Oil and Gas News

July 07, 2015

Canada oil sands emits more carbon than from US crude
Washington DC (SPX) Jul 07, 2015
The production of petroleum from Canada's oil sands is on the rise with much of it destined for U.S. refineries. As the U.S. takes stock of its greenhouse gas emissions, scientists report in the ACS journal Environmental Science and Technology that the current oil sands production of fuels from "well-to-wheels" releases about 20 percent more carbon dioxide into the atmosphere than making gasoline and diesel from conventional crudes. In 2013, the oil industry was producing nearly 2 million ba ... read more

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French businesses hoping to beat the rush back into Iran Since the start of tortuous nuclear negotiations with Iran, France has been seen as taking the toughest stand. Now as a deal nears, Paris must be ready to dash in and grab a slice of long untapped market. ... more		BP to pay record $18.7 bn over Gulf of Mexico oil spill British energy giant BP said Thursday it had agreed to pay a record $18.7 billion to compensate the US government and five states for damages stemming from the deadly 2010 Gulf of Mexico oil spill. ... more		U.S. proposes tighter pipeline spill rules A proposal requiring pipeline operators to report spills within an hour of their discovery will help mitigate damage, the U.S. transportation secretary said. ... more
				North Dakota rig activity leveling out The exploration and production sector in North Dakota is holding steady for the second straight week in a sign of building equilibrium, data show. ... more		Iran envisions post-sanctions oil era With nuclear negotiations dragging on, an Iranian energy official said a new type of oil contract is ready nonetheless for a possible post-sanctions era. ... more

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Eni starts production at giant Venezuelan gas field Italian energy company Eni said Monday it started production at the Perla gas field, the largest field of its kind found off the coast of Venezuela. ... more		Report: Brazil's Petrobras wading dark waters British energy consultant Douglas-Westwood said the prospects of turning 16 billion barrels of potential Brazilian barrels of oil into reality may be dubious. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		Oil markets hammered by Greece, Iran and China Crude oil markets suffered a severe blow Monday amid a range of concerns stretching east from Vienna to Beijing with major indices down more than 4 percent. ... more
				Momentum builds behind giant Norwegian oil field Delineating which company holds what percentage of the interest in Norway's giant Johan Sverdrup field boosts development potential, executives said. ... more		Oil prices rebound after dismal week Crude oil prices recovered some of the ground lost in recent sessions on the back of steady U.S. labor figures and assessments over Iranian nuclear talks. ... more

Russian, Ukrainian gas talks collapse European leaders said they'd get to work on proposing new strategies after natural gas talks between Russian and Ukraine collapsed in Vienna. ... more		Shell to tap new Gulf of Mexico oil Royal Dutch Shell said Wednesday it made a final investment decision to open up new oil developments in the deep waters of the U.S. Gulf of Mexico. ... more		Trump announces new US 'Space Academy' Israel signs with Greece one of its biggest-ever arms sales Middle East war a boon for UAE defence giant with global ambitions		Norway: New reserves found in North Sea The Norwegian government confirmed Wednesday oil and gas reserves were discovered in a North Sea area not known previously to contain hydrocarbons. ... more
CCNY researchers develop eco-friendly oil spill solution City College of New York researchers led by chemist George John have developed an eco-friendly biodegradable green "herding" agent that can be used to clean up light crude oil spills on water. ... more		Argonne analysis shows increased carbon intensity from Canadian oil sands The U.S. Department of Energy's Argonne National Laboratory this week released a study that shows gasoline and diesel refined from Canadian oil sands have a higher carbon impact than fuels derived f ... more		Greek default leaves bruise on oil markets The Greek default on debt to the International Monetary Fund in a market mindful of the causes of the global financial crisis sent oil prices lower Wednesday. ... more		Canada awards license for LNG exports to Asia A Canadian energy regulator said it approved an export license that allows Quicksilver Resources to send liquefied natural gas to Pacific Rim markets in Asia. ... more

	BP engineer to get new Macondo trial An appeals court in Louisiana said it granted a new trial for a former BP engineer, Kurt Mix, on grounds of jury exposure to external evidence. ... more		China starts work on Russian gas pipeline Construction on the Chinese side of a natural gas pipeline linking to Russia began in western Heilongjiang province, a Chinese energy company said Tuesday. ... more

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TransCanada announces staff cuts

IHS examines next big deal in U.S. shale

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