Norway court rejects environmental order against oil and gas field
The Norwegian Court of Appeal ruled on Monday in favor of the Government in an appeal brought by environmentalists who wanted to stop the development of three gas and oil fields. Greenpeace, among others, sued the Norwegian Government to stop the development of new oil and natural gas resources. This is the latest dispute related to climate change. In January, a lower court found that Norway's Energy Ministry failed to assess fully the climate impact of future oil and gas use in the fields, also known as scope three emissions. This ruling was made in response to a lawsuit filed by Greenpeace and Nature and Youth.
BP and Iraq to share profits on Kirkuk fields
Iraqi officials from the oil ministry said that BP will develop Iraq's Kirkuk gas and oil fields using a profit sharing model. A final agreement should be reached before the end of this calendar year. Iraq and BP have signed a preliminary deal earlier this month for the development of four oil and natural gas fields in Kirkuk in northern Iraq. BP estimates that these fields contain about 9 billion barrels worth of recoverable crude oil. Two officials confirmed that the oil ministry and BP - which is returning to Kirkuk after a five-year hiatus – are expected to sign a confidential agreement this week.
Iran's Oil Minister Zanganeh on Visit to Russia
Iran's oil minister, Bijan Zanganeh, is part of the delegation led by Iranian President Hassan Rouhani visiting Russia on March 27-28, two Russian government sources told Reuters on Monday. Earlier on Monday, Rouhani told reporters that Tehran welcomed Russian investment in its gas and oil fields, signaling major developments in energy cooperation between the two countries. (Reporting by Denis Pinchuk; writing by Katya Golubkova)
Bids for second phase Development of Iranian oilfields
Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. That means Chinese firms China National Petroleum Corp (CNPC) and Sinopec, which have played a leading role in developing the fields until now, will have to compete with other firms if they want to maintain that position. "CNPC would like to extend its North Azadegan contract, but we have announced that ...they should take part in the bidding for a new contract…
“Shale Gas Needed to Reduce UK Gas Imports”
Speakers set to fuel energy debate at Unconventional Gas Aberdeen 2014. Leading figures from industry and government speaking at Unconventional Gas Aberdeen 2014 will tomorrow highlight the impact U.K. shale development could have on reducing costly gas imports but admit that more needs to be done to reassure communities on aspects such as fracking. With more than 50 percent of U.K. gas supplies now coming from imports, predominantly from Norway and the Middle East, shale gas is being promoted as part of the solution in creating a secure and affordable energy mix.
