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Timizzer Oil & Gas News: Clinton on Iran oil, UK energy bills, Rosneft-Statoil Arctic deal 07/05/2012 by Timizzer Business, News, World and tagged Arctic oil, BG Group, Carbon capture, CLinton, CO2, energy supply, Fukushima, India oil, Iran oil, Japan LNG, LNG supply, Norway Technology, oil import, Rosneft, Statoi, TCM, Technology Centre Mogstad

Rosneft commenced operational drilling at the Lebedinskoye oil and gas condensate field in the Sea of Okhotsk. It will drill a 5.3 km long horizontal extend reach well under the bottom of the Sea of Okhotsk.

US Secretary Clinton presses India to reduce Iran oil imports As mentioned in a town hall meeting in Kolkata by U.S. Secretary Clinton " there is an adequate supply in the market for India … more

Against a background of escalating tension between the US and Russia over events in Ukraine, oil companies from each country have been working to overcome the numerous challenges of extracting oil from the Arctic Ocean. Having completed one of the largest Arctic expeditions in history to understand the challenges, the partnership has now started to drill.

[ ] Slow down: China's stocks plummet Chinese stocks fell to the lowest level in a week due to concerns with drugmakers and developers in the country. The slow down in the economy have hurt profits in … more