www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Alberta’s climate change policy welcomed http://www.upstreamonline.com/live/1417997/albertas-climate-change-policy-welcomed Becoming a leader in climate change reform has been the Alberta government’s dream since the New Democratic Party took office in May 2015. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417997/albertas-climate-change-policy-welcomed Fri, 27 Nov 2015 16:01:41 +0000 live Russia 'backs French action' against IS oil http://www.upstreamonline.com/live/1417972/russia-backs-french-action-against-is-oil Russia and France are reported to have agreed to step up air strikes against oil transport by the so-called Islamic State (IS) in Syria after presidents of both countries met to discuss measures to counter the militant group. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1417972/russia-backs-french-action-against-is-oil Fri, 27 Nov 2015 09:00:16 +0000 live Norway government on spot over Statoil http://www.upstreamonline.com/live/1417968/norway-government-on-spot-over-statoil Norway waits for a response, as cost cuts, unemployment and fears for future projects take their toll Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417968/norway-government-on-spot-over-statoil Fri, 27 Nov 2015 08:43:59 +0000 live Russia eyes 'TurkStream sanction' http://www.upstreamonline.com/live/1417945/russia-eyes-turkstream-sanction Russia is reportedly considering imposing restrictions on its proposed Turkish Stream gas pipeline via Turkey in retaliation for the downing of one of its fighter jets by Turkish forces, posing a further potential obstacle to the stalled route. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417945/russia-eyes-turkstream-sanction Thu, 26 Nov 2015 14:22:53 +0000 live 'Too early' for CCS decision: contenders http://www.upstreamonline.com/live/1417918/too-early-for-ccs-decision-contenders The future of carbon capture and storage (CCS) projects in the UK is not yet "definitive" but continuation is "difficult to imagine without the governments' £1 billion ($1.5 billion) support scheme" that was recently cancelled, project contenders said. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417918/too-early-for-ccs-decision-contenders Thu, 26 Nov 2015 10:28:31 +0000 live UK cuts $1.5bn CCS scheme http://www.upstreamonline.com/live/1417757/uk-cuts-usd-15bn-ccs-scheme The UK government has cut its funding for the £1 billion ($1.5 billion) carbon capture & storage competition (CCS), following the release of the Autumn Statement Review, which aims for savings to several government departments. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417757/uk-cuts-usd-15bn-ccs-scheme Wed, 25 Nov 2015 17:34:44 +0000 live Genel, New Age in ‘early stage’ talks http://www.upstreamonline.com/live/1417755/genel-new-age-in-early-stage-talks Genel Energy is in early stage talks with privately-held New Age African Global Energy that may lead to a merger between the two companies, which have overlapping acreage portfolios. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417755/genel-new-age-in-early-stage-talks Wed, 25 Nov 2015 15:33:29 +0000 live Car Wash police collar bank boss http://www.upstreamonline.com/live/1417738/car-wash-police-collar-bank-boss The Brazilian federal police have made another round of arrests linked to the Operation Car Wash anti-corruption investigations, with the chief executive of BTG Pactual bank - a major player in the Brazilian oil sector - among the latest to be affected. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417738/car-wash-police-collar-bank-boss Wed, 25 Nov 2015 14:14:50 +0000 live US destroys more Isis oil trucks http://www.upstreamonline.com/live/1417581/us-destroys-more-isis-oil-trucks The US military has continued to target the so-called Islamic State’s (Isis) oil revenue stream by bombing almost 300 fuel trucks in Syria, according to reports. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417581/us-destroys-more-isis-oil-trucks Tue, 24 Nov 2015 08:38:14 +0000 live Sanders: 'To hell with' fossil fuels http://www.upstreamonline.com/live/1417561/sanders-to-hell-with-fossil-fuels US Senator Bernie Sanders, a longtime opponent of the oil and gas industry and corporate wealth, lambasted the fossil fuel industry and its conservative allies, accusing them of covering up information on climate change and taking advantage of the middle class. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417561/sanders-to-hell-with-fossil-fuels Mon, 23 Nov 2015 19:17:46 +0000 live Alberta sets oil sands limit, carbon tax http://www.upstreamonline.com/live/1417518/alberta-sets-oil-sands-limit-carbon-tax Alberta is setting a limit on oil sands emissions as the key Canadian hydrocarbons-producing province also puts a price on carbon as part of measures to tackle climate change in a move applauded by industry. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417518/alberta-sets-oil-sands-limit-carbon-tax Mon, 23 Nov 2015 12:58:26 +0000 live New twist to events in Syria http://www.upstreamonline.com/live/1417515/new-twist-to-events-in-syria Consider this scenario: Russia increasingly assumes ownership of the war in Syria and of the country. