Tehran has several means of putting military and economic pressure on the Iraqi Kurds following the independence referendum, but taking action on its recent warnings could widen Kurdish discontent at home. The Kurdish independence referendum is only a few days away, and there are growing indications that Iran is considering drastic measures to stop the… Keep reading →
Almost a quarter of Africa’s energy needs could feasibly be supplied by renewable energy, according to a new report released by the International Renewable Energy Agency (IRENA) yesterday. [The Guardian] At the second annual Our Ocean conference, world leaders will address the challenges to marine ecosystems around the globe and announce extra measures they are taking… Keep reading →
The Russian economy is heavily dependent on oil – prices of which have been falling precipitously – and sanctions imposed by western governments in retaliation for Russia’s aggressive action in Ukraine are putting extreme pressure on the country’s currency. There is concern the Russian government and/or Russian companies lack sufficient currency reserves to pay debt… Keep reading →
Russian national oil company Rosneft is expanding development at its Vankor field in Eastern Siberia and recently announced its beginning construction of a pipeline that will link a satellite field – Suzun – to the Vankor complex. “According to geologic data form January 2014, reserves of oil and condensate of the Suzun field total over… Keep reading →
In an overt admission that western-led sanctions agasint Russia’s energy sector are impacting offshore resource development, the country’s top state-controlled oil & gas enterprises are pushing for legislative changes meant to entice western companies – and their technology – into the sector. The proposed subsoil legislation modifications would apparently allow foreign companies to take expanded… Keep reading →
Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →
The EU further ratcheted up sanctions against Russia’s oil sector targeting Gazpromneft, Transneft and Rosneft with measures that will prevent the firms from raising capital in EU member states. The economic restrictions again fall short of squeezing Russia’s natural gas industry upon which many European companies closely rely. [Wall Street Journal] European Energy Commissioner Günther… Keep reading →
Western sanctions against strategic portions of Russia’s economy are ratcheting up in the aftermath of a passenger jet crash in a section of Eastern Ukraine controlled by Russian-supported rebels. The Malaysian jet was brought down by a surface-to-air missile that appears to have been supplied by Russia to rebels operating in the region who are… Keep reading →
Williams Partners subsidiary Transcontinental Pipeline will build a 1.2 million dekatherm per day expansion to supply the Cheniere Energy Partners Sabine Pass Liquefaction project being developed in Cameron Parish, La. “Gulf Trace is a pivotal project at an extremely important time for Transco and the U.S. natural gas industry as a whole,” said Rory Miller,… Keep reading →
The US LNG export debate received a shot in the arm for the Ukraine crisis, with several government officials calling for wholesale LNG export license approval that could ostensibly allow US companies to ship LNG to European gas consumers in the event of a Russian-initiated supply shortage. The only problem with that logic is exports… Keep reading →
