Oil and Gas News

July 11, 2014

Maverick Synfuels and Petrostar Form Maverick Northstar JV
Raleigh NC (SPX) Jul 11, 2014
Maverick Synfuels and Petrostar Petroleum have announced the formation of Maverick Northstar, a joint venture to facilitate the deployment and operation of gas-to-liquids (GTL) technology in the Canadian Provinces of Alberta, British Columbia and Saskatchewan. The small-scale modular plants will utilize and promote technology that converts a methane-rich feedstock, such as natural gas, flare gas and biogas, into high-quality methanol, which offers new possibilities for synthetic chemicals and fuel ... read more

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Oklahoma quakes induced by wastewater injection The dramatic increase in earthquakes in central Oklahoma since 2009 is likely attributable to subsurface wastewater injection at just a handful of disposal wells, finds a new study to be published i ... more		Gas exports, aid takes centre-stage as Abe visits PNG Japanese Prime Minister Shinzo Abe arrived in Papua New Guinea Thursday and pledged to continue financial support for the Pacific nation, which is emerging as an important energy source for his country. ... more		Permian beats Bakken as top oil production shale basin The Permian shale basin in the southern United States is the most prolific with output topping 1.3 million barrels per day, the Energy Department said. ... more
				OPEC expecting uptick in global economy The Organization of Petroleum Exporting Counties said Thursday it expected the world will need more oil because of improvements in the global economy. ... more		Kurdish government of Iraq says it will take legal action against oil buyers The Kurdish government of Iraq said it may take legal action against any entity buying oil from the federal government because of constitutional issues. ... more

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Gazprom Chairman Alexei Miller leads delegation to Croatia Russian energy company Gazprom said it was considering more exploration work in Croatia, a host of the planned South Stream natural gas pipeline. ... more		Scientists say BP oil spill to blame for fish lesions in Gulf Fish in the Gulf of Mexico have suffered skin lesions as a result of spilled crude oil, say scientists from the University of South Florida who, for the last four years, have been monitoring the effects of the 2010 Deepwater Horizon oil spill on the health of area fish. ... 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		U.S. on pace to break 40-year oil production record 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. ... more
				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		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		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
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		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		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

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

Greenpeace blocks Chevron's Romanian shale gas site		Maersk taking $1.7 billion loss on Brazilian energy buy		Libyan oil export terminals ready to reopen		Kurdish operations unaffected by Iraqi violence, Oryx Petroelum says		Iran's oil tanker company declares win with sanctions ruling
Harper: Collective efforts showing results one year after Lac-Megantic wreck		Investment outlook good for Turkish sea port, Ceyhan		Total makes strong move in the West of Shetland area		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

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