Oil & Gas
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Oil & Gas Transportation News

Russia’s Turkey pipeline deal possibly may keep door to Europe ajar

Dec 18, 2014

Russia’s memorandum of understanding to build a natural gas pipeline to Turkey after canceling its South Stream project could help keep the door open for it to eventually sell more gas to Europe, two Washington-based observers suggested.

Woodside delays Browse FLNG development schedule

Dec 17, 2014

Woodside Petroleum Ltd. has reported it expects to enter front-end engineering and design phase for the proposed Browse floating LNG (FLNG) development in mid-2015. Partners BP, Japan Australia LNG, PetroChina, and Shell have all agreed to the revised schedule.

EPP kills plans for Bakken-to-Cushing crude oil pipeline

Dec 15, 2014

Enterprise Products Partners LP (EPP) has elected not to proceed with development of its proposed crude oil pipeline that would have extended 1,200 miles from the Bakken shale to the Cushing, Okla., hub.

Woodside to buy Apache’s interests in Wheatstone, Kitimat LNG for $2.75 billion

Dec 15, 2014

Woodside Petroleum Ltd. has agreed to acquire interest in the Wheatstone LNG and Kitimat LNG projects, respectively in Western Australia and British Columbia, along with accompanying upstream oil and gas reserves, belonging to Houston independent Apache Corp. for $2.75 billion.

ExxonMobil forecasts 35% higher world energy demand by 2040

Dec 15, 2014

A significantly bigger global middle class, expanded emerging economies, and 2 billion more people will contribute to 35% higher world energy demand by 2040, ExxonMobil Corp. forecasts in its 2015 energy outlook.

Gas agreement seen firming China-Russia energy ties

Dec 15, 2014

A Nov. 9 framework agreement for another large gas-supply deal between OAO Gazprom and China National Petroleum Corp. remains far from concluded but "reinforces the notion of a growing relationship between energy-hungry China and energy-export-dependent Russia," according to analysts at the Center for Strategic & International Studies (CSIS), Washington, DC.

Falling prices may pose new test for China oil policies, speakers say

Dec 15, 2014

China, which successfully revised its oil strategy in response to new technologies since 2008, could face fresh tests if prices stay low for a prolonged period, speakers at a Carnegie Endowment for International Peace forum suggested.

Watching Government: Russia: On the ropes?

Dec 15, 2014

Russia's Dec. 1 cancellation of its South Stream natural gas pipeline was not surprising. European nations have signaled for years that they intend to diversify their supply sources and rely less heavily on Russian gas giant Gazprom.

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