Oil and Gas News

June 16, 2014

Scientists identify Deepwater Horizon Oil on shore years later
Boothbay ME (SPX) Jun 16, 2014
Years after the 2010 Deepwater Horizon Oil spill, oil continues to wash ashore as oil-soaked "sand patties," persists in salt marshes abutting the Gulf of Mexico, and questions remain about how much oil has been deposited on the seafloor. Scientists from Woods Hole Oceanographic Institution and Bigelow Laboratory for Ocean Sciences have developed a unique way to fingerprint oil, even after most of it has degraded, and to assess how it changes over time. Researchers refined methods typically used t ... read more

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Oil and gas disruptions from hurricanes could be higher than last year Oil and natural gas disruptions from hurricane activity in the Gulf of Mexico may be much higher than last year, the U.S. Energy Department said Thursday. ... more		Most non-OPEC oil supplies coming from the United States U.S. oil production should be the main driver of growth outside members of the Organization of Petroleum Exporting Countries, the Energy Department said. ... more		China emerges as new energy 'center of gravity' China's demand for oil and natural gas will be unrivaled within the next two decades, analysis from Wood Mackenzie finds. ... more
				British oil company unfazed by violence gripping Iraq Production from the Shaikan oil field in the Kurdish north of Iraq should be at 40,000 barrels per day by year's end, Gulf Keystone Petroleum said Friday. ... more		Are Quebecers irrationally opposed to shale gas? Quebecers are particularly hostile toward the development of shale gas, but this aversion is driven less by 'not in my backyard' (NIMBY) attitudes than 'not in anyone's backyard (NIABY), according t ... more

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Paris-based energy agency sees more oil coming from outside OPEC The Paris-based International Energy Agency said Friday global oil supplies rose largely because of output from countries outside of OPEC. ... more		Norway's Statoil says even a robust renewable energy sector falls short The chief economist at Norwegian energy company Statoil said Friday renewable energy won't be able to satisfy global energy demands. ... 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		Seven dead, one injured in Mexican platform accident Seven workers are confirmed dead and one is injured in an accident at a drilling platform off the Mexican coast, construction company Empresas ICA said. ... more
				Russia holds off on further gas talks with EU, Ukraine With a payment deadline looming, a Kremlin spokesman said Russia would sit on the sidelines Friday of talks on gas debt issues with Ukraine. ... more		Beijing accuses Vietnam of ramming vessels over 1,500 times China on Friday said that Vietnamese ships have rammed its vessels more than 1,500 times since early last month, as the two countries increasingly trade accusations over a South China Sea territorial dispute. ... more

Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

Obama's Climate Plan Is Leaking Methane The Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30 percent will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requ ... more		New research shows Western Amazon under threat from oil pollution A new study of pollution records indicates that the Western Amazon, an area of unparalleled biological and cultural diversity, may have been contaminated by widespread oil pollution over a 30-year p ... 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		Offshore prospect in Angola to be Total's 'most prolific' French energy company Total said Thursday its latest operations off the coast of Angola could yield a production rate of 700,000 barrels per day. ... more
OPEC predicts world may need less of its oil in 2014 The Organization of Petroleum Exporting Countries said Thursday it expects the global economy in 2014 will need less of its crude oil than it did last year. ... more		British government approves development of North Sea oil field British energy company Premier Oil said Thursday it received consent to develop a North Sea oil field expected to produce 50,000 barrels per day at its peak. ... more		Kurds take Iraq's Kirkuk, bomb targets minister Kurdish forces took control of the disputed Iraqi oil hub of Kirkuk on Thursday to protect it from jihadists, after which a bomb targeted a Kurdish security minister, officials said. ... more		Gazprom holds off on making Ukraine pay in advance for natural gas Russian energy company Gazprom said it was delaying a move to force Ukraine to pay in advance for gas because of the intensity of contractual negotiations. ... more

	Economy in shale oil state North Dakota outpacing nation The economy in North Dakota, the state at the heart of the U.S. oil boom, is growing faster than all other states, Gov. Jack Dalrymple said. ... more		China disputes Vietnamese claims about oil rig under military escort Vietnamese claims a Chinese oil rig in disputed waters near the Xisha Islands is under military escort are wrong, a Chinese foreign ministry spokeswoman said. ... 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

OECD urges Canada to hike oil sands taxes		Soco, WWF strike deal to halt oil drive in Africa's oldest park		Australia, U.S. and Canada to dominate future LNG markets		EIA says summer average price per gallon higher than last year's		BP uses unmanned aerial system for exploration
U.S. State Department says Iraqi oil sales forbidden without Baghdad's consent		Libyan envoy to OPEC says oil production could more than double		Top OPEC delegate says oil group can't keep markets stable by itself		China set for 'Golden Age' of natural gas		China wants to set record straight on oil rig dispute

Ukraine increases gas storage by 7 percent from start of June

Canada expecting less oil production by 2030 than previously thought

MOL finds oil in area of Pakistan thought to contain 22 million barrels

Second tanker, United Emblem, left Turkish port loaded with Kurdish oil

Irish company Circle Oil drills its first offshore well in Tunisia

Eni strikes deal to acquire stake offshore South Africa

Caspian operator says management structure changing at one of world's biggest oil fields

Iran claims 4mbpd oil output possible if sanctions lifted

Moscow seeks clarification on new gas pipeline planned for Europe

Nigeria views Europe as a good market for natural gas

Moroccan port authorities told tanker with Kurdish oil to leave their waters

US top court turns down BP bid to halt oil spill payouts

Lundin Petroleum, which spent big on exploration this year, dinged again

Libyan oil production below 200,000 barrels per day

Iran wants to produce 5.7 million barrels of oil per day within three years

Canadian Law Makes It Cheaper To Prevent Oil Sands Leaks Than Clean Them Up

Ukraine, Russia launch crisis talks on gas, insurgency

Vietnam airs video of Chinese ship ramming fishing boat

British energy minister, Queen Elizabeth question shale's role in energy mix

Phillips 66 buys what it says is the largest oil storage facility in its portfolio

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