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417515/new-twist-to-events-in-syria Mon, 23 Nov 2015 12:27:48 +0000 live Macri scoops Argentina win http://www.upstreamonline.com/live/1417496/macri-scoops-argentina-win Argentina is heading for a change of administration after the centre-left party of outgoing president Cristina Fernandez de Kirchner was defeated in Sunday’s presidential election. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417496/macri-scoops-argentina-win Mon, 23 Nov 2015 09:13:34 +0000 live ExxonMobil's Liberia return gives boost http://www.upstreamonline.com/live/1417393/exxonmobils-liberia-return-gives-boost ExxonMobil is back in Liberia. Block 13 was signed up in 2013 but operations were placed on hold when the Ebola virus was detected in nearby Guinea and spread throughout the region — with Sierra Leone and Liberia the hardest hit. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417393/exxonmobils-liberia-return-gives-boost Fri, 20 Nov 2015 11:32:51 +0000 live Lawmaker presses Hess over St Croix http://www.upstreamonline.com/live/1417364/lawmaker-presses-hess-over-st-croix A US congresswoman is seeking a meeting with the leadership of Hess Corp over the sudden closure of the company's refinery on St Croix in the Virgin Islands in 2012. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417364/lawmaker-presses-hess-over-st-croix Thu, 19 Nov 2015 18:48:24 +0000 live US targets Isis oil in air strikes http://www.upstreamonline.com/live/1417312/us-targets-isis-oil-in-air-strikes US-led air strikes have reportedly hit at least 177 targets in the Islamic State's (Isis) main oil-producing region over the past month, as Washington intensifies efforts to disrupt a key revenue source for the terrorist group. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417312/us-targets-isis-oil-in-air-strikes Thu, 19 Nov 2015 01:43:48 +0000 live US industry groups announce merger http://www.upstreamonline.com/live/1417156/us-industry-groups-announce-merger Two leading US oil and gas trade groups are set to merge into a single trade association at the beginning of 2016, according to a release. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417156/us-industry-groups-announce-merger Wed, 18 Nov 2015 19:10:58 +0000 live Kazakhstan to sell KMG stake http://www.upstreamonline.com/incoming/1417137/kazakhstan-to-sell-kmg-stake The government of Kazakhstan is planning to sell at least a 25% share in state-owned companies, including oil and gas player KazMunaiGas (KMG), as the country is planning to take part in a privatisation process to fight its weakening currency. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1417137/kazakhstan-to-sell-kmg-stake Wed, 18 Nov 2015 15:55:52 +0000 ece_incoming UK aims for gas over coal http://www.upstreamonline.com/live/1417132/uk-aims-for-gas-over-coal The UK gas market could be set for a shot in the arm as the country looks to replace coal as a feedstock for power stations with the less carbon-intensive fossil fuel. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417132/uk-aims-for-gas-over-coal Wed, 18 Nov 2015 15:26:35 +0000 live Oil up on global tensions http://www.upstreamonline.com/live/1416943/oil-up-on-global-tensions Oil prices edged up on Monday on geopolitical concerns after Friday's deadly attacks in Paris claimed by Islamic militants, but gains were muted due to a global crude glut, Reuters reported. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416943/oil-up-on-global-tensions Mon, 16 Nov 2015 13:07:47 +0000 live Brazil cops eye further Car Wash arrests http://www.upstreamonline.com/live/1416934/brazil-cops-eye-further-car-wash-arrests Police investigating the corruption scandal at Petrobras are looking to arrest and question a plethora of former executives at the Brazilian state giant as the probe swells, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416934/brazil-cops-eye-further-car-wash-arrests Mon, 16 Nov 2015 12:23:48 +0000 live Paradox at heart of industry will remain http://www.upstreamonline.com/live/1416922/paradox-at-heart-of-industry-will-remain UK researchers believe the world is already half-way towards the doomsday scenario of a two-degree rise in global temperatures, US President Barack Obama has just vetoed the Keystone XL pipeline and ExxonMobil is being pursued by a US prosecutor for allegedly burying its own research on climate change. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416922/paradox-at-heart-of-industry-will-remain Mon, 16 Nov 2015 11:03:58 +0000 live Pemex well watched on both sides of border http://www.upstreamonline.com/live/1416839/pemex-well-watched-on-both-sides-of-border State-run Mexican company Pemex is gearing up to drill a new deep-water well less than three miles (4.8 kilometres) from the US maritime border, its latest exploration push in the Perdido foldbelt that, if successful, could test an international framework for managing transboundary resources. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416839/pemex-well-watched-on-both-sides-of-border Fri, 13 Nov 2015 15:45:58 +0000 live Tanzania must unite to succeed http://www.upstreamonline.com/live/1416814/tanzania-must-unite-to-succeed Tanzania defied the doomsayers in October with largely peaceful polls, but the expectations of many that the process would inject new blood and oust the ruling party Chama Cha Mapinduzi (CCM) from power were dashed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416814/tanzania-must-unite-to-succeed Fri, 13 Nov 2015 08:12:29 +0000 live Nigeria aims for PIB push http://www.upstreamonline.com/live/1416521/nigeria-aims-for-pib-push Newly-appointed Nigerian Deputy Oil Minister Ibe Kachikwu is to amend the much-criticised and heavily delayed Petroleum Industry Bill (PIB) in an effort to finally ease its passage through the country’s administrative system, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416521/nigeria-aims-for-pib-push Wed, 11 Nov 2015 16:36:38 +0000 live ‘Nations failing on energy trilemma’ http://www.upstreamonline.com/incoming/1416487/nations-failing-on-energy-trilemma Countries around the world are failing to develop a balanced approach to their energy policy as only two countries out of 130 are meeting their “energy trilemma challenge”, according to research. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1416487/nations-failing-on-energy-trilemma Wed, 11 Nov 2015 11:31:11 +0000 ece_incoming ‘Oil rush’ still in slow lane http://www.upstreamonline.com/live/1416431/oil-rush-still-in-slow-lane The media in Tehran have been so feverish in recent days with speculation over reported oil and gas deals that an innocent visitor might conclude Iran is in the midst of an unprecedented oil rush. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416431/oil-rush-still-in-slow-lane Tue, 10 Nov 2015 15:40:24 +0000 live Buhari axes anti-corruption boss http://www.upstreamonline.com/live/1416396/buhari-axes-anti-corruption-boss Nigerian President Muhammadu Buhari has stood down the country’s anti-corruption boss months before his term was due to expire. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416396/buhari-axes-anti-corruption-boss Tue, 10 Nov 2015 08:39:39 +0000 live 'Oil price set for change': Al Mazrouei http://www.upstreamonline.com/live/1416279/oil-price-set-for-change-al-mazrouei Crude oil prices are likely to see a correction next year and low prices are not sustainable for the long term, according to United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416279/oil-price-set-for-change-al-mazrouei Mon, 09 Nov 2015 09:14:42 +0000 live Obama rejects Keystone XL pipeline http://www.upstreamonline.com/live/1416207/obama-rejects-keystone-xl-pipeline US President Barack Obama has decided to formally reject TransCanada's permit to build the controversial Keystone XL pipeline, ending years of political gamesmanship that turned the project into a symbol in the debate over climate change. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1416207/obama-rejects-keystone-xl-pipeline Fri, 06 Nov 2015 16:10:53 +0000 live Buhari must seize Nigeria’s moment http://www.upstreamonline.com/live/1416190/buhari-must-seize-nigerias-moment Five months into his presidency and the man who would clear Nigeria’s Augean stables of corrupt practice and knock heads to ensure transparent dealings in the oil industry and beyond is facing a crisis of confidence within his own All Progressives Congress (APC) party. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416190/buhari-must-seize-nigerias-moment Fri, 06 Nov 2015 12:27:18 +0000 live UAE to stick to expansion campaign http://www.upstreamonline.com/live/1416182/uae-to-stick-to-expansion-campaign The United Arab Emirates is trying to take the oil price collapse in stride, pressing ahead with significant output expansion plans at both its onshore and offshore fields. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416182/uae-to-stick-to-expansion-campaign Fri, 06 Nov 2015 09:22:59 +0000 live Statoil loses Agbami ruling http://www.upstreamonline.com/live/1416173/statoil-loses-agbami-ruling Statoil could be forced to dole out more than $1 billion after it lost an arbitration ruling in relation to a long-running case in Nigeria over a field stake redetermination process. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1416173/statoil-loses-agbami-ruling Fri, 06 Nov 2015 08:38:41 +0000 live Keystone fate in doubt as decision looms http://www.upstreamonline.com/live/1416122/keystone-fate-in-doubt-as-decision-looms The fate of the controversial Keystone XL looked increasingly grim with the Obama administration looking likely to reject a permit for operator TransCanada, as political gamesmanship continued. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1416122/keystone-fate-in-doubt-as-decision-looms Thu, 05 Nov 2015 17:26:10 +0000 live US senators unveil bill to block drilling http://www.upstreamonline.com/live/1415917/us-senators-unveil-bill-to-block-drilling US senators have introduced a bill that aims to fight climate change by blocking fossil fuel development on federal lands--a step dismissed by the oil and gas industry as extreme. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1415917/us-senators-unveil-bill-to-block-drilling Wed, 04 Nov 2015 20:00:13 +0000 live Tillerson makes Forbes power list http://www.upstreamonline.com/live/1415912/tillerson-makes-forbes-power-list ExxonMobil boss Rex Tillerson led the charge of oilmen on Forbes magazine’s latest list of the most powerful people in the world. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1415912/tillerson-makes-forbes-power-list Wed, 04 Nov 2015 17:57:36 +0000 live Alaska approves AK LNG stake buyout http://www.upstreamonline.com/live/1415898/alaska-approves-ak-lng-stake-buyout Alaska legislators have approved a nearly US$68.5 million buyout of TransCanada's interest in the proposed Alaska liquefied natural gas (AK LNG) megaproject on the North Slope. