Oil and Gas News

March 11, 2014

Libya intercepts tanker loaded with rebel oil
Benghazi, Libya (AFP) March 10, 2014
Libyan authorities said they intercepted a North Korean-flagged tanker Monday which had loaded crude from a rebel-held eastern port, as the conflict over the country's key petroleum revenues escalated. Former rebels calling for autonomy for the eastern Cyrenaica region have been blockading the port of Al-Sidra and other key eastern export terminals since July. But the North Korean-flagged Morning Glory, which docked in Al-Sidra on Saturday, was the first ship to take on crude from a rebel-held p ... read more

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New Spy Technology to Spawn Oil Revolution The future of oil exploration lies in new technology--from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs. ... more		Environmentalists warn of Spain oil-drilling Campaigners warned Thursday of environmental threats from new oil-prospecting projects off Spain's Balearic and Canary Islands, two major tourist destinations. ... more		Iceland environmentalists protest as China joins Arctic oil race An Icelandic environmental group poured cold water over the Arctic nation's dreams of becoming an oil-producer Wednesday, following the approval of a Chinese-led exploration bid off the country's north coast. ... more
				Chevron wins US case against $9.5 bn Ecuador fine A US judge Tuesday upheld Chevron's allegations that an Ecuadoran court decision ordering it to pay $9.5 billion for oil pollution in the Amazon jungle was fraudulently obtained. ... more		Nanotracer tester tells about wells A tabletop device invented at Rice University can tell how efficiently a nanoparticle would travel through a well and may provide a wealth of information for oil and gas producers. The device ... more

CubeSats, SmallSats and MicroSats

How Junior Companies Survive in the Exploration Wild by James Stafford of Oilprice.com Only the fittest can survive in today's market for junior oil and gas companies, which must demonstrate a great deal of ingenuity in the balancing of risk and rewa ... more		Swelling oil fund makes every Norwegian a millionaire A bumper 2013 for Norway's sovereign wealth fund, which invests surplus oil revenue, has made every Norwegian a virtual millionaire in kroner. ... 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		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
				Seismic testing for Atlantic oil and gas? The Obama administration has unveiled an environmental analysis that could pave the way for seismic testing for oil and gas in the Atlantic. ... 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

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

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