www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com 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 Kiev and Russia 'agree gas price' http://www.upstreamonline.com/live/1380635/Kiev-and-Russia-agree-gas-price The Kiev and Moscow governments are reported to be close to reaching a deal to restore Russian gas supplies to Ukraine, and avert the risk of supply disruption for Europe, after agreeing on a price for the gas. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380635/Kiev-and-Russia-agree-gas-price Mon, 20 Oct 2014 10:12:43 +0000 live Alaska asks to take land back from ANWR http://www.upstreamonline.com/live/1380603/Alaska-asks-to-take-land-back-from-ANWR The US state of Alaska has formally asked the federal government to convey about 20,000 acres of land currently included within the boundaries of the Arctic National Wildlife Refuge (ANWR) so it can be opened up for oil and gas leasing. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380603/Alaska-asks-to-take-land-back-from-ANWR Fri, 17 Oct 2014 20:19:55 +0000 live Madagascar plans bid round ‘next year’ http://www.upstreamonline.com/live/1380561/Madagascar-plans-bid-round-‘next-year’ Madagascar hopes to launch a new licensing round next year that could see up to 50 offshore blocks go up for grabs, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380561/Madagascar-plans-bid-round-‘next-year’ Fri, 17 Oct 2014 13:23:35 +0000 live Gazprom, CNPC ink technical agreement http://www.upstreamonline.com/live/1380157/Gazprom-CNPC-ink-technical-agreement Russia’s Gazprom and China National Petroleum Corporation (CNPC) have signed a cross border agreement related to the $400 billion supply deal signed earlier this year which will see Russia pipe gas to China. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380157/Gazprom-CNPC-ink-technical-agreement Wed, 15 Oct 2014 00:39:48 +0000 live IEA chops oil demand outlook http://www.upstreamonline.com/live/1380080/IEA-chops-oil-demand-outlook The International Energy Agency (IEA) has cut its forecast for global oil demand this year as a supply glut coincides with weak global economic conditions. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380080/IEA-chops-oil-demand-outlook Tue, 14 Oct 2014 09:48:44 +0000 live Rosneft widens CNPC pact http://www.upstreamonline.com/live/1379986/Rosneft-widens-CNPC-pact Russian state-owned giant Rosneft has extended its strategic co-operation pact with China National Petroleum Corporation (CNPC) to cover liquefied natural gas projects in one of a raft of deals bolstering trade ties between the two countries signed on Monday. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379986/Rosneft-widens-CNPC-pact Mon, 13 Oct 2014 13:15:22 +0000 live 'New talks' in Ukraine gas row http://www.upstreamonline.com/live/1379834/New-talks-in-Ukraine-gas-row A new date has reportedly been set later this month to resume stalled talks aimed at resolving a gas dispute between Ukraine and Russia after the European Union came up with a proposed deal. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379834/New-talks-in-Ukraine-gas-row Fri, 10 Oct 2014 13:35:51 +0000 live Norway backs new Russia sanctions http://www.upstreamonline.com/live/1379820/Norway-backs-new-Russia-sanctions Norway is throwing its weight behind sanctions on Russia that ban exports of oilfield equipment and services after officially approving the restrictive trade measures already implemented by the US and European Union. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379820/Norway-backs-new-Russia-sanctions Fri, 10 Oct 2014 11:12:55 +0000 live Global demand slumps: report http://www.upstreamonline.com/live/1379504/Global-demand-slumps-report Global oil demand has weakened in key markets driving down average oil prices for the third quarter, according to the latest oil market update by National Australia Bank. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379504/Global-demand-slumps-report Thu, 09 Oct 2014 03:28:22 +0000 live Norway Budget 'shows no improvements' http://www.upstreamonline.com/live/1379432/Norway-Budget-shows-no-improvements The Norwegian government has been criticised for failing to improve fiscal terms for the country’s key oil and gas sector in its latest Budget and not delivering on promised incentives to boost oil recovery. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379432/Norway-Budget-shows-no-improvements Wed, 08 Oct 2014 10:16:48 +0000 live Fiscal silence in Norway Budget http://www.upstreamonline.com/live/1379428/Fiscal-silence-in-Norway-Budget Oil industry hopes of new fiscal incentives to stimulate exploration and production activity off Norway in the face of falling oil prices and rising costs appear to have been dashed in the government’s 2015 Budget unveiled on Wednesday. