China to get Russian oil and gas

President Medvedev signed an agreement on the terms of Russian oil and gas supplies to China during his visit to the region earlier in the week. Under the agreement signed in Beijing, Russia guarantees export into China of 15 million tons of oil a year for 20 years. This is not much given that Russia pumps 250 million tons of oil per year to the West.

A delegation of Tajik Trans Gas led by Director General Sharofiddinov called on Syed Naveed Qamar Minister for Petroleum and Natural Resources who is on a visit to Tajikistan.Tajik trans Gas a state owned exploration and production Oil and Gas Company during the meeting with the minister in Dushanbe offered that Pakistani public and private sector exploration oil and gas companies could come to Tajikistan to explore vistas of immense opportunity in their country.

A state report suggests that Oklahoma’s oil and gas industry struggled in 2009. According to the Oklahoma Corporation Commission’s annual report on oil and gas activity, production numbers were about the same as other years but intent-to-drill applications tumbled from 6,220 in 2008 to 2,500 last year.

Jude    Maritime News, News     Andrei Ostrovsky, Beijing, gas supplies to China, Independent Petroleum Association, Mike Terry, Natural Resources, oil and gas activity, oil and gas companies, oil and gas export, oil and gas finds, Oklahoma Corporation, President Medvedev, Russia, Russian oil, Tajik Trans Gas

Alaska must cut taxes to bring back oil money

If Alaskans want to resuscitate the state’s petroleum industry, cut taxes.The province did just that earlier this year, and drilling has surged. That’s what Ron Liepert, Alberta’s energy minister, told an oil and gas conference in Anchorage Sept. 28. The strategy worked, despite very low natural gas prices that continue to plague the industry.

More oil rigs are popping up around Cheyenne and some new wells 50 miles north of town might already be producing oil from the Niobrara Shale. How much oil? Mum’s the word, at least for now. The Wyoming Oil and Gas Conservation Commission has issued permits for more than 50 oil wells in northern Laramie County and southern Goshen and Platte counties so far this year.

Oil majors will continue to buy shale gas resources in the U.S. and dominate that market over the next couple of years after spending $21 billion on the fuel in the first half of this year, Wood Mackenzie said.

Jude    Maritime News, News     Alaska oil, Gas Conservation, Italian and German cars, natural gas prices, Niobrara Shale, northern Laramie County, oil and gas conference, oil and gas royalties, Oil majors, oil rigs, Petroleum Association, petroleum industry, petroleum production, shale gas, Wood Mackenzie, Wood Mackenzie Consultants Ltd., Wyoming Oil

BP and Total show keen interest in Algeria Oil and Gas.

BP Plc and Total SA are among 45 foreign companies that have expressed interest in bidding for oil and gas exploration in Algeria, state-run APS news agency reported, citing Energy Minister Youcef Yousfi. Royal Dutch Shell Plc and Chevron Corp. are also among companies interested in the North African country’s third bidding round comprising 10 hydrocarbon blocks, APS cited Yousfi as saying.

The Interior Department Thursday issued two new rules to improve safety on offshore oil and gas rigs, bringing the Obama administration a step closer to lifting its ban on drilling in deep waters in the Gulf of Mexico.

The Alberta government calls it a sign of renewed confidence in the province’s oil and gas sector. Oil and gas land sales of $117-million reported on Wednesday brings total sales for the year to $1.86-billion, a new record in Alberta.

Jude    Maritime News, News     bidding for oil and gas, BP PLC, Chevron Corp, drilling in deep waters, exploration in Algeria, Gulf of Mexico, hydrocarbon blocks, natural gas, Obama administration, oil spill, Petroleum, Petroleum Exporting Countries, Royal Dutch Shell PLC, Total SA

New regulations to strengthen drilling safety.