Oil and Gas News

December 03, 2012

Report warns against increased LNG exports
Washington (UPI) Nov 30, 2012
A new report from the Sierra Club cautions against exporting liquefied natural gas and urges the U.S. Department of Energy to closely consider the environmental and health effects of hydraulic fracturing, or fracking. The "Look Before the LNG Leap" report comes as the Energy Department considers a number of proposals to export natural gas amid record U.S. production. "The Department of Energy should look at the full picture of what exporting LNG will mean for Americans' health, communiti ... read more

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Canada seeks access to new oil markets Canada is scrambling to build an expansive new oil pipeline network to reach new markets including Asia as its sole customer, the United States, hikes production, aiming to become the world's top exporter. ... more		Baghdad-Kurdistan talks stall over military command Iraq's autonomous Kurdistan region said on Friday that talks on reducing tensions with the federal government have stalled over the contentious issue of a newly-established northern military command. ... more		Sri Lanka to buy Iraqi oil after US sanctions on Iran Sri Lanka will purchase oil from Iraq after the United States imposed new sanctions on Iran, the island's main supplier of crude oil, a report said Sunday citing a senior official. ... more
				Lebanon steps on gas, but progress slow Lebanon's government, which is struggling to keep the crisis-ridden Mediterranean country functioning, has approved a six-member board to regulate the vast natural gas fields reported offshore. But don't expect action anytime soon. ... more		Smith Electric Vehicles to Open Manufacturing Facility in Chicago Mayor Rahm Emanuel and Smith Electric Vehicles have announced that Smith will open an electric vehicle manufacturing facility in Chicago, creating hundreds of direct and indirect jobs and boosting t ... more

Fracking in Michigan University of Michigan researchers are conducting a detailed study of the potential environmental and societal effects of hydraulic fracturing, the controversial natural gas drilling process known a ... more		OriginOil's Second Licensing Agreement Targets Canadian Oil Sands Market OriginOil has announced that its second original equipment manufacturer?s (OEM) agreement will target oil service companies in the Canadian oil sands market. Privately-held investor group LH Opportu ... more		The first animals on Earth may have been sea sponges, study suggests Wildfire-induced thunderstorms recreated in Earth system models for first time Fengyun satellite strengthens China global weather forecasting capacity		Sandy adds to global air traffic gloom: IATA The effects of Superstorm Sandy which devastated parts of the Northeastern US and the Caribbean last month are deepening an already dire situation for the global airline industry, the International Air Transport Association (IATA) said on Thursday. ... more
				Ford Fusion wins LA car show green prize The 2013 Ford Fusion was named Green Car of the Year Thursday at the LA Auto Show, as the US carmaker boasted having gone from "laggard to leader" in the environmentally-friendly vehicle market. ... more		Ecuadoran villagers drag Chevron to Canadian court A 19-year court battle that resulted in a staggering US$18.3-billion judgment from an Ecuadoran court against Chevron last year moved to Canada on Thursday as the plaintiffs seek to collect. ... more

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VW says air cleared over industrial espionage in China German auto giant Volkswagen said on Thursday it had cleared the air with Chinese partner FAW over allegations it stole VW's engine designs and two sides would bring forward plans to extend their cooperation. ... more		North America lags in gas-driven vehicles Despite advances in finding new energy sources, including shale oil and natural gas, North America is trailing in natural gas as an alternative vehicle fuel, conclusions of a study indicate ... more		Maintaining US space dominance requires rapid and reliable delivery of new systems Germany pledges EUR35 bn for space defence against Russia, China Blackbaud Reviews: Key Insights To Consider Before Choosing an LMS		Shale development threatens China's water As China readies for the water-intensive process of hydraulic fracturing, or fracking, to tap into massive reserves of shale natural gas, concerns are rising regarding the country's already limited water supply. ... more
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