www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com 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 Timor-Leste PM defends position http://www.upstreamonline.com/live/1385580/Timor-Leste-PM-defends-position Timor-Leste's Prime Minister has staunchly defended his government's position in the ongoing legal disputes with Australia over the Timor Sea Treaty, and with petroleum companies over tax obligations. (Russell Searancke) http://www.upstreamonline.com/live/1385580/Timor-Leste-PM-defends-position Thu, 04 Dec 2014 04:08:52 +0000 live Reactions mixed to UK tax plans http://www.upstreamonline.com/live/1385532/Reactions-mixed-to-UK-tax-plans Observers of the UK’s North Sea oil industry broadly welcomed George Osborne’s new measures announced in Wednesday’s Autumn Statement, but some felt the chancellor has not gone far enough. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385532/Reactions-mixed-to-UK-tax-plans Wed, 03 Dec 2014 16:14:28 +0000 live UK sticks to tax rate drop http://www.upstreamonline.com/live/1385499/UK-sticks-to-tax-rate-drop The UK government is to push ahead with a drop in the supplementary tax rate for players in the North Sea market, which faces a "challenge" from weak oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385499/UK-sticks-to-tax-rate-drop Wed, 03 Dec 2014 13:12:35 +0000 live Denton frack ban starts today http://www.upstreamonline.com/live/1385422/Denton-frack-ban-starts-today The first ever ban on hydraulic fracturing in Texas went into effect today in the heart of the Barnett Shale play where the technique was pioneered but state officials have vowed to stop the measure. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1385422/Denton-frack-ban-starts-today Tue, 02 Dec 2014 21:37:11 +0000 live Saipem: 'South Stream work goes on' http://www.upstreamonline.com/live/1385356/Saipem-South-Stream-work-goes-on Italian contractor Saipem has vowed to continue work on the South Stream pipeline project despite Russia saying the project will not go ahead. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385356/Saipem-South-Stream-work-goes-on Tue, 02 Dec 2014 10:24:56 +0000 live Singapore official still hopeful http://www.upstreamonline.com/live/1385322/Singapore-official-still-hopeful The long-term outlook for the oil and gas industry remains positive despite concerns over the impact of short-term global uncertainties and volatile oil prices, according to Singapore’s Second Minister for Trade and Industry S Iswaran. http://www.upstreamonline.com/live/1385322/Singapore-official-still-hopeful Tue, 02 Dec 2014 03:44:55 +0000 live Canadians split in oil-sands opinions http://www.upstreamonline.com/live/1385260/Canadians-split-in-oil-sands-opinions Canadians are sharply divided in opinions about developing Alberta's oil sands and sentiment is worsening, according to new polling research. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1385260/Canadians-split-in-oil-sands-opinions Mon, 01 Dec 2014 21:43:16 +0000 live Isis-linked group claims oil-worker murder http://www.upstreamonline.com/live/1385246/Isis-linked-group-claims-oil-worker-murder A terrorist group loyal to the extremist organisation known as Islamic State, or Isis, has claimed responsibility for the murder of an employee of US independent Apache in Egypt in August. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1385246/Isis-linked-group-claims-oil-worker-murder Mon, 01 Dec 2014 18:27:16 +0000 live UK passes transparency law http://www.upstreamonline.com/live/1385074/UK-passes-transparency-law Resources watchdog Global Witness has lauded tough new UK legislation that demands greater transparency from oil companies in their dealings with potentially corrupt foreign regimes. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1385074/UK-passes-transparency-law Fri, 28 Nov 2014 14:15:25 +0000 live Opec shuns output cut http://www.upstreamonline.com/live/1384960/Opec-shuns-output-cut Opec has, as widely anticipated, decided not to chop output in the face of dwindling oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384960/Opec-shuns-output-cut Thu, 27 Nov 2014 15:44:09 +0000 live Opec seeks 'stability and balance' http://www.upstreamonline.com/live/1384947/Opec-seeks-stability-and-balance Opec will need to cut more than 1 million barrels per day from its collective production if oil prices are to fall next year, according to a report, as the organisation meets in Austria on Thursday in an effort to bring “stability and balance” to flagging oil markets. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384947/Opec-seeks-stability-and-balance Thu, 27 Nov 2014 14:06:51 +0000 live SBM breaks silence on Brazil http://www.upstreamonline.com/live/1384912/SBM-breaks-silence-on-Brazil SBM Offshore has finally broken its silence in the wake of allegations made against it in recent weeks in relation to historical contracts involving Brazil's Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384912/SBM-breaks-silence-on-Brazil Thu, 27 Nov 2014 12:13:22 +0000 live Sistema launches review as profit sinks http://www.upstreamonline.com/live/1384900/Sistema-launches-review-as-profit-sinks Russian conglomerate Sistema has launched a review into its costs, portfolio and investment strategy in the wake of the seizure by the state of its holding in oil producer Bashneft and arrest of its chairman. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384900/Sistema-launches-review-as-profit-sinks Thu, 27 Nov 2014 10:03:58 +0000 live WA banking on Torosa http://www.upstreamonline.com/live/1384734/WA-banking-on-Torosa Western Australia’s state government estimates the new maritime boundary over the Torosa gas field could mean increases in state royalties of up to A$2.9 billion (US$2.5 billion). (Russell Searancke) http://www.upstreamonline.com/live/1384734/WA-banking-on-Torosa Thu, 27 Nov 2014 00:53:10 +0000 live Nigerian committee: 'Shell should pay $4bn' http://www.upstreamonline.com/live/1384731/Nigerian-committee-Shell-should-pay-4bn A committee in Nigeria's House of Representatives said on Wednesday that supermajor Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1384731/Nigerian-committee-Shell-should-pay-4bn Wed, 26 Nov 2014 22:57:08 +0000 live Maryland moves to allow fracking http://www.upstreamonline.com/live/1384727/Maryland-moves-to-allow-fracking Officials in the US state of Maryland have taken steps to start permitting hydraulic fracturing in the western part of the state, according to reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1384727/Maryland-moves-to-allow-fracking Wed, 26 Nov 2014 22:00:00 +0000 live Oil price hits Nigerian naira http://www.upstreamonline.com/live/1384687/Oil-price-hits-Nigerian-naira Nigeria has devalued its home currency as it tries to deal with the effect of plummeting oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384687/Oil-price-hits-Nigerian-naira Wed, 26 Nov 2014 08:39:28 +0000 live WA strikes new reservation deal http://www.upstreamonline.com/live/1384683/WA-strikes-new-reservation-deal Woodside Petroleum and its North West Shelf (NWS) joint venture partners have agreed to reserve the equivalent of 15% of new approved liquefied natural gas exports for domestic consumption. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1384683/WA-strikes-new-reservation-deal Wed, 26 Nov 2014 05:50:58 +0000 live US to renew Israel oil pact http://www.upstreamonline.com/live/1384677/US-to-renew-Israel-oil-pact The US is in the midst of renewing its 35-year-old commitment to supply Israel with oil in emergency situations after the pact expired on Tuesday, according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1384677/US-to-renew-Israel-oil-pact Wed, 26 Nov 2014 03:25:01 +0000 live Putin signs oil tax changes into law http://www.upstreamonline.com/live/1384646/Putin-signs-oil-tax-changes-into-law Russian President Vladimir Putin signed a hotly debated law on Tuesday primarily concerning two of the largest direct taxes on the country’s oil producers – the crude oil export tax and the oil production tax. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384646/Putin-signs-oil-tax-changes-into-law Tue, 25 Nov 2014 16:12:07 +0000 live Iran talks end with no deal http://www.upstreamonline.com/live/1384527/Iran-talks-end-with-no-deal Talks between Iran and international powers over the Middle Eastern energy powerhouse's nuclear programme have ended without any firm deal, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384527/Iran-talks-end-with-no-deal Mon, 24 Nov 2014 13:33:33 +0000 live Eni clears Ghana hurdle on Sankofa http://www.upstreamonline.com/live/1384506/Eni-clears-Ghana-hurdle-on-Sankofa Italy's Eni has concluded negotiations with Ghanaian authorities over its huge Sankofa-Gye Nyame project off the West Africa powerhouse. