www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Lukoil boss decries Ukraine claims http://www.upstreamonline.com/live/1389526/lukoil-boss-decries-ukraine-claims Russian independent Lukoil hopes its operations in Ukraine will not be affected by allegations it was involved in funding separatist rebels in the former Soviet republic. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1389526/lukoil-boss-decries-ukraine-claims Fri, 23 Jan 2015 14:52:34 +0000 live Eyes on Saudi amid royal change http://www.upstreamonline.com/live/1389469/eyes-on-saudi-amid-royal-change Following the death of King Abdullah bin Abdulaziz, Saudi Arabia’s new King Salman is likely to stick to his predecessor’s policy of ensuring adequate supplies to the global energy markets and safeguarding the kingdom’s market share despite faltering oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389469/eyes-on-saudi-amid-royal-change Fri, 23 Jan 2015 11:55:03 +0000 live Yemen’s Masila fields ‘resume output’ http://www.upstreamonline.com/live/1389261/yemens-masila-fields-resume-output Oilfield operations in Yemen’s Hadramout province have resumed following a shut-in as rebels seized the president’s chief of staff amid a dispute over a proposed new constitution, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389261/yemens-masila-fields-resume-output Thu, 22 Jan 2015 12:27:59 +0000 live Obama lauds production but focuses on climate http://www.upstreamonline.com/sectors/politics/1389150/obama-lauds-production-but-focuses-on-climate US president Barack Obama touted the country’s tsunami of new oil and natural gas production in his yearly State of the Union address and reiterated his strong support of US efforts to curb climate change but he offered few specific initiatives in the energy sector. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/sectors/politics/1389150/obama-lauds-production-but-focuses-on-climate Wed, 21 Jan 2015 03:00:19 +0000 sectors sectors_politics BP asks for lower Macondo fine http://www.upstreamonline.com/live/1389145/bp-asks-for-lower-macondo-fine UK supermajor BP, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Macondo oil spill. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1389145/bp-asks-for-lower-macondo-fine Tue, 20 Jan 2015 23:18:06 +0000 live KBR, Halliburton appeals rejected http://www.upstreamonline.com/live/1389129/kbr-halliburton-appeals-rejected The US Supreme Court has allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR and Halliburton. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1389129/kbr-halliburton-appeals-rejected Tue, 20 Jan 2015 17:23:55 +0000 live Libyan Opec governor 'missing’ http://www.upstreamonline.com/live/1389090/libyan-opec-governor-missing Samir Kamal, Libya’s governor for oil cartel Opec for the past two years, has disappeared in Tripoli. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389090/libyan-opec-governor-missing Tue, 20 Jan 2015 12:59:12 +0000 live Argentina ‘oil-for-grain’ prosecutor dead http://www.upstreamonline.com/live/1389066/argentina-oil-for-grain-prosecutor-dead An Argentine prosecutor who recently accused President Cristina de Kirchner of involvement in an alleged cover up of a probe into a deadly bombing and an ensuing oil-for-grain proposed deal with Iran has been shot dead. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389066/argentina-oil-for-grain-prosecutor-dead Tue, 20 Jan 2015 09:25:00 +0000 live Yemen output halted amid protests http://www.upstreamonline.com/live/1389036/yemen-output-halted-amid-protests Oil and gas operations in parts of Yemen, including the Total-led Balhalf gas export facility, have suspended operations amid protests over the seizure of a presidential aide by Shi'ite fighters who control the capital Sanaa, reports said. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1389036/yemen-output-halted-amid-protests Mon, 19 Jan 2015 16:22:46 +0000 live Nigeria security risks up - report http://www.upstreamonline.com/live/1389015/nigeria-security-risks-up-report Major cities in Nigeria could see sporadic attacks from Boko Haram in the coming months as security risks in the oil-rich African state are driven up, according to a security analyst group. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1389015/nigeria-security-risks-up-report Mon, 19 Jan 2015 12:56:55 +0000 live Norway holds off on oil medicine http://www.upstreamonline.com/live/1388919/norway-holds-off-on-oil-medicine The Norwegian government is braced to implement a fiscal stimulus to prop up the economy amid fears that falling oil prices will slash vital revenue from crude exports. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1388919/norway-holds-off-on-oil-medicine Fri, 16 Jan 2015 14:26:21 +0000 live Obama methane move could target legacy wells http://www.upstreamonline.com/live/1388643/obama-methane-move-could-target-legacy-wells A former official in the US Justice Department’s environment division warned industry players that the latest proposal to regulate methane emissions from new wells could be a precursor to much more stringent regulations aimed at legacy wells. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1388643/obama-methane-move-could-target-legacy-wells Wed, 14 Jan 2015 19:29:39 +0000 live EPA moves to change oil dispersant rules http://www.upstreamonline.com/live/1388569/epa-moves-to-change-oil-dispersant-rules The US Environmental Protection Agency (EPA) is beginning the process to tighten regulations governing the application of chemicals used to disperse oil spills after criticism that dispersant use during the Macondo oil spill may have done more harm to the environment than good. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1388569/epa-moves-to-change-oil-dispersant-rules Tue, 13 Jan 2015 21:28:02 +0000 live Path cleared for Keystone XL http://www.upstreamonline.com/live/1388377/Path-cleared-for-Keystone-XL The state Supreme Court in Nebraska on Friday removed one of the last hurdles for US President Barack Obama to settle the fate of the politically charged Keystone XL oil pipeline, delivering a closely watched decision on an issue that could help define his second term. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1388377/Path-cleared-for-Keystone-XL Fri, 09 Jan 2015 19:29:27 +0000 live Bipartisan duo float ANWR protection bill http://www.upstreamonline.com/live/1388366/Bipartisan-duo-float-ANWR-protection-bill A bipartisan pair of US congressmen have introduced a bill that would designate more than 1.5 million acres in the Arctic National Wildlife Refuge (ANWR) a wilderness area, which would make the area off limits for oil drilling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1388366/Bipartisan-duo-float-ANWR-protection-bill Fri, 09 Jan 2015 16:55:28 +0000 live Greens sue US over offshore fracking http://www.upstreamonline.com/live/1388277/Greens-sue-US-over-offshore-fracking An environmental group has sued the Obama administration for its failure to release documents revealing the extent of offshore hydraulic fracturing in the Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1388277/Greens-sue-US-over-offshore-fracking Thu, 08 Jan 2015 23:04:11 +0000 live Keystone bill set for Senate vote http://www.upstreamonline.com/live/1388265/Keystone-bill-set-for-Senate-vote US Senate Republicans on Thursday advanced a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to push back President Barack Obama's policies now that they fully control Congress. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1388265/Keystone-bill-set-for-Senate-vote Thu, 08 Jan 2015 19:45:00 +0000 live Scotland calls for North Sea tax cut http://www.upstreamonline.com/live/1388237/Scotland-calls-for-North-Sea-tax-cut The Scottish government has called for the UK to urgently reform oil and gas taxes with a phased reduction of the supplementary charge and a new investment allowance for high-cost field developments. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1388237/Scotland-calls-for-North-Sea-tax-cut Thu, 08 Jan 2015 17:05:31 +0000 live Obama in Keystone XL veto threat http://www.upstreamonline.com/live/1387933/Obama-in-Keystone-XL-veto-threat US President Barack Obama plans to veto any legislation approving construction of the controversial Keystone XL pipeline. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387933/Obama-in-Keystone-XL-veto-threat Tue, 06 Jan 2015 18:48:23 +0000 live TPAO to continue Cyprus exploration http://www.upstreamonline.com/live/1387931/TPAO-to-continue-Cyprus-exploration A Turkish seismic vessel will reportedly continue exploration work off Cyprus, extending a simmering standoff between rival sides on the ethnically split island over offshore gas reserves. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387931/TPAO-to-continue-Cyprus-exploration Tue, 06 Jan 2015 18:25:32 +0000 live Two dead as Libya bombs Greek tanker http://www.upstreamonline.com/live/1387822/Two-dead-as-Libya-bombs-Greek-tanker Two crew members were killed and another two injured when Libyan military jets bombed a Greek oil tanker at the port of Derna over the weekend. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387822/Two-dead-as-Libya-bombs-Greek-tanker Mon, 05 Jan 2015 15:57:45 +0000 live Maduro seeks oil price support http://www.upstreamonline.com/live/1387776/Maduro-seeks-oil-price-support Venezuela’s President Nicolas Maduro has begun an international tour to help bolster the oil-rich South American nation’s economy as it struggles under the weight of collapsing oil prices, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387776/Maduro-seeks-oil-price-support Mon, 05 Jan 2015 08:36:32 +0000 live Brazil swears in new energy minister http://www.upstreamonline.com/live/1387765/Brazil-swears-in-new-energy-minister Brazil has sworn in a new energy minister, an ally of President Dilma Rousseff appointed during a contentious time for high-ranking energy figures in the South American nation. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387765/Brazil-swears-in-new-energy-minister Fri, 02 Jan 2015 21:24:50 +0000 live Jewell sceptical of frac bans http://www.upstreamonline.com/live/1387764/Jewell-sceptical-of-frac-bans US Secretary of Interior Sally Jewell said bans on hydraulic fracturing are 'the wrong way to go' as they create confusion for both operators and the general public. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387764/Jewell-sceptical-of-frac-bans Fri, 02 Jan 2015 19:39:22 +0000 live Chinese energy body appoints new director http://www.upstreamonline.com/live/1387696/Chinese-energy-body-appoints-new-director The Chinese government has appointed Nur Bekri as the new director of the National Energy Administration, replacing the retiring Xu Xinxiong. (Xu Yihe) http://www.upstreamonline.com/live/1387696/Chinese-energy-body-appoints-new-director Wed, 31 Dec 2014 04:40:58 +0000 live Judge demands details of Chevron-YPF deal http://www.upstreamonline.com/live/1387694/Judge-demands-details-of-Chevron-YPF-deal A judge in Argentina has reportedly ordered state-run energy company YPF to fully disclose details of its contract with US supermajor Chevron to explore the Vaca Muerta shale in the South American country. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387694/Judge-demands-details-of-Chevron-YPF-deal Tue, 30 Dec 2014 23:47:16 +0000 live US unveils guidance on condensate exports http://www.upstreamonline.com/live/1387686/US-unveils-guidance-on-condensate-exports The Obama administration on Tuesday took two long-awaited steps that could increase the amount of processed light crude that can be shipped under the 40-year-old ban on exports of most domestic crude. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387686/US-unveils-guidance-on-condensate-exports Tue, 30 Dec 2014 22:05:26 +0000 live Wintershall halts Libya production http://www.upstreamonline.com/live/1387682/Wintershall-halts-Libya-production Germany’s Wintershall has been forced to halt onshore production at a pair of concessions onshore Libya due to the unfolding unrest in the north African state. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1387682/Wintershall-halts-Libya-production Tue, 30 Dec 2014 16:27:32 +0000 live Oil prices put Alaska projects on ice http://www.upstreamonline.com/live/1387645/Oil-prices-put-Alaska-projects-on-ice Low oil prices will force the US state of Alaska to suspend spending on several high-profile infrastructure projects, including a small-diameter gas pipeline from the North Slope, according to reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387645/Oil-prices-put-Alaska-projects-on-ice Mon, 29 Dec 2014 19:20:03 +0000 live Rosneft takes Lukoil’s NOC stake http://www.upstreamonline.com/live/1387506/Rosneft-takes-Lukoil’s-NOC-stake Russian giant Rosneft is buying compatriot operator Lukoil’s stake in a consortium that has a joint venture with Venezuelan state player PDVSA. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387506/Rosneft-takes-Lukoil’s-NOC-stake Wed, 24 Dec 2014 08:51:31 +0000 live Chinese numbers jump http://www.upstreamonline.com/live/1387500/Chinese-numbers-jump Chinese oil demand rose by 3.5% in November year-on-year to more than 10.31 million barrels per day, according to a Platts analysis. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1387500/Chinese-numbers-jump Wed, 24 Dec 2014 06:35:20 +0000 live Israel moves threaten Noble Leviathan plans http://www.upstreamonline.com/live/1387482/Israel-moves-threaten-Noble-Leviathan-plans Recent moves by Israel to potentially break up the "cartel" controlling the Leviathan offshore gas field could scuttle development of one of the largest gas discoveries in a decade, operator Noble Energy said. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387482/Israel-moves-threaten-Noble-Leviathan-plans Tue, 23 Dec 2014 22:30:28 +0000 live Gazprom seeks cost cuts http://www.upstreamonline.com/live/1387460/Gazprom-seeks-cost-cuts Gazprom is looking to axe more than $230 million in costs next year, while asset purchases appear all but ruled out. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387460/Gazprom-seeks-cost-cuts Tue, 23 Dec 2014 14:40:55 +0000 live Israel ‘recommends’ Leviathan stake breakup http://www.upstreamonline.com/live/1387450/Israel-‘recommends’-Leviathan-stake-breakup Israeli antitrust authorities have recommended the breakup of what it sees as the excessive control over the country’s largest field by US giant Noble Energy and a local company, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1387450/Israel-‘recommends’-Leviathan-stake-breakup Tue, 23 Dec 2014 10:55:47 +0000 live Israel could revoke Leviathan licence http://www.upstreamonline.com/live/1387420/Israel-could-revoke-Leviathan-licence Israel's antitrust authority said it may revoke an arrangement permitting an Israeli and a US company to develop Israel's largest natural gas field by branding them a cartel. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1387420/Israel-could-revoke-Leviathan-licence Tue, 23 Dec 2014 00:40:03 +0000 live RRC makes a stink about waste disposal http://www.upstreamonline.com/live/1387417/RRC-makes-a-stink-about-waste-disposal The Railroad Commission of Texas has issued guidance to oil and gas operators in the US state about how to properly dispose of a different kind of waste - human waste. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1387417/RRC-makes-a-stink-about-waste-disposal Mon, 22 Dec 2014 22:40:40 +0000 live Rousseff stands by Petrobras chief http://www.upstreamonline.com/live/1387384/Rousseff-stands-by-Petrobras-chief Brazil's President Dilma Rousseff said she has no plans to replace the chief executive of state-run oil firm Petrobras Maria das Gracas Foster, saying there was no evidence that senior management was involved in a graft scandal at the company. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1387384/Rousseff-stands-by-Petrobras-chief Mon, 22 Dec 2014 17:02:01 +0000 live Feds try to streamline onshore drilling permits http://www.upstreamonline.com/live/1386799/Feds-try-to-streamline-onshore-drilling-permits The US government has re-authorised a pilot programme to decrease the time it takes for the Bureau of Land Management (BLM) to process drilling permits at especially busy field offices. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1386799/Feds-try-to-streamline-onshore-drilling-permits Tue, 16 Dec 2014 20:54:38 +0000 live Petronas looks for international oil http://www.upstreamonline.com/live/1386533/Petronas-looks-for-international-oil Petronas continues to be on the lookout for value growth-enhancing international exploration and production assets, vice president for Upstream International, Mr. Sharbini Suhaili told the media at the IPTC conference. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1386533/Petronas-looks-for-international-oil Fri, 12 Dec 2014 03:42:36 +0000 live Ex-China energy official 'gets life' for bribes http://www.upstreamonline.com/live/1386496/Ex-China-energy-official-gets-life-for-bribes A Chinese court has sentenced the former head of the country's energy agency to life in prison for taking millions of dollars worth of bribes to approve projects, according to reports. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1386496/Ex-China-energy-official-gets-life-for-bribes Thu, 11 Dec 2014 17:16:54 +0000 live Brazil plans Petrobras debt aid http://www.upstreamonline.com/live/1386488/Brazil-plans-Petrobras-debt-aid Brazilian oil giant Petrobras is on the verge of receiving help with debt financing from the state as the government lines up an asset-backed securities offering, according to Reuters. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386488/Brazil-plans-Petrobras-debt-aid Thu, 11 Dec 2014 16:08:41 +0000 live Norway initiates green coalition in Lima http://www.upstreamonline.com/live/1386329/Norway-initiates-green-coalition-in-Lima A global coalition was launched at the UN Climate Change Conference in Peru on Wednesday that seeks to increase the use of renewable energy use, chop emissions and cut spending. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386329/Norway-initiates-green-coalition-in-Lima Thu, 11 Dec 2014 10:35:44 +0000 live Malaysia to reduce oil dependence http://www.upstreamonline.com/live/1386305/Malaysia-to-reduce-oil-dependence Malaysia's dependency on oil has reduced over the years and the country's broad-based economy will enable the country to ride the current fluctuations in oil prices, http://www.upstreamonline.com/live/1386305/Malaysia-to-reduce-oil-dependence Thu, 11 Dec 2014 02:42:43 +0000 live US spending bill would block bird protection http://www.upstreamonline.com/live/1386299/US-spending-bill-would-block-bird-protection A proposed $1.1 trillion spending bill to fund the US government in 2015 would prevent the White House from protecting a variety of bird species in the western US, according to reports, in a move seen as a victory for oil and gas proponents. