Shell sells more US gas assets for $2bn.

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Shell sells more US gas assets for $2bn. Aug 24th 2014, 23:00 Royal Dutch Shell announced the sale of two onshore US shale gas assets in exchange for $2.1 billion and acreage in different gas-rich areas as the energy company restructures its North America business and reins in costs.Shell agreed to sell to Ultra Petroleum its relatively mature natural gas-producing properties in Wyoming's Pinedale field, a total of 155,000 acres, in a step which will...

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Emarat finalises 2014 oil products term

Emarat finalises 2014 oil products term. Dec 15th 2013, 00:00 UAE fuel retailer Emirates General Petroleum Corp (Emarat) has finalised its term contracts to buy gasoline, jet fuel and gasoil for delivery over 2014, industry sources said. Emarat will buy about 700,000 tonnes of 95-octane gasoline and 65,000 tonnes of 98-octane gasoline from China's oil giant PetroChina, a Gulf-based industry source said.

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Yemen LNG evacuates staff after explosion.

Yemen LNG evacuates staff after explosion. Dec 15th 2013, 00:00 Yemen LNG has evacuated some foreign staff after an explosion last week at its plant at Balhaf, a company employee and a spokesman for French stakeholder Total said. Violence is common in Yemen, where an interim government is fighting southern secessionists and northern Houthi rebels, as well as Al Qaeda-linked militants seeking to overthrow the government and impose their version of...

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Chevron pipeline explodes in Texas.

Chevron pipeline explodes in Texas. Nov 25th 2013, 00:00 A Chevron pipeline exploded near a tiny Texas town south of Dallas, shooting flames high in the air and prompting evacuations from nearby homes and a school district, but no injuries were reported, the company and emergency officials said. The explosion south of Milford, Texas, was caused by a construction crew that accidentally drilled into a 10-inch liquefied petroleum gas (LPG) line,...

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Summary of natural gas supply and disposition in the United States, 2008-2013 (billion cubic feet).

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Table 1. Summary of natural gas supply and disposition in the United States, 2008-2013 (billion cubic feet). Oct 1st 2013, 00:00 Table 1. Summary of natural gas supply and disposition in the United States, 2008-2013 (billion cubic feet) Year and Gross Marketed Extraction Dry Gas Month Withdrawals Production Loss (a) Production (b) 2008 Total 25,636 21,112 953 20,159 2009 Total 26,057 21,648 1,024 20,624 2010 Total 26,816 22,382 1,066 21,316 2011 January 2,299 1,953 92 1,861 February 2,104 1,729 82 1,647 March 2,411...

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Underground natural gas storage--all operators, 2008-2013 (million cubic feet).

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Table 8. Underground natural gas storage--all operators, 2008-2013 (million cubic feet). Oct 1st 2013, 00:00 Table 8. Underground natural gas storage--all operators, 2008-2013 (million cubic feet) Natural Gas Change in in Working Underground Gas from Storage at Same End of Period Period Previous Year Year and Base Working Total (a) Volume Percent Month Gas Gas 2008 Total -- -- -- -- -- (c) 2009 Total -- -- -- -- -- (c) 2010 Total -- -- -- -- -- (c) 2011 January 4,303 2,306 6,609 2 0.1 February...

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Malaysia plans biodiesel blend.

Malaysia plans biodiesel blend. Nov 4th 2013, 00:00 Malaysia is in the final stages of discussions to impose a requirement for a higher biodiesel blend, industry and government sources said, as the second-largest palm oil grower looks to whittle stocks down further and support prices. The Southeast Asian country is ironing out details to increase the palm oil component used in biodiesel to 7 per cent, a B7 blend, from the current 5 per...

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The US Become Oil Independent.

The US Become Oil Independent. Nov 18th 2013, 00:00 For the first month since February 1995, US oil output in October over-took American imports, marking an important mile-stone for a nation promised by President Obama to be independent from foreign oil by 2020. According to the EIA's short-term World Energy Outlook published last week, US oil production in October averaged 7.7m b/d and was to keep rising. It said the 2013 US output was to...

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Petronas Q2 profit slips.

Petronas Q2 profit slips. Sep 1st 2013, 23:00 Malaysian state oil firm Petroliam Nasional (Petronas) said second-quarter net profits were slightly lower as weaker crude oil prices and higher upstream costs ate into margins. Net profit in the April to June period fell 0.9 per cent to 15.262 billion Malaysian ringgit ($4.62 billion) from 15.4 billion ringgit a year earlier, Petronas data showed.

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Publications by Oil & Gas News: High oil prices seen hurting Iran exports badly, says Zanganeh.

Publications by Oil & Gas News Resent articles by the "Oil & Gas News" from The Free Library

High oil prices seen hurting Iran exports badly, says Zanganeh. Sep 1st 2013, 23:00 IRAN'S oil exports are being hurt by current high prices that make it more economical for rivals like the US to produce more costly oil, Iran's new energy minister says in an interview published by his ministry's website. A week into the job, returning oil minister Bijan Zanganeh, who previously filled the post under the reformist president Mohammad Khatami, told oil ministry news...

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