Iraq, Kurdistan Exporting Kirkuk Oil. Reports now say that a new preliminary deal has lead to oil exports once again flowing from the Kirkuk oil field Thursday. [Reuters]
Work Continues On Turkish Gas Pipeline. Officials with Russia’s Gazprom say they are reviewing options to move ahead with the Turkish Stream pipeline project. [UPI]
LNG Market Moves To Online Auctioning. The Global LNG Exchange will begin testing in October, a project LNG industry executives want to use to allow traders to buy and sell spot cargoes online. [Bloomberg]
Shell Exploring LNG Supplies in Pakistan. Shell officials are examining options related to supplying LNG to Pakistan as it tracks the development of the second import terminal in the country. [The Express Tribune]
Chevron Starts Gas Production Offshore Indonesia. Chevron said it started gas production from a project that reportedly has a design capacity of around 110 million cubic feet per day. [UPI]
Saudis Eye Price Boost For Aramco IPO. Saudi officials are looking to offload a stake in state-owned producer Aramco ahead of talks in September. [Reuters]
Alaska Readies To Take Over LNG Project. Following issues with financing and ExxonMobil pulling out of the deal, it appears the Alaska LNG project would struggle to clear price hurdles even in a healthier oil market. [Alaska Journal]
Norway Offshore Oil Luring Smaller Companies. With the collapse in crude prices, Norway’s offshore oil industry might undergo a big change in terms of who its major players will be moving forward. [Bloomberg]
Cuba Turns To Foreign Investors Amid Oil Import Cuts. Cutbacks in oil imports from Venezuela has Cuban officials turning to foreign investors to help the country increase its renewable energy resources. [Bloomberg]
Oil Slammed After EIA Report. “Crude oil inventories in the U.S. rose by 2.3 million barrels to 525.9 million barrels last week, remaining at historically high levels for this time of year, the Energy Information Administration reported.” [Nasdaq]
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