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384506/Eni-clears-Ghana-hurdle-on-Sankofa Mon, 24 Nov 2014 11:55:10 +0000 live Iran talks enter deadline day http://www.upstreamonline.com/live/1384461/Iran-talks-enter-deadline-day Negotiations over Iran’s nuclear programme could be extended as parties struggle to meet a deadline of midnight local time in Vienna on Monday to reach a deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384461/Iran-talks-enter-deadline-day Mon, 24 Nov 2014 08:47:23 +0000 live Russia could seek new partners if western players leave http://www.upstreamonline.com/live/1384427/Russia-could-seek-new-partners-if-western-players-leave Russia's Energy Minister has said Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1384427/Russia-could-seek-new-partners-if-western-players-leave Mon, 24 Nov 2014 02:37:42 +0000 live Drillers, greens reach Roan deal http://www.upstreamonline.com/live/1384408/Drillers-greens-reach-Roan-deal Natural gas drillers have secured access to begin drilling on the environmentally sensitive Roan Plateau in a compromise deal with federal, state and local officials as well as environmental groups. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1384408/Drillers-greens-reach-Roan-deal Fri, 21 Nov 2014 23:04:12 +0000 live Lukoil to chop 2015 investments http://www.upstreamonline.com/live/1384376/Lukoil-to-chop-2015-investments Lukoil is to chop its investment expenses next year by up to a quarter as the Russian oil giant reacts to the current “macroeconomic situation” of depressed oil prices and western sanctions against the country. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384376/Lukoil-to-chop-2015-investments Fri, 21 Nov 2014 15:55:33 +0000 live Shell joins in new US, Canada Arctic study http://www.upstreamonline.com/live/1384365/Shell-joins-in-new-US-Canada-Arctic-study Supermajor Shell is joining a host of governmental bodies for an Arctic study in part aimed at aiding future oil and gas developments in an area between the US and Canada. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384365/Shell-joins-in-new-US-Canada-Arctic-study Fri, 21 Nov 2014 15:16:15 +0000 live Total flags green credentials http://www.upstreamonline.com/live/1384250/Total-flags-green-credentials French supermajor Total is highlighting its green credentials by supporting a trio of international initiatives aimed at tackling climate change, as global emissions continue to come under the spotlight. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384250/Total-flags-green-credentials Thu, 20 Nov 2014 13:22:33 +0000 live India ‘readies Iran oil payments’ http://www.upstreamonline.com/live/1384043/India-‘readies-Iran-oil-payments’ Indian refineries stand poised to make a third payment to Iran that would allow the Tehran administration to unlock further frozen oil revenues, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384043/India-‘readies-Iran-oil-payments’ Wed, 19 Nov 2014 15:30:25 +0000 live Rowan spins bit on Repsol’s Sandia http://www.upstreamonline.com/live/1384015/Rowan-spins-bit-on-Repsol’s-Sandia Repsol has spudded its first of two controversial wildcats off the Canary Islands despite a high-profile attempt by Greenpeace to disrupt drilling. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1384015/Rowan-spins-bit-on-Repsol’s-Sandia Wed, 19 Nov 2014 10:41:28 +0000 live Nigeria oil bill vote 'not likely' this year http://www.upstreamonline.com/live/1383961/Nigeria-oil-bill-vote-not-likely-this-year Nigeria's long-awaited Petroleum Industry Bill is unlikely to be voted on by parliament before a general election due in February, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1383961/Nigeria-oil-bill-vote-not-likely-this-year Tue, 18 Nov 2014 20:31:30 +0000 live Batista goes on trial for insider trading http://www.upstreamonline.com/live/1383960/Batista-goes-on-trial-for-insider-trading Eike Batista, once Brazil's richest man, arrived at a Rio de Janeiro courthouse on Tuesday for trial on charges of insider trading in the run up to the bankruptcy of his oil firm OGX, the largest bankruptcy in Latin American history. