Oil and Gas News

December 19, 2013

Libya oil deadlock causes jitters in global energy market
Tripoli, Libya (UPI) Dec 18, 2013
Libya's deadlocked oil crisis, with rebel warlords refusing to reopen blockaded oil terminals along the Mediterranean coast, is causing jitters on international energy markets as oil exports are reduced to a trickle. The beleaguered government of Prime Minister Ali Zeidan said last week that the export terminals in the eastern cities of Ras Lanuf, Es Sider and Zueitina, which account for 60 percent of Libya's oil exports, would reopen Sunday. But rebel chieftain Ibrahim Jedran, who once ... read more

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BP engineer guilty of obstructing oil spill investigation A drilling engineer for British oil giant BP was found guilty Wednesday of destroying text messages in his smartphone, obstructing the investigation into the 2010 Gulf of Mexico oil spill. ... more		Israeli navy to get 2 German frigates to shield natural gas fields The Israeli navy is getting two German-built frigates under a $1.37 billion contract that will build up its maritime firepower, officials said. ... more		China natural gas represents 'golden opportunities' The development of China's natural gas sector offers "golden opportunities" for investors, a report by the China Energy Fund Committee says. ... more
				British PM urges EU to cut shale gas red tape British Prime Minister David Cameron has warned European Commission president Jose Manuel Barroso that the continent risks being left behind in the shale gas revolution unless red tape is cut, the Times reported Tuesday. ... more		Canadian court greenlights Ecuadoran lawsuit against Chevron Ecuadoran villagers can seek to enforce in Canada a multi-billion-dollar Ecuadoran judgment against Chevron for polluting the Amazonian rainforest, a Canadian court ruled Tuesday. ... more

British utility Centrica wins bidding for Ireland's Bord Gais Energy A $1.54 billion offer from British utility Centrica is the winner in bidding for the energy business of Ireland's Bord Gais, the Dublin government announced. ... more		Lockheed Martin Manufacturing Tanks to Store and Transport Liquefied Natural Gas 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 ... 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		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

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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		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		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

EU probes Germany energy price breaks for business

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Libya oil deadlock causes jitters in global energy market

British PM urges EU to cut shale gas red tape

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Algae to crude oil: Million-year natural process takes minutes in the lab

Brussels opens probe into UK state aid for new nuclear plant

TEPCO to decommission surviving Fukushima reactors

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	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		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

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

Pentagon chief affirms Qatar, US defence ties		Colombian oil pipeline changes hands in part acquisition		Oil explorer eyes Spain's pristine Canary Islands		With US ties frayed, Saudi calls for Gulf union		Chevron resumes shale work in Romania despite protest
US to maintain 35,000 troops in Gulf region: Hagel		Chevron resumes shale work in Romania despite protests		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

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Romania villagers brave police and cold in fracking fight

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Environment group sues China oil giant for nearly $10 mn

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Exxon sells Iraq oil stake to PetroChina: ministry

Chevron alleges Ecuador fraud in oil pollution case

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