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Israel threatens to revoke Leviathan gas development deal

Israel’s antitrust authority said Monday it may revoke an arrangement permitting an Israeli and a U.S. company to develop Israel’s largest natural gas field by branding them a cartel. The authority summoned representatives of Israel’s Delek Group and Texas-based Noble Energy and told them it was « still considering to announce that buying Leviathan was illegal. « We didn’t make any decision today, » an authority spokesman said after the meeting had ended. Anti-trust authorities have been targeting the companies, ...

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Construction of third branch of Uzbekistan-China gas pipeline completed

The construction of the third branch of the gas pipeline running to China has been completed in Uzbekistan, the management of Uzbekneftegaz National Holding Company told Trend on Dec.19. The project cost totaled $2.05 billion. The source said that the linear part of the gas pipeline has been fully welded and laid throughout its full length. It is expected that the third branch will be filled with gas in Q1 of 2015. The length of the third ...

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Ankara considers construction of

Turkey considers the Russian proposal to build the

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MDU Resources puts Dakota Pipeline Project on hold

MDU Resources Group has placed on hold its plans for building a major natural gas pipeline to carry associated gas supplies from the Bakken oil boom. Dakota Pipeline is slated to be a $650 million project and had been aimed at a late 2017 start-up date.

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Orpic Logistics inks deals for $320m Oman pipeline project

Orpic Logistics Company (OLC) has awarded an engineering, procurement and construction (EPC) contract and a financing deal for a major pipeline project worth $320 million in Oman. OLC is a joint venture between Oman Oil Refineries and Petroleum Industries (Orpic) and and the Spanish company Compa

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Enterprise Products cancels crude oil pipeline project

Enterprise Products Partners announced that it has decided not to move forward with the development of its proposed Bakken-to-Cushing crude oil pipeline. The move was influenced by the low level of commitments received from potential shippers during the open season announced in September. The 30-inch diameter proposed pipeline would have originated from the Williston Basin of North Dakota and serve the Powder River and Denver-Julesburg (« DJ ») Basins. It was expected to have an initial capacity of about 340,000 ...

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Germany backs revival of Russia’s South Stream Gas Pipeline Project

German Chancellor Angela Merkel backed Bulgaria in its bid to seek new talks with Russia about the South Stream natural gas pipeline after Moscow shelved the project this month in favor of an alternative link via Turkey. The EU, at odds with Moscow over the Ukraine crisis and keen to reduce its energy reliance on Russia, had raised objections to the $40 billion South Stream pipeline, which was to run under the Black Sea and enter the EU via ...

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Most North America shale plays still profitable at $65/Barrel

At $65/barrel, most North America shale plays are still profitable with the current rig and well economics on an individual or series basis, according to an industry expert with A.T. Kearney. The firm doesn

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