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1415898/alaska-approves-ak-lng-stake-buyout Wed, 04 Nov 2015 16:18:25 +0000 live OGA names new director trio http://www.upstreamonline.com/live/1415894/oga-names-new-director-trio The UK Oil & Gas Authority (OGA) has appointed three new non-executive directors, completing the fledgling regulator's latest round of senior recruitment. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1415894/oga-names-new-director-trio Wed, 04 Nov 2015 15:37:20 +0000 live 'Oil over $100 in a few years' - analyst http://www.upstreamonline.com/live/1415889/oil-over-usd-100-in-a-few-years-analyst Prices of $70 simply not sustainable beyond 2017, Oslo conference told Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1415889/oil-over-usd-100-in-a-few-years-analyst Wed, 04 Nov 2015 14:40:09 +0000 live Brazil strike slashes oil output http://www.upstreamonline.com/live/1415838/brazil-strike-slashes-oil-output Brazil has seen its daily oil output slashed by a half a million barrels due to a labour strike that entered its third day on Tuesday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1415838/brazil-strike-slashes-oil-output Tue, 03 Nov 2015 22:58:41 +0000 live Cove Point protest goes prime time http://www.upstreamonline.com/live/1415826/cove-point-protest-goes-prime-time A group protesting the construction of Dominion Resources' Cove Point liquefied natural gas plant interrupted a high-profile American football game on Monday night, targeting financiers of the export project and urging them to withdraw support. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1415826/cove-point-protest-goes-prime-time Tue, 03 Nov 2015 17:45:01 +0000 live Ecuador's Oxy bill 'reduced to $1bn' http://www.upstreamonline.com/live/1415725/ecuadors-oxy-bill-reduced-to-usd-1bn Ecuador's government got a reported 40% reduction in compensation owed to US producer Occidental Petroleum for seizing assets in the country and is now required to pay the company about $1 billion. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1415725/ecuadors-oxy-bill-reduced-to-usd-1bn Mon, 02 Nov 2015 21:00:27 +0000 live Left piles on pressure for ExxonMobil probe http://www.upstreamonline.com/live/1415579/left-piles-on-pressure-for-exxonmobil-probe US presidential hopeful Hillary Clinton added her voice Thursday to a growing chorus of leading liberals calling for an investigation into reports that ExxonMobil covered up climate change research. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1415579/left-piles-on-pressure-for-exxonmobil-probe Fri, 30 Oct 2015 22:13:37 +0000 live Magufuli in Tanzania 'election win' http://www.upstreamonline.com/live/1415451/magufuli-in-tanzania-election-win Tanzania’s ruling party Chama Cha Mapinduzi (CCM) has reportedly won the presidential election, with its candidate John Magufuli edging out rival contender Edward Lowassa who had pledged to review oil and gas contracts if elected. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1415451/magufuli-in-tanzania-election-win Thu, 29 Oct 2015 14:04:18 +0000 live Local content back on agenda http://www.upstreamonline.com/live/1415063/local-content-back-on-agenda Brazil's government is set to introduce regulatory changes aimed at making local content policies more responsive to the challenges faced by oil companies and Brazilian suppliers. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1415063/local-content-back-on-agenda Tue, 27 Oct 2015 12:08:30 +0000 live Chinese 'shot' across US warship bow http://www.upstreamonline.com/live/1415059/chinese-shot-across-us-warship-bow A smouldering territorial dispute over resource-rich waters in the South China Sea has been further inflamed after an incursion by a US Navy warship that has triggered a backlash from Beijing, according to a report Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1415059/chinese-shot-across-us-warship-bow Tue, 27 Oct 2015 10:47:23 +0000 live A climate strategy is needed, and quickly http://www.upstreamonline.com/live/1414957/a-climate-strategy-is-needed-and-quickly This is not all “blah, blah, blah,” argued Repsol chief executive Josu Jon Imaz San Miguel when talking in Paris last week about an oil industry initiative to help tackle climate change. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414957/a-climate-strategy-is-needed-and-quickly Mon, 26 Oct 2015 11:26:20 +0000 live Solution to Libya chaos lies within http://www.upstreamonline.com/live/1414852/solution-to-libya-chaos-lies-within With the world fretting over Syria and Iraq, there has not been much time to worry about Libya, where chaos has been the order of the day for most of the four years since the violent overthrow of the Gaddafi regime. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414852/solution-to-libya-chaos-lies-within Fri, 23 Oct 2015 08:29:49 +0000 live Chevron loses Oz tax ruling http://www.upstreamonline.com/live/1414845/chevron-loses-oz-tax-ruling Chevron has lost an Australian tax case that will see the US supermajor pay more than A$300 million (US$218 million) in back taxes and penalties. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414845/chevron-loses-oz-tax-ruling Fri, 23 Oct 2015 07:50:52 +0000 live US ‘to investigate PDVSA’ http://www.upstreamonline.com/incoming/1414772/us-to-investigate-pdvsa US authorities have reportedly launched an investigation into whether a Venezuelan leader used state-owned oil giant PDVSA to steal billions of dollars from the country through kickbacks and other schemes. