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Iran putting final touches on new energy contracts

Iran putting final touches on new energy contracts

TEHRAN, April 23 (UPI) -- The Iranian government said Wednesday it would revise how it governs oil and natural gas contracts, though sanctions must be lifted for full utilization.
Daniel J. Graeber
Oil services group Expro lands Shah Deniz contract

Oil services group Expro lands Shah Deniz contract

READING, England, April 23 (UPI) -- Oilfield services company Expro said Wednesday it won a contract to help BP develop Phase II of the Shah Deniz gas field in the Azeri waters of the Caspian Sea.
Daniel J. Graeber
Less flaring of gas to help allies, Hoeven says

Less flaring of gas to help allies, Hoeven says

WILLISTON, N.D., April 23 (UPI) -- North Dakota Sen. John Hoeven said a reduction in the flaring of natural gas could potentially help U.S. allies with their energy needs.
Daniel J. Graeber
OMV, Gazprom affirm European partnership

OMV, Gazprom affirm European partnership

VIENNA, April 23 (UPI) -- Austrian energy company OMV views its Russian partners at Gazprom as vital to ensuring energy security in the European community, its top executive said.
Daniel J. Graeber
Baku wants rights investment climate in Caspian region

Baku wants rights investment climate in Caspian region

MOSCOW, April 23 (UPI) -- Mutual trust among littoral states to the Caspian Sea is vital for a vibrant investment climate in the region's energy sector, the Azeri foreign minister said.
Daniel J. Graeber
London expects 'new stage' in green energy

London expects 'new stage' in green energy

LONDON, April 23 (UPI) -- The British government said Wednesday it selected eight projects that combined will make up more than 10 percent of the renewable energy mix by 2020.
Daniel J. Graeber
Serbia's gas operators under EU pressure

Serbia's gas operators under EU pressure

BRUSSELS, April 23 (UPI) -- Serbian gas pipeline operators may be in violation of European laws regarding who controls what part of the energy sector, a European regulator said Wednesday.
Daniel J. Graeber
BP streamlines Alaskan business

BP streamlines Alaskan business

HOUSTON, April 23 (UPI) -- British energy company BP said it was selling stake in oil fields in the North Slope of Alaska to focus more on gas and the Prudhoe Bay oil field.
Daniel J. Graeber
Kiev needs at least $3 billion for gas overhaul

Kiev needs at least $3 billion for gas overhaul

KIEV, Ukraine, April 23 (UPI) -- More than $3 billion is needed to overhaul the Soviet-era natural gas transit network in Ukraine, Ukrainian Energy Minister Yuri Prodan said Wednesday.
Daniel J. Graeber
RWE to help build 37MW British solar farm

RWE to help build 37MW British solar farm

ESSEN, Germany, April 23 (UPI) -- German energy company RWE said Wednesday it would help build a 37-megawatt solar project to be constructed on an abandoned British airfield.
Daniel J. Graeber
Baker Hughes, Aker Solutions join forces offshore

Baker Hughes, Aker Solutions join forces offshore

HOUSTON, April 22 (UPI) -- Oil services company Baker Hughes said Tuesday it formed an alliance with energy contractor Aker Solutions to improve recovery rates from offshore fields.
Daniel J. Graeber
Pacific islands need focus on renewables, EU says

Pacific islands need focus on renewables, EU says

BRUSSELS, April 22 (UPI) -- Renewable energy for Pacific island nations will help fight climate change and stimulate the region's economy, the European development commissioner said.
Daniel J. Graeber
Lundin spent millions on dry holes

Lundin spent millions on dry holes

STOCKHOLM, Sweden, April 22 (UPI) -- Swedish energy company Lundin Petroleum said Tuesday it spent roughly $127 million on exploration programs during the first quarter of the year without success.
Daniel J. Graeber
CNOOC boasts of 1st quarter success

CNOOC boasts of 1st quarter success

BEIJING, April 22 (UPI) -- China National Offshore Oil Corp. made "significant progress" with its exploration program during the first quarter, its chief executive officer said.
Daniel J. Graeber
Crimea cut off from gas, leader says

Crimea cut off from gas, leader says

SEVASTOPOL, Ukraine, April 22 (UPI) -- A pro-Russian leader in the Crimean Peninsula of Ukraine said the region was receiving less than its fair share of natural gas.
Daniel J. Graeber
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