Oil and Gas News

September 21, 2014

Eni announces significant oil discovery in Ecuador
Milan, Italy (UPI) Sep 18, 2014
Italian energy company Eni said Thursday it made an oil discovery in Ecuador that could hold as much as 300 million barrels in place. Eni announced the discovery at the Olgan-2 exploration well. Drilling encountered a 236-foot column of crude oil and initial production tests yielded a flow rate of 1,100 barrels of oil per day. "Early estimates suggest that the Oglan discovery potentially contains about 300 million barrels of oil in place," the company said in a statement. Ecuador ... read more

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European lawmakers call for South Stream scrub Members of the European Parliament passed a resolution Thursday calling for the cancellation of contracts for Russia's planned South Stream gas pipeline. ... more		Business confidence in Russia waning, European bank says Sanctions imposed in response to the situation in eastern Ukraine have resulted in a loss of business confidence in Russia, a European bank said Thursday. ... more		Maine gets gas pipeline proposal from Kinder Morgan Pipeline company Kinder Morgan announced it filed a proposal with authorities in Maine to expand natural gas capacity for the state. ... more
				U.S. oil production for week ending Sept. 13 up 10 percent U.S. crude oil production for the second week in September was more than 10 percent higher than the previous year, government data show. ... more		Scotland sees 'huge' oil potential through independence A "yes" vote in Thursday's referendum will translate to vast oil wealth for an independent Scotland, the Scottish energy minister said as voting gets under way. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Iraq says oil exports from southern ports down slightly Oil exports from the southern Iraqi port cities were 73.6 million barrels for August, the Iraqi Ministry of Oil declared Thursday. ... more		Former exploration leader now COO of Bakken player Continental Bakken oil player Continental Resources appointed an exploration director as its new president after former boss Rick Bott resigned to pursue other interests. ... more		Heavy snow in US strands drivers in 100-vehicle crash Chile wildfires rage for third day, entire towns wiped out Death toll from floods rises in Mozambique, South Africa		China expects shale to account for 20 percent of gas output Though off to a slow start, the Chinese government said it expected gas production from shale will eventually make up about 20 percent of total output. ... more
				Offshore Egypt 'promising,' RWE Dea says German energy company RWE Dea said it won the rights to explore two areas off the coast of Egypt it says will provide "promising opportunities." ... more		Pakistan gets ADB backing for energy reforms The Asian Development Bank stands behind an energy overhaul in Pakistan, though Islamabad needs to do its part to shore up financing, the ADB president said. ... more

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

Wastewater injection is culprit for most quakes in Colorado and New Mexico 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 Bull ... more		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		Geomagnetic storm to bring northern lights to central US Interstellar raises major Series F funding to expand launch and satellite business Atomic 6 debris shields selected for Portal Space Systems mission		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		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		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

Almost half of Kyiv without heat, power, after Russian attack

Denmark proposes NATO surveillance mission for Greenland

Military aircraft to arrive in Greenland for 'long-planned' activities: US-Canadian command

Tate Modern called to come clean on ties to BP		Gov. Parnell frustrated by BP move in Alaska		OECD backs energy sentiments of slow growth		Oil output from Norway beats expectations		Study finds faulty gas wells, not drilling, pollutes water
Kurdish government: Settle oil row at home		Keystone XL needs recertification in South Dakota		New EU energy and climate head sells oil shares		Technip secures engineering contract from BAPCO		Ukraine needs to observe gas contracts, Gazprom says

Contaminated water in 2 states linked to faulty shale gas wells

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

Islamic State's Ultimate Goal: Saudi Arabia's Oil Wells

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

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