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Oil News and Gas News
April 17, 2015
OIL AND GAS
OPEC increases oil production in March; U.S. shale dropping
Vienna (UPI) Apr 16, 2015
The Organization of Petroleum Exporting Countries will continue increasing output of oil, despite an oversupply, projecting an increased demand 80,000 barrels per day higher for this year than anticipated. For the month of March, OPEC produced an average of about 30.79 million barrels per day - an increase of 810,000 thousand bpd. "Crude oil output increased mostly from Saudi Arabia and Iraq, while Libya saw a return of about 165 [thousand barrels per day] from shut-in wells in active o ... read more
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OIL AND GAS

Oil prices move lower on surging OPEC output
Brent crude oil topped $63 per barrel early Thursday before moving lower on word OPEC output had surged in March, balancing slowing U.S. production. ... more
OIL AND GAS

House GOP wants more Atlantic leases in offshore drilling plan
The House Natural Resources Subcommittee on Energy and Mineral Resources held an oversight hearing Wednesday on the Obama administration's Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. ... more
OIL AND GAS

Top 12 Media Myths On Oil Prices
The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolvin ... more
OILGASDAILY


OIL AND GAS

Critic: OPEC won't slash output if U.S. exports oil
The notion that OPEC will respond to the end of a U.S. ban on crude oil exports with cuts of its own is "spectacularly" wrong, an advocacy group testified. ... more


OIL AND GAS

API: Ensure U.S. oil boom continues
A federal U.S. report shows oil production peaking in 2020, a forecast the industry says shows Washington needs to ensure dominance can continue. ... more
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OIL AND GAS

Higher demand forecast lifts oil prices
Expectations of growing global demand for oil in a strengthening economy helped crude oil prices gain momentum in Wednesday trading. ... more
OIL AND GAS

IS seizes parts of Iraq's largest oil refinery: officials
Jihadists from the Islamic State group broke into Iraq's massive Baiji oil refinery, seized some of its facilities and are hiding among fuel storage tanks, officials said Wednesday. ... more
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OIL AND GAS

Fracking fluid chemicals uncovered, helping test for contamination
The organic chemicals in fracking fluid have been uncovered in two new studies, providing a basis for water contamination testing and future regulation. The research, published in Trends in Environm ... more
OIL AND GAS

Scientists a step closer to developing renewable propane
Researchers at The University of Manchester have made a significant breakthrough in the development of synthetic pathways that will enable renewable biosynthesis of the gas propane. This research is ... more
OIL AND GAS

Make room, Iran tells OPEC
OPEC member states should self-regulate so Iran's expected return to the oil stage won't hurt markets, Iran's oil minister said Tuesday from Tehran. ... more
Army Network Modernization 2015 - Washington DC June 23-25
OIL AND GAS

LNG work in Yemen halted by violence
Declining security in Yemen means it's time to halt all production and start evacuating personnel, a Yemeni liquefied natural gas company said Tuesday. ... more
OIL AND GAS

Lundin produces first oil from offshore Malaysia
Swedish energy company Lundin Petroleum declared victory Tuesday after announcing its first volumes of oil produced from a field off the coast of Malaysia. ... more
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OIL AND GAS

WTI continues upward trajectory
Strong retail spending in the United States, coupled with expectations of an oil production slowdown, pushed the U.S. benchmark for oil up in Tuesday trading. ... more
OIL AND GAS

Summer could bring higher gas prices
Though gasoline prices are far below the historic average, there may be an increase ahead as demand increases this coming summer, motor club AAA said. ... more
OIL AND GAS

North Dakota oil production slumps
Oil production in North Dakota has declined 4 percent since a record was set in December, largely because of lower oil prices, state data show. ... more
OIL AND GAS

Dutch court orders halt to gas production in quake-hit town
/> Concerned groups and opposition political parties in the Groningen province dragged the Dutch government to court to demand a halt to gas extraction from the field where production has hit 50 bi ... more
OIL AND GAS

Russia's Lukoil sets up shop in Iran
Russian oil company Lukoil said Wednesday it reopened its offices in Iran in anticipation of the full removal of economic sanctions. ... more
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OIL AND GAS

IMF: Oil price adds to complex dynamics
The decline in oil prices has led to a subdued outlook for the global economy, with importers like China and exporters alike feeling the impact, the IMF said. ... more
OIL AND GAS

New rules proposed for offshore drilling
The U.S. government said it's proposing new rules to prevent a repeat of the Deepwater Horizon tragedy, though the industry said it's ahead of the curve. ... more
Military Space News, Nuclear Weapons, Missile Defense
Space Domination: Pentagon to Beef up Defense of Satellites

DARPA demos Persistent Close Air Support System

Allies concerned at China's maritime moves

Iran poses growing cyber threat to US: study

Lithuania eyes German Army artillery

Chinese president to visit Pakistan next week: Islamabad

Russia Should Consider Launching Super-Heavy Rockets From Vostochny

OIL AND GAS

Clarification issued over massive British oil find

OIL AND GAS

Defiant China oil boss denies graft charges: report

OIL AND GAS

Nano-coated mesh could help clean up oil spills, cheaply

OIL AND GAS

Oil prices end week up about 1 percent

OIL AND GAS

Faroe boasts of North Sea dominance

OIL AND GAS

Jihadists attack Iraq's largest oil refinery

OIL AND GAS

Oil jumps as Iran raises new challenge to nuclear deal

OIL AND GAS

Horse Hill oil discovery sparks fracking fears

OIL AND GAS

Greenpeace activists leave Arctic-bound oil rig

OIL AND GAS

Hoeven: Infrastructure needed for oil boom

Woodside closes on Canadian energy acquisition

Americas seek stronger energy ties

Shell standing above its peers

Statoil finds more gas in Norwegian Sea

North Dakota rig slump continues

Good European labor figures boost oil prices

Iran says it's ready to send gas to Europe

IEA: Central Asia, Eastern Europe need to open energy doors

Can Argentina Capitalize On Its Vast Shale Reserves?

Saudi role in energy markets is changing

Wall Street Losing Millions From Bad Energy Loans

Breached Yellowstone River pipeline reveals crack

Study finds a natural oil dispersion mechanism for deep-ocean blowout

Methane monitoring method reveals high levels in Pennsylvania stream

Statoil makes oil discovery in Gulf of Mexico

Baker Hughes suspends key well count report

Apache Corp. unloads Australian subsidiary

Saudi demand optimism lifts oil prices

Iraqi oil producer Gulf Keystone still for sale

China on tap for Iranian 'Peace Pipeline,' report says

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