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1379428/Fiscal-silence-in-Norway-Budget Wed, 08 Oct 2014 08:48:31 +0000 live EC gives oil sands a break http://www.upstreamonline.com/live/1379355/EC-gives-oil-sands-a-break The Canadian oil sands industry has been dealt some good news as the European Commission (EC) moved to scrap plans to have products from the industry segment labelled as particularly polluting. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379355/EC-gives-oil-sands-a-break Tue, 07 Oct 2014 12:50:20 +0000 live Qld puts blocks on the market http://www.upstreamonline.com/live/1379314/Qld-puts-blocks-on-the-market The Queensland government has welcomed petroleum and gas explorers into the state, putting two parcels of land up for grabs in a competitive tender process. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379314/Qld-puts-blocks-on-the-market Tue, 07 Oct 2014 02:03:13 +0000 live Petrobras up on election news http://www.upstreamonline.com/live/1379307/Petrobras-up-on-election-news Petrobras' stock rallied on Monday following the results of Brazil’s presidential elections that showed centre-right candidate Aecio Neves finishing in a strong second place and and gaining momentum ahead of a runoff election later this month. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379307/Petrobras-up-on-election-news Mon, 06 Oct 2014 19:22:49 +0000 live Turkish 'seismic move' stirs Cyprus waters http://www.upstreamonline.com/live/1379275/Turkish-seismic-move-stirs-Cyprus-waters Turkey is set to deploy a seismic vessel to explore in waters claimed by Cyprus off its southern coast where Eni recently launched drilling of a high-profile wildcat, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1379275/Turkish-seismic-move-stirs-Cyprus-waters Mon, 06 Oct 2014 13:58:47 +0000 live Australian industry 'not dead': report http://www.upstreamonline.com/live/1379212/Australian-industry-not-dead-report The Australian oil and gas industry is "not dead", according to a recently-released report, countering suggestions the industry in the country had peaked. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379212/Australian-industry-not-dead-report Mon, 06 Oct 2014 01:25:21 +0000 live Brazil election heads to second round http://www.upstreamonline.com/live/1379211/Brazil-election-heads-to-second-round Brazil leftist President Dilma Rousseff placed first in the country’s election on Sunday, but did not get enough votes to avoid a race to the end with pro-buisness rival Aecio Neves. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1379211/Brazil-election-heads-to-second-round Mon, 06 Oct 2014 00:00:45 +0000 live State regulator resigns in porn scandal http://www.upstreamonline.com/live/1379203/State-regulator-resigns-in-porn-scandal Pennsylvania's top oil regulator has resigned after being implicated as one of a raft of state lawmakers trading pornographic materials through their official email accounts. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1379203/State-regulator-resigns-in-porn-scandal Fri, 03 Oct 2014 20:24:02 +0000 live Shell in Russian shale halt over sanctions http://www.upstreamonline.com/live/1379158/Shell-in-Russian-shale-halt-over-sanctions Shell has suspended work on its Bazhenov shale venture with Gazprom Neft because of the western sanctions against Russia, leading the Russian explorer to go it alone, reports said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1379158/Shell-in-Russian-shale-halt-over-sanctions Fri, 03 Oct 2014 15:22:44 +0000 live Repsol boss blasts Canary vote http://www.upstreamonline.com/live/1379157/Repsol-boss-blasts-Canary-vote Brufau criticises 'confused' plans for popular vote against oil drilling Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1379157/Repsol-boss-blasts-Canary-vote Fri, 03 Oct 2014 14:38:27 +0000 live Putin ‘steers clear of Sistema probe’ http://www.upstreamonline.com/live/1379003/Putin-‘steers-clear-of-Sistema-probe’ Shares in under-fire Russian oil-to-telecoms player Sistema rose on Thursday after President Vladimir Putin vowed not to interfere in an ongoing investigation into the takeover of oil producer Bashneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1379003/Putin-‘steers-clear-of-Sistema-probe’ Thu, 02 Oct 2014 13:56:55 +0000 live Afren re-staffs at Barda Rash http://www.upstreamonline.com/live/1378937/Afren-re-staffs-at-Barda-Rash London-listed explorer Afren has started to return staff to its Barda Rash field in the Kurdistan region of Iraq following a recent withdrawal as Islamic State militants swept across the area. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378937/Afren-re-staffs-at-Barda-Rash Thu, 02 Oct 2014 08:14:49 +0000 live NZ oil protest rages on http://www.upstreamonline.com/live/1378771/NZ-oil-protest-rages-on A protest at an oil summit in New Zealand has been drawn out into the evening, with Greenpeace activists smearing themselves in fake oil to greet guests arriving at a Statoil-sponsored dinner. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378771/NZ-oil-protest-rages-on Thu, 02 Oct 2014 01:56:01 +0000 live Eni payments 'used to bribe Nigeria officials' http://www.upstreamonline.com/live/1378749/Eni-payments-used-to-bribe-Nigeria-officials Italian prosecutors investigating state-backed firm Eni over the purchase of a Nigerian oilfield three years ago allege that at least half of the $1.1 billion paid was used to bribe local politicians, intermediaries and others, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1378749/Eni-payments-used-to-bribe-Nigeria-officials Wed, 01 Oct 2014 18:36:16 +0000 live Russia ends Arctic 30 probe http://www.upstreamonline.com/live/1378694/Russia-ends-Arctic-30-probe Russia has closed the book on an investigation into an attempt by Greenpeace protesters to disrupt drilling by Gazprom Neft Shelf in the remote Pechora Sea late last year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378694/Russia-ends-Arctic-30-probe Wed, 01 Oct 2014 11:30:11 +0000 live Protesters hit Statoil at NZ summit http://www.upstreamonline.com/live/1378654/Protesters-hit-Statoil-at-NZ-summit A group of anti-oil protestors have overshadowed an industry event in New Zealand after a protester scaled a building to hang a banner condemning Statoil’s activities in the region. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378654/Protesters-hit-Statoil-at-NZ-summit Wed, 01 Oct 2014 07:30:43 +0000 live CBM risks can be mitigated: report http://www.upstreamonline.com/live/1378633/CBM-risks-can-be-mitigated-report A report by the New South Wales chief scientist into the future of the state’s coalbed methane industry has been released giving support, but also recommended more oversight. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1378633/CBM-risks-can-be-mitigated-report Wed, 01 Oct 2014 00:37:44 +0000 live Schlumberger staff 'to exit Russia’ http://www.upstreamonline.com/live/1378598/Schlumberger-staff-to-exit-Russia’ Schlumberger is pulling a raft of expatriate workers out of Russia amid sanctions imposed on the country over the annexation of Crimea from Ukraine, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378598/Schlumberger-staff-to-exit-Russia’ Tue, 30 Sep 2014 15:21:21 +0000 live Protesters ‘shut Libyan oilfield’ http://www.upstreamonline.com/live/1378594/Protesters-‘shut-Libyan-oilfield’ Protesters in Libya have closed an oilfield operated by Waha Oil and seized a company airplane, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378594/Protesters-‘shut-Libyan-oilfield’ Tue, 30 Sep 2014 14:44:31 +0000 live More IS oil refineries targeted http://www.upstreamonline.com/live/1378406/More-IS-oil-refineries-targeted The US and coalition forces have continued to bombard Islamic State-controlled oil refineries in Syria, with at least four more facilities attacked at the weekend. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378406/More-IS-oil-refineries-targeted Mon, 29 Sep 2014 08:36:05 +0000 live Yemen LNG 'fully operational' amid raid reports http://www.upstreamonline.com/live/1378294/Yemen-LNG-fully-operational-amid-raid-reports Yemen’s liquefied natural gas project Yemen LNG has confirmed it is still producing and exporting volumes after reports of raids on its offices. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1378294/Yemen-LNG-fully-operational-amid-raid-reports Fri, 26 Sep 2014 15:55:40 +0000 live Mexican regulator sets out stall http://www.upstreamonline.com/live/1378276/Mexican-regulator-sets-out-stall Mexico’s oil regulator aims to make new private players feel at home, putting in place technical and environmental regulations in line with international standards, its president said on Thursday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378276/Mexican-regulator-sets-out-stall Fri, 26 Sep 2014 15:36:08 +0000 live Sistema 'to clarify situation' http://www.upstreamonline.com/live/1378265/Sistema-to-clarify-situation Russian oil-to-telecoms conglomerate Sistema is seeking to "clarify" the situation that on Friday saw its shareholding in compatriot oil producer Bashneft seized by state authorities. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378265/Sistema-to-clarify-situation Fri, 26 Sep 2014 13:22:56 +0000 live Sistema execs ‘flee Russia’ http://www.upstreamonline.com/live/1378238/Sistema-execs-‘flee-Russia’ A number of executives in under-fire Russian conglomerate Sistema are said to have fled the country as charges against chairman Vladimir Yevtushenkov have been increased as the state seizes control of the company’s shares in Bashneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378238/Sistema-execs-‘flee-Russia’ Fri, 26 Sep 2014 11:37:50 +0000 live US shows Syria refinery bombings http://www.upstreamonline.com/live/1378213/US-shows-Syria-refinery-bombings The US has released images of aircraft carrying out bombing missions on oil refineries in Syria in the continued campaign against Islamic State militants. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378213/US-shows-Syria-refinery-bombings Fri, 26 Sep 2014 08:34:28 +0000 live Russia seizes Sistema's Bashneft shares http://www.upstreamonline.com/live/1378208/Russia-seizes-Sistemas-Bashneft-shares Russian authorities have seized the shares in domestic oil player Bashneft owned by compatriot conglomerate Sistema, whose chairman remains under house arrest. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378208/Russia-seizes-Sistemas-Bashneft-shares Fri, 26 Sep 2014 07:13:32 +0000 live Batista hit with ‘insider trading’ charges http://www.upstreamonline.com/live/1378130/Batista-hit-with-‘insider-trading’-charges Brazilian businessman Eike Batista and his former head of exploration and production at OGX Paulo Mendonca were among eight executives charged with white collar crimes this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378130/Batista-hit-with-‘insider-trading’-charges Thu, 25 Sep 2014 14:22:32 +0000 live Turmoil axes Sistema’s $191m Bashneft buy http://www.upstreamonline.com/live/1378016/Turmoil-axes-Sistema’s-191m-Bashneft-buy The arrest of its chairman and continued uncertainty over the financial footing of the company has scuppered Russian conglomerate Sistema’s proposed $191 million purchase of petrochemical assets from subsidiary oil player Bashneft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1378016/Turmoil-axes-Sistema’s-191m-Bashneft-buy Thu, 25 Sep 2014 12:04:37 +0000 live Oil Search ‘eyes Kurdistan resumption’ http://www.upstreamonline.com/live/1377984/Oil-Search-‘eyes-Kurdistan-resumption’ Australia-listed Oil Search expects to resume drilling at its Taza-2 wildcat in the Kurdistan region of northern Iraq within a month after retreating from the location due to the advance of Islamic State insurgents, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377984/Oil-Search-‘eyes-Kurdistan-resumption’ Thu, 25 Sep 2014 08:59:10 +0000 live US strikes IS oil refineries in Syria http://www.upstreamonline.com/live/1377961/US-strikes-IS-oil-refineries-in-Syria US air strikes against Islamic State on Wednesday targeted oil refineries in Syria thought to be controlled by the insurgency group. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377961/US-strikes-IS-oil-refineries-in-Syria Thu, 25 Sep 2014 07:26:01 +0000 live China demand hits high http://www.upstreamonline.com/live/1377953/China-demand-hits-high Chinese oil demand has jumped to its highest level in a year, according to latest data from the Chinese government. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377953/China-demand-hits-high Thu, 25 Sep 2014 05:02:37 +0000 live Pakistan divests from OGDC http://www.upstreamonline.com/live/asia_oceania/1377771/Pakistan-divests-from-OGDC The government of Pakistan will divest 10% of its shareholding in Oil and Gas Development Company (ONDC) to international and domestic investors to raise about $816 million. (Russell Searancke) http://www.upstreamonline.com/live/asia_oceania/1377771/Pakistan-divests-from-OGDC Wed, 24 Sep 2014 03:56:08 +0000 live live_asiaoceania Shell, Statoil back carbon pricing http://www.upstreamonline.com/live/1377761/Shell-Statoil-back-carbon-pricing The heads of Shell and Statoil on Tuesday voiced their strong support for putting a price on carbon emissions as a way to fight climate change. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377761/Shell-Statoil-back-carbon-pricing Tue, 23 Sep 2014 22:29:37 +0000 live Statoil joins pledge to reduce methane http://www.upstreamonline.com/live/1377711/Statoil-joins-pledge-to-reduce-methane Statoil and five other large oil companies have signed a pact to reduce methane emissions in conjunction with a global UN-backed summit to help fight climate change. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377711/Statoil-joins-pledge-to-reduce-methane Tue, 23 Sep 2014 16:08:40 +0000 live Ghana ‘files suit over Ivory Coast dispute’ http://www.upstreamonline.com/live/1377696/Ghana-‘files-suit-over-Ivory-Coast-dispute’ Ghana has moved to settle its long-running maritime border dispute with neighbour Ivory Coast by filing an arbitration suit with a United Nations body, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377696/Ghana-‘files-suit-over-Ivory-Coast-dispute’ Tue, 23 Sep 2014 13:42:01 +0000 live ExxonMobil gets more time at Kara well http://www.upstreamonline.com/live/1377682/ExxonMobil-gets-more-time-at-Kara-well US supermajor ExxonMobil has been given until 10 October by Washington to wind down operations at its high-impact frontier exploration well in the Russian Arctic, a Russian minister has reportedly said. