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Russia’s Gazprom proposes gas deal with Iran

Gazprom office building. (Image: Thawt Hawthje via Flickr)

MOSCOW (AP) — Russian energy minister says Gazprom, Russia’s state gas monopoly, has put forward proposals for the development of oil fields in Iran. Alexander Novak spoke at bilateral trade discussions in Tehran on Monday. He underscored Moscow’s desire to strengthen trade relations with Iran and said the countries were considering opening a free-trade zone, according to reports from Russia’s ...

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Troubled Spanish renewable energy firm announces loan deal

MADRID (AP) — Spanish renewable energy and engineering giant Abengoa says it has reached the basis of a debt-restructuring agreement with bank creditors and bondholders in a bid to avoid one of the country’s largest insolvencies. Abengoa, which began bankruptcy protection proceedings in November, said in a statement Thursday that under the deal it will give creditors a 55 percent ...

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Top 5 Bakken stories of the week – March 4 – 11

north dakota oil, bakken pumpjacks, oil production

As Spring creeps in from the south, the plains are humming to life again. Although activity in the Bakken pays no mind to old man winter, some weeks are more exciting than others. This week’s recap offers a healthy mix of maintenance, photojournalism and an embezzlement scandal, as well as a look back in history. Enjoy! 5. BNSF: $100M in maintenance work ...

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North Dakota oil production drops by 30.6K barrels daily in January

Oil production in North Dakota dropped by about 30,000 barrels per day in January. (Image: Joel Tysver)

BISMARCK, N.D. (AP) — North Dakota’s Department of Mineral Resources says the state’s oil production decreased by about 30,600 barrels a day in January. The agency says the state produced an average of 1.12 million barrels of oil daily in January. The January production was about 105,380 barrels per day less than the record set in December 2014. North Dakota also produced ...

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Iowa regulators approve Bakken pipeline permit

Energy Transfer Partners' Dakota Access Bakken pipeline has been approved by Iowa. The state was the last of four states to approve the Bakken pipeline. (Image: D.Reichardt via Flickr)

DES MOINES, Iowa (AP) — The last state permit needed for a pipeline that will carry a half-million barrels of crude oil daily from North Dakota to Illinois was approved Thursday by Iowa utilities regulators, who also gave the Texas-based company authority to use eminent domain for land that property owners are unwilling to voluntarily provide. The Iowa Utilities Board ...

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Nigeria: 30 killed in pre-election violence in oil state

WARRI, Nigeria (AP) — Nigeria’s governing party says at least 30 of its members have died as oil-rich Rivers state prepares for a rerun of legislative elections previously annulled amid fraud and killings. Rivers state is a stronghold of the opposition Democrats who deny responsibility and, according to state government spokesman Austin Tam George, blame the spate of killings over ...

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ESAI: Libyan production will not recover

Libyan oil, desert

Intelligence Briefing Libya is the latest front in the West’s campaign against the self‐proclaimed Islamic State (also known as ISIS or ISIL). The recent U.S. air strikes, press reports of the French aircraft carrier moving to waters off of Libya, and the quickly rumored and just as quickly knocked‐down discussion of Italian troops going to Libya has only highlighted the ...

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