Oil and Gas News

December 14, 2013

Lithuania hails progress on LNG during EU presidency
Vilnius, Lithuania (UPI) Dec 13, 2013
Lithuania's president this week hailed progress on liquified natural gas projects during its EU presidency and predicted successor Greece will do the same. President Dalia Grybauskaite said in Vilnius Wednesday Lithuania could claim success in working to secure the EU's energy security and diversify supplies during its six-month stint heading the European Union Council, citing LNG terminal projects currently underway in both countries. During ceremonies symbolically handing over the EU h ... read more

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Libya faces economc dangers over oil shutdown The six-month shutdown of Libya's oil industry by rogue militias and disgruntled tribesmen has forced the government to dip into the country's foreign reserves, a move that will likely exacerbate the political turmoil that led to the shutdown if no settlement is soon found. ... more		Gunmen kill 18 pipeline workers in Iraq: police Gunmen Friday shot dead 18 people - most of them Iranians - who were working on a gas pipeline from Iran to Iraq northeast of Baghdad, police officers said. ... more		Anadarko tumbles on multi-billion dollar ruling Shares of Anadarko Petroleum plummeted Friday after a judge ruled that the oil company owes litigants billions due to a fraudulent reorganization designed to avoid environmental liability. ... more
				Russia says Arctic crew cannot leave country: Greenpeace Russia has denied foreign Greenpeace activists permission to leave the country pending their trial over an Arctic protest, the group said on Friday, some two weeks after they were released on bail. ... more		Persian Gulf states seek joint military command -- again On the face of it, the decision by the Arab monarchies of the Persian Gulf to establish a joint military command indicates the six member states of the Gulf Cooperation Council are seeking to bolster their collective security against Iran amid signs of a rapprochement between their regional rival and the U.S.-led Western powers. ... more

Nigeria's leader under fire over missing $50B in oil money President Goodluck Jonathan is under growing pressure from top-level corruption in Nigeria's oil industry, with the central bank asking what happened to $50 billion in missing oil revenues and his political mentor, former president Gen. Olusegun Obasanjo complaining about massive fraud in the industry. ... more		Another cost blowout for Chevron's Gorgon LNG in Australia Oil and gas giant Chevron Corporation has revealed the cost of its massive Gorgon liquefied natural gas project on Western Australia's Barrow Island has increased to $54 billion. ... 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		Putin orders military to boost Arctic presence President Vladimir Putin ordered Russia's military on Tuesday to step up its presence in the Arctic after Canada signalled it planned to claim the North Pole and surrounding waters. ... more
				Canada to claim North Pole: minister Canada signalled intentions to claim the North Pole and surrounding Arctic waters while announcing Monday the filing of a UN application seeking to vastly expand its Atlantic sea boundary. ... more		Showdown on Iraqi Kurds' oil, gas is looming The thorny dispute over Iraqi Kurdistan's oil riches is likely to heat up in the weeks ahead, aggravating tensions in a flashpoint region at a time when al-Qaida bombers are wreaking havoc across the country spurred by the civil war raging in next-door Syria. ... more

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India to offer BHP Billiton incentives to keep oil and gas blocks? India is trying to convince mining giant BHP Billiton Ltd. to stay invested in the country, and may offer a partnership with state-owned Oil and Natural Gas Corp. as an incentive, an oil ministry official said. ... more		Pentagon chief affirms Qatar, US defence ties Pentagon chief Chuck Hagel reaffirmed US military ties with Qatar on Tuesday, during a regional tour aimed at shoring up Gulf alliances amid disagreements over policy on Iran and Syria. ... 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		Colombian oil pipeline changes hands in part acquisition Colombia's largest crude oil transportation system is going through an ownership change after global investor Advent International led a partial buyout in a deal signalling growing interest in the Latin American country's energy prospects. ... more
				Oil explorer eyes Spain's pristine Canary Islands Luring millions of tourists a year with its crystal-clear waters, warm winters and precious wildlife, Spain's Canary Islands may hold another treasure - oil - that is attracting a less welcome visitor. ... more		With US ties frayed, Saudi calls for Gulf union With its decades-old US alliance strained over the Syria war and a nuclear deal with Iran, Saudi Arabia is calling on the Gulf monarchies to unite for their own self-defence. ... more

Global energy demand to increase 35 percent: ExxonMobil

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Ground broken on $6 million Hungarian farm biogas plant

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US takes last shipment of Russian uranium

S. Korea scales back nuclear expansion plans

US Risks Losing Critical Clean Electricity if Nuclear Power Plants Keep Closing at Steady Pace

	Chevron resumes shale work in Romania despite protest Chevron said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend the operation. ... more		US to maintain 35,000 troops in Gulf region: Hagel The United States is committed to maintaining a 35,000-strong force in the Gulf region regardless of a nuclear deal with Iran, Pentagon chief Chuck Hagel said Saturday in Bahrain. ... more		Chevron resumes shale work in Romania despite protests Chevron on Sunday said it has resumed activities to build its first shale gas exploration well in Romania, a day after protests forced the US energy giant to suspend work. ... more		Amid growing violence, Lebanon presses on with Med gas auction As Lebanon stands on the brink of a new spasm of sectarian bloodletting, Energy Minister Gebran Bassil says he plans to go ahead with moves to launch exploration of offshore gas fields in the eastern Mediterranean on Jan. 10. ... more

Sierra Space clears design milestone for missile tracking satellites in SDA Tranche 2

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

Elbit secures 120 million order for Hermes 900 maritime surveillance UAS

Shell scraps Gulf Coast gas-to-liquids project		Iran deal could spell trouble for OPEC, Mideast		Tracking fracking pollution		Virtual Wall Could Stop Spread Of Oil Spills		Mexico eyes Argentina oil deal, Pemex expansion
Iraq says 'optimistic' over Kurd oil deal		EU, Gazprom to seek settlement in antitrust probe		Turkey moots three-party talks over Iraq-Kurd oil row		Romania villagers brave police and cold in fracking fight		Actor Bardem's mother protests Canaries oil-drilling

Iran will 'immediately' export more oil once sanctions lifted

India assures 'stable' environment to energy investors

Singapore ready to be LNG trading hub

Greenpeace activists held after crashing energy conference

Environment group sues China oil giant for nearly $10 mn

Romania riot police clear shale gas protesters

Oil prices edge higher after upbeat Chinese data

China, India cut back Iranian crude, duck US sanctions

Iraq oil exports rise for third month: ministry

Iraq bans Turkey planes ahead of Kurd oil conference

Exxon sells Iraq oil stake to PetroChina: ministry

Chevron alleges Ecuador fraud in oil pollution case

Sinopec suspends executives over China pipeline blast: Xinhua

Minister says Poland to produce shale gas next year

Argentina, Repsol said nearing compensation compromise

Iraqi Kurdish oil exports to Turkey may start next month

Chevron alleges Ecuador fraud in oil pollution case

JPL to Assist in Oil and Gas Tech Development

Iran deal 'will lead to surge of oil to Asia'

Arab gulf states build up strike capabilities as U.S. relaxes rules

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