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/1377682/ExxonMobil-gets-more-time-at-Kara-well Tue, 23 Sep 2014 11:52:41 +0000 live APIA supports transparency http://www.upstreamonline.com/live/1377613/APIA-supports-transparency The Australian government has called for more transparency and competition in the upstream oil and gas industry. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377613/APIA-supports-transparency Tue, 23 Sep 2014 06:06:57 +0000 live JKX cuts Ukraine spending http://www.upstreamonline.com/live/1377440/JKX-cuts-Ukraine-spending Ukraine-focused explorer JKX Oil & Gas has been forced to scale back its short-term capital investment plans in the country following the imposition of emergency production taxes as conflict with pro-Russian separatists continues. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377440/JKX-cuts-Ukraine-spending Mon, 22 Sep 2014 07:13:28 +0000 live Libya turmoil continues http://www.upstreamonline.com/live/1377413/Libya-turmoil-continues Soldiers and police have clashed in the last few days near Libya's El Sharara oilfield in the south of the country, while separate fighting erupted in the west not far from the Zawiya refinery. (News Wires) http://www.upstreamonline.com/live/1377413/Libya-turmoil-continues Mon, 22 Sep 2014 00:32:09 +0000 live Sistema's Yevtushenkov 'back at desk' http://www.upstreamonline.com/live/1377353/Sistemas-Yevtushenkov-back-at-desk Russian oil and telecoms tycoon Vladimir Yevtushenkov has been released from house arrest after earlier being hit with charges of money-laundering, his company Sistema has said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377353/Sistemas-Yevtushenkov-back-at-desk Fri, 19 Sep 2014 13:51:53 +0000 live Oil majors welcome Scottish 'No' vote http://www.upstreamonline.com/live/1377327/Oil-majors-welcome-Scottish-No-vote Shell chief executive Ben van Beurden has welcomed Scotland’s decision to remain within the UK as a result that "reduces the operating uncertainty for businesses based in Scotland”. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377327/Oil-majors-welcome-Scottish-No-vote Fri, 19 Sep 2014 08:49:56 +0000 live Russia sets 'gas talks date' http://www.upstreamonline.com/live/1377331/Russia-sets-gas-talks-date Russia is reportedly set to hold renewed talks with the Ukraine and European Union later this month aimed at resolving a gas pricing dispute. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1377331/Russia-sets-gas-talks-date Fri, 19 Sep 2014 08:33:58 +0000 live Cameron vows political change http://www.upstreamonline.com/live/1377326/Cameron-vows-political-change Prime Minister David Cameron has promised sweeping political changes in Scotland and elsewhere in the UK following the historic Scottish vote against independence. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1377326/Cameron-vows-political-change Fri, 19 Sep 2014 07:36:41 +0000 live Leaders urge haste on North Sea reforms http://www.upstreamonline.com/live/1377322/Leaders-urge-haste-on-North-Sea-reforms Industry association Oil & Gas UK has said it wants the Scottish government to continue its “pivotal role” in the North Sea oil and gas sector after Scots chose to reject to independence. (Rob Watts), (Bill Lehane) http://www.upstreamonline.com/live/1377322/Leaders-urge-haste-on-North-Sea-reforms Fri, 19 Sep 2014 07:09:03 +0000 live Salmond resigns after Scotland votes 'No' http://www.upstreamonline.com/live/1377312/Salmond-resigns-after-Scotland-votes-No Scotland’s first minister and leader of the Scottish Nationalist Party Alex Salmond has resigned after the country voted to reject becoming independent from the UK. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1377312/Salmond-resigns-after-Scotland-votes-No Fri, 19 Sep 2014 06:02:09 +0000 live Polls close in Scotland vote http://www.upstreamonline.com/live/1377284/Polls-close-in-Scotland-vote Polling stations across Scotland have closed after a historic day that has seen million of voters turn out to choose between independence and remaining part of the UK. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1377284/Polls-close-in-Scotland-vote Thu, 18 Sep 2014 21:08:01 +0000 live Oxfam lodges fresh suit against SEC http://www.upstreamonline.com/live/1377252/Oxfam-lodges-fresh-suit-against-SEC Oxfam America again has turned to the courts in its effort to push US securities regulators to follow through on their plan to require US-listed oil companies to disclose their payments to foreign governments. