Oil and Gas News

July 10, 2014

U.S. on pace to break 40-year oil production record
Washington (UPI) Jul 9, 2013
Expectations about total U.S. crude oil production for next year are the highest they've been in more than 40 years, the U.S. Energy Department said. The U.S. Energy Information Administration, the statistical arm of the Energy Department, said in its short-term market report, published Tuesday, total U.S. crude oil production averaged 7.4 million barrels per day last year and should level out at 8.4 million bpd for 2014. EIA said it expects that level to increase to 9.3 million bpd by n ... read more

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Gazprom subsidiary Centrgaz will build pipeline through Serbia Russian natural gas company Gazprom announced a Serbian subsidiary will be tasked with building the South Stream natural gas pipeline in the country. ... more		Industry says it's premature to declare Libyan oil victory Energy industry watchers said Wednesday optimism over the rebound of Libyan oil production should be tempered. ... more		Industrial groups call on Kerry to consent to Keystone XL Keystone XL has been studied longer than any other project of its kind and it's time to start construction, advocates told U.S. Secretary of State John Kerry. ... more
				Iran expecting Russian investments in gas sector Iran's deputy minister for gas affairs said Wednesday he was expecting Russia to start investing in the Iranian natural gas industry. ... more		Chevron leaves Lithuanian shale venture behind U.S. supermajor Chevron announced it has shut down its offices in Lithuania and sold off half of its interests in the country. ... more

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Federal and tribal energy sales on a steady decline, U.S. says A drop in offshore natural gas production is behind the decline in sales of fossil fuels derived from federal and tribal lands, the U.S. Energy Department said. ... more		Energy sector reform in Ukraine needed for more aid, EU says Energy sector reform in Ukraine is a condition for further financial support from the European Union, commissioner Stefan Fule said Tuesday from Brussels. ... 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		Algeria envisions joint energy efforts with Tanzania Algeria and Tanzania are in the advanced stage of talks regarding three separate energy projects, Algerian Energy Minister Youcef Yousfi said. ... more
				June banner month for U.S. natural gas production, Platts forecasters say June was a banner month for U.S. natural gas production from the Lower 48 states, a forecasting unit of Platts reported. ... more		Iraq risks ebbing from gasoline market, prices falling, AAA says Gasoline prices continue to be inflated because of conflict in Iraq but the market seems adjusted and pain at the pump is easing, motor club AAA said. ... more

Greenpeace blocks Chevron's Romanian shale gas site Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third attempt to scupper the drilling operations of US energy group Chevron. ... more		Maersk taking $1.7 billion loss on Brazilian energy buy Maersk Oil said Tuesday it was giving up on plans in Brazil after taking a $1.7 billion impairment on its assets there. ... more		DAMPE space telescope finds universal spectral feature that narrows field on cosmic ray origins ThinKom Develops Self-Funded Mobile HPM Weapon to Counter Drone Swarms Planet and Carbon Mapper Plan SWIR-Only Tanager Satellite for Wider Methane Detection		EU energy commissioner reviews future of shale natural gas Shale could eventually meet about 10 percent of the energy demand among European nations, European Energy Commissioner Gunther Oettinger said. ... 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

	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

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Top Chinese gaming companies continue to challenge

Statoil to increase recovery rate from Oseburg Ost field		Libyan interim prime minister says country's oil crisis is solved		Russian economy could be hurt by falling oil exports		Genel Energy says its oil work in Kurdish north of Iraq secure		Germany could outlaw fracking until 2021: ministers
Greenpeace says LEGO's relationship with Shell is troubling		Russia is a gas supplier of choice, Gazprom says		Oklahoma quake surge linked to gas wastewater wells		Senate Democrats want clarification of oil export laws		Fire at Ohio shale well forces resident evacuations

Sanchez Energy closes on Eagle Ford shale deal

Russia seeks UN ban on Syrian 'terrorist' oil sales

Providence Resources starts Irish seismic surveys

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

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