Oil and Gas News

August 01, 2014

New catalyst converts carbon dioxide to fuel
Chicago IL (SPX) Aug 01, 2014
Scientists from the University of Illinois at Chicago have synthesized a catalyst that improves their system for converting waste carbon dioxide into syngas, a precursor of gasoline and other energy-rich products, bringing the process closer to commercial viability. Amin Salehi-Khojin, UIC professor of mechanical and industrial engineering, and his coworkers developed a unique two-step catalytic process that uses molybdenum disulfide and an ionic liquid to "reduce," or transfer electrons, to carbo ... read more

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Second quarter strong, but Shell's boss wants even more Though second quarter performance was better for Royal Dutch Shell, its top director said Thursday he wanted even better results going forward. ... more		Russian cries foul over latest ruling on Yukos The European court system was unfair in its ruling against defunct Russian oil company Yukos, the Russian Justice Ministry said Thursday. ... more		Oxy offsets overseas woes with U.S. success Occidental Petroleum Corp. said Thursday oil production from U.S. assets increased during the second quarter, marking a year-long streak. ... more
				.D. Gov. Dalrymple boasts of gas processing momentum An agreement from ONEOK Partners to build a natural gas processing plant in North Dakota helps the state reduce flaring, the state's governor said. ... more		Conoco looks to North America, Libya still out of service Conoco Phillips said Thursday it saw a strong growth in production from North American shale, but Libyan operations remained shut in for the company. ... more

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Rosneft signs drilling contract for North Atlantic waters Russian oil company Rosneft said it signed a $4.25 billion deal to secure drilling rigs from North Atlantic Drilling Ltd. for work in harsh offshore areas. ... more		Eni second quarter profits roughly double year-on-year Italian energy company Eni said Thursday it doubled its net profit during the second quarter despite a poor market environment in the European refining sector. ... 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		BG Group says Egyptian LNG operations at risk Only one cargo of liquefied natural gas left Egypt during the second quarter and the outlook for the rest of the year is grim, BG Group said Thursday. ... more
				API sets standards for offshore oil spill response The American Petroleum Institute said its new standard for equipment used in an emergency response to an oil spill resets the bar. ... more		Cuadrilla Resources rolls out public relations campaign British shale gas pioneer Cuadrilla Resources said Wednesday it's confident it can kick-start a new industry in the country in a safe manner. ... more

Hess to launch IPO to back Bakken ambitions Hess Corp. said Wednesday it would use a new corporate structure to support its growth objectives in the Bakken oil reserve area of North Dakota. ... more		Steps taken to cut methane leaks from gas sector The Sierra Club said Energy Department steps to reduce methane emissions tied to the natural gas sector are vital tools in the fight against climate change. ... 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		Kurdish government defends right to sell oil The federal government of Iraq can't win its claims in the U.S. court system against Kurdish oil exports, the Kurdish natural resources minister said Wednesday. ... more
Africa-focused Tullow upbeat despite second-quarter loss Tullow Oil said Wednesday it was in a good position to end 2014 on a high note because of strong production gains in Africa despite poor financial results. ... more		Rosneft may suspend some projects because of sanctions Russian oil company Rosneft said it may have to postpone some projects because of "volatility" associated with economic sanctions. ... more		Canadian newspaper says Alberta oil spill info delayed Files obtained from the Canadian government show there was a push to delay publication of information about an Alberta oil spill, a newspaper said. ... more		U.S. calls for information on reserve potential offshore Alaska The U.S. government said it was calling for information about the oil and natural gas resource potential in the Beaufort Sea off the northern coast of Alaska. ... more

	Zhou Yongkang: oil man whose well of power finally ran dry Embattled former top Communist Zhou Yongkang rose through China's state oil industry to become the country's internal security chief - and amassed so much power, according to analysts, that he brought about his own downfall. ... more		Norwegian oil production up 6 percent from May Total Norwegian production of oil and associated byproducts was 6 percent higher in June than the previous month, the government said Tuesday. ... 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

US ready to seize Kurdish oil from tanker off Texas		BP has strong second quarter, but worries over Russia		Inuit village sues to block oil surveys in Canada's Arctic		EU counts Algeria as No. 3 gas supplier		Libyan oil fire near Tripoli airport continues to burn
Mid-2015 before Iranian crude oil rebounds, analyst says		GAO: EPA lacks resources, rules to monitor fracking, water supply		Petrofac clinches $8.5 million Shah Deniz contract		UN takes aim at Islamist oil grab in Syria, Iraq		Optimism high for offshore Senegal

Iran says only it can carry oil to international markets

Europe wants more info on Natfogaz ties to Gazprom

British government bets on shale natural gas

Slovakian gas transit company says things OK in Ukraine

Statoil may trim as many as 1,400 jobs in cost saving effort

Japanese PM opens LatAm tour with Mexico energy deals

Iraq says 72.8 million barrels left the country last month

ONEOK investing to increase gas processing capacity

House leader calls on Washington to follow state energy lead

As Russia's Isolation Grows, Oil Companies Caught in Middle

Statoil makes debut in deep Colombian waters

Most NAFTA trade moves through pipelines, DOT says

EIA says oil, not natural gas, top source of Russian export revenue

North Dakota wonders if oil train proposals are workable

Iraq oil exports dip after jihadist offensive

European energy chief stumps for energy security plans

Greenpeace stages Chile protest over Shell-Lego deal

Gazprom wants long-term relationship with Kazakhstan

New Zealand solicits comments for draft oil spill response plan

TransCanada says Alberta pipeline will lay solid foundation

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