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Ukraine, Russia formalise cheaper gas deal

ukraine

KIEV Jan 9 (Reuters) – Ukraine’s state energy firm Naftogas and Russia’s Gazprom have signed a formal amendment to a gas contract cutting the price of Russian gas by a third for the first quarter of 2014, Interfax news agency said on Thursday. In December, Russia agreed to slash the price of gas for Ukraine to $268.50 per 1,000 cubic ...

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Natural gas exports: Slow walk or ‘danger zone’?

natural gas

WASHINGTON January 8, 2014 (AP) By MATTHEW DALY Associated Press WASHINGTON — The debate over exporting liquefied natural gas is intensifying as the Energy Department considers an array of applications to ship the fuel to Japan, India and other countries where prices are far higher than in the United States. Some large manufacturers that use natural gas say the department ...

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American oil companies call for end to export ban

dutch oil port

 NEW YORK(AP): American oil companies have not been allowed to export crude for 40 years, but the industry wants to change that, even though the US still consumes far more oil than it produces.A surprising surge in domestic production of light, sweet crude — a particular type of oil that foreign refiners covet — has triggered growing calls to lift ...

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Large power outage in Dickinson

power

By Jessica Holdman About 60 percent of Montana-Dakota Utilities Co. customers in Dickinson lost power Thursday morning. The company’s “relay system tripped out,” taking three of the area’s five substations out of service, spokesman Mark Hanson said. About 5,700 customers in the southern two-thirds of town lost power starting at 7:30 a.m. MDT, Hanson said. Power was restored within an hour ...

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Thailand seeks LNG, new energy resources as gas reserves dwindle

thailand

  By Khettiya Jittapong and Pisit Changplayngam BANGKOK, Jan 9 (Reuters) – Thailand is seeking more imports of liquefied natural gas (LNG) and looking to other energy sources such as coal and renewables as domestic gas reserves will likely last only another seven years, senior Energy Ministry officials said on Thursday. Thailand, which uses natural gas to generate nearly 70 percent of its power, has ...

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Violence not hitting Iraq oil for now, but raises concern

iraq

By Peg Mackey and Isabel Coles LONDON/ARBIL, Jan 9 (Reuters) – Iraq’s oil industry and its foreign investors see no cause to panic after al Qaeda militants seized major towns last week – troubled Anbar province, they note, could hardly be further from the main oilfields. Yet the violence, in part a spillover from Syria’s civil war into Iraq’s western desert, has brought ...

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Harold Hamm fires back after call to slow oil development after train crash, explosion

Train Derailment

By: Amy Dalrymple, Forum News Service, INFORUM WILLISTON, N.D. – Continental Resources CEO Harold Hamm fired back this week to comments made by the chairman of North Dakota’s Republican Party calling for the oil industry to take a “moderated approach” to development. Hamm, whose company was a pioneer in the use of horizontal drilling that fueled the Bakken oil boom, said ...

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911 calls from Casselton train derailment show crew member first reported his train carried ethanol

911 call

By: Helmut Schmidt FARGO – Emergency 911 calls indicate at least one member of the crew involved in the Dec. 30 train derailment and explosion west of Casselton thought the train was carrying ethanol instead of highly combustible Bakken crude oil. Another railroad worker shortly after the accident told dispatchers he was worried the derailed cars could explode, and sought permission ...

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Frigid weather threatens oil output from Texas to ND

cold

(Reuters) The severe cold weather sweeping across the mid-United States is threatening to curtail booming oil production as it disrupts traffic, strands wells and interrupts drilling and fracking operations. Weather stations across the U.S. Midwest recorded some of the coldest temperatures in two decades this weekend, with many schools closed and flights delayed. Arctic cold air is also spreading across ...

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