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1383960/Batista-goes-on-trial-for-insider-trading Tue, 18 Nov 2014 18:46:53 +0000 live Rosneft ‘readies new Arctic plan’ http://www.upstreamonline.com/live/1383902/Rosneft-‘readies-new-Arctic-plan’ Rosneft will release its updated development plans for Arctic development by the end of the year as international sanctions scupper previous plans, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383902/Rosneft-‘readies-new-Arctic-plan’ Tue, 18 Nov 2014 12:35:38 +0000 live Senators vie for Keystone XL votes http://www.upstreamonline.com/live/1383861/Senators-vie-for-Keystone-XL-votes US Senators in both parties were left scrambling to gather votes to approve the Keystone XL pipleine on Monday following ominous comments from President Barack Obama, as an activist shareholder pushed for the break-up of Transcanada, the company behind the controversial project. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1383861/Senators-vie-for-Keystone-XL-votes Mon, 17 Nov 2014 22:06:41 +0000 live More plea bargains in Petrobras probe http://www.upstreamonline.com/live/1383807/More-plea-bargains-in-Petrobras-probe More Brazilian executives accused of involvement in an alleged Petrobras bribery cartel are being offered plea-bargaining opportunities in a case that President Dilma Rousseff argues will “change Brazil forever”. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383807/More-plea-bargains-in-Petrobras-probe Mon, 17 Nov 2014 11:53:00 +0000 live Ex-Petrobras exec Duque arrested http://www.upstreamonline.com/live/1383665/Ex-Petrobras-exec-Duque-arrested Renato Duque, the ex-engineering and services director of Brazil's Petrobras, has been arrested as part of the investigation into alleged corruption at the state-controlled oil giant. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383665/Ex-Petrobras-exec-Duque-arrested Fri, 14 Nov 2014 11:50:12 +0000 live Yevtushenkov arrest period extended http://www.upstreamonline.com/live/1383653/Yevtushenkov-arrest-period-extended Vladimir Yevtushenkov, the chairman of Russian conglomerate Sistema, is to remain under house arrest until next year after a court extended his detention period. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383653/Yevtushenkov-arrest-period-extended Fri, 14 Nov 2014 10:46:06 +0000 live KRG and Baghdad in 'oil deal' http://www.upstreamonline.com/live/1383651/KRG-and-Baghdad-in-oil-deal The Kurdistan Regional Government (KRG) is reported to have reached a preliminary deal with the federal Iraqi regime to put an end to their long-standing dispute over oil payments and exports. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1383651/KRG-and-Baghdad-in-oil-deal Fri, 14 Nov 2014 09:54:24 +0000 live Alberta 'prepared' to follow China-US pact http://www.upstreamonline.com/live/1383627/Alberta-prepared-to-follow-China-US-pact Alberta, home to Canada's oil sands, is prepared to follow the US and China with stiffer carbon regulations for the fossil-fuel industry, Premier Jim Prentice said. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1383627/Alberta-prepared-to-follow-China-US-pact Fri, 14 Nov 2014 01:19:47 +0000 live US House plans Keystone vote Friday http://www.upstreamonline.com/live/1383598/US-House-plans-Keystone-vote-Friday The House of Representatives plans to vote on a bill to approve the Keystone XL oil pipeline on Friday, a congressional aide said on Thursday as lawmakers prepared to debate the controversial project. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1383598/US-House-plans-Keystone-vote-Friday Thu, 13 Nov 2014 17:09:58 +0000 live CNOOC exec ‘arrested’ in bribery probe http://www.upstreamonline.com/live/1383395/CNOOC-exec-‘arrested’-in-bribery-probe A senior official in a subsidiary of China National Offshore Oil Corporation (CNOOC) has been arrested and is under investigation as part of a wider graft probe. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383395/CNOOC-exec-‘arrested’-in-bribery-probe Thu, 13 Nov 2014 13:18:44 +0000 live NSW unveils new gas plan http://www.upstreamonline.com/live/1383356/NSW-unveils-new-gas-plan Australian industry bodies have cautiously welcomed the New South Wales government's new plan to support increased development of the state's gas reserves. