Oil and Gas News

July 04, 2014

Providence Resources starts Irish seismic surveys
Dublin, Ireland (UPI) Jun 30, 2013
Irish oil and gas explorer Providence Resources said Monday it started surveying operations off the Irish coast in the so-called Porcupine basin. The company started a 3D seismic survey of the Dromberg oil prospect in a basin located about 130 miles off the western coast of Ireland. Providence said in a statement the survey is one of the largest of its kind ever carried out in Irish waters. Providence gave no estimate of the reserve potential. There have been no commercial oil or ... read more

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Norway reports high energy activity in its offshore reserves The Norwegian government said Monday exploration activity on its continental shelf has been robust, with 13 discoveries made so far this year. ... more		MOL pays $130 million for six North Sea license areas Hungarian energy company MOL said it expanded its presence on the global exploration and production map with the purchase of North Sea acreage. ... more		Israeli gas export deal for Egypt reviewed Partners involved in the development of the Leviathan natural gas field off the coast of Israel said they were in talks with BG Group for exports to Egypt. ... more
				Gas prices could spike because of hurricanes in Gulf of Mexico Tropical storms in the Gulf of Mexico could put more pressure on gasoline prices than conflict in the Middle East, a petroleum analyst at GasBuddy.com said. ... more		Woodside Petroleum lands deal for U.S. LNG A Singapore subsidiary of Australian energy company Woodside Petroleum said Tuesday it signed a deal to secure liquefied natural gas from a facility in Texas. ... more

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Africa's oldest nature park counts on sustainability People living in and around Africa's oldest wildlife reserve - Virunga National Park - threatened by armed groups and oil prospectors, are pinning their hopes on sustainable development projects for energy, agriculture and tourism. ... more		Platts: China's apparent oil demand slumps Chinese oil demand declined slightly last month reflecting a general slowdown in the Chinese economy, an analysis of government data shows. ... more		Trump vows to relaunch Egypt-Ethiopia talks on dam row China's birth rate falls to lowest on record Chile police arrest suspect over deadly wildfires		Encana sells off Bighorn gas assets in Alberta for $1.8 billion The largest natural gas producer in Canada, Encana Corp., said Friday it was selling off some of its gas interests in Alberta to a counterpart for $1.8 billion. ... more
				ONGC said to be considering Russian pipelines A transnational pipeline from Russia though Kazakhstan to India could be on the table for India's energy company ONGC, a managing director said. ... more		Fire at Ohio shale well forces resident evacuations No injuries were reported when above-ground equipment at a shale reserve area caught fire in Monroe County, Ohio, Norwegian energy company Statoil said. ... more

Sanchez Energy closes on Eagle Ford shale deal Sanchez Energy Corp., a U.S. company focused on shale in the Gulf Coast region, said it made a strategic move by buying acreage in the Eagle Ford shale. ... more		Russia seeks UN ban on Syrian 'terrorist' oil sales Russia urged UN Security Council members Monday to back a draft statement to bar crude oil sales by "terrorist groups" in Syria, including as the Islamic State of Iraq and the Levant ... more		Elon Musk hints at buying Ryanair amid Starlink spat AST SpaceMobile secures role on MDA SHIELD defense architecture Slingshot to embed AI agent in US Space Force space warfare training		Iraq jihadists 'selling oil to Assad', says France French Foreign Minister Laurent Fabius said Monday that jihadists spearheading a militant offensive in Iraq have sold oil from captured areas to the regime of Syrian President Bashar al-Assad. ... more
Statoil postpones plans for Barents Sea oil field Norwegian energy company Statoil said Monday it was postponing a development decision for the multi-million barrel Johan Castberg reserve area. ... more		Consent given to start onshore construction of South Stream pipeline The consortium managing the planned South Stream natural gas pipeline said Tuesday it's been approved to start construction in Russian territory. ... more		Energy sector says New York shale ruling an economic blow A New York court decision to let cities and towns block hydraulic fracturing is a major blow to the industry, an advocacy group said. ... more		Fracking flowback could pollute groundwater with heavy metals The chemical makeup of wastewater generated by "hydrofracking" could cause the release of tiny particles in soils that often strongly bind heavy metals and pollutants, exacerbating the environmental ... more

	Another concern arises over groundwater contamination from fracking accidents The oil and gas extraction method known as hydraulic fracturing, or fracking, could potentially contribute more pollutants to groundwater than past research has suggested, according to a new study i ... more		U.S. gasoline prices bucking trend, moving higher U.S. retail gasoline prices should be high for much of July, bucking a seasonal trend, a spokesman for motor club AAA said. ... more

Greenland truce or Trump win? Davos "framework" pauses tariffs but not the takeover boasts

Greenlanders doubtful over Trump resolution

EU says ready to sign defence and security pact with India

Kurdish government tells Baghdad to back off on oil sales		Some Chinese workers evacuated in northern Iraq: reports		House passes measure they say would lower gasoline prices		Italian energy company Eni wades deeper into Vietnamese waters		Multi-agency pipeline safety panel set up in Michigan
Caltech-led team develops a geothermometer for methane formation		European natural gas supplies at winter levels, Gazprom says		Bill for more LNG exports passes with bipartisan support		U.S. imports of Saudi Arabian oil increased from last year		Global benefit of storing emergency oil outweighs costs, IEA finds

Senate leader says U.S. oil export policies out of date

Dalrymple: Pipeline capacity keeping relative pace with Bakken

Put South Stream gas pipeline on hold, EU tells Russia

Shale economic gains spreading, analyst says

Iran considers investments needed for small-scale LNG

OPEC offers assurances oil markets are stable

Italian energy company Eni expresses 'great interest' in Algeria

Austrian energy company OMV expects South Stream gas by 2106

Tanker loaded with Libyan crude finds its way to global market

Militants take control of Iraq's largest oil refinery

Kenya could find energy relief through domestic reserves, company says

Hungarian energy company MOL sees good chance of oil success at home

N. Zealand PM says rare dolphin oil fears 'mumbo jumbo'

Gas flows through damaged Ukrainian pipeline set for July

Russia and Serbia reaffirm need to implement South Stream project

Diamonds are an oil's best friend

Russia sees no evidence of gas theft in Ukraine

Labor issues force halt to oil work in Yemen

Spanish energy company Repsol makes giant Russian oil discoveries

Nine tankers loaded with oil slip track in Russia

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