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1414772/us-to-investigate-pdvsa Thu, 22 Oct 2015 14:34:50 +0000 ece_incoming Ireland unveils higher max oil tax http://www.upstreamonline.com/live/1414753/ireland-unveils-higher-max-oil-tax Ireland is to significantly increase the maximum rate of tax on oil and gas production in new draft plans revealed on Thursday. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414753/ireland-unveils-higher-max-oil-tax Thu, 22 Oct 2015 08:23:35 +0000 live Unite urges more talks after strike vote http://www.upstreamonline.com/live/1414582/unite-urges-more-talks-after-strike-vote The Unite trade union has urged employers to return to the negotiating table after North Sea offshore catering workers voted for strike action over a long-standing pay dispute. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1414582/unite-urges-more-talks-after-strike-vote Wed, 21 Oct 2015 15:54:16 +0000 live Liberals clinch Canadian election http://www.upstreamonline.com/live/1414513/liberals-clinch-canadian-election Canadian voters ousted Prime Minister Stephen Harper's Conservative government in Monday's election, giving Justin Trudeau's Liberals a firm majority in the oil-producing nation's Parliament. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1414513/liberals-clinch-canadian-election Tue, 20 Oct 2015 19:43:28 +0000 live Kenya must address Ugandan concerns http://www.upstreamonline.com/live/1414422/kenya-must-address-ugandan-concerns Trust between Kenya and Uganda, the two key members of the East African Community, appears to be in short supply. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414422/kenya-must-address-ugandan-concerns Mon, 19 Oct 2015 15:16:34 +0000 live Eni presents Zohr development plan http://www.upstreamonline.com/live/1414383/eni-presents-zohr-development-plan Italy’s Eni has presented the Egyptian government with its development plans for the giant Zohr gas field unearthed earlier this year in the Mediterranean. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414383/eni-presents-zohr-development-plan Mon, 19 Oct 2015 11:37:11 +0000 live US cancels Arctic lease sales http://www.upstreamonline.com/live/1414317/us-cancels-arctic-lease-sales The Obama administration has canceled two potential offshore lease sales in the Arctic just weeks after Shell reported disappointing results in the Chukchi Sea off Alaska. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1414317/us-cancels-arctic-lease-sales Fri, 16 Oct 2015 20:47:36 +0000 live Ghana in gas supply 'crisis talks' http://www.upstreamonline.com/live/1414205/ghana-in-gas-supply-crisis-talks A Ghanaian government delegation is reported to be holding emergency talks in Nigeria to avert the threat of a gas supply cut that could trigger a political crisis. (News Wires) http://www.upstreamonline.com/live/1414205/ghana-in-gas-supply-crisis-talks Thu, 15 Oct 2015 12:17:51 +0000 live Gulf Keystone gets more Shaikan cash http://www.upstreamonline.com/live/1414166/gulf-keystone-gets-more-shaikan-cash Shares in Gulf Keystone Petroleum rose on Thursday after it said it is making interest payments following receipt of another injection of cash for oil flows in Iraqi Kurdistan. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1414166/gulf-keystone-gets-more-shaikan-cash Thu, 15 Oct 2015 07:34:47 +0000 live Deepening Syria crisis adds to unpredictability http://www.upstreamonline.com/live/1413905/deepening-syria-crisis-adds-to-unpredictability The crisis in Syria appears to have taken a turn for the worse with the involvement of Russia in the four-year-old war and the possibility that the confrontation will widen and pose a threat to the stability of a region that is home to some of the world’s bigger oil producing and exporting countries. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413905/deepening-syria-crisis-adds-to-unpredictability Tue, 13 Oct 2015 13:25:41 +0000 live Ex-CNPC exec Wang jailed http://www.upstreamonline.com/live/1413889/ex-cnpc-exec-wang-jailed Wang Yongchun, the former deputy manager of China National Petroleum Corporation (CNPC), has been handed a lengthy jail sentence for corruption, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413889/ex-cnpc-exec-wang-jailed Tue, 13 Oct 2015 11:37:02 +0000 live Iran approves nuclear deal http://www.upstreamonline.com/incoming/1413843/iran-approves-nuclear-deal Iran's parliament has voted in favour of a bill supporting the government’s nuclear deal with six world powers that would lift sanctions against the Middle East nation and pave the way for its implementation. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1413843/iran-approves-nuclear-deal Tue, 13 Oct 2015 08:06:13 +0000 ece_incoming Egas round disappoints http://www.upstreamonline.com/live/1413839/egas-round-disappoints State-owned Egyptian Natural Gas Company (Egas) has had limited success with its latest offshore round in the Mediterranean Sea, awarding only four of the 12 blocks on offer. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413839/egas-round-disappoints Tue, 13 Oct 2015 07:25:45 +0000 live Oil rises on bargain hunting http://www.upstreamonline.com/live/1413829/oil-rises-on-bargain-hunting Crude oil futures climbed on Tuesday, buoyed by light bargain-hunting after US and Brent crude in the previous session posted their biggest daily percentage declines since the start of September. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1413829/oil-rises-on-bargain-hunting Tue, 13 Oct 2015 03:12:16 +0000 live Norway 'grey areas' under review http://www.upstreamonline.com/live/1413803/norway-grey-areas-under-review The Norwegian government has called for a probe by the Petroleum Safety Authority (PSA) into possible “grey areas” in regulations for workers on multi-purpose vessels working off the country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1413803/norway-grey-areas-under-review Mon, 12 Oct 2015 13:11:45 +0000 live NOV cleared in discrimination case http://www.upstreamonline.com/live/1413699/nov-cleared-in-discrimination-case A Houston jury has cleared oilfield equipment maker National Oilwell Varco in a discrimination case filed by eight African-American employees, finding no wrongdoing on the part of the company. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1413699/nov-cleared-in-discrimination-case Fri, 09 Oct 2015 19:32:35 +0000 live US House passes crude export bill http://www.upstreamonline.com/live/1413692/us-house-passes-crude-export-bill The Republican-controlled US House of Representatives voted on Friday to overturn the 40-year-old ban on oil exports, but the bill still faces grim prospects for adoption. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1413692/us-house-passes-crude-export-bill Fri, 09 Oct 2015 18:02:51 +0000 live Senate bill would ban West Coast drilling http://www.upstreamonline.com/live/1413623/senate-bill-would-ban-west-coast-drilling A sextet of Democrat Senators have introduced a bill in the US Congress that would permanently ban offshore drilling on the outer continental shelf in the Pacific Ocean. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1413623/senate-bill-would-ban-west-coast-drilling Thu, 08 Oct 2015 22:49:20 +0000 live Norway tax relief 'to lift oil activity' http://www.upstreamonline.com/live/1413582/norway-tax-relief-to-lift-oil-activity Norway’s oil minister has rebutted industry criticism the proposed state Budget for 2016 fails to offer incentives for increased resource recovery, claiming tax relief will stimulate higher offshore activity, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1413582/norway-tax-relief-to-lift-oil-activity Thu, 08 Oct 2015 13:13:01 +0000 live SEC to expedite transparency rules http://www.upstreamonline.com/live/1413515/sec-to-expedite-transparency-rules The US Securities & Exchange Commission (SEC) has submitted an expedited plan to rewrite mandates under transparency laws for oil, gas and mining companies to disclose payments made to foreign governments. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1413515/sec-to-expedite-transparency-rules Wed, 07 Oct 2015 21:54:07 +0000 live White House would veto oil export bill http://www.upstreamonline.com/live/1413514/white-house-would-veto-oil-export-bill The White House has formally threatened to veto legislation working its way through Congress that would lift the decades old ban on exporting crude oil. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1413514/white-house-would-veto-oil-export-bill Wed, 07 Oct 2015 21:37:26 +0000 live Trinidad eyes new bid round http://www.upstreamonline.com/live/1413513/trinidad-eyes-new-bid-round Trinidad & Tobago is preparing to offer additional acreage for bid both onshore and offshore as part of a push by the island energy giant’s new energy minister to jump start a sector battered by low commodity prices. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1413513/trinidad-eyes-new-bid-round Wed, 07 Oct 2015 21:19:51 +0000 live Norway Budget 'lacks IOR incentives' http://www.upstreamonline.com/live/1413270/norway-budget-lacks-ior-incentives Norway’s oil industry body has blasted the failure by the Oslo government to deliver promised incentives for increased resource recovery in its proposed Budget for 2016 unveiled on Wednesday. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1413270/norway-budget-lacks-ior-incentives Wed, 07 Oct 2015 10:08:06 +0000 live Nigerian oilman Omokore ‘arrested’ http://www.upstreamonline.com/live/1413206/nigerian-oilman-omokore-arrested Jide Omokore, co-chairman of Nigerian independent Atlantic Energy, has reportedly been arrested to be quizzed over corruption and money laundering charges. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413206/nigerian-oilman-omokore-arrested Tue, 06 Oct 2015 12:52:34 +0000 live SBM denies reaching Brazil deal http://www.upstreamonline.com/live/1413168/sbm-denies-reaching-brazil-deal SBM Offshore has denied that it has already reached a settlement with Brazilian authorities that will let it participate in floater tenders for state giant Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413168/sbm-denies-reaching-brazil-deal Tue, 06 Oct 2015 10:59:56 +0000 live Hope for Zuma gas strategy http://www.upstreamonline.com/live/1413142/hope-for-zuma-gas-strategy South Africa is aiming to stimulate the much-needed development of its gas infrastructure by building on the success of a programme that gave private sector players the opportunity to invest in renewable projects. