Oil and Gas News

December 15, 2014

Apache dumps Australian, Canadian LNG assets
Houston (UPI) Dec 15, 2014
U.S. energy company Apache Corp. announced Monday it was selling its stakes in Australian and Canadian gas projects for $2.75 billion. "I am proud of Apache's legacy in advancing the Wheatstone and Kitimat liquefied natural gas projects, and I am confident that Woodside's participation will have a positive impact in seeing these world-class LNG facilities through to first production," G. Steven Farris, the top executive at Apache, said in a statement. Apache sold its interests, which inc ... read more

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Stanford professor discusses minimizing impact of fracking Natural gas power plants emit less carbon dioxide than coal power plants, but must be carefully managed to prevent air and water pollution. Natural gas from hydraulic fracturing generates income and ... more		Iran to seek end to 'cruel' sanctions on energy Iran will tread carefully in negotiations with world powers with the aim of ensuring relief from sanctions targeting the energy sector, Iran's president said. ... more		After Lima, Peru criticized for oil policies The United Nations said Monday it was concerned by a Peruvian proposal to sanction oil operations despite a legacy of heavy pollution and rights abuses. ... more
				North Sea oil player, Noreco, hurt by low oil prices Noreco, a Norwegian energy company focused on North Sea oil operations, said Monday its financial situation was deteriorating because of low oil prices. ... more		Oil price indices get minor lift Though OPEC ministers said the market will determine the floor, crude oil prices rallied Monday on word Libyan clashes closed two key oil terminals. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

New major gas find offshore Israel An Israeli energy company said it's discovered what may be the third largest natural gas basin in the country in the eastern Mediterranean Sea. ... more		China extends $2bn credit line to Angolan state oil firm Angola's state oil company Sonangol will benefit from a new $2.0 billion line of credit from the Chinese Development Bank to finance new projects, the state oil company said Monday. ... more		Typhoon Ragasa hits south China after killing 15 in Taiwan Toxic homes a lasting legacy of Los Angeles fires Climate change causing havoc with global water cycle: UN		Offshore Congo exceeds Eni's expectations A production test from a field located offshore Congo has exceeded company expectations, the top executive at Italian energy company Eni said Monday. ... more
				Impact and toxicity of biocides used in fracking remains largely unknown A Colorado State University-led research team has completed the most comprehensive review to date of the environmental fate and toxicity of the biocides most commonly used in hydraulic fracturing fl ... more		Norway's Oil Decline Accelerating New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to prevent the problem ... more

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

Crude oil cargo for ESA's first flight with China ESA is finalising its first experiment on a Chinese space mission: small containers of crude oil will help to improve our understanding of oil reservoirs buried kilometres underground. The pac ... more		Technology-dependent Emissions of Gas Extraction in the US Not all boreholes are the same. Scientists of the Karlsruhe Institute of Technology (KIT) used mobile measurement equipment to analyze gaseous compounds emitted by the extraction of oil and natural ... more		NASA says on track to send astronauts around the Moon in 202 NASA launches mission to study space weather NASA's ESCAPADE craft returns to Florida for fall mission to Mars		US Congress moves to approve Russia sanctions, arms for Ukraine American lawmakers defied President Barack Obama and approved fresh economic sanctions against Russia, prompting swift criticism from Moscow Friday over toughening the US response to a Kremlin-backed separatist insurgency in Ukraine. ... more
Too soon to lift oil export ban, Congress hears It may be premature to ease restrictions on U.S. crude oil imports despite early indications of economic benefits, analysts told lawmakers on Capitol Hill. ... more		EU: Gas security still hinges on Ukraine Though diversification strategies are on the table, a European official told Russia state media Ukraine plays a critical role in regional energy security. ... more		Economist: Iran needs oil at $125 per barrel Oil needs to be priced at about $125 per barrel in order for Iran to end the calendar year without a budget deficit, an Iranian economist said Friday. ... more		IEA outlook bruises oil markets further A Friday decision by the International Energy Agency to trim its oil demand forecast added insult to injury, pushing oil price indices to record lows. ... more

	Boat protest against Canaries oil prospecting Protesters plunged half-naked into the icy sea and unfurled banners Saturday to try to stop oil prospecting near Spain's Canary Islands, a major tourist destination. ... more		Bangladeshis use sponges to clean oil spill threatening dolphins Bangladeshi villagers using sponges, shovels and even spoons worked Friday to clean up a huge oil spill in a protected area that is home to rare dolphins, after environmentalists warned of an ecological "catastrophe". ... more

US lawmaker warns of military 'misunderstanding' risk with China

Spain approves 'total' arms embargo against Israel

Khamenei says Iran 'won't yield' to pressure to abandon uranium enrichment

IHS: Islamic State financing war campaign with oil		Iranian economy tied too hard to oil, commissioner says		U.S. oil group applauds pro-export bill		U.S. House weighs oil export ban		Russia sees promise in energy ties with India
Mexico readies for offshore licensing round		'Catastrophic' Bangladesh oil spill threatens rare dolphins		U.S. importing more Venezuelan oil		Faith in oil prices faltering		KBR announces restructuring plans

Oil price drop a conspiracy, Iran's president says

BP's Dudley seeks to right the ship

Low gas prices will be commonplace, market analysts say

Oil prices slump in response to OPEC report

New study measures methane emissions from gas wells

Medvedev: Russia never recovered from '08 collapse

Technology-dependent Emissions of Gas Extraction in the US

Liu Tienan: from planner to prisoner, via mistress

Conoco shale spending plans down for 2015

Zero carbon emission goal not 'realistic': Saudi Arabia

WTI, Brent rebound after historic slump

$2.50 gas by Christmas, AAA says

Eni brings more oil online offshore Angola

Kazakhstan unveils massive investment program

IMF: Less Iraq contraction in 2014 on rising oil output

New Zealand drawing more energy interest

Kremlin lauds ties with energy-hungry China

Canada will only curb oil sector emissions when US does: PM

Is natural gas a 'bridge' to a hotter future?

Canada vows to make pipelines safer

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