Oil and Gas News

July 15, 2013

Violence, bottlenecks threaten Iraq's new oil strategy
Baghdad (UPI) Jul 12, 2013
Iraq's troubled government is drawing up a new energy strategy that envisions investment of $620 billion in the next 17 years to triple production to 9 million barrels per day by 2020. But, just as global industry experts decried Baghdad's original target of 12 million bpd by 2017 as way too ambitious, they're now saying the new blueprint is beyond reach as well. They blame crippling infrastructure bottlenecks, abysmal governance, a lack of skilled workers and the ever-present security c ... read more

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Stanford researchers say 'peak oil' concerns should ease Fears of depleting the Earth's supply of oil are unwarranted, according to new research, which concludes that the demand for oil - as opposed to the supply - will reach its own peak and then decline ... more		Big quakes trigger tremors at US oil and gas sites Large earthquakes around the world have been found to trigger tremors at US sites where wastewater from gas drilling operations is injected into the ground, a US study said Thursday. ... more		India rebukes Bhutan with fuel subsidy cut: report India has cut fuel subsidies to neighbouring Bhutan as part of a rebuke to the kingdom for "taking the Indian government for granted", a report said Thursday, citing government documents. ... more
				Global recovery, China to pull oil demand in 2014: IEA Global economic recovery and emerging markets led by China will boost growth of oil demand to a record high total next year, the IEA forecast on Thursday. ... more		Global fears of running out of oil unwarranted, U.S. researchers say 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. ... more

CubeSats, SmallSats and MicroSats

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		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		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		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
				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		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

Solar systems for home and business

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

DOE: climate change to affect energy

Protesters who scaled London's Shard released on bail

Energy-poor Jordan faces explosive electricity hikes

Big quakes trigger tremors at US oil and gas sites

Global recovery, China to pull oil demand in 2014: IEA

India rebukes Bhutan with fuel subsidy cut: report

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

Bacteria from Salar de Uyuni in Bolivia conceal bioplastic

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

Distant quakes trigger tremors at US waste-injection sites

Planned China nuclear plant axed after protest: report

Radioactivity found in Swiss lake near nuclear plant: report

	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		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

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

China to reconsider shale target?		Japan vows to help Philippines amid China sea row		Jordan seeks energy security with shale oil plant		Outside View: Azerbaijan decides Europe's energy security		Philippines vents anger at China over naval buildup
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

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