Oil and Gas News

February 13, 2014

The Golden Age of Gas, Possibly: Interview with the IEA
Washington DC (SPX) Feb 13, 2014
by James Stafford of Oilprice.com The potential for a golden age of gas comes along with a big "if" regarding environmental and social impact. The International Energy Agency (IEA)-the "global energy authority"--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way. Oilprice.com: In 2011, the IEA predicted what it called "the golden age of gas," with gas production rising 50% over the next 25 years. What does this "golden age ... read more

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Shale not a miracle solution for Europe: think tank Shale oil and gas have had limited benefits for the US economy and their advantages for Europe will be even slimmer, a French think tank said Wednesday. ... more		Iraqi pipeline attacks raise fears of threat to oil Fifteen soldiers were killed this week guarding an oil pipeline in northern Iraq, the first assault to involve so many casualties amid concerns an al-Qaida insurgency in western Iraq is spreading to vital oil-producing regions. ... more		New Delhi orders probe on gas pricing New Delhi's government called for a criminal probe of charges against federal oil minister Veerappa Moily, Reliance Industries Ltd.'s Chairman and Managing Director Mukesh Ambani and others following complaints of irregularities in the pricing of natural gas in the Krishna-Godavari basin. ... more
				Kuwait awards $12 bn clean fuel project Kuwait National Petroleum Co said Monday it has awarded a $12-billion project to British, US and Japanese-led consortia to boost capacity at oil refineries and make production more environmentally friendly. ... more		Iran drawing up new contracts to attract oil majors Iran's oil ministry said Sunday it is preparing a new type of contract that would be more attractive to major oil companies in case of the lifting of international sanctions. ... more

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Drought threatens US fracking industry: study The two years of drought in the central United States is placing strains on the water-intense oil and gas fracking industry, according to a new study Wednesday. ... more		Tensions rise as Iraqi Kurds' oil flows to Turkey As Iraqi Kurdistan exports oil northward to Turkey through its own pipeline despite dire warnings from Baghdad about the consequences of such independent action, the prospect of a collision between Iraq's central government and the semiautonomous Kurds increases. ... 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		Iraqi Government Threatens Action Against Kurds as Oil Exports Set to Begin By. Nick Cunningham Iraq's Deputy Prime Minister for Energy Affairs firmly stated the central government will take action, "including fiscal measures," if Kurdistan begins exporting oil without com ... more
				South Africa to move ahead with shale gas exploration South Africa will move ahead "decisively" with the exploration of shale gas, the country's minerals minister said in Cape Town on Tuesday. ... more		US to advise Iraq on securing oil infrastructure The United States is to provide Iraq with technical support to help it secure its oil export infrastructure, which accounts for the lion's share of government revenues,officials said Wednesday. ... more

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Libya rebels say oil crisis can be resolved, but no end in sight Eastern separatists blockading three of Libya's oil export terminals say the six-month-old crisis crippling the country's energy industry could be resolved within weeks. But there's little sign of any breakthrough. ... more		Oil sands pollution two to three times higher than thought The amount of harmful pollutants released in the process of recovering oil from tar sands in western Canada is likely far higher than corporate interests say, university researchers said Monday. ... 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		Obama to visit Saudi Arabia in March: White House US President Barack Obama will travel to ally Saudi Arabia in March, following clear signs of disquiet in Riyadh about his Middle Eastern policies and nuclear talks with Iran. ... more
				Sinopec 'cooperating' in Hong Kong bribery probe Sinopec, China's biggest oil refiner, said Friday it is cooperating with a Hong Kong graft investigation after reports accused the company of bribery relating to its petrol stations in the city. ... more		Oil drops after tepid US, Chinese manufacturing data Oil prices slid Monday after weak manufacturing data in the United States and China fueled worries about demand in the world's two biggest oil consumers. ... more

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The Golden Age of Gas, Possibly: Interview with the IEA

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	Libya army has orders to end oil port blockades: PM Libyan Prime Minister Ali Zeidan said Monday he had ordered the army to lift the blockade imposed by protesters on the main oil terminals in the east of the country. ... more		Iraq criticises Kurds over oil 'grey area' Iraq's top minister responsible for energy affairs on Saturday criticised the autonomous Kurdish region's push towards exporting oil independently of Baghdad, calling it a grey area lacking in transparency. ... more		Study finds Mexico's energy reforms represent 'abundant opportunities' U.S. energy companies will benefit from "abundant opportunities" as a result of Mexico's energy reforms, a private economic analysis indicated. ... more		French trade delegation in Iran to boost business ties A French trade delegation arrived in Tehran Monday to try to restore business ties with Iran, ahead of a possible comprehensive nuclear deal between the Islamic republic and world powers. ... 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

Lebanon pols battle over energy ministry to control gasfields		French minister supports allowing 'clean' shale gas fracking		US says no major climate impact from Keystone pipeline		S. Korea cleans up after oil spill		Government retakes Machar's hometown, say South Sudan rebels
Market Disruptor: Nuclear Restarts Spells Trouble for LNG		Shell suspends drilling in Alaska as profits plunge		Czech Republic's MND plans move into gas distribution market		Putin: Russia won't rescind loans, gas price cuts for Ukraine		Iraq, Iran plot to challenge Saudi domination of OPEC

Norwegian oil worker unions pull out of offshore platform safety group

Kurds' oil deal with Turkey 'endangers Iraq's budget'

Arctic ruling a setback for Shell?

South Sudan agrees truce, but crisis not over yet

Australia on course for a shale boom?

US leg of controversial Canadian oil pipeline opens

Abbas 'seeks $1B deal with Russia on Gaza natural gas field

EU issues framework for shale gas exploitation

Iraq oil exports, revenues dip in 2013

Iran's oil minister to seek investment at Davos

New EPA Rule Requires Chemical Disclosure for Offshore Fracking

Ukraine sets back Gazprom profits by 10.5%

Shell to further scale down Australian operations?

EU wants common rules for shale gas 'fracking'

Norway to build modern icebreaker for oil, gas exploration in Arctic by 2016

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

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