Bahrain blames Iran for oil pipeline blast

Bahraini officials blamed Iran for a Nov. 10 oil pipeline explosion south of Manama in an escalation of Persian Gulf tensions dismissed by Iranian counterparts as “absurd and false.” The blast at the village of Buri, 10 miles south of Manama, damaged several buildings. The fire was quickly extinguished after Bapco cut flow through the […]

DOJ vows to prosecute vandalism at pipelines, other energy systems

Strong federal prosecutions will occur when individuals or groups vandalize oil and gas pipelines or other US energy transportation systems, the Department of Justice pledged. “This department is committed to vigorously prosecuting those who damage this critical energy infrastructure in violation of federal law,” a DOJ spokesperson said Nov. 10. Source: News

Shell further reduces its Woodside interest holdings

Royal Dutch Shell PLC has signed an agreement to sell part of its stake in Woodside Petroleum Ltd. to equity investors. Shell subsidiary Shell Energy Holdings Australia Ltd. has entered into an underwriting agreement with two investment banks for the sale of 71.6 million shares in Woodside, representing 64% of its interest in Woodside and […]