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Keyword: petroleum

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  • Senate Votes to Raise Revenue by Drilling In Arctic National Wildlife Refuge (drill, baby drill!)

    10/20/2017 10:33:29 AM PDT · by drewh · 27 replies
    Spokesman Review ^ | Fri., Oct. 20, 2017, 10:04 a.m. | By Juliet Eilperin
    WASHINGTON – The Senate rejected an amendment Thursday that sought to block a key panel from raising revenue through drilling in Alaska’s Arctic National Wildlife Refuge, a move that could make it easier for future oil and gas drilling to take place there. Sen. Maria Cantwell, Wash., the top Democrat on the Energy and Natural Resources Committee, offered an budget amendment that would have removed instructions to the panel to raise an additional $1 billion through federal leasing. It failed 48 to 52 on a largely party-line vote, with only Sen. Susan Collins, R-Maine, and Joe Manchin, W.Va., breaking ranks....
  • Trump inches toward drilling in Arctic Wildlife Refuge for first time in 30 years(OH NOES!)

    09/18/2017 10:04:44 AM PDT · by rktman · 36 replies
    libertyunyielding.com ^ | 9/17/2017 | staff
    President Donald Trump is moving toward allowing energy exploration in the Arctic National Wildlife Refuge (ANWR) for the first time in several decades, according to a report Friday from The Washington Post. Interior Department officials are modifying decades-old regulations that have traditionally prevented the agency from conducting seismic studies seen as the first step towards drilling, the report notes. U.S. Fish and Wildlife Service director James W. Kurth told the agency’s Alaska regional director to strike constraints on a rule that allowed exploratory drilling between 1984 and 1986, the last time drilling was allowed in the ANWR, according to a...
  • PetroChina unloading first Chinese purchase of oil from US strategic reserves

    07/20/2017 8:14:37 PM PDT · by Rabin · 8 replies
    hydrocarbon processing ^ | 7/20/2017 | SINGAPORE (Reuters)
    PetroChina is unloading the first Chinese purchase of crude oil from US strategic petroleum reserves at a port in eastern China. Supertanker Cosrising Lake, is unloading the US oil at Qingdao port in Shandong province this week, The crude according to the US Department of Energy, is similar in quality to Middle East Oman crude. More Asian refiners are turning to the Americas for oil after OPEC cuts tightened heavy crude supplies and as governments respond to a call from United States President Donald Trump to buy US oil and gas. State-owned PetroChina is one of the key players moving...
  • Death toll from oil tanker blaze rises to 153

    06/25/2017 4:31:27 PM PDT · by 2ndDivisionVet · 23 replies
    The Belfast Telegraph ^ | June 25, 2017 | The Associated Press
    The death toll from an oil tanker fire in Pakistan has risen to 153, with dozens more in a critical condition, and the fatalities are expected to increase. The disaster happened when scores of people from a village raced with jerry cans to the spot nearby where the vehicle had overturned to collect the leaking fuel. The crowd screamed as the flames engulfed them, said Saznoor Ahmad, 30, whose two cousins were killed in the fire....
  • Discovery from IBM could enable more efficient oil extraction from existing wells

    05/04/2017 2:16:57 PM PDT · by Red Badger · 11 replies
    phys.org ^ | May 4, 2017 | by Chris Nay
    IBM scientists recently discovered that a drop of oil doesn't look like a drop at all if it is small, to the scale of one billionth of a billionth of a liter, or attoliter. Rather, a nanoscale oil droplet looks more like a flat film against a solid surface. This discovery reveals that the simulation tools and techniques commonly employed by the oil industry do not take into account the increased energy required to extract these oil molecules. And it results in 60 percent or more of a well's oil being left behind, for example, in the nanoscale capillaries of...
  • Total announces expansion to include new steam cracker, 1,500 jobs in Port Arthur (Texas)

    03/27/2017 10:05:33 PM PDT · by 2ndDivisionVet · 4 replies
    KBMT-TV ^ | March 27, 2017
    PARIS - Total announced Monday that it is entering into a joint venture to expand their plants in Port Arthur and Bayport. The company, headquartered in Paris, will hold a 50% interest in a new joint venture with Borealis and Nova1 to build an ethane steam cracker in Port Arthur and a new Borstar polyethylene unit in Bayport according to a release from the company. The new $1.7 billion cracker in Port Arthur is scheduled for a 2020 startup and is expected to create about 1,500 jobs according to the release. CB&I has been awarded the engineering, procurement and construction...
  • Trump Opens ‘All Available’ Gulf Of Mexico Waters To Oil Drilling

    03/07/2017 12:32:55 PM PST · by 2ndDivisionVet · 124 replies
    The Daily Caller ^ | March 7, 2017 | Michael Bastasch
    The Department of the Interior will include “all available” federal waters in the Gulf of Mexico that have not already been leased out for offshore oil drilling. Interior Secretary Ryan Zinke announced Monday 73 million acres off the coast of Texas, Louisiana, Mississippi, Alabama, and Florida would be offered at a lease sale in August as part of the Interior Department’s five-year leasing plan. “Opening more federal lands and waters to oil and gas drilling is a pillar of President Trump’s plan to make the United States energy independent,” Zinke said in a statement. Interior finalized its current five-year offshore...
  • Oil – Where did it come from?

