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Markets

French court annuls gas price freeze in victory for GDF Suez

France’s higher court, the Conseil d’Etat, has suspended the gas price freeze imposed by the government at the end of September, after GDF Suez said the decision would generate an estimated earnings shortfall of approximately $399 million.

29 November 2011
Markets

CDU TEK figures show Russia’s dwindling imports of Central Asia gas

Figures from the Russia’s Fuel and Energy Dispatch Centre (CDU TEK) obtained by Interfax demonstrate the shifting relationship Russia has with Central Asian gas producers.

25 November 2011
Upstream

A lot of hot air

There are many theories as to why ExxonMobil signed six oilfield contracts with Kurdistan without, apparently, the consent of either the US or the Baghdad governments, but few provide a satisfactory e

25 November 2011
Upstream

Shtokman licence amended for 2016 launch

The Russian government's fuel and energy commission has approved licence amendments that enable the Shtokman gas condensate field to be brought on-stream in 2016.

25 November 2011
Upstream

EDF Energy

EDF Energy said on Thursday that it welcomed the confirmation by the Infrastructure Planning Commission (IPC) that its application for a new nuclear power station at Hinkley Point in Somerset had been accepted and would now be taken forward for examination.

25 November 2011
Upstream

Libya appoints new caretaker government

Libyan Prime Minister Abdurrahim El-Keib unveiled his cabinet this week, including appointing Abdulrahman Ben Yezza as Oil Minister, as part of a caretaker government that will be in place until national elections next year.

24 November 2011
Markets

China's energy regulator green lights provincial pipeline

The National Energy Administration (NEA), China's energy regulator, has approved plans to begin preliminary work on the third Jingbian-Xi'an Pipeline in Shaanxi Province, the Shaanxi arm of the National Development and Reform Commission (Shaanxi NDRC) said in a newsletter issued on Tuesday.

24 November 2011
Environment

APPEA concerned about competitiveness of Australian gas industry

The Australian Petroleum Production & Exploration Association (APPEA) has warned that the country’s LNG industry is facing serious challenges, which, “if not addressed, could seriously reduce the capture of benefits from expansion and jeopardise successful project delivery and future growth opportunities”, it said in a statement released on T

24 November 2011
Markets

Nuclear debate in Taiwan could have implications for gas

The future of nuclear power in Taiwan, an issue that has dominated the debate on energy between the two main contenders for office in the island's upcoming presidential election, could have implications for the country's natural gas sector depending on the result of the tightly-contested race.

23 November 2011
Upstream

Yemen tightens resource nationalism as Nexen loses Block 14

Nexen’s application to extend its Block 14 production sharing agreement (PSA) has been rejected by the Yemeni government and will expire on 17 December, the Canadian independent said in a statement on Wednesday.

23 November 2011
Upstream

APPEA cautions over possible new coal seam gas regulation

The Australian Petroleum Production and Exploration Association (APPEA) called for caution on Tuesday over a proposed policy change that would require coal bed methane projects to be independently assessed by a committee of scientific experts under the Environment Protection and Biodiversity Conservation (EPBC) Act.

22 November 2011
Markets

US, UK and Canada step up sanctions against Iran

The United States, Britain and Canada have enforced new sanctions against Iran’s financial sector on Monday, less than two weeks after the publication of an International Atomic Energy Agency (IAEA) report suggesting Tehran was still developing its nuclear capability.

22 November 2011
Upstream

Russia to consider shelf exploration programme

The Russian government will consider plans set out by the Natural Resources and Energy Ministry to open up the country's continental shelf for exploration work on 8 December, Natural Resources and Ecology Minister Yury Trutnev told Interfax.

21 November 2011
Environment

US states promote use of natural gas vehicles

With natural gas in abundant supply due to access to United States unconventional gas resources, like shale gas; the push to encourage Americans to buy vehicles powered by natural gas (NGVs) is on the increase.

21 November 2011
Markets

China's gas-fired power industry profitability in doubt

China’s gas-fired sector is concerned that it cannot make a profit until the price of LNG imports decreases.

18 November 2011
Markets

Russian Energy Ministry to review oil-to-gas MET proposal

Russia’s Energy Ministry is reviewing a proposal put forward by the country’s finance ministry to peg the mineral extraction tax (MET) on gas to world oil prices after 2013.

18 November 2011
Environment

Natural gas top priority for US Bureau of Energy Resources

Carlos Pascual, the US State Department’s special envoy and co-ordinator for international energy affairs, supports the importance of the role of natural gas in the global energy market.

17 November 2011
Upstream

Royal Dutch Shell abandons Kurdistan talks - report

Royal Dutch Shell has abandoned talks with the Kurdistan Regional Government (KRG) aimed at developing the region’s oil and gas prospects, the Financial Times reported on Thursday, citing a source familiar with the talks.

17 November 2011
Markets

Military occupation of power station causes blackouts across Nigeria

With power down in Nigeria’s capital city of Abuja, the country is once again experiencing extensive blackouts. This time, however, the power cuts are allegedly due to the occupation of Nigerian power stations by government troops.

16 November 2011
Environment

Heilongjiang's Mudanjiang City to use natural gas by year-end

Mudanjiang City in north China's Heilongjiang Province will begin consuming gas next month once pre-commission checks are carried out on the first phase of a gas utilisation project, the Mudanjiang municipal government said on Tuesday.

16 November 2011

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