Oil and Gas News

July 26, 2013

Oil market under pressure from China demand fears
London (AFP) July 25, 2013
World oil prices steadied on Thursday, remaining under pressure from concerns about an economic slowdown in top energy consumer China, analysts said. New York's main contract, West Texas Intermediate (WTI) for September, dropped ten cents to $105.29 a barrel. Brent North Sea crude for delivery in September rose 27 cents to stand at $107.46 a barrel in late afternoon deals in London, having earlier fallen on Chinese jitters. "China has been and remains the key driver of global oil demand, th ... read more

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Now gas-rich Israel goes for oil in East Med Noble Energy, the Texas company that discovered rich natural gas fields off Israel and Cyprus in the eastern Mediterranean, is getting ready to start deep-water exploration for as much as 1.8 billion barrels of oil in the Jewish state's waters. ... more		Oil prices tumble on poor China data World oil prices dived on Wednesday following weak manufacturing data in China, which is the world's leading consumer of energy. ... more		Mineral Rich Australia May Contain World's Next Major Oil Find Australia's massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely. The U.S. government's Energy Information Administration noted in its country's anal ... more
				West Africa becomes pirate hotspot amid oil boom Pirates have looted a Marshall Islands-flagged chemical tanker off Togo and hijacked a Maltese oil products tanker off Gabon in recent days amid a sharp escalation in attacks by maritime marauders plaguing the oil-rich Gulf of Guinea off West Africa. ... more		Reforms needed for investment in Australian LNG An Australian oil and natural gas industry supporter warned that without policy reforms billions of dollars in new liquefied natural gas projects would be at risk. ... more

Iraq oil exports fall on weather, sabotage 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. ... more		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		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		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
				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		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

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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		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		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		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
				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

Sweden's Vattenfall hit by $4.6-bn charge as energy demand plunges

Americans continue to use more renewable energy sources

Six Tech Advancements Changing the Fossil Fuels Game

Harvesting electricity from the greenhouse gas carbon dioxide

Greenhouse gas seen as clean source of electricity

Oil prices tumble on poor China data

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

Microbial Who-Done-It For Biofuels

CSU researchers explore creating biofuels through photosynthesis

New nuclear fuel-rod cladding could lead to safer power plants

Westinghouse and Vitkovice Take First Concrete Steps Towards Building Czech AP1000 Reactors

Paraguay upset over Argentine nuclear plant near border

	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		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		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

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

India rebukes Bhutan with fuel subsidy cut: report		Global recovery, China to pull oil demand in 2014: IEA		Treating oil spills with chemical dispersants: Is the cure worse than the ailment?		Trial over Spain Prestige oil disaster ends		Global fears of running out of oil unwarranted, U.S. researchers say
Libyan oil output falls amid security crisis		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

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