Oil and Gas News

July 29, 2013

Saudi billionaire prince urges less reliance on oil
Riyadh (AFP) July 28, 2013
Saudi billionaire prince Alwaleed bin Talal has warned global demand for the kingdom's oil is dropping, urging revenue diversification and investment in nuclear and solar energy to cover local consumption. In letters to officials and published on Sunday on his Twitter account, King Abdullah's nephew warned that it was alarming that "92 percent of the government budget relies on oil". "The world's reliance on OPEC oil, especially the production of Saudi Arabia, is in a clear and continuous drop," ... read more

Previous Issues

Jul 26

Jul 25

Jul 24

Jul 23

Jul 22

Israeli navy grapples with defending Med gas fields Amid signs Israel's effort to patch up relations with one-time ally Turkey is in difficulties, the prospect of exporting gas from offshore fields to Europe via a pipeline under the eastern Mediterranean to Turkey would seem to be dimming. ... more		Halliburton admits destroying US oil disaster evidence Halliburton, the US energy services giant, has admitted destroying evidence relating to the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico, the worst such disaster in American history. ... more		Blast halts Iraq oil exports to Turkey A bomb hit a pipeline carrying oil from Iraq to Turkey on Sunday, stopping exports, a police officer and a senior official from the North Oil Company said. ... more
				Sudan delays oil pipeline closure: Ethiopia Sudan will delay closing an economically vital pipeline carrying South Sudanese oil, the Ethiopian foreign ministry said on Friday. ... more		Sixteen arrested at British anti-fracking protest Sixteen protesters were arrested on Friday as British police broke up a blockade against exploratory drilling by a fracking company in southern England. ... more

Oil spill reaches Thailand resort island Oil from a leaking pipeline has washed up on a resort island in Thailand, a Thai lawmaker says. ... more		Myanmar-China gas pipeline starts flowing: company Gas has started flowing to energy-hungry China through a pipeline from Myanmar, a Chinese state oil company said Monday, in a controversial project that highlights the countries' economic links even as their political ties come under pressure. ... 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		Leaks prompt concern over bitumen extraction methods A series of leaks at a Canadian oil company's oil sands operation has called into question the safety of bitumen extracting methods. ... more
				Oil market under pressure from China demand fears World oil prices steadied on Thursday, remaining under pressure from concerns about an economic slowdown in top energy consumer China, analysts said. ... more		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

CubeSats, SmallSats and MicroSats

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

Spanish ministers meet with energy investors on market reforms

Americans continue to use more renewable energy sources

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

The meeco Group adds iKUBE to its mobile energy product range

Direct nitrogen fixation for low cost energy conversion

Myanmar-China gas pipeline starts flowing: company

Microbial Who-Done-It For Biofuels

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

CSU researchers explore creating biofuels through photosynthesis

Nuke experts blast Fukushima operator over leaks

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

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

	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		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

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

Indonesian graft court jails third Chevron employee		Israel's dilemma: Where to sell the east Med gas		Chile reports fracking 'milestone' in gas find		Japan mulls nationalising unclaimed islands: report		Brussels says no plans for EU-wide shale gas ban
Oil slips on China's economic slowdown		Violence, bottlenecks threaten Iraq's new oil strategy		Stanford researchers say 'peak oil' concerns should ease		Big quakes trigger tremors at US oil and gas sites		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

Free Newsletters - Space - Defense - Environment - Energy

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The contents herein, unless otherwise known to be public domain, are Copyright 1995-2013 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by SpaceDaily on any web page published or hosted by SpaceDaily. Privacy statement