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Turkey, Gazprom mull Blue Stream capacity increase

Apr 22, 2014

Turkey and OAO Gazprom have discussed a possible increase in natural gas capacity of the Blue Stream gas pipeline to 19 billion cu m/year from 16 bcm/year. Blue Stream, which extends through the Black Sea, handles more than half of all gas purchased by Turkey from Russia.

BP to sell to Hilcorp certain interests in four ANS assets

Apr 22, 2014

BP PLC reported that it will sell interests in four BP-operated oil fields on the Alaska North Slope to Houston independent Hilcorp.

E&Y: North American oil, gas industry staves off geopolitical strife in 1Q

Apr 22, 2014

The North American oil and gas market started the year on a good note during the first quarter as a cold winter brought relief to producers and refiners, and Mexico progressed on energy reform, Ernst & Young said in its US quarterly report on the industry.

EIA: US petroleum product exports increased in 2013

Apr 22, 2014

US petroleum product exports in 2013 averaged 3.5 million b/d, up 10% from levels in 2012, according to the US Energy Information Administration. In December 2013, US exports of petroleum products reached 4.3 million b/d, the first time to exceed 4 million b/d in a single month.

Latest Keystone delay isn’t political, White House spokesman says

Apr 22, 2014

The decision to give eight federal agencies more time to prepare comments about the proposed Keystone XL crude oil pipeline project’s cross-border permit was not political, White House Press Secretary Jay Carney said.

MARKET WATCH: Oil futures gain on positive US economy, delays in Libya oil exports

Apr 22, 2014

Oil futures on the New York market gained slightly in Apr. 21 trading, which analysts attributed to positive indicators for the US economy and news that Libya would not resume its exports as fast as had been suggested.

Four years after Macondo, offshore Arctic beckons, speakers warn

Apr 21, 2014

Lessons learned from the Macondo deepwater well incident and crude oil spill are in danger of being minimized in a push to develop offshore Arctic oil and gas resources, speakers warned during two separate forums around the anniversary of the offshore well’s Apr. 20, 2010, blowout and explosion that took 11 lives and destroyed the Deepwater Horizon semisubmersible rig.

Alberta to spend $144 million on CCS in 2014

Apr 21, 2014

The government of Alberta has budgeted $144 million (Can.) this year for two projects it is supporting for carbon capture and sequestration (CCS) related to oil sands development.


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