Russia expected to end gas deliveries to Ukraine

      The Russia-Ukraine gas supply dilemma could see a new development as the countries continue political and commercial retaliation, Kallanish Energy learns. Russian Energy Minister Alexander Novak said Monday Gazprom will end gas deliveries to Ukraine’s state-owned gas company, Naftogaz, as Kiev had not prepaid for more gas. The prepaid supply, agreed to … Read more

Shale oil production to drop 118,000 BPD: EIA

Crude oil production from the top seven U.S. shale plays will fall in December 118,000 barrels per day (BPD) from November’s projection, to 4.95 million BPD (MMBPD) — the biggest monthly drop since May, the U.S. Energy Information Administration reports. The projected aggregate decline in crude production from the seven plays has been below 100,000 … Read more

Escalera files Chapter 11 bankruptcy petition

      Denver, Colorado-based independent oil and gas producer Escalera Resources last week filed a petition in the U.S. Bankruptcy Court seeking relief from creditors under provisions of Chapter 11 of the United States Code. The Company believes the Chapter 11 process will provide the greatest flexibility to pursue viable options for asset sales … Read more


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