Oil and Gas News

July 12, 2013

Global fears of running out of oil unwarranted, U.S. researchers say
Palo Alto, Calif. (UPI) Jul 10, 2013
U.S. researchers say fears of running out of oil are unwarranted, as the demand for oil - but not the supply - will reach a peak and then decline. Warnings of "peak oil" paint pictures of calamitous shortages, panic and even social collapse as the world reaches its peak of oil production and then supplies fall, but researchers at Stanford University and the University of California-Santa Cruz say such scenarios are not likely. Instead, they said, the historical connection between econo ... read more

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Libyan oil output falls amid security crisis Libya's oil production has reportedly slipped by about 30 percent from the pre-civil war peak of 1.6 million barrels per day because of a nationwide security collapse and an electricity shortage largely caused by lawlessness. ... more		Trial over Spain Prestige oil disaster ends Hearings in the trial over one of Europe's worst oil spills wrapped up in Spain on Wednesday after eight months of testimony. ... more		Quebec train disaster highlights pipeline shortage Death and destruction unleashed on a Quebec town when a runaway oil tanker train derailed and exploded put a spotlight Monday on the challenges of transporting oil by rail, versus pipelines. ... more
				Treating oil spills with chemical dispersants: Is the cure worse than the ailment? Treating oil spills at sea with chemical dispersants is detrimental to European sea bass. A new study, to be presented at the Society for Experimental Biology meeting in Valencia on July 6, suggests ... more		BP fights 'feeding frenzy' of US oil spill claims BP asked a US appeals court on Monday to scuttle a "feeding frenzy" of "fictitious" compensation claims stemming from the 2010 Gulf of Mexico oil spill. ... more

CubeSats, SmallSats and MicroSats

Gabon makes rare challenge to China over oil practices Gabon has taken the exceptional step of withdrawing the right of Addax Petroleum, a subsidiary of Chinese oil giant Sinopec, to exploit an oilfield, raising concerns over possible repercussions on the business climate. ... more		Northrop Grumman Provides LCR-100 Attitude and Heading Reference System for Sikorsky Offshore Rig Approach Capability Northrop Grumman is supplying a modified LCR-100 Attitude and Heading Reference System (AHRS) for the newly certified offshore rig approach feature on Sikorsky's S-92A helicopter. The automate ... 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		Israel's plan to export Mediterranean gas faces obstacles Israel's plans to export 40 percent of natural gas production from its offshore fields in the eastern Mediterranean has sharpened a national debate. ... more
				US Navy bolsters presence in Gulf The US Navy has deployed three additional coastal patrol ships to its Fifth Fleet headquarters in Bahrain, bolstering America's presence in the strategic Gulf, officials said Wednesday. ... more		Japan has 'serious concern' about China drilling rig Japan said on Wednesday it has voiced "serious concern" to China at the construction of a drilling rig near a disputed and potentially rich gasfield in the East China Sea. ... more

Solar systems for home and business

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Petrocaribe weighs Venezuela's post-Chavez oil diplomacy The late Venezuelan President Hugo Chavez was known for lavishing gifts of cheap oil on neighbors sympathetic to either his populism or strident anti-American rhetoric. ... more		Iraq's Maliki discusses oil project in Russia Iraqi Prime Minister Nuri al-Maliki held talks in Moscow on Monday with the Russian oil company Lukoil about enacting an existing energy contract and possible participation in future deals, Lukoil said. ... more		Maintaining US space dominance requires rapid and reliable delivery of new systems Germany pledges EUR35 bn for space defence against Russia, China Rocket Lab Expands Synspective Partnership with 10 Additional Electron Launches		Transporting Diluted Bitumen Through Pipelines Does Not Increase Likelihood of Release Diluted bitumen has no greater likelihood of accidental pipeline release than other crude oils, says a new report from the National Research Council. The committee that wrote the report found ... more
				Iraq mulls $620B energy strategy The Iraqi Oil Ministry is expected to decide within months what its energy strategy will be for the next 17 years, while building up the infrastructure it will need for vastly expanded oil and gas production aimed at transforming the country into a major energy power. ... more		China to reconsider shale target? China is likely to reconsider its target for shale gas development, says a Chinese energy sector expert. ... more

Toronto struggles to regain power after storm

French ex-minister blames energy lobbies for sacking

Remote Norway islands added to national electric grid after blackout

Treating oil spills with chemical dispersants: Is the cure worse than the ailment?

Quebec train disaster highlights pipeline shortage

Global fears of running out of oil unwarranted, U.S. researchers say

Japan, China and South Korea account for 84 percent of the macroalgae patents

Gasification method turns forest residues to biofuel with less than a euro per liter

Newly developed medium may be useful for human health, biofuel production, more

Japan atomic watchdog suspects Fukushima ocean leak

Toxic radiation again in groundwater at Fukushima: TEPCO

Japan nuclear operators ask to restart reactors

	Japan vows to help Philippines amid China sea row Japan pledged Thursday to help the Philippines defend its "remote islands", as both governments expressed concern over China's robust moves to stake its claims to disputed Asian waters. ... more		Jordan seeks energy security with shale oil plant Jordan is pushing ahead with plans to build the Middle East's first shale oil-fired power plant, a major step toward achieving energy security by the resource-poor Hashemite kingdom. ... more		Outside View: Azerbaijan decides Europe's energy security Azerbaijan on Wednesday decide the fate of energy security in Central and Southern Europe. ... more		Philippines vents anger at China over naval buildup The Philippines accused China on Sunday of a "massive" military buildup in the disputed South China Sea, warning at a regional security forum that the Asian giant's tactics were a threat to peace. ... more

Northrop Grumman Hypersonic Navigation System Exceeds Rocket Test Milestones

We can build fighter jet without Germany: France's Dassault

Moldova backs EU in elections marred by Russian interference

Philippines, US hold war games near China flashpoint reef		Violence against Brazil natives up sharply: report		Chinese secure foreign oil in $100B buying spree		Bangladesh to exhaust gas reserves?		Qatar succession and the gulf's aging monarchies
Obama: Keystone pipeline must not add to global warming		Argentina struggles to raise cash for shale develoment		Stray gases found in water wells near shale gas sites		Fracking raises risk of contaminated drinking water: study		Oil prices ease on US, China concerns

Iraq oil exports dip on weather, sabotage

Russia, China sign 'unprecedented' $270 bn oil deal

Israel moves on gas exports, but how is a problem

Exxon seeks to export Canadian LNG

Russia, China reach $60 bn oil supply deal: Putin

India pushes for energy security in Iraq meet

Iraq: Chevron, Total expand Kurdish drilling

Indonesia to raise subsidized fuel prices

Oil dives on Fed taper signal, weak China data

Persian Gulf states 'unable to protect themselves'

Chevron signs Iraq Kurd oil deal

Central European presidents back Nabucco West over TAP rival

New showdown looms as Sudan threatens south's oil

Philippines coast guard officials face possibe charges

Iraq slashes production plan, but doubts remain

DOE to move forward on LNG export applications

Canadian PM's London visit sparks protest

Three Chinese ships in disputed waters: Japan

Iraq to get $6 trillion from energy in new strategy

Britain, Saudi discuss military ties: agency

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