    02/19/2017 1:38:04 PM PST · by rktman · 63 replies
    wattsupwiththat.com ^ | 2/18/2017 | David Middleton
    I am a petroleum geologist/geophysicist with about 36 years of experience in oil & gas exploration mostly in the Gulf of Mexico. In light of Andy May’s recent post, Oil – Will we run out?, I thought I might post an essay on oil formation. Over the past six years, I have been fortunate to have the opportunity to write guest posts for Watts Up With That thanks to Anthony Watts. Many of my posts have been about issues related to oil production and each of these posts usually triggers comments from Abiogenic Oil advocates. So, this post’s main thrust...
  • Cheap Gas’ Latest Victim is Fuel Economy

    07/08/2016 9:42:09 AM PDT · by bananaman22 · 9 replies
    Oilprice.com ^ | 08-07-2016 | Irina
    Falling prices at the pump have given motorists reason to rejoice continuously over the last year and a half, but they’re not good news for everyone. At least, not for the people who are about fuel economy. The latest sales-weighted fuel economy ratings report by the University of Michigan Transportation Research Institute revealed that in June, the value of the indicator was 25.3 miles per gallon, down from 25.4 mpg in May. Now, that’s not a huge dip, as Road Show author Andrew Krok notes, but it follows a pattern of declining fuel economy that parallels the decline in gas...
  • ISIS introduces ‘Golden Dinar’ currency, Hopes it will collapse U.S. dollar

    07/06/2016 5:12:05 PM PDT · by Fali_G · 45 replies
    The Foreign Desk ^ | 07/06/2016 | Lisa Daftari
    ISIS is now issuing its own currency referred to as the ‘Golden Dinar,’ with engravings bearing the words “Islamic State.” The coins, currently being released in limited quantity, are to primarily be used by traders in the oil industry in areas under Islamic State control, according to reports on jihadi online forums. Activists in Deir ez-Zor, Syria reported oil traders have been ordered to use the new Dinar when purchasing from ISIS-held oil fields. Reports from the Iraqi city of Mosul have indicated the Golden Dinar is being introduced to the currency market as part of a serious attempt to...
  • April 16, 2012 Vilnius, Lithuania : $7 Gasoline. Thanks Ben.

    07/05/2016 4:36:48 PM PDT · by vannrox · 23 replies
    SovereignMan.com ^ | April 16, 2012 | simon black
    The consistent theme from my travels so far in Europe– the UK, Scandinavia, Lithuania– has been noticeably higher prices. Shockingly so, in some instances. London, where I spent a rather pleasant and rare sunny weekend with friends and colleagues, has gone from being ‘stupid’ pricey, to just plain absurd. Tube prices, taxi fares, food prices, restaurant bills, train fares… it all keeps going up. And to cap it all off, the British government’s VAT increases have ensured that absolutely everyone is paying a little bit more. Here in Lithuania, the buzz around town is the spiraling gasoline prices, which have...
  • Fresh Niger Delta Attacks Could Send Oil Prices Up

    07/05/2016 10:11:41 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 05-07-2016 | Niger Deltans
    The Niger Delta Avengers (NDA) were a major driver of the rally in oil markets over the past several months, as the outage of roughly 600,000 barrels per day helped push up crude oil prices. In June, a 30-day ceasefire between the NDA and the Nigerian government led to a few weeks of relative calm, and Nigeria’s oil minister said that the country was able to bring back a large chunk of the disrupted supply, bringing output up from 1.4 million barrels per day to 1.9 mb/d at the end of June, but still down from the 2.2 mb/d Nigeria...
  • Exxon And BP Battle For ‘Oil contract Of The Century’

    07/04/2016 11:54:13 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 04-07-2016 | Zainab
    ExxonMobil and British Petroleum have been facing off over the terms of the renewal of the “contract of the century” in Azerbaijan, according to sources that spoke to Reuters. BP currently operates the Azeri-Chigar-Guneshi fields in the middle of the Caspian Sea—a region that contributes a tenth of the firm’s global output. The British company has reportedly agreed with the Azeri government on the terms of a 30-year contract, but in an effort to expand its presence in the ACG region, Exxon has been pushing for a piece of the $100 billion pie.
  • Niger Delta Militants Blow Up 2 Chevron Oil Wells

