Chevron to explore the Vaca Muerta shale in the South American country. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387694/Judge-demands-details-of-Chevron-YPF-deal Tue, 30 Dec 2014 23:47:16 +0000 live US unveils guidance on condensate exports http://www.upstreamonline.com/live/1387686/US-unveils-guidance-on-condensate-exports The Obama administration on Tuesday took two long-awaited steps that could increase the amount of processed light crude that can be shipped under the 40-year-old ban on exports of most domestic crude. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387686/US-unveils-guidance-on-condensate-exports Tue, 30 Dec 2014 22:05:26 +0000 live Wintershall halts Libya production http://www.upstreamonline.com/live/1387682/Wintershall-halts-Libya-production Germany’s Wintershall has been forced to halt onshore production at a pair of concessions onshore Libya due to the unfolding unrest in the north African state. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1387682/Wintershall-halts-Libya-production Tue, 30 Dec 2014 16:27:32 +0000 live Oil prices put Alaska projects on ice http://www.upstreamonline.com/live/1387645/Oil-prices-put-Alaska-projects-on-ice Low oil prices will force the US state of Alaska to suspend spending on several high-profile infrastructure projects, including a small-diameter gas pipeline from the North Slope, according to reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387645/Oil-prices-put-Alaska-projects-on-ice Mon, 29 Dec 2014 19:20:03 +0000 live Rosneft takes Lukoil’s NOC stake http://www.upstreamonline.com/live/1387506/Rosneft-takes-Lukoil’s-NOC-stake Russian giant Rosneft is buying compatriot operator Lukoil’s stake in a consortium that has a joint venture with Venezuelan state player PDVSA. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387506/Rosneft-takes-Lukoil’s-NOC-stake Wed, 24 Dec 2014 08:51:31 +0000 live Chinese numbers jump http://www.upstreamonline.com/live/1387500/Chinese-numbers-jump Chinese oil demand rose by 3.5% in November year-on-year to more than 10.31 million barrels per day, according to a Platts analysis. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1387500/Chinese-numbers-jump Wed, 24 Dec 2014 06:35:20 +0000 live Israel moves threaten Noble Leviathan plans http://www.upstreamonline.com/live/1387482/Israel-moves-threaten-Noble-Leviathan-plans Recent moves by Israel to potentially break up the "cartel" controlling the Leviathan offshore gas field could scuttle development of one of the largest gas discoveries in a decade, operator Noble Energy said. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387482/Israel-moves-threaten-Noble-Leviathan-plans Tue, 23 Dec 2014 22:30:28 +0000 live Gazprom seeks cost cuts http://www.upstreamonline.com/live/1387460/Gazprom-seeks-cost-cuts Gazprom is looking to axe more than $230 million in costs next year, while asset purchases appear all but ruled out. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387460/Gazprom-seeks-cost-cuts Tue, 23 Dec 2014 14:40:55 +0000 live Israel ‘recommends’ Leviathan stake breakup http://www.upstreamonline.com/live/1387450/Israel-‘recommends’-Leviathan-stake-breakup Israeli antitrust authorities have recommended the breakup of what it sees as the excessive control over the country’s largest field by US giant Noble Energy and a local company, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387450/Israel-‘recommends’-Leviathan-stake-breakup Tue, 23 Dec 2014 10:55:47 +0000 live Israel could revoke Leviathan licence http://www.upstreamonline.com/live/1387420/Israel-could-revoke-Leviathan-licence Israel's antitrust authority said it may revoke an arrangement permitting an Israeli and a US company to develop Israel's largest natural gas field by branding them a cartel. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1387420/Israel-could-revoke-Leviathan-licence Tue, 23 Dec 2014 00:40:03 +0000 live RRC makes a stink about waste disposal http://www.upstreamonline.com/live/1387417/RRC-makes-a-stink-about-waste-disposal The Railroad Commission of Texas has issued guidance to oil and gas operators in the US state about how to properly dispose of a different kind of waste - human waste. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387417/RRC-makes-a-stink-about-waste-disposal Mon, 22 Dec 2014 22:40:40 +0000 live Rousseff stands by Petrobras chief http://www.upstreamonline.com/live/1387384/Rousseff-stands-by-Petrobras-chief Brazil's President Dilma Rousseff said she has no plans to replace the chief executive of state-run oil firm Petrobras Maria das Gracas Foster, saying there was no evidence that senior management was involved in a graft scandal at the company. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1387384/Rousseff-stands-by-Petrobras-chief Mon, 22 Dec 2014 17:02:01 +0000 live Feds try to streamline onshore drilling permits http://www.upstreamonline.com/live/1386799/Feds-try-to-streamline-onshore-drilling-permits The US government has re-authorised a pilot programme to decrease the time it takes for the Bureau of Land Management (BLM) to process drilling permits at especially busy field offices. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1386799/Feds-try-to-streamline-onshore-drilling-permits Tue, 16 Dec 2014 20:54:38 +0000 live Petronas looks for international oil http://www.upstreamonline.com/live/1386533/Petronas-looks-for-international-oil Petronas continues to be on the lookout for value growth-enhancing international exploration and production assets, vice president for Upstream International, Mr. Sharbini Suhaili told the media at the IPTC conference. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1386533/Petronas-looks-for-international-oil Fri, 12 Dec 2014 03:42:36 +0000 live Ex-China energy official 'gets life' for bribes http://www.upstreamonline.com/live/1386496/Ex-China-energy-official-gets-life-for-bribes A Chinese court has sentenced the former head of the country's energy agency to life in prison for taking millions of dollars worth of bribes to approve projects, according to reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1386496/Ex-China-energy-official-gets-life-for-bribes Thu, 11 Dec 2014 17:16:54 +0000 live Brazil plans Petrobras debt aid http://www.upstreamonline.com/live/1386488/Brazil-plans-Petrobras-debt-aid Brazilian oil giant Petrobras is on the verge of receiving help with debt financing from the state as the government lines up an asset-backed securities offering, according to Reuters. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386488/Brazil-plans-Petrobras-debt-aid Thu, 11 Dec 2014 16:08:41 +0000 live Norway initiates green coalition in Lima http://www.upstreamonline.com/live/1386329/Norway-initiates-green-coalition-in-Lima A global coalition was launched at the UN Climate Change Conference in Peru on Wednesday that seeks to increase the use of renewable energy use, chop emissions and cut spending. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386329/Norway-initiates-green-coalition-in-Lima Thu, 11 Dec 2014 10:35:44 +0000 live Malaysia to reduce oil dependence http://www.upstreamonline.com/live/1386305/Malaysia-to-reduce-oil-dependence Malaysia's dependency on oil has reduced over the years and the country's broad-based economy will enable the country to ride the current fluctuations in oil prices, http://www.upstreamonline.com/live/1386305/Malaysia-to-reduce-oil-dependence Thu, 11 Dec 2014 02:42:43 +0000 live US spending bill would block bird protection http://www.upstreamonline.com/live/1386299/US-spending-bill-would-block-bird-protection A proposed $1.1 trillion spending bill to fund the US government in 2015 would prevent the White House from protecting a variety of bird species in the western US, according to reports, in a move seen as a victory for oil and gas proponents. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1386299/US-spending-bill-would-block-bird-protection Wed, 10 Dec 2014 23:53:51 +0000 live Opec sees oil demand growth in 2015 http://www.upstreamonline.com/live/1386283/Opec-sees-oil-demand-growth-in-2015 Opec sees a rise in global oil demand next year, but to a level that is lower than the oil cartel had previously predicted. