Oil and Gas News

September 18, 2014

Wastewater injection is culprit for most quakes in Colorado and New Mexico
San Francisco CA (SPX) Sep 18, 2014
The deep injection of wastewater underground is responsible for the dramatic rise in the number of earthquakes in Colorado and New Mexico since 2001, according to a study to be published in the Bulletin of the Seismological Society of America (BSSA). The Raton Basin, which stretches from southern Colorado into northern New Mexico, was seismically quiet until shortly after major fluid injection began in 1999. Since 2001, there have been 16 magnitude > 3.8 earthquakes (including M 5.0 and 5.3), comp ... read more

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Assessing the environmental costs and benefits of fracking A strange thing happened on the way to dealing with climate change: Advances in hydraulic fracturing put trillions of dollars' worth of previously unreachable oil and natural gas within humanity's g ... more		Gas leaks from faulty wells linked to contamination in some groundwater A study has pinpointed the likely source of most natural gas contamination in drinking-water wells associated with hydraulic fracturing, and it's not the source many people may have feared. What's m ... more		Keystone XL would likely raise oil sands production and greenhouse gas emissions Approval of the Keystone XL pipeline (KXL) would likely increase oil sands extraction, according to 26 oil sands professionals and researchers surveyed by the non-profit organization Near Zero. The ... more
				Why Scotland would be better off staying in the UK Scots will be worse off if they vote for independence. It's not good economics and not much else is at stake. ... more		Polish shale proves fruitless for 3LegsResources 3Legs Resources, a company exploring the shale natural gas potential in Poland, said Wednesday it was giving up because of a lack of commercial prospects. ... more

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Gas prices in U.S. on pace for record decline Analyses from GasBuddy and AAA show U.S. retail gasoline prices are plummeting and could reach $3 per gallon in some markets by the end of the year. ... more		Energy sector needs stability no matter how Scotland votes Energy companies working in the North Sea need a sense of fiscal confidence no matter how the Scottish referendum turns out, Wood Mackenzie said Wednesday. ... 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		Gazprom pegs ties with Kiev to lingering debt The future relationship between Ukraine and natural gas company Gazprom depends on resolving lingering debt issues, the Russian company said. ... more
				Ukraine needs to observe gas contracts, Gazprom says Reliable natural gas deliveries to Europe depend largely on contractual issues in Ukraine, Russian energy company Gazprom said Tuesday. ... more		Contaminated water in 2 states linked to faulty shale gas wells Faulty well integrity, not hydraulic fracturing deep underground, is the primary cause of drinking water contamination from shale gas extraction in parts of Pennsylvania and Texas, according to a ne ... more

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

Islamic State's Ultimate Goal: Saudi Arabia's Oil Wells 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 ... more		Tate Modern called to come clean on ties to BP Tate Modern art gallery in London needs to come clean about its financial ties to British oil company BP, advocates said Monday. ... 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		Gov. Parnell frustrated by BP move in Alaska Alaska Gov. Sean Parnell said he was "extremely disappointed" with a decision by British energy company BP to cut its workforce in the state. ... more
OECD backs energy sentiments of slow growth On the heels of reports predicting low oil demand, a director at the OECD said from France the global economy was expanding at only a moderate pace. ... more		Oil output from Norway beats expectations Oil production from Norwegian territory in August was 10 percent higher than what was predicted, the Norwegian Petroleum Directorate said Tuesday. ... more		Study finds faulty gas wells, not drilling, pollutes water It's bad well design, not hydraulic fracturing itself, that's leading to contamination of drinking water, research led by Ohio State University finds. ... more		Kurdish government: Settle oil row at home Settling claims over which entity has the authority to sell Iraqi crude oil is a matter for the Iraqi courts, the Kurdistan Regional Government said. ... more

	Keystone XL needs recertification in South Dakota The company behind the planned Keystone XL oil pipeline said it had to re-apply for a construction permit in South Dakota because of approval delays. ... more		New EU energy and climate head sells oil shares The EU's incoming energy and climate commissioner said on Tuesday he is selling his shares in oil firms to avoid any conflict of interest ahead of a grilling by the European Parliament. ... 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

Technip secures engineering contract from BAPCO		China Sinopec unit to sell 30% stake		Shell assessing 'possible impact' of Russian sanctions		Kremlin suspends trilateral natural gas talks		Gas can't get to Iraq until security improves, Iran says
EU charts decrease in energy trade deficit		New York Times report on oil rubbish, Ankara says		Pipeline to Henry Hub closed after deadly accident		BP: No updates for hurricane threat in Gulf of Mexico		Gazprom Neft takes 1 millionth barrel from arctic field

$465 million contract for Aker Solutions in Brazil

Residual hydraulic fracturing water not a risk to groundwater

China Sinopec unit to sell 30% stake

Statoil sells offshore assets to Germany's Wintershall

Pemex working to wean itself from foreign tap

Head of Bakken player Continental pursuing 'other options'

DOT sued by advocates upset by oil train rules

Future of Sandpiper oil pipeline in Minnesota reviewed

Kuwait NBK to help finance mega oil project

Average for U.S. oil imports down 6.8 percent year-on-year

Kremlin: Oil on table, but Iranian nuclear energy tops agenda

IEA cuts oil demand outlook on weaker growth in Europe, China

Canadian crude oil exports in line with yearly average

Rosneft, other Russian energy companies in EU sights

China puts offshore reserve areas on auction block

API says more LNG exports needed for U.S. leverage

China, Russia to build seaport: report

U.S. assessing 'rumors' of Iran, Russia oil agreement

Gazprom pins high operating expenses on Ukraine

IEA sees oil demand slump on Europe, China slumps

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