Oil and Gas News

March 03, 2014

Swelling oil fund makes every Norwegian a millionaire
Oslo (AFP) Feb 28, 2014
A bumper 2013 for Norway's sovereign wealth fund, which invests surplus oil revenue, has made every Norwegian a virtual millionaire in kroner. After posting its second best year, Norway's so-called "oil fund" - the world's largest - signalled a shift away from fossil fuels, notably over environmental concerns. The fund's market value rose $200 billion last year to top 5 trillion kroner, according to figures released by the central bank on Friday. That almost makes every single one of the N ... read more

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Iraq oil exports hit 25-year high in February: minister Iraq exported 2.8 million barrels of oil per day in February, a top minister said Saturday, a sharp month-on-month gain and the highest such figure in at least a quarter-century. ... more		Iraq: 'This is war,' say Kurds in oil fight with Baghdad Prime Minister Nouri al-Maliki's dispute with Iraq's Kurdish minority over its independent oil exports has escalated with the central government blocking Kurdistan's share of the state budget and banning two airlines that operate between Europe and the Kurds' semiautonomous northern enclave. ... more		ExxonMobil chief, neighbors sue over fracking concerns ExxonMobil chief executive Rex Tillerson has been a zealous advocate of the US shale boom and the controversial use of "fracking," but not when it hits too close to home. ... more
				New trouble sends Libya's oil production nosediving again Libya's oil production has tumbled to about 230,000 barrels per day after armed groups shut down the el-Sharara oil field in the Murzuq desert in the southwest, adding to a crippling seven-month oil crisis centered in the rebellious east. ... more		Australia's LNG exports face competition from U.S. The United States is emerging as a major competitor to Australia's gas export market, says a former U.S. Department of Energy official. ... more

CubeSats, SmallSats and MicroSats

Boundless Natural Gas, Boundless Opportunities The Energy Information Agency (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is e ... more		'Greener' aerogel technology holds potential for oil and chemical clean-up Cleaning up oil spills and metal contaminates in a low-impact, sustainable and inexpensive manner remains a challenge for companies and governments globally. But a group of researchers at the Univer ... more		NASA ISRO radar satellite beams first Earth images from space Morocco High Atlas whistle language strives for survival China warns Papua New Guinea over Australian defence deal		Kerry stays mum on Keystone pipeline deliberations US Secretary of State John Kerry Wednesday refused to give away any hint on whether he will approve a controversial Canada to US oil pipeline, saying he was intensely studying the plan. ... more
				Nigeria's president ditches bank chief who triggered $50B oil scandal An explosive scandal over oil revenues in Nigeria has gone toxic, with President Goodluck Jonathan suspending the Central Bank governor who blew the whistle on $50 billion allegedly missing from state coffers, and accusing him of "financial recklessness." ... more		Shell sells Aussie refinery, gas stations Shell has agreed to sell its downstream business in Australia - including the Geelong refinery and its 870 gas stations - to Vitol, the world's largest independent energy trader. ... more

Developing the Next-Generation Military Radar while Maintaining Current Systems; IDGA�s Military Radar Summit - April 2014

International Conference on Protection of Materials and Structures From Space Environment

Nuclear Supply Chain Summit - April 28-29 Greenville SC

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

US judge blocks Keystone pipeline route in Nebraska The controversial Keystone XL pipeline met with another hurdle Wednesday when a Nebraska judge ruled that a state law granting approval to a proposed route was unconstitutional, court records showed. ... more		Israel has $500M gas deal with Jordan, but wider exports still unclear Israel has signed its first gas export deal, selling gas worth $500 million to Arab peace partner Jordan, but debate is still unresolved on whether the Jewish state will export the bulk of its gas via undersea pipeline or by tanker as liquefied natural gas. ... more		Collision of equal sized bodies may explain Mercurys unique composition Gravitino emerges as contender in dark matter search Molecular 'fossils' offer microscopic clues to the origins of life - but they take care to interpret		Study on Methane Emissions from Natural Gas Systems Indicates New Priorities A new study published in the journal Science says that the total impact of switching to natural gas depends heavily on leakage of methane (CH4) during the natural gas life cycle, and suggests that m ... more
				Iraq oil exports down in January: ministry Iraq's oil exports fell in January compared to the month before due to bad weather and sabotage by militants, the oil ministry said on Wednesday. ... more		Nigeria: State oil company to be probed over '$20B subsidy racket' Nigeria is to carry out a forensic audit of the state oil company over an alleged $20 billion subsidy racket that officials say may help explain what happened to $50 billion in oil revenues that the governor of the central bank says is missing. ... more

US moves ahead on massive Africa power bid

Renewable Generation up 30% Last Week as Gas Consumption Plummets 35%

US moves ahead on massive Africa power bid

Saft to supply lithium-ion batteries to power US military satellite

Swelling oil fund makes every Norwegian a millionaire

ExxonMobil chief, neighbors sue over fracking concerns

Team converts sugarcane to a cold-tolerant, oil-producing crop

Pond-dwelling powerhouse's genome points to its biofuel potential

Sustainable use of energy wood resources shows potential in North-West Russia

Hundreds protest dropped charges over Fukushima crisis

Radiation affects 13 US nuclear plant employees

Obama approves Vietnam nuclear deal

	America's natural gas system is leaky and in need of a fix The first thorough comparison of evidence for natural gas system leaks confirms that organizations including the Environmental Protection Agency (EPA) have underestimated U.S. methane emissions gene ... more		Iran battles pollution with 'clean petrol': reports Iran is turning to environmentally friendly Euro-4 emissions standard petrol in major cities to battle worsening air pollution which claims thousands of lives every year, media reports said Monday. ... more		Euro Parliament panel exempts shale gas from beefed-up rules Backers of shale gas scored a victory this week when a European Parliament committee exempted the industry from beefed-up environmental impact assessments. ... more		Quebec plans oil exploration program Quebec plans to partner with private sector interests in an oil exploration program on Anticosti Island in the Canadian province. ... more

EU states to hold talks on 'drone wall' to protect bloc

Denmark military intel fails to identify source of drone flights

Lithuania eases rules on shooting down drones

Methane leaks far higher than US estimates: study		Minister claims Lebanon faces 'conspiracy' over gas fields		Quebec opens up untamed Anticosti to oil exploration		The Golden Age of Gas, Possibly: Interview with the IEA		Shale not a miracle solution for Europe: think tank
Iraqi pipeline attacks raise fears of threat to oil		New Delhi orders probe on gas pricing		Iran drawing up new contracts to attract oil majors		Kuwait awards $12 bn clean fuel project		Drought threatens US fracking industry: study

Tensions rise as Iraqi Kurds' oil flows to Turkey

Iraqi Government Threatens Action Against Kurds as Oil Exports Set to Begin

South Africa to move ahead with shale gas exploration

US to advise Iraq on securing oil infrastructure

Libya rebels say oil crisis can be resolved, but no end in sight

Oil sands pollution two to three times higher than thought

Obama to visit Saudi Arabia in March: White House

Sinopec 'cooperating' in Hong Kong bribery probe

Oil drops after tepid US, Chinese manufacturing data

Libya army has orders to end oil port blockades: PM

Iraq criticises Kurds over oil 'grey area'

Study finds Mexico's energy reforms represent 'abundant opportunities'

French trade delegation in Iran to boost business ties

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

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