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377252/Oxfam-lodges-fresh-suit-against-SEC Thu, 18 Sep 2014 16:01:05 +0000 live Scottish Yes would create challenges: WoodMac http://www.upstreamonline.com/live/1377099/Scottish-Yes-would-create-challenges-WoodMac Fiscal uncertainty, deciding the offshore boundary and the impact on regulation are some of the key challenges that would stem from a Scottish ‘Yes’ vote on independence, according to a new analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1377099/Scottish-Yes-would-create-challenges-WoodMac Thu, 18 Sep 2014 10:18:08 +0000 live Scotland heads to the polls http://www.upstreamonline.com/live/1377079/Scotland-heads-to-the-polls Scots have started heading to polling stations to decide if their nation is to become independent and break a more than 300-year-old union with the rest of the UK. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1377079/Scotland-heads-to-the-polls Thu, 18 Sep 2014 06:33:28 +0000 live APPEA supports barrier removal http://www.upstreamonline.com/live/1377086/APPEA-supports-barrier-removal Restrictions on the eastern Australian gas industry have been knocked by a number of manufacturers, including Dow Chemical. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1377086/APPEA-supports-barrier-removal Thu, 18 Sep 2014 06:26:45 +0000 live Deal reached for Argentina shale framework http://www.upstreamonline.com/live/1376992/Deal-reached-for-Argentina-shale-framework Argentina's oil-producing provinces and President Cristina Fernandez de Kirchner have reached a "broad consensus" over changes to the country's oil law to support shale investment, according to the Casa Rosada, the office of the country's president. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1376992/Deal-reached-for-Argentina-shale-framework Wed, 17 Sep 2014 14:51:43 +0000 live Scottish oil fund 'would be worth billions' http://www.upstreamonline.com/live/1376977/Scottish-oil-fund-would-be-worth-billions A Scottish sovereign wealth fund could produce a recurring oil income worth billions to an independent Scotland, according to a new analysis. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376977/Scottish-oil-fund-would-be-worth-billions Wed, 17 Sep 2014 13:10:23 +0000 live Proposed EU energy boss sells oil stakes http://www.upstreamonline.com/live/1376974/Proposed-EU-energy-boss-sells-oil-stakes Spain’s Miguel Arias Canete has sold all of his interests in energy companies after controversy over the stakes followed his nomination as the EU’s next energy and climate change commissioner. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376974/Proposed-EU-energy-boss-sells-oil-stakes Wed, 17 Sep 2014 10:50:45 +0000 live Gazprom, Srpska near South Stream pact http://www.upstreamonline.com/live/1376953/Gazprom-Srpska-near-South-Stream-pact Gazprom and the Republic of Srpska are close to signing an inter-governmental agreement for a section of the South Stream gas export pipeline, the pair said after signing an interim supply deal. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376953/Gazprom-Srpska-near-South-Stream-pact Wed, 17 Sep 2014 08:37:20 +0000 live Hess readies Kurdistan return http://www.upstreamonline.com/live/1376949/Hess-readies-Kurdistan-return US independent Hess is preparing to resume drilling operations at a well in Kurdistan in the next few weeks following a suspension as Islamic State militants ransacked swathes of the region. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376949/Hess-readies-Kurdistan-return Wed, 17 Sep 2014 08:20:41 +0000 live Sistema head 'faces Bashneft charges' http://www.upstreamonline.com/live/1376942/Sistema-head-faces-Bashneft-charges Russian oil-to-telecom conglomerate Sistema has reportedly defended its acquisition of assets from compatriot oil company Bashneft after its chairman was placed under house arrest on money-laundering charges in connection with an earlier shares deal. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1376942/Sistema-head-faces-Bashneft-charges Wed, 17 Sep 2014 07:04:57 +0000 live Gazprom warns Naftogaz http://www.upstreamonline.com/live/1376926/Gazprom-warns-Naftogaz Gazprom has warned that Russian gas supply relies on the actions of the Ukraine’s Naftgoz, with the board of the company addressing information about the future of the relationship between the two. