Oil and Gas News

July 08, 2014

EU energy commissioner reviews future of shale natural gas
Berlin (UPI) Jul 7, 2013
Shale could eventually meet about 10 percent of the energy demand among European nations, European Energy Commissioner Gunther Oettinger said. Oettinger said companies with reservations about hydrualic fracturing, the controversial drilling practice dubbed fracking, should keep all options on the table. "I estimate that Europe has the potential to secure about a tenth of our needs this way in the long term," he said Sunday. Some countries in Eastern Europe are examining their shal ... read more

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Russian economy could be hurt by falling oil exports An anticipated drop in oil production by 2016 is expected to hurt the Russian economy, the Russian Finance Ministry said Monday. ... more		Libyan oil export terminals ready to reopen More than half of Libya's oil export potential may be back online after rebel forces handed over control of two key ports, the Libyan National Oil Co. said. ... more		Kurdish operations unaffected by Iraqi violence, Oryx Petroelum says Canadian energy company Oryx Petroleum said Monday its operations in the Kurdish north of Iraq were unaffected by violence in the rest of the country. ... more
				Iran's oil tanker company declares win with sanctions ruling The company transporting Iranian crude oil to export markets should return to the European stage following an EU court decision last week, its director said. ... more		Harper: Collective efforts showing results one year after Lac-Megantic wreck Canadian Prime Minister Stephen Harper said all Canadians have coordinated their efforts to respond to last year's deadly derailment in Lac-Megantic, Quebec. ... more

CubeSats, SmallSats and MicroSats

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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Investment outlook good for Turkish sea port, Ceyhan The Turkish sea port of Ceyhan has a bright future as a regional hub for Caspian and Iraqi oil, a Turkish business representative said Monday. ... more		Total makes strong move in the West of Shetland area French energy company Total said Thursday it set up a solid foundation in the West of Shetland area with new development decisions. ... 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		Statoil to increase recovery rate from Oseburg Ost field Norwegian energy company Statoil said Thursday it expects to extend the lifespan of its offshore Oseburg Ost field with a new drilling campaign next year. ... more
				Libyan interim prime minister says country's oil crisis is solved The Libyan government has regained control over two key oil terminals in the east of the country, the acting prime minister said. ... more		Genel Energy says its oil work in Kurdish north of Iraq secure Turkish energy company Genel Energy said Thursday its oil operations in the Kurdish region of northern Iraq are "safe and secure." ... more

Germany could outlaw fracking until 2021: ministers Germany could ban fracking until at least 2021 and strictly regulate the use of any such technology in future under policy proposals drawn up by the economy and environment ministers. ... more		Greenpeace says LEGO's relationship with Shell is troubling Advocacy group Greenpeace International took a swipe Tuesday at LEGO for putting the logo of Royal Dutch Shell on its children's toys. ... 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		Russia is a gas supplier of choice, Gazprom says Foreign consumers continue to turn to Russia as the natural gas supplier of choice, the chairman of Russian energy company Gazprom said. ... more
Oklahoma quake surge linked to gas wastewater wells The saline wastewater - a byproduct of the oil and gas industry - that's injected deep into the ground under intense pressure and high rates of speed, is responsible for the surge of earthquakes in Oklahoma, according to a new study published this week in Science Magazine. ... more		Senate Democrats want clarification of oil export laws There may have been some violations of the ban on crude oil exports from the United States, two Democratic senators told the Commerce Department. ... 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		Providence Resources starts Irish seismic surveys Irish oil and gas explorer Providence Resources said Monday it started surveying operations off the Irish coast in the so-called Porcupine basin. ... 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

Iraq jihadists 'selling oil to Assad', says France		Norway reports high energy activity in its offshore reserves		Statoil postpones plans for Barents Sea oil field		Consent given to start onshore construction of South Stream pipeline		Energy sector says New York shale ruling an economic blow
MOL pays $130 million for six North Sea license areas		Israeli gas export deal for Egypt reviewed		Gas prices could spike because of hurricanes in Gulf of Mexico		Woodside Petroleum lands deal for U.S. LNG		Africa's oldest nature park counts on sustainability

Platts: China's apparent oil demand slumps

Encana sells off Bighorn gas assets in Alberta for $1.8 billion

ONGC said to be considering Russian pipelines

Fracking flowback could pollute groundwater with heavy metals

Another concern arises over groundwater contamination from fracking accidents

U.S. gasoline prices bucking trend, moving higher

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

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