Oil and Gas News

September 15, 2014

Islamic State's Ultimate Goal: Saudi Arabia's Oil Wells
Washington DC (SPX) Sep 15, 2014
For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper it knew from the outset that it had no choice but to set its sights on the ultimate prize: the oil fields of Saudi Arabia. It is in that direction that the battle for control of the world's largest oil fields is currently heading. Islamic State - which has its origins in al-Qaeda - knows fully well that in order to sustain itself as a viable and l ... read more

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Residual hydraulic fracturing water not a risk to groundwater Hydraulic fracturing - fracking or hydrofracturing - raises many concerns about potential environmental impacts, especially water contamination. Currently, data show that the majority of water inj ... more		China Sinopec unit to sell 30% stake Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion, the company said, as the government pushes key economic reforms. ... more		Kuwait NBK to help finance mega oil project The National Bank of Kuwait's investment arm has been selected as exclusive financing adviser for a $12-billion clean fuel refineries project, the bank said in a statement on Sunday. ... more
				Statoil sells offshore assets to Germany's Wintershall Norwegian energy company Statoil said Friday it sold off some of its assets on the Norwegian continental shelf to its German counterpart, Wintershall. ... more		Pemex working to wean itself from foreign tap Mexico's state-run energy company said it's focusing on production of fuels at five domestic refineries in an effort to wean itself from imports. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Head of Bakken player Continental pursuing 'other options' The head of Continental Resources, the largest player in North Dakota shale, is leaving to pursue his options elsewhere, the company said. ... more		DOT sued by advocates upset by oil train rules Advocacy groups said they filed a lawsuit against the Department of Transportation for not responding to calls to pull crude oil rail cars out of service. ... 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		Future of Sandpiper oil pipeline in Minnesota reviewed The Minnesota Public Utilities Commission called on pipeline builder Enbridge Energy to examine new routes for its planned Sandpiper oil project. ... more
				Average for U.S. oil imports down 6.8 percent year-on-year The four-week average of crude oil imports into the United States is nearly 7 percent less than last year, the U.S. Energy Information Administration said. ... more		Kremlin: Oil on table, but Iranian nuclear energy tops agenda Though oil and gas are on the agenda, an aide to the Kremlin said work on nuclear energy was one of the more important issues during talks Friday with Iran. ... more

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

IEA cuts oil demand outlook on weaker growth in Europe, China The oil market has lost pace because of weak growth in Europe and slowdown in China, the IEA said on Thursday, cutting its estimates for demand. ... more		Canadian crude oil exports in line with yearly average Total crude oil exports from Canada in June were about 38,000 barrels per day less than the previous month, government data show, and on par with the average. ... 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		Rosneft, other Russian energy companies in EU sights New sanctions against the Russian energy sector entered into force Friday in response to continued aggression in Ukraine, the European Union declared. ... more
China puts offshore reserve areas on auction block China's state-owned oil company, CNOOC, announced the opening of bidding for 33 reserve areas off the Chinese coast, including South China Sea areas. ... more		API says more LNG exports needed for U.S. leverage Despite a nod for southern U.S. LNG exports, the application backlog needs clearing to strengthen U.S. leverage, the American Petroleum Institute said. ... more		China, Russia to build seaport: report China and Russia will build one of the largest ports in northeast Asia on Russia's Sea of Japan coast, reports said, in a further sign of the powerhouses' growing alliance. ... more		U.S. assessing 'rumors' of Iran, Russia oil agreement The U.S. government is taking a wait-and-see approach to the "rumors" of an oil-for-goods deal between Russia and Iran, a State Department spokesperson said. ... more

	Gazprom pins high operating expenses on Ukraine Russian energy company Gazprom said Thursday it attributed an increase in operating expenses to its account with Ukraine. ... more		IEA sees oil demand slump on Europe, China slumps The International Energy Agency said Thursday it cut its forecast for oil demand growth because of an economic slowdown in Europe and China. ... 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

Shale bid in British national park denied		Peace Action says oil funding cut may contain Islamic State		Gazprom Neft signs cooperation deal with Weatherford		Flint Hills settles with EPA over North Pole refinery fire		MIPT Specialists Study Burning of Kerosene
British gov't reviewing European gas crisis		New fast-track developments online for Statoil		Gasoline prices matching oil march lower		Scotland says 'yes' vote means more oil from North Sea		OPEC: More Libyan crude means lower oil prices

Kuwait Energy, Dragon Oil find oil in southern Iraq

McAuliffe: No fracking in George Washington National Forest

Lifting ban does little for U.S. oil imports, study finds

Alaska signs agreement to export LNG to Japan

U.S. proposes new rules for trains carrying oil

Few barriers to energy cooperation, Iran and Russia say

Oil groups spar over U.S. export policies

Deep water fundamental part of Shell's future

Agreement part of LNG development decision

Baker Hughes shows U.S. rig count up 5 percent from 2013

Oil drops on weak economic data from China, Japan

China sees huge benefits from lower oil prices

Iraq challenges Greek shipper of Kurdish oil in court

Jim Prentice dreams 'big' for Alberta as new premier

Iraqi power plant starts receiving Iranian natural gas

Genel Energy says security has improved in northern Iraq

Advocates rally against BP at Tate Modern in London

Russia's Novatek gets LNG export consent from Kremlin

Rosneft secured from sanctions with hefty loan

Iraq files motion to have oil from Kurdish tanker seized

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