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376926/Gazprom-warns-Naftogaz Wed, 17 Sep 2014 00:27:01 +0000 live Opec ‘may cut output’ http://www.upstreamonline.com/live/1376872/Opec-‘may-cut-output’ Opec secretary general Abdullah al-Badri has said the cartel’s output target could come down after the organisation next meets in November, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376872/Opec-‘may-cut-output’ Tue, 16 Sep 2014 14:57:08 +0000 live Union leader: ‘No fears over Yes vote’ http://www.upstreamonline.com/live/1376807/Union-leader-‘No-fears-over-Yes-vote’ A North Sea trade union leader has said Scots should have no fears for the future prosperity of their oil and gas industry if they vote for independence from the UK. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376807/Union-leader-‘No-fears-over-Yes-vote’ Tue, 16 Sep 2014 07:55:01 +0000 live Oz court rules against unions http://www.upstreamonline.com/live/1376797/Oz-court-rules-against-unions The Australian Federal Court has upheld legislation easing the restrictions on the use of foreign workers on Australian offshore projects. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376797/Oz-court-rules-against-unions Tue, 16 Sep 2014 06:20:46 +0000 live 'Sanctions risk' for Kara Sea well http://www.upstreamonline.com/live/1376685/Sanctions-risk-for-Kara-Sea-well Exploration work being carried out by ExxonMobil in Russia’s Kara Sea using a Seadrill-owned rig reportedly is at risk of suspension due to the latest round of Western sanctions, which are also set to hit a raft of upstream projects from the Caspian Sea to Iraq and Ghana. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1376685/Sanctions-risk-for-Kara-Sea-well Mon, 15 Sep 2014 08:36:36 +0000 live US joins EU in fresh Russia sanctions http://www.upstreamonline.com/live/1376578/US-joins-EU-in-fresh-Russia-sanctions Russian energy giants Rosneft and Gazprom were dealt a further blow on Friday after the US followed the EU in imposing fresh sanctions over continued instability in eastern Ukraine. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376578/US-joins-EU-in-fresh-Russia-sanctions Fri, 12 Sep 2014 14:46:07 +0000 live EU names oil trio on sanctions list http://www.upstreamonline.com/live/1376542/EU-names-oil-trio-on-sanctions-list Rosneft and Gazprom Neft have both been officially named by the European Union as two of three Russian oil industry companies targetted by its latest package of sanctions. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376542/EU-names-oil-trio-on-sanctions-list Fri, 12 Sep 2014 07:22:31 +0000 live Indonesia replaces resources man http://www.upstreamonline.com/live/1376522/Indonesia-replaces-resources-man Indonesia's president has appointed an acting Minister of Energy and Mineral Resources to replace Jero Wacik, who resigned last week after being named as a suspect in a corruption case. (Russell Searancke) http://www.upstreamonline.com/live/1376522/Indonesia-replaces-resources-man Fri, 12 Sep 2014 01:00:29 +0000 live New EU sanctions to take effect Friday http://www.upstreamonline.com/live/1376484/New-EU-sanctions-to-take-effect-Friday The European Union is on Friday to press ahead with the implementation of a new round of sanctions against Russian companies and individuals, despite a shaky truce being maintained in eastern Ukraine. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376484/New-EU-sanctions-to-take-effect-Friday Thu, 11 Sep 2014 15:23:53 +0000 live Eni CEO probed over Nigeria block deal http://www.upstreamonline.com/live/1376303/Eni-CEO-probed-over-Nigeria-block-deal Eni's chief executive Claudio Descalzi is under "preliminary investigation" by Italian authorities over the company's purchase of a stake in a Nigerian block earlier this decade. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376303/Eni-CEO-probed-over-Nigeria-block-deal Thu, 11 Sep 2014 09:17:29 +0000 live Gazprom profit chopped http://www.upstreamonline.com/live/1376296/Gazprom-profit-chopped A devalued home currency and an impairment largely related to a bad debt provision in Ukraine sent net profit tumbling at Gazprom in the first quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376296/Gazprom-profit-chopped Thu, 11 Sep 2014 07:36:51 +0000 live Poland sees reduced Russian gas supply http://www.upstreamonline.com/live/1376254/Poland-sees-reduced-Russian-gas-supply Poland said it was receiving 20% less gas than normal from Russia and a German gas operator said its supplies of Russian gas were slightly reduced, reports said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376254/Poland-sees-reduced-Russian-gas-supply Wed, 10 Sep 2014 15:49:10 +0000 live Hickenlooper forms frac task force http://www.upstreamonline.com/live/1376252/Hickenlooper-forms-frac-task-force Colorado governor John Hickenlooper has finalised appointments to a task force that will review the state’s oil and gas regulations as part of a compromise over November ballot issues that could have restricted hydraulic fracturing in the US state. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376252/Hickenlooper-forms-frac-task-force Wed, 10 Sep 2014 15:21:45 +0000 live Canete named EU energy commissioner http://www.upstreamonline.com/live/1376225/Canete-named-EU-energy-commissioner Spain’s Miguel Arias Canete has been named as the EU’s next energy commissioner in a portfolio newly combined with climate change. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1376225/Canete-named-EU-energy-commissioner Wed, 10 Sep 2014 13:25:34 +0000 live BP: 'Scotland should stay in UK' http://www.upstreamonline.com/live/1376216/BP-Scotland-should-stay-in-UK BP chief executive Bob Dudley has said the long-term interests of the North Sea oil and gas industry are best served by Scotland remaining part of the UK. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376216/BP-Scotland-should-stay-in-UK Wed, 10 Sep 2014 13:08:26 +0000 live Metgasco outlines lessons learnt http://www.upstreamonline.com/live/1376170/Metgasco-outlines-lessons-learnt Australian gas producer Metgasco has delivered a stern message in regards to operating in areas with strong community opposition to drilling. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376170/Metgasco-outlines-lessons-learnt Wed, 10 Sep 2014 08:50:57 +0000 live Philippines opens contracting http://www.upstreamonline.com/live/1376155/Philippines-opens-contracting The Philippine government has headed to Australia to talk up its latest contracting round, opening up 11 large areas to the market. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1376155/Philippines-opens-contracting Wed, 10 Sep 2014 06:53:08 +0000 live Chesapeake must face fraud charges http://www.upstreamonline.com/live/1376115/Chesapeake-must-face-fraud-charges Chesapeake Energy must proceed to trial on 21 felony counts alleging that its leasing practices defrauded landowners in Michigan, but the company won dismissal of two charges in a related anti-trust case brought by the state. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376115/Chesapeake-must-face-fraud-charges Tue, 09 Sep 2014 18:40:46 +0000 live Russia 'to back' sanctions-hit firms http://www.upstreamonline.com/live/1376073/Russia-to-back-sanctions-hit-firms Russia’s prime minister has pledged the government will provide support for domestic energy companies, including privately-owned players such as Novatek, in the face of Western sanctions, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1376073/Russia-to-back-sanctions-hit-firms Tue, 09 Sep 2014 12:27:29 +0000 live Iraq names new oil minister http://www.upstreamonline.com/live/1376071/Iraq-names-new-oil-minister Iraq’s fresh government has named a new oil minister in a move that could pave the way to improved relations between Baghdad and Kurdistan on oil contracts. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376071/Iraq-names-new-oil-minister Tue, 09 Sep 2014 12:23:33 +0000 live Petrobras lashes Costa ‘corruption’ claims http://www.upstreamonline.com/live/1376041/Petrobras-lashes-Costa-‘corruption’-claims Petrobras has launched a probe into allegations of widespread corruption at the company aired by a jailed former company executive who named dozens of politicians in the alleged graft. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1376041/Petrobras-lashes-Costa-‘corruption’-claims Tue, 09 Sep 2014 07:28:32 +0000 live Alberta set for new premier http://www.upstreamonline.com/live/1376014/Alberta-set-for-new-premier Former investment banker Jim Prentice will become the next premier of Alberta after taking the helm of his party in the oil-rich Canadian province. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1376014/Alberta-set-for-new-premier Mon, 08 Sep 2014 19:04:26 +0000 live Yemen's Marib pipeline hit again http://www.upstreamonline.com/live/1375935/Yemens-Marib-pipeline-hit-again Tribesmen attacked Yemen's main oil export pipeline on Monday, halting the flow of crude, reports said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1375935/Yemens-Marib-pipeline-hit-again Mon, 08 Sep 2014 11:04:33 +0000 live Russia ‘mulls $40bn Rosneft aid’ http://www.upstreamonline.com/live/1375908/Russia-‘mulls-40bn-Rosneft-aid’ Rosneft could be in line for a $40 billion-plus boost from the Russian state as the oil behemoth looks to fight off the effect of international sanctions against it and the country, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1375908/Russia-‘mulls-40bn-Rosneft-aid’ Mon, 08 Sep 2014 07:30:43 +0000 live Indonesian minister Jero 'quits' http://www.upstreamonline.com/live/1375769/Indonesian-minister-Jero-quits Indonesia’s Minister of Energy & Mineral Resources, Jero Wacik, has resigned in the wake of being named a suspect in a corruption probe, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1375769/Indonesian-minister-Jero-quits Fri, 05 Sep 2014 12:40:50 +0000 live