User: irge304 Topic: Energy Extraction
Category: Oil Exploration
Last updated: Sep 16 2014 17:51 IST RSS 2.0
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China rig finds gas after Vietnam sea standoff 16.9.2014 AP Business
BEIJING (AP) -- The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday....
US oil supply, calls to end export ban rise together 16.9.2014 Minnesota Public Radio: News
The U.S. banned oil exports decades ago as part of a plan to insulate the country against supply and price shocks.
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Gasoline prices just keep falling 16.9.2014 SFGate: Business & Technology
Despite growing unrest in the Middle East, gasoline prices have tumbled since the beginning of summer and are likely to drop further by the end of the year, thanks mainly to falling oil prices, rising refinery production and seasonal factors. Nationwide, the average price for a gallon of regular unleaded gasoline on Monday was $3.51, according to AAA. U.S. refineries have increased their output to take advantage of booming U.S. production, primarily in North Dakota and Texas, where hydraulic fracturing (fracking) and horizontal drilling is producing almost a glut of cheap crude. Access to cheap oil gives U.S. refineries a cost advantage over their foreign competitors, and they are expanding capacity so they can make and export more. “In 2012, when California got to their highest prices ever, that was in large part a consequence of three significant refinery problems,” says Gordon Schremp, senior fuels specialist with the California Energy Commission. Others predict that prices could rise as much as ...
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BP Alaska plans layoffs following Hilcorp sale 16.9.2014 Salt Lake Tribune
Juneau • BP Alaska, a major player in the state’s oil industry, is planning to lay off 275 employees and contractors early next year. Spokeswoman Dawn Patience says the business in Alaska will be smaller due to the previously announced sale of interests in four North Slope oil fields to Hilcorp. Patience says the layoffs, combined with the 200 individuals who have accepted jobs with Hilcorp., represents about 17 percent of the total number of BP employees and contractors in the state. The compan...
Islamic State fighters drawing on oil assets for funding and fuel - Washington Post 16.9.2014
Islamic State fighters drawing on oil assets for funding and fuel Washington Post Oil has helped fund and fuel the Islamic State in Iraq and Syria, with small amounts of production coming from fields in northern Iraq and being smuggled across the borders in tanker trucks. A tiny drop in the sea of petroleum globally, the oil tapped by ...
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BP Alaska plans to lay off 275 workers, contractors, following sale of interests in 4 fields 16.9.2014 Star Tribune: Business
With Turmoil Roiling Abroad, Why Aren't Oil Prices Bubbling Up? 16.9.2014 NPR: All Things Considered
Conflict in oil-producing regions usually sends oil prices higher. But the cost of oil has actually dropped, despite turmoil in the Middle East. Economists say it's a matter of supply and demand.
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Scottish referendum Media caught in crossfire as Dday nears 15.9.2014 Hindustan Times: World
The proindependence campaign has accused the BBC of becoming the British Biased Corporation for allegedly favouring the No campaign that wants Scotland to remain the United Kingdom a charge that spilled over to journalist groups and ...
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Texas man rescued from the Gulf of Mexico after more than 24 hours adrift 15.9.2014 The Guardian -- World Latest

Fisherman, floating in his life jacket after his ship that sank off Port Aransas is rescued after extensive coast guard effort

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Coast Guard rescues adrift in water for 30 hours 15.9.2014 Star Tribune: Latest
A man adrift in Gulf of Mexico waters for more than a day after his fishing boat sank was rescued when the crew of a passing oil tanker heard his cries for help, a U.S. Coast Guard official said Monday.
Study: Leaky wells, not fracking, taint water 15.9.2014 AP National
WASHINGTON (AP) -- A new study says that the drilling procedure called fracking didn't cause much-publicized cases of tainted water, blaming contamination on leaky natural gas wells instead....
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Drinking water contaminated by shale gas boom in Texas and Pennslyvania 15.9.2014 Guardian: Environment

Faulty natural gas well casings blamed in study for methane leakage in Barnett Shale and the Marcellus formation

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Compromise in works for new wells in southwest Greeley 15.9.2014 Headlines: All Headlines
Oil and gas wells set to be drilled in the center of a huge population center in southwest Greeley could be precedent-setting.
U of M forges way as plastics research leader, using $20M grant to find greener alternatives 15.9.2014 Star Tribune: Business
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China’s ‘creeping invasion’ 15.9.2014 Washington Post: Op-Eds
TOKYO A few months ago it looked like East Asia might be the place where the crumbling global order of the past quarter-century, centered on U.S. power and values, would face a decisive crisis. Chinese boats , planes and oil rigs were pressing into territories claimed by Japan, Vietnam and the Philippines; there was anti-Japanese fervor in the Chinese media and disturbing nationalist gestures from the most hawkish Japanese government in ...
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Islamic State group’s war chest is growing daily 15.9.2014 Salt Lake Tribune
Wellington • Islamic State militants, who once relied on wealthy Persian Gulf donors for money, have become a self-sustaining financial juggernaut, earning more than $3 million a day from oil smuggling, human trafficking, theft and extortion, according to U.S. intelligence officials and private experts. The extremist group’s resources exceed that “of any other terrorist group in history,” said a U.S. intelligence official who, like others interviewed, spoke on condition of anonymity to discuss c...
President Pranab Mukherjee arrives in Vietnam for state visit 14.9.2014 CNN-IBN: World
President Pranab Mukherjee arrived on Sunday on a four-day state visit to strategically important Vietnam during which he will hold talks with the country's top leadership and the two nations will ink pacts in key areas of oil exploration and air connectivity.
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Islamic State group's war chest is growing daily 14.9.2014 CNN-IBN: World
Islamic State militants, who once relied on wealthy Persian Gulf donors for money, have become a self-sustaining financial juggernaut, earning more than $3 million a day from oil smuggling, human trafficking, theft and extortion, according to US intelligence officials and private experts.
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MH370 mystery: 58 ‘hard objects’ found in Indian Ocean 14.9.2014 Hindu: News
The Australia-led search team for the missing Malaysian plane MH370 has discovered 58 hard objects inconsistent with the Indian Ocean seabed, raising hopes of solving the over six months-long avia...
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Islamic State group, once aided by Gulf donors, profits from oil smuggling, human trafficking 14.9.2014 Star Tribune: Politics
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