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1386299/US-spending-bill-would-block-bird-protection Wed, 10 Dec 2014 23:53:51 +0000 live Opec sees oil demand growth in 2015 http://www.upstreamonline.com/live/1386283/Opec-sees-oil-demand-growth-in-2015 Opec sees a rise in global oil demand next year, but to a level that is lower than the oil cartel had previously predicted. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386283/Opec-sees-oil-demand-growth-in-2015 Wed, 10 Dec 2014 16:13:01 +0000 live Russia, Venezuela 'in oil price firing line' http://www.upstreamonline.com/live/1386251/Russia-Venezuela-in-oil-price-firing-line Russia and Venezuela have the most to lose among oil-exporting sovereign states from a sustained period of low oil prices, a new analysis from Moody’s has warned. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1386251/Russia-Venezuela-in-oil-price-firing-line Wed, 10 Dec 2014 11:29:28 +0000 live Global instability 'to persist in 2015' http://www.upstreamonline.com/live/1386172/Global-instability-to-persist-in-2015 Divisive elections may provoke unrest in Nigeria, Venezuela and Myanmar, says analysis Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1386172/Global-instability-to-persist-in-2015 Wed, 10 Dec 2014 00:02:00 +0000 live ExxonMobil: Energy demand to rise 35% http://www.upstreamonline.com/live/1386217/ExxonMobil-Energy-demand-to-rise-35 The world will see a 35% increase in energy demand by 2040, a figure tempered by increases in gains in efficiency even as the size of the middle class worldwide will more than double over that period, according to ExxonMobil's latest energy outlook. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1386217/ExxonMobil-Energy-demand-to-rise-35 Tue, 09 Dec 2014 20:01:43 +0000 live UKCS job ops to fall - report http://www.upstreamonline.com/live/1386146/UKCS-job-ops-to-fall---report The UK’s offshore oil and gas industry will provide jobs for 12,000 new entrants over the next five years, although total employment on the continental shelf will fall over the same period, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386146/UKCS-job-ops-to-fall---report Tue, 09 Dec 2014 10:21:20 +0000 live Barton 'to float bill ending oil-export ban' http://www.upstreamonline.com/live/article1386121.ece US Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1386121.ece Tue, 09 Dec 2014 00:03:31 +0000 live SacOil in $6bn pipeline study http://www.upstreamonline.com/live/1386084/SacOil-in-6bn-pipeline-study Explorer and others to look at feasibility of huge gas pipeline from offshore Mozambique fields to South Africa Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1386084/SacOil-in-6bn-pipeline-study Mon, 08 Dec 2014 16:03:18 +0000 live Russia ‘restarts' Ukraine gas flows http://www.upstreamonline.com/live/1386080/Russia-‘restarts-Ukraine-gas-flows Russia has finally resumed gas supplies to Ukraine after a six-month stoppage caused by a dispute over prices and unpaid debts, Ukrainian gas transport monopoly Ukrtransgaz was reported as saying on Tuesday. (News Wires) http://www.upstreamonline.com/live/1386080/Russia-‘restarts-Ukraine-gas-flows Mon, 08 Dec 2014 14:40:47 +0000 live UK fiscal plan in spotlight http://www.upstreamonline.com/live/1385830/UK-fiscal-plan-in-spotlight The UK government has laid out a tentative plan to consult with industry players early next year regarding a plethora of changes to the fiscal regime governing North Sea exploration and production. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385830/UK-fiscal-plan-in-spotlight Thu, 04 Dec 2014 16:12:32 +0000 live Juncker: ‘South Stream can survive’ http://www.upstreamonline.com/live/1385816/Juncker-‘South-Stream-can-survive’ EC president insists controversial gas pipeline from Russia can still be built despite Moscow’s stance this week Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1385816/Juncker-‘South-Stream-can-survive’ Thu, 04 Dec 2014 14:36:22 +0000 live Myanmar tipped as hot spot http://www.upstreamonline.com/live/1385599/Myanmar-tipped-as-hot-spot Myanmar expects that it could become "a hot spot" for investments in floating production, storage and offloading vessels by 2020 on the basis that a lot of the planned exploration drilling in the country will result in discoveries. (Russell Searancke) http://www.upstreamonline.com/live/1385599/Myanmar-tipped-as-hot-spot Thu, 04 Dec 2014 06:52:41 +0000 live APPEA welcomes new Vic minister http://www.upstreamonline.com/live/1385591/APPEA-welcomes-new-Vic-minister The Australian Petroleum Production and Exploration Association has welcomed in a new Victorian Minister for Energy and Resources Lily D’Ambrosio. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1385591/APPEA-welcomes-new-Vic-minister Thu, 04 Dec 2014 06:22:49 +0000 live 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