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386283/Opec-sees-oil-demand-growth-in-2015 Wed, 10 Dec 2014 16:13:01 +0000 live Russia, Venezuela 'in oil price firing line' http://www.upstreamonline.com/live/1386251/Russia-Venezuela-in-oil-price-firing-line Russia and Venezuela have the most to lose among oil-exporting sovereign states from a sustained period of low oil prices, a new analysis from Moody’s has warned. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1386251/Russia-Venezuela-in-oil-price-firing-line Wed, 10 Dec 2014 11:29:28 +0000 live Global instability 'to persist in 2015' http://www.upstreamonline.com/live/1386172/Global-instability-to-persist-in-2015 Divisive elections may provoke unrest in Nigeria, Venezuela and Myanmar, says analysis Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1386172/Global-instability-to-persist-in-2015 Wed, 10 Dec 2014 00:02:00 +0000 live ExxonMobil: Energy demand to rise 35% http://www.upstreamonline.com/live/1386217/ExxonMobil-Energy-demand-to-rise-35 The world will see a 35% increase in energy demand by 2040, a figure tempered by increases in gains in efficiency even as the size of the middle class worldwide will more than double over that period, according to ExxonMobil's latest energy outlook. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1386217/ExxonMobil-Energy-demand-to-rise-35 Tue, 09 Dec 2014 20:01:43 +0000 live UKCS job ops to fall - report http://www.upstreamonline.com/live/1386146/UKCS-job-ops-to-fall---report The UK’s offshore oil and gas industry will provide jobs for 12,000 new entrants over the next five years, although total employment on the continental shelf will fall over the same period, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386146/UKCS-job-ops-to-fall---report Tue, 09 Dec 2014 10:21:20 +0000 live Barton 'to float bill ending oil-export ban' http://www.upstreamonline.com/live/article1386121.ece US Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1386121.ece Tue, 09 Dec 2014 00:03:31 +0000 live SacOil in $6bn pipeline study http://www.upstreamonline.com/live/1386084/SacOil-in-6bn-pipeline-study Explorer and others to look at feasibility of huge gas pipeline from offshore Mozambique fields to South Africa Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386084/SacOil-in-6bn-pipeline-study Mon, 08 Dec 2014 16:03:18 +0000 live Russia ‘restarts' Ukraine gas flows http://www.upstreamonline.com/live/1386080/Russia-‘restarts-Ukraine-gas-flows Russia has finally resumed gas supplies to Ukraine after a six-month stoppage caused by a dispute over prices and unpaid debts, Ukrainian gas transport monopoly Ukrtransgaz was reported as saying on Tuesday. (News Wires) http://www.upstreamonline.com/live/1386080/Russia-‘restarts-Ukraine-gas-flows Mon, 08 Dec 2014 14:40:47 +0000 live UK fiscal plan in spotlight http://www.upstreamonline.com/live/1385830/UK-fiscal-plan-in-spotlight The UK government has laid out a tentative plan to consult with industry players early next year regarding a plethora of changes to the fiscal regime governing North Sea exploration and production. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385830/UK-fiscal-plan-in-spotlight Thu, 04 Dec 2014 16:12:32 +0000 live Juncker: ‘South Stream can survive’ http://www.upstreamonline.com/live/1385816/Juncker-‘South-Stream-can-survive’ EC president insists controversial gas pipeline from Russia can still be built despite Moscow’s stance this week Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385816/Juncker-‘South-Stream-can-survive’ Thu, 04 Dec 2014 14:36:22 +0000 live Myanmar tipped as hot spot http://www.upstreamonline.com/live/1385599/Myanmar-tipped-as-hot-spot Myanmar expects that it could become "a hot spot" for investments in floating production, storage and offloading vessels by 2020 on the basis that a lot of the planned exploration drilling in the country will result in discoveries. (Russell Searancke) http://www.upstreamonline.com/live/1385599/Myanmar-tipped-as-hot-spot Thu, 04 Dec 2014 06:52:41 +0000 live APPEA welcomes new Vic minister http://www.upstreamonline.com/live/1385591/APPEA-welcomes-new-Vic-minister The Australian Petroleum Production and Exploration Association has welcomed in a new Victorian Minister for Energy and Resources Lily D’Ambrosio. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1385591/APPEA-welcomes-new-Vic-minister Thu, 04 Dec 2014 06:22:49 +0000 live