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1413142/hope-for-zuma-gas-strategy Tue, 06 Oct 2015 09:22:00 +0000 live Pennsylvania cites driller for pollution http://www.upstreamonline.com/live/1413121/pennsylvania-cites-driller-for-pollution Pennsylvania regulators have issued violation notices to operator there for contaminating as many as 10 private water wells with a drilling chemical that is not even approved for use in the state. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1413121/pennsylvania-cites-driller-for-pollution Mon, 05 Oct 2015 20:55:23 +0000 live Frost melting between Russia, Ukraine http://www.upstreamonline.com/live/1412917/frost-melting-between-russia-ukraine Steps to liberalise gas supplies to its domestic market, coupled with support from the European Commission, have helped Ukraine feel more comfortable in the talks with Russia about gas imports and helped lead to a new deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412917/frost-melting-between-russia-ukraine Fri, 02 Oct 2015 10:29:31 +0000 live Industry cries foul on ozone rule http://www.upstreamonline.com/live/1412872/industry-cries-foul-on-ozone-rule Industry groups blasted a move by US regulators to lower the standard for ground-level ozone to 70 parts per billion (ppb) from 75 ppb, saying the move would be costly and had little benefit for public health. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412872/industry-cries-foul-on-ozone-rule Thu, 01 Oct 2015 22:32:09 +0000 live US export ban repeal advances in Senate http://www.upstreamonline.com/live/1412869/us-export-ban-repeal-advances-in-senate A US Senate committee has advanced a bill to lift the 40-year-old ban on US oil exports, though the legislation still faces an uphill battle in the full chamber. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412869/us-export-ban-repeal-advances-in-senate Thu, 01 Oct 2015 17:46:51 +0000 live Block D6 gas customers to pay less http://www.upstreamonline.com/live/1412815/block-d6-gas-customers-to-pay-less India's government has reduced by 18% the gas price that customers will pay for supplies from the Reliance Industries-operated deep-water D6 resource off the south-east coast. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1412815/block-d6-gas-customers-to-pay-less Thu, 01 Oct 2015 01:56:40 +0000 live Judge halts federal frack rule http://www.upstreamonline.com/live/1412812/judge-halts-federal-frack-rule A US judge has formally granted an injunction halting the start of federal rules governing hydraulic fracturing on public lands, saying it was not clear that the Bureau of Land Management (BLM) had the authority to regulate fracking. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412812/judge-halts-federal-frack-rule Wed, 30 Sep 2015 21:24:31 +0000 live Schlumberger-Eurasia deal out of time http://www.upstreamonline.com/live/1412683/schlumberger-eurasia-deal-out-of-time Schlumberger’s proposed $1.7 billion acquisition of a large stake in Russian rig giant Eurasia Drilling is officially off after a deadline to consummate the deal expired today. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1412683/schlumberger-eurasia-deal-out-of-time Wed, 30 Sep 2015 19:02:42 +0000 live TransCanada takes KXL fight to Nebraska PSC http://www.upstreamonline.com/live/1412672/transcanada-takes-kxl-fight-to-nebraska-psc TransCanada is ending a legal battle with landowners in Nebraska over its proposed US$8 billion Keystone XL pipeline and instead is going straight to the state government for approval. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412672/transcanada-takes-kxl-fight-to-nebraska-psc Wed, 30 Sep 2015 15:07:46 +0000 live India slashes gas price http://www.upstreamonline.com/live/1412632/india-slashes-gas-price The Indian government has vastly decreased the price of natural gas for domestic producers in a move that was widely expected and many fear may harm further exploration efforts off the country. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412632/india-slashes-gas-price Wed, 30 Sep 2015 10:06:46 +0000 live Africa oil fund to fight hunger http://www.upstreamonline.com/live/1412626/africa-oil-fund-to-fight-hunger Oil players active in some nascent African acreage can now help fight child malnutrition after four countries on the continent signed up to a scheme to divert some oil taxes to a United Nations (UN) fund. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412626/africa-oil-fund-to-fight-hunger Wed, 30 Sep 2015 08:40:20 +0000 live Hyperdynamics hit with SEC fine http://www.upstreamonline.com/live/1412590/hyperdynamics-hit-with-sec-fine West Africa-focused Hyperdynamics will pay a $75,000 fine to the US Securities & Exchange Commission (SEC) as part of a settlement in an investigation into the company's dealings in the Republic of Guinea. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412590/hyperdynamics-hit-with-sec-fine Tue, 29 Sep 2015 20:45:22 +0000 live Bush backs export ban's repeal http://www.upstreamonline.com/live/1412576/bush-backs-export-bans-repeal Jeb Bush has become the latest presidential candidate to weigh in on the oil export debate, saying he would support lifting the ban on US crude exports if elected. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1412576/bush-backs-export-bans-repeal Tue, 29 Sep 2015 18:54:44 +0000 live LetterOne ‘seeks more UK sale time’ http://www.upstreamonline.com/live/1412439/letterone-seeks-more-uk-sale-time Investor vehicle LetterOne has asked UK authorities to give it more time to find a buyer or buyers for its North Sea assets, according to a report, following sanctions against Russian companies by Western powers. