Oil and Gas News

July 23, 2013

Iraq oil exports fall on weather, sabotage
Baghdad (AFP) July 22, 2013
Iraqi oil exports fell in June for the second month in a row as poor weather hit southern ports and saboteurs damaged a key pipeline, the oil ministry said Monday. Iraq exported 69.8 million barrels of oil in June at an average rate of 2.32 million barrels per day (bpd), down from 76.9 million barrels and 2.48 million bpd in May. Average oil prices were $97.4 per barrel, meaning the country took in $6.799 billion from crude sales in June. "Oil exports during the last month witnessed a slight ... read more

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Iran signs major deal to export gas to Iraq Iran has finalised a major contract to export gas to neighbouring Iraq, worth 3.7 billion dollars a year, local media on Monday quoted a deputy oil minister as saying. ... more		A 70-year-long experiment yields a result -- one drop of pitch One of the world's longest-running experiments climaxed last week in a university lab in Dublin, Ireland, with a simple falling drop of pitch, researchers said. ... more		Indonesian graft court jails third Chevron employee An Indonesian ant-corruption court on Friday jailed a third employee of the local subsidiary of US energy giant Chevron Corporation, in a case that has spooked foreign investors. ... more
				Algerian energy sector in decline amid security concerns Algeria's oil industry, its economic mainstay, is in decline amid dramatic changes across the Arab world that could yet bring political upheaval to the pivotal North African state, a major gas supplier to Europe. ... more		Israel's dilemma: Where to sell the east Med gas The Israeli government, rejoicing in the Jewish state's growing reserves of natural gas off its Mediterranean coast and the possibility of oil as well, is wrestling with the geopolitical ramifications this energy wealth has brought in its train. ... more

Chile reports fracking 'milestone' in gas find Chilean state oil company ENAP said it used fracking techniques to release what could be commercially viable quantities of natural gas and condensates in the country's southern Magallanes region. ... more		Protests held as YPF, Chevron sign Argentina oil deal Chevron and Argentina's state oil giant YPF signed a $1.2 billion agreement on Tuesday to exploit a huge oil reserve, triggering protests over the fracking it will entail. ... 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		Japan mulls nationalising unclaimed islands: report Japan may nationalise any unclaimed remote islands in its waters in a bid to bolster its territorial claims, a newspaper said Monday amid a dispute with China over one set. ... more
				Brussels says no plans for EU-wide shale gas ban The European Union has no plans to impose a blanket ban on hydraulic fracturing, a controversial shale gas extraction method, but it will lay out rules to address environmental concerns, a top EU official said Tuesday. ... more		Oil slips on China's economic slowdown World oil prices edged lower on Monday after weak economic data in both China and the United States, the two biggest global consumers of crude. ... more

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Violence, bottlenecks threaten Iraq's new oil strategy 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. ... more		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		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		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

Six Tech Advancements Changing the Fossil Fuels Game

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Algerian energy sector in decline amid security concerns

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Microorganisms found in salt flats could offer new path to green hydrogen fuel

CSU researchers explore creating biofuels through photosynthesis

Drought response identified in potential biofuel plant

Radioactive water leaked into sea at Fukushima: TEPCO

S.Africa, EU seal nuclear energy deal

Australia minister calls for more uranium development

	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		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		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		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

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Moldova backs EU in elections marred by Russian interference

Gabon makes rare challenge to China over oil practices		Quebec train disaster highlights pipeline shortage		BP fights 'feeding frenzy' of US oil spill claims		Northrop Grumman Provides LCR-100 Attitude and Heading Reference System for Sikorsky Offshore Rig Approach Capability		Israel's plan to export Mediterranean gas faces obstacles
US Navy bolsters presence in Gulf		Japan has 'serious concern' about China drilling rig		Petrocaribe weighs Venezuela's post-Chavez oil diplomacy		Iraq's Maliki discusses oil project in Russia		Transporting Diluted Bitumen Through Pipelines Does Not Increase Likelihood of Release

Iraq mulls $620B energy strategy

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

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