Oil and Gas News

August 21, 2014

Shale oil 'dividend' could pay for smaller carbon footprint
West Lafayette IN (SPX) Aug 21, 2014
Unanticipated economic benefits from the shale oil and gas boom could help offset the costs of substantially reducing the U.S.'s carbon footprint, Purdue agricultural economists say. Wally Tyner and Farzad Taheripour estimate that shale technologies annually provide an extra $302 billion to the U.S. economy relative to 2007, a yearly "dividend" that could continue for at least the next two decades, Tyner said. Using an economic model, they found that "spending" part of this dividend on slash ... read more

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Ukraine's Next Crisis? Economic Disaster Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector ... more		EPA on scene leading federal response to Ohio River spill The U.S. Environmental Protection Agency said it's serving as the federal coordinator for response to the Monday spill of diesel fuel into the Ohio River. ... more		Slovakia considers more work in Ukraine's gas sector Slovakia and Ukraine have laid the preliminary groundwork for a long future in the natural gas sector, the Slovakian minister of economy said from Kiev. ... more
				Wood Mac: Europe could take page from U.S. shale gas Europe may be on the cusp of developing a shale natural gas sector that could mimic the expansion in the United States, analysis from Wood Mackenzie finds. ... more		Iran seeks backers for small-scale LNG developments An Iranian official said Wednesday to expect a call to investors to help back the development of small-scale liquefied natural gas facilities in two months. ... more

CubeSats, SmallSats and MicroSats

Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Iran focusing on oil to turn economy around An economic adviser to Iranian President Hassan Rouhani said developing the oil and gas industries could pull the nation's economy back from the brink. ... more		Iran says gas production up 30 percent year-on-year Iran said Tuesday natural gas production is on the rise and on pace to reach 35 billion cubic feet in the next three years with help from the South Pars field. ... 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		Russia readies for construction of gas pipeline to China Construction on a natural gas pipeline meant to feed the Chinese market is set for the beginning of September, a Russia official said Tuesday. ... more
				Bulgaria suspends role in South Stream gas pipeline The Bulgarian government said it was suspending all actions related to the planned Russian natural gas pipeline, South Stream, because of European rules. ... more		Norway's leader on hand to open new North Sea oil platform Norwegian oil company Statoil said Tuesday the nation's prime minister attended a ceremony for the launch of its first new regional oil platform in nine years. ... more

Lukoil ships first batch of oil from Iraq's West Qurna field Russian oil company Lukoil said Tuesday a tanker loaded with crude oil taken from the West Qurna project in Iraq has left the southern port city of Basra. ... more		Cairn bold going forward but hurt so far Cairn Energy said Tuesday its development projects are funded through 2017 but cutting administrative costs means a reduction in its work force. ... 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		Gas from Slovakia sent to Ukraine in reverse-flow test The Ukrainian government confirmed Monday testing was under way for the reversal of gas flows from Slovakia to Ukraine. ... more
Apache says it's made major oil discovery offshore Australia U.S. energy explorer Apache Corp. said Monday it may have discovered one of the more promising finds in years in a basin off the coast of Australia. ... more		Rosneft, Statoil start work in 'harsh' arctic climate Russian oil company Rosneft said Monday it started an exploration program in the Barents Sea with Norwegian energy company Statoil. ... more		A new look at what's in 'fracking' fluids raises red flags As the oil and gas drilling technique called hydraulic fracturing (or "fracking") proliferates, a new study on the contents of the fluids involved in the process raises concerns about several ingred ... more		Foam favorable for oil extraction A Rice University laboratory has provided proof that foam may be the right stuff to maximize enhanced oil recovery (EOR). In tests, foam pumped into an experimental rig that mimicked the flow paths ... more

	Eni moving quickly on developing Gabon's gas reserves Italian energy company Eni said Monday it updated the government of Gabon on emerging commercial prospects of offshore natural gas reserves. ... more		China sidelining coal through more natural gas consumption China is making strides with its efforts to use more natural gas in place of coal, a report Monday from the U.S. Energy Information Administration 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

Pemex keeps grip on proven Mexican oil reserves		U.S. oil production gains can't support lower gasoline prices		Scotland: Economic prowess may lie in offshore reserves		Advocacy group questions Keystone XL data		Predicting fracking policy
MOL signs development plan for Kurdish energy		India on pace to run an energy deficit, EIA finds		CNPC vetting subsidiaries for corruption		Spain's Canary Islands fume over oil exploration		Huge turret sets sail for Shell's mega floating gas facility

Greenpeace advised against Barents Sea drilling

3Legs Resources ready for test production from Polish shale

Human Rights Watch wants Baku sidelined from EITI

Trilateral European talks to focus on energy security

Vitol forms downstream business entity in Australia

Production from Utica shale at healthy clip, EIA says

EU gas production in track to decline, Russian report says

New England heating fuel supplies bolstered

Oil services company Schlumberger latest to fret over Russia

U.S. on pace to approach record level of oil production

On balance, Germany energy company E.ON did well

French bank tasked with helping unload Citgo

China's oil imports account for more than half of supplies

Canada-US pipeline may spark more emissions than expected: study

ONGC Videsh signs production sharing contracts in Myanmar

Dalrymple leans on Washington for safer oil delivery

Economic rebound should cause oil demand to rise, IEA says

Difficult security situation in Yemen, Libya hurt OMV

Iran says erasing sanctions would provide global benefits

Moscow continues to cry foul over Yukos ruling

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