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1383356/NSW-unveils-new-gas-plan Thu, 13 Nov 2014 03:08:28 +0000 live Gunnison sage grouse 'threatened' http://www.upstreamonline.com/live/1383346/Gunnison-sage-grouse-threatened The federal US government has listed the Gunnison sage grouse as "threatened" in a move that could impede some oil and gas development in Colorado and Utah. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1383346/Gunnison-sage-grouse-threatened Wed, 12 Nov 2014 22:20:09 +0000 live US Senate could set Keystone vote http://www.upstreamonline.com/live/1383340/US-Senate-could-set-Keystone-vote The lame-duck US Senate may make an 11th-hour bipartisan push to speed up approval of the Keystone XL pipeline, the latest effort to force President Barack Obama to make a decision on the project. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1383340/US-Senate-could-set-Keystone-vote Wed, 12 Nov 2014 20:58:03 +0000 live US tight-oil investments ‘to drop’ http://www.upstreamonline.com/live/1383326/US-tight-oil-investments-‘to-drop’ Continued weak oil prices could see investments in tight-oil production in the US chopped 10% next year, a leading International Energy Agency (IEA) executive said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383326/US-tight-oil-investments-‘to-drop’ Wed, 12 Nov 2014 16:23:48 +0000 live India implements new policy framework http://www.upstreamonline.com/live/1383291/India-implements-new-policy-framework The Indian government has implemented a new policy framework, which grants operational flexibility to oil and gas companies and provides for additional decision-making powers for the country's upstream regulator, the Directorate General of Hydrocarbons (DGH). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383291/India-implements-new-policy-framework Wed, 12 Nov 2014 13:12:47 +0000 live Indonesian oil ministry set for change http://www.upstreamonline.com/live/1383180/Indonesian-oil-ministry-set-for-change Indonesian’s Ministry of Energy & Mineral Resources is getting a major shake-up as top officials are being asked to re-apply for their jobs, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1383180/Indonesian-oil-ministry-set-for-change Tue, 11 Nov 2014 12:17:57 +0000 live Senate panel to weigh LNG bill http://www.upstreamonline.com/live/1383135/Senate-panel-to-weigh-LNG-bill US lawmakers on the Senate Energy Committee will vote on a bill this week aimed at speeding up the Department of Energy's review of liquefied natural gas export applications. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1383135/Senate-panel-to-weigh-LNG-bill Mon, 10 Nov 2014 21:04:12 +0000 live Protests halt Hariga oil exports http://www.upstreamonline.com/live/1383057/Protests-halt-Hariga-oil-exports Libyan state security guards have started a protest at the 120,000 barrel per day Hariga oil port in the east, halting all oil exports from the terminal, according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1383057/Protests-halt-Hariga-oil-exports Mon, 10 Nov 2014 04:39:28 +0000 live Seadrill, Rosneft delay $4.25bn deal http://www.upstreamonline.com/live/1383007/Seadrill-Rosneft-delay-4.25bn-deal Rig contractor Seadrill and Russia giant Rosneft have delayed until next May a major frame agreement and two big batches of rig contracts as Western companies have been under increasing pressure from sanctions against Russia. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1383007/Seadrill-Rosneft-delay-4.25bn-deal Fri, 07 Nov 2014 23:31:02 +0000 live Illinois sets fracking rules http://www.upstreamonline.com/live/1383004/Illinois-sets-fracking-rules An administrative panel in Illinois approved the final versions of the state’s hydraulic fracturing regulations but the actual language of those rules will not become public for another week. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1383004/Illinois-sets-fracking-rules Fri, 07 Nov 2014 20:23:19 +0000 live Private talks held on Mid-Atlantic drilling http://www.upstreamonline.com/live/1382998/Private-talks-held-on-Mid-Atlantic-drilling Federal regulators and oil-linked groups met privately on Thursday with officials from the East Coast US states of North Carolina, South Carolina and Virginia to discuss plans to open up the country's Mid-Atlantic coast to oil and gas drilling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382998/Private-talks-held-on-Mid-Atlantic-drilling Fri, 07 Nov 2014 17:55:09 +0000 live Russia opens ‘fuel price rigging’ probe http://www.upstreamonline.com/live/1382851/Russia-opens-‘fuel-price-rigging’-probe Russian authorities have opened an investigation into possible price fixing for petrol on the domestic market allegedly involving Rosneft, Lukoil and Bashneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382851/Russia-opens-‘fuel-price-rigging’-probe Thu, 06 Nov 2014 13:05:49 +0000 live Texas group challenges frac-ban vote http://www.upstreamonline.com/live/1382604/Texas-group-challenges-frac-ban-vote An industry group in Texas wasted no time in challenging a Denton city ordinance banning hydraulic fracturing, filing a court injunction the morning after voters approved a measure to ban the controversial completion practice. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382604/Texas-group-challenges-frac-ban-vote Wed, 05 Nov 2014 18:17:03 +0000 live GOP wins big in US mid-terms http://www.upstreamonline.com/live/1382603/GOP-wins-big-in-US-mid-terms The Republican party will take control of the US Senate, have an energy-friendly veteran as the new majority leader and plans to push energy-related issues, like the Keystone XL pipeline project, to the forefront after the new year. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1382603/GOP-wins-big-in-US-mid-terms Wed, 05 Nov 2014 17:05:02 +0000 live East Timor evicts judges over tax ruling http://www.upstreamonline.com/live/1382552/East-Timor-evicts-judges-over-tax-ruling East Timor has ordered a number of judges and prosecutors out of the country after ConocoPhillips was handed a court victory over the government in a long-running tax row, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382552/East-Timor-evicts-judges-over-tax-ruling Wed, 05 Nov 2014 08:56:05 +0000 live BHP starts US condensate exports http://www.upstreamonline.com/live/1382527/BHP-starts-US-condensate-exports BHP Billiton will begin exporting condensate from the Eagle Ford shale play after determining itself that it did not need additional authorisation from US regulators to send the ultra-light oil abroad after minimal processing. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1382527/BHP-starts-US-condensate-exports Wed, 05 Nov 2014 00:35:00 +0000 live Tanzania oil officials 'arrested' http://www.upstreamonline.com/live/1382460/Tanzania-oil-officials-arrested Top officials at Tanzania's state-owned oil agency were reported to have been arrested this week on charges of failing to release to parliament oil and gas contracts the government signed with foreign and local investors. (News Wires) http://www.upstreamonline.com/live/1382460/Tanzania-oil-officials-arrested Tue, 04 Nov 2014 12:20:03 +0000 live Fracking goes to vote in three states http://www.upstreamonline.com/live/1382381/Fracking-goes-to-vote-in-three-states Voters in three US states will go to the polls on Tuesday to determine the fate of hydraulic fracturing regionally in elections that have industry worried local opposition to the practice could gain more national momentum. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382381/Fracking-goes-to-vote-in-three-states Mon, 03 Nov 2014 18:43:19 +0000 live ExxonMobil cautious on Russian operations http://www.upstreamonline.com/live/1382219/ExxonMobil-cautious-on-Russian-operations ExxonMobil remained cirsumspect on Friday on the extent to which its operations in Russia have been affected by western sanctions against the country in the wake of the annexation of Crimea from Ukraine. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382219/ExxonMobil-cautious-on-Russian-operations Fri, 31 Oct 2014 16:00:44 +0000 live Russia, Ukraine in gas pact http://www.upstreamonline.com/live/1382166/Russia-Ukraine-in-gas-pact Russia and Ukraine have finally signed a deal to secure the resumption of gas deliveries to the former Soviet state, averting the risk of supply disruption to Europe during the critical winter months. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1382166/Russia-Ukraine-in-gas-pact Fri, 31 Oct 2014 08:18:02 +0000 live Pouyanne decries US oil export ban http://www.upstreamonline.com/live/1382133/Pouyanne-decries-US-oil-export-ban The new chief executive of French supermajor Total challenged Europe to fight Washington over the US oil export ban, in his first public appearance since his predecessor Christophe de Margerie was killed in a Moscow plane crash last week. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1382133/Pouyanne-decries-US-oil-export-ban Thu, 30 Oct 2014 20:42:36 +0000 live Sistema 'may appeal' Bashneft stake court ruling http://www.upstreamonline.com/live/1382078/Sistema-may-appeal-Bashneft-stake-court-ruling Shares in Russian oil company Bashneft that are owned by Sistema are to be seized by the state, a Moscow court has ruled. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1382078/Sistema-may-appeal-Bashneft-stake-court-ruling Thu, 30 Oct 2014 12:38:22 +0000 live EU 'guarantor' pledge for Ukraine gas http://www.upstreamonline.com/live/1381905/EU-guarantor-pledge-for-Ukraine-gas The European Union’s executive arm reportedly has agreed with Ukraine to act as guarantor for Russian gas supplies after talks to resolve the dispute had stalled on Moscow’s demand that Kiev guarantee payment for deliveries. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1381905/EU-guarantor-pledge-for-Ukraine-gas Thu, 30 Oct 2014 09:55:46 +0000 live Rosneft lashes ‘counter-sanctions’ report http://www.upstreamonline.com/live/1381862/Rosneft-lashes-‘counter-sanctions’-report Rosneft has threatened to sue a Russian business newspaper that claimed the oil giant had drawn up a list of measures to counter Western sanctions and sent it to the Kremlin. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381862/Rosneft-lashes-‘counter-sanctions’-report Wed, 29 Oct 2014 17:32:14 +0000 live Rosneft profit up on output hike http://www.upstreamonline.com/live/1381820/Rosneft-profit-up-on-output-hike Rosneft increased net profit in the first nine months of the year as rising production sent revenues soaring. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381820/Rosneft-profit-up-on-output-hike Wed, 29 Oct 2014 13:50:00 +0000 live Texas regulators beef up disposal rules http://www.upstreamonline.com/live/1381757/Texas-regulators-beef-up-disposal-rules Texas oil regulators unanimously approved beefed up regulations governing wastewater disposal wells in a move aimed at preventing human-induced earthquakes. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381757/Texas-regulators-beef-up-disposal-rules Tue, 28 Oct 2014 21:10:55 +0000 live Horn of Africa pipeline gets World Bank funds http://www.upstreamonline.com/live/1381676/Horn-of-Africa-pipeline-gets-World-Bank-funds The World Bank is to pour millions of dollars into helping finance a planned oil pipeline to exploit discoveries in the Horn of Africa region. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381676/Horn-of-Africa-pipeline-gets-World-Bank-funds Tue, 28 Oct 2014 09:59:31 +0000 live Braekken: 'Give us a tax break' http://www.upstreamonline.com/live/1381589/Braekken-Give-us-a-tax-break Norway’s oil industry association has collared the country’s petroleum minister to demand increased incentives for increased oil recovery to counteract falling offshore investments amid cost-cutting by major operator Statoil. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381589/Braekken-Give-us-a-tax-break Mon, 27 Oct 2014 15:08:53 +0000 live Petrobras reacts to Lava Jato probe http://www.upstreamonline.com/live/1381588/Petrobras-reacts-to-Lava-Jato-probe Petrobras has hired a pair of independent investigative firms in its latest reaction to an on-going federal probe into allegations of bribery and organised crime at the Brazilian oil company. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381588/Petrobras-reacts-to-Lava-Jato-probe Mon, 27 Oct 2014 14:54:09 +0000 live Pro-West parties 'win Ukraine election' http://www.upstreamonline.com/live/1381542/Pro-West-parties-win-Ukraine-election Pro-Europe parties are on course for a big win in Sunday’s parliamentary elections in Ukraine that endorsed President Petro Poroshenko’s plans to end the separatist war and pursue Western democratic reforms, reports said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381542/Pro-West-parties-win-Ukraine-election Mon, 27 Oct 2014 10:51:32 +0000 live Rousseff wins another term http://www.upstreamonline.com/live/1381524/Rousseff-wins-another-term Dilma Rousseff has been re-elected as president of oil-rich Brazil after a marginal victory over rival Aecio Neves. