Oil and Gas News

January 31, 2014

Market Disruptor: Nuclear Restarts Spells Trouble for LNG
Washington DC (SPX) Jan 31, 2014
By. Nick Cunningham There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas "revolution" in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production. This caused prices to crater to below $2 per million Btu (MMBTu) in 2012, down from their 2008 highs above $10/MMBtu. Natural gas became significantly cheaper in the U.S. than nearly everywhere else in the world. The se ... read more

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Shell suspends drilling in Alaska as profits plunge Royal Dutch Shell will suspend drilling in offshore Alaska after a US court decision and as the oil major streamlines operations following a slump in annual profits, it said on Thursday. ... more		Putin: Russia won't rescind loans, gas price cuts for Ukraine Moscow won't rescind the loans and gas price cuts it signed with Ukraine despite its change in government, Russian President Vladimir Putin said this week. ... more		Iraq, Iran plot to challenge Saudi domination of OPEC Hussein Shahristani, Iraq's energy chief, says Baghdad is working with Iran to boost oil exports, a move by these two Shiite-majority powers that could lead to a major challenge of Sunni Saudi Arabia and its domination of the Organization of Petroleum Exporting Countries. ... more
				Czech Republic's MND plans move into gas distribution market Czech oil and gas producer MND announced this week it is planning to enter the domestic natural gas supply market with a goal of signing up 200,000 households. ... more		Norwegian oil worker unions pull out of offshore platform safety group Unions representing Norwegian offshore oil rig workers have pulled out of an industry-sponsored group amid harsh criticism of cutbacks in safety training. ... more

CubeSats, SmallSats and MicroSats

Kurds' oil deal with Turkey 'endangers Iraq's budget' The feud between Iraq's central government and the minority Kurds' semiautonomous enclave over oil is reaching critical mass, the head of parliament's treasury committee says. ... more		Arctic ruling a setback for Shell? A court decision regarding offshore oil and gas leases off the coast of Alaska could hinder oil giant Shell's plans to drill in the Chukchi Sea. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		South Sudan agrees truce, but crisis not over yet South Sudan's government and rebels have signed a ceasefire, but analysts warn that bringing battling gunmen on the ground under control and making the truce stick is far from guaranteed. ... more
				Australia on course for a shale boom? Australia is slated to be the next big energy market for shale, experts say. ... more		US leg of controversial Canadian oil pipeline opens Oil started to flow on Wednesday through the southern US leg of the controversial Keystone XL pipeline, its Canadian operator said, while Washington mulls whether on not to approve its northern half. ... more

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Abbas 'seeks $1B deal with Russia on Gaza natural gas field Palestinian Authority President Mahmoud Abbas is in Moscow on a four-day visit seeking to secure a $1 billion deal with Russia to develop a natural gas field off the Gaza Strip, ... more		EU issues framework for shale gas exploitation The European Commission issued Wednesday recommendations to ensure that clear environmental safeguards are in place when the controversial technique of "fracking" is used to tap shale gas reserves. ... more		Northrop Grumman moves to boost B-21 Raider output Telus and AST SpaceMobile plan direct-to-phone satellite service across Canada How Can Traffic Camera Footage Help Prove A Car Accident Claim In Rock Hill		Iraq oil exports, revenues dip in 2013 Iraq's oil exports and revenues declined in 2013 compared to the previous year, official figures showed Wednesday, despite efforts to dramatically ramp up crude sales to fund much-needed reconstruction. ... more
				Iran's oil minister to seek investment at Davos Iran's oil minister will hold a "face-to-face" meeting at Davos with major oil companies to try to coax them back to the sanctions-hit Islamic republic, media reported Wednesday. ... more		New EPA Rule Requires Chemical Disclosure for Offshore Fracking The U.S. Environmental Protection Agency published a rule on January 9, 2014 requiring oil and gas companies using hydraulic fracturing off the coast of California to disclose the chemicals they dis ... more

Sri Lanka blames China for its energy crisis

Russia an 'important relationship' for US nuclear energy sector

Suburban sprawl accounts for 50 percent of US household carbon footprint

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Market Disruptor: Nuclear Restarts Spells Trouble for LNG

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Seoul gives green light to two nuclear reactors

Tokyo governor race kicks off with focus on nuclear power

Japan researchers use cosmic rays to see nuclear fuel

	Ukraine sets back Gazprom profits by 10.5% Russia's natural gas giant Gazprom reported on Thursday a 10.5-percent plunge in third-quarter profits but gains over the first nine months of 2013 thanks booming European sales. ... more		Shell to further scale down Australian operations? Shell's Australian investments are in the spotlight after the company offloaded its holdings in a major gas project in Western Australia. ... more		EU wants common rules for shale gas 'fracking' The European Commission wants EU member states to accept common environment and health rules if they use controversial 'fracking' to develop shale gas resources. ... more		Norway to build modern icebreaker for oil, gas exploration in Arctic by 2016 The Kronprins Haakon modern icebreaker for exploration of resources in the Arctic will be ready by 2016, Norway's Minister of Fishery Elisabeth Aspaker said at the opening of the Arctic Borders inte ... more

Sidekick autonomy software guides YFQ-42A test mission for CCA program

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Vietnam anti-China activists mark Paracels defeat		Oil prices drop on China data		5,900 natural gas leaks discovered under Washington, D.C.		Syrian energy deal puts Russia in gas-rich Med		Suez Canal, energy lifeline, seen vulnerable to jihadist attack
EU, Russia to discuss concerns over South Stream pipeline		Netherlands slashes gas production after quake protests		Iraq threatens Turk boycott, contract cuts in Kurd row		Canadian foreign minister demands Keystone decision		Iraq: Maliki threatens Kurds if they export oil to Turkey

Polish auditors slam government for slow pace of shale gas development

Acid mine drainage reduces radioactivity in fracking waste

Oil price gains capped by prospect of Iran supplies

Violence Threatens to Thwart Iraqi Oil Resurgence

Japan, Ethiopia urge peace in South Sudan

Oil prices drop after interim Iran nuclear deal

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

Iraq summons Turkish diplomat over Kurd oil sale

Oil market slides on Iran news

Sinopec to pay compensation over pipeline blast

US court upholds BP settlement for Gulf oil spill

Lebanon's prospects of gas bonanza slip further away

Probe 'blames Sinopec, city for deadly China pipeline blast'

Libyan oil crisis swells as militias refuse to end shutdown

Exxon Mobil launches Singapore petrochemical processing

Shell New Zealand to drill in Great South Basin

Abe to offer help in Africa tour as Ethiopia hopes for trade

India urges Asian unity for fair LNG pricing

Canada PM predicts Keystone pipeline 'will proceed'

Beached Morocco oil tanker to be 'unloaded by Monday'

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