Rosneft seeking pact for Kurdish gas line

Rosneft PJSC expects to complete an agreement with the Kurdistan Regional Government (KRG) for construction of a natural gas pipeline able to supply electric power plants and factories in the Kurdish region of Iraq and to export as much as 30 billion cu m/year of gas to Turkey and Europe. Source: News


Brookings: Curbing corruption in extractive industry takes more than disclosure

Reducing government corruption will require more than simply requiring companies, particularly in extractive industries, to publicly disclose more financial and operating data, speakers agreed at a Sept. 18 Brookings Institution event. Information should be more readily available and reach people in communities that are directly affected, they said. Source: News


MARKET WATCH: NYMEX oil price for October gains slightly

Light, sweet crude oil for October delivery edged up slightly on Sept. 18 to settle just above $49.90/bbl. Oil prices continued gaining in early Sept. 19 trading after comments were made by an Iraqi official regarding a possible extension of the existing production-cut targets by major producers. Source: News


Corbin to lead European operations for Sparrows Group

Matt Corbin has joined Sparrows Group as its regional operations director for the UK and Europe. Based in Aberdeen, he will support the company’s growth in the oil and gas, renewables, and industrial sectors. Source: News


EIA forecasts 79,000-bo/d rise in October from major US onshore regions

Crude oil output from the seven major US onshore producing regions is forecast to increase 79,000 b/d month-over-month in October to 6.083 million b/d, the US Energy Information Administration said in its latest monthly Drilling Productivity Report. Source: News