Oil and Gas News

November 20, 2013

Scaling theory better predicts gas production in Barnett shale wells
Austin TX (SPX) Nov 20, 2013
Researchers at The University of Texas at Austin have developed a simple scaling theory to estimate gas production from hydraulically fractured wells in the Barnett Shale. The method is intended to help the energy industry accurately identify low- and high-producing horizontal wells, as well as accurately predict how long it will take for gas reserves to deplete in the wells. Using historical data from horizontal wells in the Barnett Shale formation in North Texas, Tad Patzek, professor and chair ... read more

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Botswana says no fracking in premier wildlife park Botswana's government Tuesday said environmental protection was key in its search for natural gas, rejecting claims that fracking was already under way in the country's top wildlife park. ... more		Arab gulf states build up strike capabilities as U.S. relaxes rules Amid mounting Arab concerns about a rapprochement between the United States and Iran, the Persian Gulf petro-monarchies that are Tehran's greatest opponents are looking to acquire precision-guided weapons and other advanced systems to enhance their strike capabilities. ... more		Oil prices firm ahead of Iran nuclear talks Oil prices rose in Asia Wednesday after US President Barack Obama said he was not sure a deal could be reached this week on Iran's disputed nuclear programme. ... more
				Spain to appeal for damages over Prestige oil spill Spain will appeal for damages over the Prestige tanker disaster which choked its northwest coast in oil, the government said Monday, after a court acquitted all defendants of causing the spill. ... more		Sectarian fury could threaten Iraq's push for record oil output The Iraqi government is seeking to restore calm in the southern province of Basra, the country's main oil production center, after hundreds of foreign oilmen were hastily evacuated amid violent protests by Iraqi oil workers. ... more

Egypt Marches to a Saudi Drummer General El-Sisi may have found the solution to Egypt's economic woes. It is called war. During the weeks up to the coup, General El-Sisi had much to consider. With his access to the presidenti ... more		Turkey rejects further reduction of Iran oil imports Turkey rejects making further reductions in its oil imports from neighbouring Iran, which is under US sanctions over its nuclear programme, the energy ministry said on Friday. ... more		The first animals on Earth may have been sea sponges, study suggests Small Satellite Contracted to Probe Climate Effects of Space Radiation Fengyun satellite strengthens China global weather forecasting capacity		Turkey proposes to mediate Iraq energy dispute Turkey said Friday it has proposed to mediate a long-running dispute between Baghdad and its autonomous Kurdistan region over dividing oil revenue. ... more
				Lure of Israel's gas may dampen Turkish ire Israel is on the cusp of becoming a natural gas exporter and key energy power in the Middle East, a move that could produce significant geopolitical changes in a region beset by turmoil. ... more		East Libya breakaway blocks bid to reopen oil ports Efforts to revive Libya's oil industry, crippled by militia fighting and post-revolution chaos, have suffered a major setback with a unilateral declaration of a self-rule by the oil-rich Cyrenaica region in the oil-rich east. ... more

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PetroChina to pay $2.6 bn for Peru oil and gas assets PetroChina will pay $2.6 billion to acquire oil and gas interests in Peru, the company said Wednesday, in China's latest move to secure crucial energy supplies. ... more		Briton hurt in Iraq oilfield row over 'Shiite insult' Residents angry over alleged religious insults beat up a Briton working at an energy company camp in southern Iraq, days after another firm suspended operations over secular unrest, officials said Tuesday. ... more		Venus' Cloud Aerosols Contain Reservoirs of Water and Iron Technique Could Reveal Hidden Habitats on Moon and Mars Arianespace partners with BULL to advance space debris prevention measures on Ariane 6		Report: Eni seeking $10B in gas price adjustments from Statoil Italian multinational Eni is asking for $10.1 billion in damages from Norway's Statoil for alleged natural gas overcharges, a Norwegian media report said. ... more
				GE Aims To Accelerate Environmental Performance Of Alberta Oil Sands GE Canada announced a second phase of investment to develop technology that addresses environmental performance in the Alberta oil sands. GE will partner with Canada's Oil Sands Innovation Alliance ... more		Oil rises after Iran nuclear talks stall Oil prices rose in Asian trade Monday after gruelling meetings in Geneva aimed at convincing Iran to halt its disputed nuclear programme failed to result in an agreement, analysts said. ... more

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Bolivia says it's on track to develop nuclear power

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Top diplomats of North Korea, China agree to oppose 'hegemonism'

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Shell 'manipulates Nigeria oil spills probes': Amnesty		Lebanon's gas boom-in-waiting goes into deep freeze		Iraq oil pipeline bombed, pumping shut down		Israel drills disputed West Bank oilfield with 3.5B barrels		Gas injection probably triggered small earthquakes near Snyder, Texas
Shell to drill again off Alaska's Arctic coast		Petrobras mulls shedding energy assets in Peru		Silent protest for Briton held over Greenpeace ship		Ukraine minister: Naftogaz debt to Gazprom to be resolved Monday		Lebanon's energy minister boasts gas reserves skyrocket, but ...

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Iraq oil exports plunge to 19-month low: ministry

Real wildcatters go to Ethiopia to hunt for oil

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Chinese oil firms, Europe's giants win Brazil auction

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Chinese oil firms, Europe's giants win Brazil auction

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