Oil and Gas News

December 16, 2013

Lockheed Martin Manufacturing Tanks to Store and Transport Liquefied Natural Gas
New Orleans LA (SPX) Dec 16, 2013
Building on a 38-year history of manufacturing external tanks for NASA's Space Shuttle program, Lockheed Martin [NYSE: LMT] is producing Liquefied Natural Gas (LNG) storage tanks. Lockheed Martin is under contract to produce cryogenic LNG storage tanks for Wartsila, a Finnish power solution provider and Harvey Gulf International Marine LLC, a marine transportation company. "There is a growing need for storing and transporting LNG to consumers," said Dr. Rob Smith, vice president of Space and Cyber ... read more

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Lithuania hails progress on LNG during EU presidency Lithuania's president this week hailed progress on liquified natural gas projects during its EU presidency and predicted successor Greece will do the same. ... more		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		Simulations of Exoplanet Formation May Help Inform Search for Extraterrestrial Life Ancient hot springs reveal how microbes thrived before Earth gained oxygen Framework proposed to study planetary scale impact of life		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
				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

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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		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		Northrop Grumman Hypersonic Navigation System Exceeds Rocket Test Milestones Teledyne Labtech and Bangor University advance Welsh space cooling technology NASA seeks student solutions for lunar lander life support technologies		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
				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

Ukraine's Two New Energy Deals

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Global energy demand to increase 35 percent: ExxonMobil

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Deep Carbon Observatory scientists discover quick recipe for producing hydrogen

CWRU researchers report nanoscale energy-efficient switching devices

Ground broken on $6 million Hungarian farm biogas plant

Team reports on US trials of bioenergy grasses

Companies could make the switch to wood power

Ratepayers Could Save $1.7 Billion If Aging Nuclear Plant At Hanford, Washington Is Closed

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

US takes last shipment of Russian uranium

	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		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

India signs $7 bn deal for 97 domestically made fighter jets

France doubles down on threat to build future fighter jet alone

US approves $1.2 bn missile sale to Germany

Amid growing violence, Lebanon presses on with Med gas auction		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'

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