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381524/Rousseff-wins-another-term Mon, 27 Oct 2014 08:32:22 +0000 live Spain fights Canaries referendum http://www.upstreamonline.com/live/1381431/Spain-fights-Canaries-referendum Madrid government appeals against planned vote on Repsol’s impending offshore drilling plans Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381431/Spain-fights-Canaries-referendum Fri, 24 Oct 2014 14:59:54 +0000 live WoodMac: ‘US energy independent by 2025' http://www.upstreamonline.com/live/1381386/WoodMac-‘US-energy-independent-by-2025 The US is on course to be energy independent by 2025 and could be producing more than 13 million barrels of oil per day five years after that if the right technologies are applied, according to a report from Wood Mackenzie. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381386/WoodMac-‘US-energy-independent-by-2025 Fri, 24 Oct 2014 11:58:33 +0000 live Sechin: ‘Rosneft to press ahead in Arctic’ http://www.upstreamonline.com/live/1381333/Sechin-‘Rosneft-to-press-ahead-in-Arctic’ Rosneft chairman Igor Sechin has insisted the Russian oil giant will not quit its Arctic drilling operations despite sanctions from Western powers putting pressure on relationships with exploration partners, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381333/Sechin-‘Rosneft-to-press-ahead-in-Arctic’ Fri, 24 Oct 2014 08:23:29 +0000 live Russia arrests Vnukovo staff over deadly crash http://www.upstreamonline.com/live/1381134/Russia-arrests-Vnukovo-staff-over-deadly-crash Russian authorities on Thursday arrested four employees of the airport where Total chief executive Christophe de Margerie was killed in a plane crash earlier this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381134/Russia-arrests-Vnukovo-staff-over-deadly-crash Thu, 23 Oct 2014 14:41:09 +0000 live Rosneft ‘looks for more from wealth fund’ http://www.upstreamonline.com/live/1380980/Rosneft-‘looks-for-more-from-wealth-fund’ Rosneft is looking for more than $48 billion from Russia’s National Welfare Fund amid international sanctions against the company, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380980/Rosneft-‘looks-for-more-from-wealth-fund’ Wed, 22 Oct 2014 15:58:19 +0000 live Russia calls for Ukraine gas cash http://www.upstreamonline.com/live/1380939/Russia-calls-for-Ukraine-gas-cash Russia and Ukraine have again failed to reach an accord to end their dispute over unpaid gas bills and pricing that has halted supplies, with a new meeting scheduled for next week to resolve the impasse, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380939/Russia-calls-for-Ukraine-gas-cash Wed, 22 Oct 2014 11:51:53 +0000 live Thailand kicks off acreage auction http://www.upstreamonline.com/live/1380905/Thailand-kicks-off-acreage-auction Thailand plans to open a new round of auctioning for petroleum concessions on 29 onshore and offshore blocks as part of its attempt to secure the country's energy supplies, a senior ministry official said on Wednesday. (News Wires) http://www.upstreamonline.com/live/1380905/Thailand-kicks-off-acreage-auction Wed, 22 Oct 2014 07:03:13 +0000 live US oil exports 'may lower pump prices' http://www.upstreamonline.com/live/1380752/US-oil-exports-may-lower-pump-prices Ending the US export ban on crude oil would increase domestic oil prices but could actually decrease the price US consumers pay for petrol, according to a new government study. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380752/US-oil-exports-may-lower-pump-prices Mon, 20 Oct 2014 18:27:16 +0000 live Isis 'earns $800m a year in oil output' http://www.upstreamonline.com/live/1380751/Isis-earns-800m-a-year-in-oil-output Extremist group Islamic State (Isis) is earning the equivalent of about $800 million a year from oil production, even though it sells its barrels at a steep discount to global prices, according to research group IHS. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380751/Isis-earns-800m-a-year-in-oil-output Mon, 20 Oct 2014 18:12:56 +0000 live