Oil and Gas News

October 08, 2014

Cairn announces major oil find offshore Senegal
Edinburgh, Scotland (UPI) Oct 7, 2014
Energy companies working off the coast of Senegal announced Tuesday a significant discovery of oil, with at least 250 million barrels in place. Cairn Energy and its consortium partners announced the discovery in the deep waters located about 60 miles off the coast of Senegal. "We have encountered a very substantial oil bearing interval which may have significant potential as a standalone discovery," Cairn Energy Chief Executive Officer Simon Thomson said in a statement. The Scotti ... read more

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Kiev says fair price for gas necessary Ukraine is ready to find a mutually acceptable solution to ensure the reliable transit of Russian natural gas, the country's prime minister said. ... more		Enbridge offers oil pipeline assurances to Michigan Michigan authorities said Canadian pipeline company Enbridge offered assurances two oil pipelines running under the Mackinac Straits are secured. ... more		Serbia: South Stream a matter between Russia and Brussels Matters governing the construction of the South Stream gas pipeline from Russia should be settled between the Kremlin and Brussels, a Serbian diplomat said. ... more
				Petronas watching Canadian LNG debate unfold Malaysian energy company Petronas said Tuesday it may have to suspend plans to develop a Canadian liquefied natural gas project because of fiscal uncertainty. ... more		Baker Hughes says U.S. rig count up 10 percent from 2013 The number of rigs exploring and developing land resources in the United States is up more than 10 percent year-on-year, Baker Hughes said Tuesday. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

NRDC poll finds most New Yorkers oppose fracking Those taking part in a survey commissioned by the Natural Resources Defense Council said they support a fracking ban in New York, the group said Tuesday. ... more		Cyprus suspends peace talks over Turkish gas threats Cyprus said Tuesday that it will not attend UN-led peace negotiations scheduled for this week in protest over Turkish moves to undermine the divided island's search for energy. ... more		Toxic homes a lasting legacy of Los Angeles fires 'Greatest con job ever': Trump trashes climate science at UN Turkey facing worst drought in over 50 years		Europe pulls back on oil sands designations European Union members are called on to choose low-carbon fuels over more polluting ones like oil sands under new fuel rules, a commissioner said Tuesday. ... more
				The World's 10 Biggest Energy Gluttons Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pi ... more		Chevron brings Kuwaiti partners to Canadian shale A portion of Canadian shale natural gas acreage was sold to a Kuwaiti energy company for $1.3 billion, the Canadian subsidiary of Chevron said Monday. ... more

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

Shale players Forest, Sabine close to tying knot The steps needed to become one of the premier players in the Eagle Ford shale play in Texas is nearly complete, Forest Oil and Sabine Oil and Gas said Monday. ... more		Ruble hits historic low against Western currency The value of the Russian ruble hit a historic low Monday when compared with U.S. and European currencies, the Russian Central Bank said. ... more		Western researchers support international collaboration for planetary defence NASA says on track to send astronauts around the Moon in 2026 Space: Framatome and ENEA sign MoU to explore advanced technological solutions for designing lunar nuclear fission reactors		Dutch grab of arctic oil angers Greenpeace Environmental advocacy group Greenpeace said it was frustrated the Dutch government was putting its oil interest above that of protecting the arctic. ... more
BG Group said Cairo paid off small portion of debt After receiving $350 million from the Egyptian government, British energy company BG Group said Monday the balance stands at around $1.2 billion. ... more		London sees few land value concerns with fracking There are few reasons to think advancing the shale natural gas agenda in the United Kingdom will hurt land values, a government spokesman said Monday. ... more		Report: Islamic State losing oil grip because of airstrikes Analysis of U.S.-led airstrikes on Islamic State targets in Iraq and Syria finds the group's ability to exploit oil for a source of revenue has been diminished. ... more		Nuland: Sanctions pain depends on Kremlin actions Sanctions targeting the Russian energy sector will be rolled back once the Kremlin addresses its obligations in Ukraine, a U.S. State Department official said. ... more

	Gasoline prices moving lower, following oil price trend With global crude oil prices plummeting, U.S. retail gasoline is following suit, though the bottom might not be reached until January, an analyst said. ... more		API: Oil, gas boom came despite White House efforts While welcoming a presidential address on the economy, the American Petroleum Institute said more stimulus could come as a result of less burdensome regulation. ... more

Taiwan running out of time for satellite communications, space chief tells AFP

US lawmaker warns of military 'misunderstanding' risk with China

Venezuela accuses US of waging 'undeclared war,' urges UN probe

Spain to pay 1.35 bn euros compensation for aborted gas project		Pemex brings Exxon into 'new Mexican oil market'		BP seeks review of ruling on 2010 oil spill		Egypt pays $1.4 billion to foreign oil and gas companies		Kiev: European energy crisis caused by Russia
Encana closes on sale of Bighorn oil and gas acreage		Greenpeace says Russian probe into Arctic 30 finally over		Norway prepping to open Barents Sea to energy explorers		Iran to discuss oil swaps with Russian investors		Gazprom Neft taps into shale oil deposit in Siberia

Mars rover methane-detecting technology adapted by gas company

API says its oil train proposals offer reasonable solution

Enbridge pipeline from Bakken play delayed by a year

British oil company says all hands on deck in Kurdish Iraq

EU calls in Kremlin to get serious about solving gas row

Baker Hughes reveals chemical components of fracking fluids

Exxon issues report on how it mitigates fracking risks

BP awards gas drilling contracts on Oman

Companies scrambling to tap into Algerian oil and gas

Fracking drives decline in emissions, EPA finds

AAA credits shale boom with general decline in gas prices

Gas deal depends on Ukraine, Russian energy minister says

Spain's Enagas joins Trans Adriatic Pipeline consortium

Sakhalin-1 program in Russia's Far East shielded, Exxon says

Cove Point liquefied natural gas export decision draws fire

Magellan, Oxy start new Texas shale oil pipeline

More than $1 trillion needed to keep offshore Britain alive

Kurdish leader vows action against Islamic State oil smuggling

French envoy feted by Iraqi Oil Ministry

Gulfsands Petroleum says operations in Syria are safe

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