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412439/letterone-seeks-more-uk-sale-time Mon, 28 Sep 2015 14:12:05 +0000 live Iran set to rejoin the game http://www.upstreamonline.com/live/1412425/iran-set-to-rejoin-the-game When Yukiya Amano became head of the International Atomic Energy Agency (IAEA), replacing Mohamed ElBaradei in 2009, the Iranians were quick to point to documents revealed in the Western press raising questions over his impartiality. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412425/iran-set-to-rejoin-the-game Mon, 28 Sep 2015 13:06:41 +0000 live Aussies return Timor-Leste serve http://www.upstreamonline.com/live/1412296/aussies-return-timor-leste-serve The Australian government said it is "disappointed" that Timor-Leste has taken legal action against Australia over taxation rights to the gas pipeline from the Bayu-Undan field to Darwin. russell.searancke@upstreamonline.com (Russell Searancke) http://www.upstreamonline.com/live/1412296/aussies-return-timor-leste-serve Mon, 28 Sep 2015 00:25:32 +0000 live Transocean denies Brazil wrongdoing http://www.upstreamonline.com/live/1412244/transocean-denies-brazil-wrongdoing Transocean has found no wrongdoing by employees or agents in relation to its business in Brazil after the rig giant's name was dragged into the massive corruption probe involving Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412244/transocean-denies-brazil-wrongdoing Fri, 25 Sep 2015 13:50:01 +0000 live Transocean down after Car Wash report http://www.upstreamonline.com/live/1412181/transocean-down-after-car-wash-report Investment bank Cowen & Company sees shares in Transocean sliding further after the rig giant’s name was dragged into the huge probe tackling historical corruption at Brazilian state giant Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412181/transocean-down-after-car-wash-report Fri, 25 Sep 2015 11:09:13 +0000 live Gassled investors lose Oslo ruling http://www.upstreamonline.com/live/1412179/gassled-investors-lose-oslo-ruling A group of heavyweight international investors have been left reeling after an Oslo court ruled in favour of Norway in a case over changes made to gas-transport tariffs. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412179/gassled-investors-lose-oslo-ruling Fri, 25 Sep 2015 08:49:55 +0000 live Frydenberg takes Australia hot-seat http://www.upstreamonline.com/live/1412173/frydenberg-takes-australia-hot-seat Australia’s new Prime Minister has shown how important the country’s natural resources sector is by bringing in a new minister dedicated to that portfolio, although there are a host of problems to address in the oil and gas sectors alone. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1412173/frydenberg-takes-australia-hot-seat Fri, 25 Sep 2015 07:41:36 +0000 live North Dakota gives more time on flaring limit http://www.upstreamonline.com/live/1412145/north-dakota-gives-more-time-on-flaring-limit Producers in North Dakota's Bakken shale fields were granted 10 extra months to adhere to strict gas-flaring restrictions set to kick in next year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1412145/north-dakota-gives-more-time-on-flaring-limit Thu, 24 Sep 2015 19:53:30 +0000 live TransCanada slams Clinton's 'dirty fuel' remarks http://www.upstreamonline.com/live/1412143/transcanada-slams-clintons-dirty-fuel-remarks Pipeline builder TransCanada has blasted claims made by presidential hopeful Hillary Clinton that Canada's oil sands produce the "dirtiest fuel" in North America. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1412143/transcanada-slams-clintons-dirty-fuel-remarks Thu, 24 Sep 2015 19:46:05 +0000 live Pope urges action on climate change http://www.upstreamonline.com/live/1412134/pope-urges-action-on-climate-change Pope Francis took his moral appeal to fight climate change to US lawmakers Thursday in a landmark joint session of Congress in Washington, DC. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1412134/pope-urges-action-on-climate-change Thu, 24 Sep 2015 16:41:16 +0000 live Timor-Leste to resume arbitration http://www.upstreamonline.com/live/1412077/timor-leste-to-resume-arbitration Timor-Leste has commenced new arbitration proceedings against the Australian government in a dispute under the Timor Sea Treaty between the two countries. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1412077/timor-leste-to-resume-arbitration Thu, 24 Sep 2015 03:21:13 +0000 live Pope Francis praises Obama climate plan http://www.upstreamonline.com/live/1411932/pope-francis-praises-obama-climate-plan During a highly publicised visit to the White House Wednesday morning, Pope Francis lauded US President Barack Obama's proposals to curb greenhouse gas emissions and battle climate change. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1411932/pope-francis-praises-obama-climate-plan Wed, 23 Sep 2015 16:57:22 +0000 live Clinton comes out against Keystone XL http://www.upstreamonline.com/live/1411872/clinton-comes-out-against-keystone-xl Democratic US presidential candidate Hillary Clinton broke her long silence on the controversial Keystone XL pipeline on Tuesday, saying she opposes it. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1411872/clinton-comes-out-against-keystone-xl Wed, 23 Sep 2015 01:01:24 +0000 live