Oil and Gas News

January 13, 2014

Tax breaks for fracking firms as UK goes 'all out for shale'
London (AFP) Jan 13, 2014
British Prime Minister David Cameron on Monday promised tax breaks worth millions of pounds to local councils who encourage shale gas development, declaring the country was going "all out for shale". Cameron announced that local authorities in England will collect all of the tax collected from shale gas sites - double the current 50 percent figure. The government calculates that this could be worth up to Pounds 1.7 million ($2.8 million, 2 million euros) a year for a typical site. "We're going a ... read more

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Iraq summons Turkish diplomat over Kurd oil sale Baghdad summoned Turkey's charge d'affaires Sunday over moves by Iraq's Kurdish region to sell oil independently via one of Ankara's ports, saying the move was a violation of its constitution. ... more		Oil market slides on Iran news Global oil prices fell on Monday following news that a landmark deal to curb parts of Iran's disputed nuclear programme in exchange for sanctions relief will take effect from January 20. ... more		Sinopec to pay compensation over pipeline blast Chinese state-owned oil giant Sinopec will pay compensation over a November pipeline explosion at its facility in the city of Qingdao that killed dozens of people and caused losses of more than $100 million, it said. ... more
				US court upholds BP settlement for Gulf oil spill A US federal appeals court upheld Friday a multibillion-dollar settlement between BP and the coastal residents and businesses hit by the company's massive Gulf of Mexico oil spill in 2010. ... more		Probe 'blames Sinopec, city for deadly China pipeline blast' An official inquiry blames China's state-owned oil giant Sinopec and local authorities in the city of Qingdao for a November pipeline explosion that killed 62 people, state media reported Thursday. ... more

Libyan oil crisis swells as militias refuse to end shutdown Libya's battered oil industry crisis appears to be escalating again, with armed separatist militants who have shut down vital facilities in the east since July now seeking to sell oil from rebel-controlled terminals, while the navy drove off with shellfire a Maltese-flagged tanker that tried to illegally load at one of the blockaded ports. ... more		Lebanon's prospects of gas bonanza slip further away With Lebanon's long-awaited auction for exploration licenses in the gas-rich eastern Mediterranean postponed because there's no functioning government, time may be running out for the tiny country to grasp what's likely to be its last chance for economic salvation as it slips once more toward sectarian savagery. ... 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		Exxon Mobil launches Singapore petrochemical processing Exxon Mobil has inaugurated a petrochemical processing facility in Singapore on the island of Jurong. ... more
				Shell New Zealand to drill in Great South Basin Shell New Zealand says it will drill an exploration well in the Great South Basin. ... more		Abe to offer help in Africa tour as Ethiopia hopes for trade Japanese Prime Minister Shinzo Abe will offer humanitarian aid to Africa when he visits this week, the government said Wednesday, as his Ethiopian opposite number expressed a wish for more trade with Tokyo. ... more

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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

India urges Asian unity for fair LNG pricing Indian Prime Minister Manmohan Singh urged Asian buyers of imported liquefied natural gas to unite to demand fair pricing. ... more		Canada PM predicts Keystone pipeline 'will proceed' Canadian Prime Minister Stephen Harper predicted Monday that the United States will approve construction of the last leg of the controversial Keystone XL pipeline from Canada. ... 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		Beached Morocco oil tanker to be 'unloaded by Monday' A Moroccan tanker carrying 5,000 tonnes of fuel that ran aground during a storm last month will have been pumped dry by Monday without any lasting environmental damage, the environment minister said. ... more
				China weighs in as S.Sudan peace talks open Peace talks between South Sudan's government and rebels started in Ethiopia on Monday, as key power China added its weight to efforts to end weeks of fighting in the world's youngest nation. ... more		Sudan, South mull joint oil protection force: minister Sudan and South Sudan agreed Monday during a visit to Juba by President Omar al-Bashir to consider setting up a joint force to protect vital oilfields, his foreign minister said. ... more

US energy secretary delays India trip amid row

Obama sets up quadrennial review of U.S. energy strategy

Li's Power Assets to spin off HK unit

Fusion instabilities lessened by unexpected effect

Outside View: Asia's growing coal markets

Tax breaks for fracking firms as UK goes 'all out for shale'

NREL Finds a New Cellulose Digestion Mechanism by a Fast-eating Enzyme

Inexpensive technique could drive down costs of biofuel production

York scientists' significant step forward in biofuels quest

TEPCO to siphon off radioactive water from tunnels under Fukushima plant

Fukushima operator paid way over odds on procurement

Japan scientists to create controlled nuclear meltdown

	4 dead as Yemen army confronts tribe over hit pipeline Clashes Friday between Yemeni soldiers who confronted armed tribesmen blocking access to a damaged oil pipeline killed four people in the central province of Maarib, sources said. ... more		Iraq oil pipeline bombed, pumping halted Militants bombed a major oil pipeline in northern Iraq on Thursday, causing a fire and forcing pumping to be suspended, an official from the North Oil Company said. ... more		Russia drops cases against Greenpeace activists Russia on Wednesday dropped all but one of the cases against 30 crew members of a Greenpeace protest ship following a Kremlin-backed amnesty. ... more		Army commander in South Sudan oil-state 'joins rebels': army spokesman A top South Sudan army commander based in the key oil-producing Unity state appears to have defected to rebel forces, the country's army spokesman said Friday. ... 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

Fighting rages in S.Sudan oil regions, 'progress' for peace mission		Two Libya army officers killed in Benghazi		Arab monarchies eye stronger ties with China		'Thousands' killed as South Sudan slides toward civil war		Greece won't cut heating oil tax despite smog: minister
Correa slams report on CIA role in Ecuador strike		US judge rejects BP bid for extra proof in oil spill claims		US forces ready for possible new S.Sudan evacuations		Lifeline oil fields under rebel threat in South Sudan		UTSA Institute for Economic Development researches oil, gas economic impact

Iraqi Kurds pump oil to Turkey amid fears of new clash

Study links BP oil spill to dolphin disease

S.Africa suspends offshore oil, gas exploration

Cameron vows to defend Falklands after 'momentous' year

Russia starts pumping oil at Arctic rig raided by Greenpeace

Venezuela to raise domestic gas prices?

Canada oil pipeline to Pacific clears major hurdle

Intelligence chief killed in Libya's Benghazi

Cyprus likely partner as Israel mulls gas exports, but Turkey beckons

China state oil firm evacuating workers in South Sudan

Libya oil deadlock causes jitters in global energy market

BP engineer guilty of obstructing oil spill investigation

Israeli navy to get 2 German frigates to shield natural gas fields

China natural gas represents 'golden opportunities'

British PM urges EU to cut shale gas red tape

Canadian court greenlights Ecuadoran lawsuit against Chevron

British utility Centrica wins bidding for Ireland's Bord Gais Energy

Lockheed Martin Manufacturing Tanks to Store and Transport Liquefied Natural Gas

Lithuania hails progress on LNG during EU presidency

Libya faces economc dangers over oil shutdown

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