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12.12.2013 US Oil Production Sets 25-Year Record in November

In November, US oil production rose to more than 8bpd, a 25-year high, Reuters has reported, citing the US Energy Information Administration. The EIA believes that oil production will rise to 8.5mn bpd next year, mainly at the expense of the Texan shale deposits.

12.12.2013 Morgan Stanley to Sell U.S. Oil Terminal Business

Morgan Stanley (MS.N) has launched a formal effort to sell its controlling stake in U.S.

10.12.2013 QEP Resources to Pay USD 950 Million for Oil Assets in Texas

QEP Resources Inc said it would buy oil assets in Texas' Permian Basin as it looks to transform itself into a pure-play exploration and production company, following pressure from activist investor Jana Partners, Reuters reported on December 9.

06.12.2013 Shell Not to Pursue Louisiana Gas to Liquids Project

Royal Dutch Shell plc (“Shell”) on December 5 announced that the company will not move forward with the proposed 140,000 barrels per day Gulf Coast gas-to-liquids (GTL) project in Louisiana and will suspend any further work on the project.

02.12.2013 Iran Oil Sanctions Waivers Extended to China, India, South Korea

The U.S. State Department extended six-month Iran sanctions waivers on November 29 to China, India, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil earlier this year, Reuters has reported.

28.11.2013 FieldPoint Petroleum, Riley Exploration Ink Texas Exploration Deal

FieldPoint Petroleum Corp. (NYSE/MKT: FPP) said on November 27 that it has entered into a joint exploration agreement with Riley Exploration Group of Blanchard, Okla., Austin Business Journal has reported.

28.11.2013 China to Become Largest Oil Importer

China is expected to overtake the United States to become the world's largest oil importer in the 2020s as emerging economies, instead of developed ones, will claim most of the world's energy supplies, China Daily reported on November 28.

25.11.2013 Skolkovo Partners Awarded for Innovation at Total Energy USA Conference

While works are in full swing in Abilene, Texas, where a new Russian technology invented by Novas, a participants of Skolkovo, is used, Novas president has been awarded at the Total Energy USA conference.

25.11.2013 Norway’s Statoil Finalizes Research Agreement with NASA

Statoil and NASA have formed an agreement to explore a wide range of technologies to assist Statoil in the search for oil and gas exploration and production efforts, which are increasingly moving into frontier regions, Statoil’s press service said on November 22.

25.11.2013 US Hails Turkey-Iraq Oil Dialogue

Turkey and the Kurdistan Regional Government’s (KRG) increasing dialogue on the distribution of Iraqi oil to world markets through Turkey pleases Washington, U.S. Energy Secretary Ernest Moniz said, the Turkish newspaper Hürriyet Daily News reported on November 23.