Oil and Gas News

October 28, 2014

Where Did All the Oil Go
Santa Barbara CA (SPX) Oct 28, 2014
Due to the environmental disaster's unprecedented scope, assessing the damage caused by the 2010 Deepwater Horizon spill in the Gulf of Mexico has been a challenge. One unsolved puzzle is the location of 2 million barrels of submerged oil thought to be trapped in the deep ocean. UC Santa Barbara's David Valentine and colleagues from the Woods Hole Oceanographic Institute (WHOI) and UC Irvine have been able to describe the path the oil followed to create a footprint on the deep ocean floor. The fin ... read more

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Abducted Chinese worker freed in Sudan: minister Sudan's security forces have freed a Chinese worker abducted last week in the conflict-hit West Kordofan region, the oil minister said on Friday. ... more		Spain's Repsol makes major oil find in Gulf of Mexico Spanish energy company Respol said Monday it made what it said was a significant discovery of oil in the U.S. waters of the Gulf of Mexico. ... more		South Korean company takes stake in Oklahoma shale basin U.S. shale player Continental Resources said Monday it has signed a deal with a South Korean company to develop its gas assets in Oklahoma. ... more
				Goldman forecast erases momentum from oil markets While the European economy should be able to survive another crisis, a grim forecast Monday from Goldman Sachs pushed oil prices downward. ... more		Eni says new gas find off Indonesia good for LNG hopes Italian energy company Eni said Monday there may be as much as 1.3 trillion cubic feet of natural gas at an exploration prospect off the Indonesian coast. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Citgo no longer for sale, Venezuelan minister says Venezuela's finance minister said the government has shelved plans to sell off the U.S. subsidiary of state oil company Petroleos de Venezuela. ... more		China oil demand near decade high for September Despite an economic slowdown, Chinese government data show oil demand is at one of the highest levels in nearly a decade. ... 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		OMV, Exxon start drilling in Romanian waters of Black Sea Austrian energy company OMV and U.S. counterpart, Exxon Mobil, said Monday drilling started into a new reserve prospect off the Romanian coast. ... more
				IHS: Islamic State financing war campaign with oil Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. ... more		Iranian economy tied too hard to oil, commissioner says The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. ... more

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

Waste, an alternative source of energy to petroleum The group led by Martin Olazar, researcher in the UPV/EHU's Department of Chemical Engineering, is studying the development of sustainable refineries where it is possible to produce fuels and raw ma ... more		Oklahoma rising as oil state, Continental Resources says The Springer reserve area in Oklahoma is emerging as one of the premier oil basins in the region, Continental Resources said Thursday. ... 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		U.S. producers form lobby to call for end to oil export ban Lifting a crude oil export ban will drive prices down at home while increasing U.S. leverage overseas, an adviser advocating on behalf of oil producers said. ... more
Brent, WTI can't do repeat performance Brent crude oil prices for December delivery were unable to maintain momentum Friday, with the international benchmark falling off around $1 per barrel. ... more		Wood Mac sees U.S. on its way to energy independence The United States is on the path to energy independence because it's producing more reserves than it consumes, analysis from Wood Mackenzie finds. ... more		Low Oil Prices Hurting U.S. Shale Operations Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services f ... more		Ground broken for Cameron LNG plant in Louisiana Construction began in Louisiana on a plant cleared to export around 1.7 billion cubic feet of U.S. natural gas per day, joint venture partners said. ... more

	Lancashire needs more time to mull Cuadrilla frack plans Planners in the British county of Lancashire said they needed more time to consider drilling plans from shale pioneer Cuadrilla Resources. ... more		An effective, cost-saving way to detect natural gas pipeline leaks Major leaks from oil and gas pipelines have led to home evacuations, explosions, millions of dollars in lawsuit payouts and valuable natural resources escaping into the air, ground and water. ... 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

3 dead in platform collapse in the Caspian Sea		Spain defends Canaries oil drilling plan		Brent crude continues rally on Chinese economic data		Getting the salt out		ADS and Spectrum Geo produce oil seep and seismic study of Adriatic
First ever oil find in Paraguay lifts President Energy shares		WTI fights off $80 per barrel mark		Shell assessing gas discovery off the Gabonese coast		Alaska unlocks oil and gas leases near dispute ANWR border		New oil field declared in North Sea by BG, GDF Suez

NDRC finds Californians at risk from oil and gas

Amid gas talks, Kremlin faults West over Ukrainian tensions

Total tries to fill chasm left by Christophe de Margerie

Think beyond oil in ISIS campaign, advocacy group says

Rosneft, Gazprom tasked for arctic energy exploration

Driver, ground crew probed in de Margerie death

Russia, EU hold bilateral energy talks on Ukrainian issue

Crude oil prices showing signs of rebound in Tuesday trading

Irish government drawing interest to offshore reserves

Oil discovery declared by Statoil in North Sea

API says GAO report on oil exports confirms industry position

Saudi police investigating after oil pipeline hit by bullet

Pentagon: Bombing ISIS oil targets key focus of strategy

A global natural gas boom alone won't slow climate change

A New Approach To Monitoring Groundwater Supplies Near Fracking Sites

EIA: North Dakota close to goals for curbing flared gas

Russia has little to fear from Azeri gas, scholar says

Iran determined to move ahead with pipeline to Pakistan

Libyan operations give production boost to OMV

Tamar partners intent on selling Israeli gas to Egypt

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