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OIL AND GAS
Gazprom gas production declines
by Daniel J. Graeber
Moscow (UPI) Nov 3, 2014


disclaimer: image is for illustration purposes only

Russian government data show domestic natural gas production and exports increased during the first 10 months of the year, though output from Gazprom slumped.

Russia's government said natural gas production increased 2.1 percent through October. The largest producer, Gazprom, posted a 1.3 trillion cubic feet decline year-on-year to 124.3 trillion cubic feet for the period.

Oil company Rosneft, Russian independent gas producer Novatek and the financial arm of Russian natural gas Gazprom were included on the list of sanctioned entities by the U.S. government in July. Sanctions were imposed in response to the crises that grew out of Ukraine's November move closer to the European Union.

For Novatek, gas production for the first 10 months of the year was up 9 percent to 184 trillion cubic feet, data released Sunday show.

Exports of crude oil, petroleum products and natural gas account for nearly 70 of all Russian export revenues in 2013.

A report from the World Bank finds Russia's export-based economy leaves it vulnerable to geopolitical crises.


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OIL AND GAS
Air quality and unconventional oil and gas sites
Albany NY (SPX) Nov 03, 2014
Research suggesting air pollutants released by unconventional oil and gas production are well over recommended levels in the US is published in the open access journal Environmental Health. High levels of benzene, hydrogen sulfide and formaldehyde were found. The study is the first to be based on community sampling by people who live near production sites and could be used to supplement official ... read more


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