    06/03/2016 9:14:04 AM PDT · by Lorianne · 11 replies
    Oil Price ^ | 01 June 2016 | Charles Kennedy
    In an early Wednesday attack, Niger Delta militants have blown up two Chevron oil wells in Warri, leading a shut down in the wells and promising further output drops for Nigeria. The Niger Delta Avengers (NDA) have claimed responsibility for the attack via their Twitter feed, not that they “blew up Chevron oil well RMP 23 and 24 [at] 3:44 am this morning.” These are Chevron’s Bibi oil wells, run by Chevron Nigeria Limited. The militant group also noted that it had a “heavy presence of 100 gunboats, 4 warships and jet bombers,” and that the attack was meant “to...
  • ( Shia ) Iran Offers to Help African Union Against Boko Haram ( Sunni Moslems )

    02/01/2015 7:22:30 PM PST · by george76 · 11 replies
    Breitbart ^ | 1 Feb 2015 | John Hayward
    The absence of strong Western leadership against the Boko Haram terror state has created an opportunity Iran seems ready to exploit. The Premium Times of Nigeria reports that Iran is stepping forward to offer assistance to the African Union against the savage caliphate spilling out of northern Nigeria into Cameroon and menacing the entire region: ... Abdollohian said the activities of the Boko Haram militants and that of Al-Shabaab in the Somalia were similar to that of Al-Qaeda and the ISIS and other terrorist groups in the Middle East. ... Iran was willing to share its experiences on terrorist activities...
  • Iran denies allegations of organizing spy cell in Nigeria

    02/23/2013 6:55:27 PM PST · by Pan_Yan · 8 replies
    Reuters via NBC ^ | 2/22/2013 4:37:59 AM ET | Reporting by Zahra Hosseinian; Editing by Alistair Lyon
    DUBAI (Reuters) - Iran denied on Friday Nigerian allegations that it had trained militants arrested in Nigeria on charges of planning attacks on U.S. and Israeli targets there. Deputy Foreign Minister Hossein Amir-Abdollahian said such allegations were "made up as the result of the ill will of the enemies of the two countries' good relations", Iranian state television reported. "Iran and Nigeria have friendly and close relations and despite the vast efforts of the two countries' enemies in recent years relations and cooperations have always improved," he said. Nigeria's secret service said on Thursday it had arrested Abdullahi Mustapha Berende...
  • Iran’s Africa Fiasco

    02/26/2011 7:19:14 AM PST · by Kaslin · 1 replies
    Pajamas Media ^ | February 25, 2011 | Banafsheh Zand-Bonazzi
    It hasn't made much noise worldwide, but Iran's rapidly deteriorating relationships with several African countries is huge news across the continent. On February 16, the Nigerian Federal High Court in Lagos began the prosecution of an alleged member of the Iranian Revolutionary Guards Corps (IRGC), Azim Aghajani, and a Nigerian associate, Usman Abbas Jega. They are accused of arms smuggling. This video link is in Arabic, but is very self-explanatory. It is of the opening day of the court proceedings.The story is a classic, just one of many on the Dark Continent nowadays: In late October 2010, Nigerian intelligence officials...
  • Arms found in Nigeria were headed to West Africa: Iran

    11/15/2010 2:42:23 PM PST · by Flavius · 2 replies
    afp ^ | 11/15/10 | afp
    Iran said on Monday an arms shipment sent from an Iranian port and discovered in Lagos was heading to a West African country and the "misunderstanding" had since been cleared up with the Nigerian authorities. "A private company which had sold conventional defence weapons to another country in West Africa had transferred the shipment via Nigeria which raised some doubts with relevant officials," Foreign Minister Manouchehr Mottaki told reporters.
  • Arms shipment found in Nigeria loaded in Iran

    10/30/2010 3:59:08 PM PDT · by nuconvert · 7 replies
    An illegal arms shipment including rockets and grenades discovered in Nigeria this week was loaded in Iran by an Iranian trader, the firm that operates the vessel that delivered it said on Friday. Security agents this week intercepted 13 containers declared as building materials and discharged from the CMA CGM Everest vessel at the country's busiest port of Apapa in Nigeria's economic hub of Lagos. "The shipment in question was booked as a 'shippers owned container' and supplied loaded and sealed by the shipper, an Iranian trader who does not appear on any 'forbidden persons' listing," said CMA CGM, which...
  • Nigeria intercepts 13 Iran missile containers possibly destined for Gaza

    10/28/2010 7:57:54 AM PDT · by Strategy · 9 replies
    Haaretz ^ | October 28, 2010 | By Barak Ravid
    Nigeria's secret service said on Tuesday it had intercepted 13 containers of weapons from Iran in what Israeli defense sources believe may be part of a new smuggling route from Iran to Hamas in Gaza. Rocket launchers, grenades and other explosives camouflaged as building material were seized in the Nigerian port of Lagos after being unloaded from an Iranian ship. Nigerian media reports said the ship, which came from Iran, docked in Lagos port for a few hours only, unloaded 13 containers and sailed on.