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Oil News and Gas News
March 28, 2015
OIL AND GAS
Yemen worries boost oil prices
New York (UPI) Mar 26, 2015
Multilateral military operations in a collapsing Yemen injected a layer of risk to global oil markets, pushing crude oil prices up 2 percent Thursday. The Saudi government announced it was leading military operations, dubbed Decisive Storm, with its Arab allies "in order to defend the legitimate government in Yemen and prevent the Houthi militias from controlling the country by force." The Houthi militia, a Shiite group, has in recent weeks put pressure on the administration of President ... read more
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OIL AND GAS

Shell takes further steps away from Nigeria
The Nigerian subsidiary of Royal Dutch Shell said it made further progress in its divestment strategy by selling Niger Delta assets from $1.7 billion. ... more
OIL AND GAS

U.S.: Schlumberger 'willfully' violated sanctions
For six years, a division of oil services company Schlumberger "willfully" violated U.S. sanctions against Iran and Sudan, the Justice Department said. ... more
OIL AND GAS

Russia squeezed by sanctions, European leader says
Along with the low price of oil, sanctions imposed on Russia in response to crises in Ukraine have struck a major blow to its economy, a European leader said. ... more
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OIL AND GAS

Oil giant PetroChina's 2014 net profit slumps 17%
Chinese energy firm PetroChina said Thursday its net profit slumped 17 percent in 2014 from a year earlier as international crude oil prices plunged in the second half. ... more


OIL AND GAS

British oil and gas production declines
The British government said Thursday total oil production was down by 3.6 percent and gas production was down more than 1 percent during the last few months. ... more
26th Space Cryogenics Workshop Human 2 Mars Conference Mat 5-7 2015 - Washington DC Small Modular Reactors - USA - 2015 Nuclear Decommissioning Conference Europe May 2015 Nuclear Decommissioning Conference Europe May 2015
OIL AND GAS

Wood Mac: High costs of drilling not abnormal
Spending on oil and gas exploration is dropping off as oil prices remain depressed, but the industry may respond by doing more with less, Wood Mackenzie finds. ... more
OIL AND GAS

Total moves ahead with North Sea development
French energy company Total said Wednesday its plans for North Sea oil and gas development were backed by a British government expecting sector revitalization. ... more
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OIL AND GAS

Feds irked by industry stance on oil-train safety
The U.S. Department of Transportation said it was frustrated that an energy industry group was on the sidelines of the debate over oil transportation by rail. ... more
OIL AND GAS

Argentina condemns British 'provocation' in Falklands
Argentina branded Britain's plans to beef up defenses in the Falklands a "provocation" and a pre-election stunt Wednesday. ... more
OIL AND GAS

Chinese demand for Russian oil holds steady
Demand for Russian crude oil in the Chinese economy is expected to hold steady, despite economic faltering in both countries, a Chinese trader said Wednesday. ... more
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OIL AND GAS

Lower spending may be pushing oil higher
Crude oil prices gained traction in Wednesday trading as U.S. federal data show spending on exploration and production was down by double digits. ... more
OIL AND GAS

Gazprom Neft surveying Kurdish oil potential
In a sign of a growing Middle East presence, Russian energy company Gazprom Neft said it was surveying the reserve potential in the Kurdish north of Iraq. ... more
Space News from SpaceDaily.com
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OIL AND GAS

Myanmar attracts energy capital
An agreement to explore the energy potential off the coast of Myanmar is part of a strategy to meet growing needs in the Asia-Pacific, Chevron said. ... more
OIL AND GAS

Gas key to EU ties with Azerbaijan
Development of a natural gas pipeline network from Azerbaijan is one of the most important aspects of bilateral ties, a European Union report said Wednesday. ... more
OIL AND GAS

100,000 Layoffs and Counting: Is this the New Normal
This time a year ago, the oil industry's biggest problem was finding a way to deal with the "retirement tsunami" about to crash down on it as older oilfield workers hung up their cork boots to enjoy ... more
OIL AND GAS

U.S. oil price up from six-year low
U.S. dollar movements and economic signals from China helped push crude oil prices above the recent floor in early trading Tuesday. ... more
OIL AND GAS

US gas boom slashes gas prices
The recent shale gas boom ("fracking") in the United States has been beneficial to the economy, dropping natural gas prices 47 percent compared to what the price would have been prior to the frackin ... more

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OIL AND GAS

New 450-kW gas cogeneration system to debut in Japan
Mitsubishi Heavy Industries, Ltd. ( MHI) and Toho Gas Co., Ltd. have jointly developed a new 450- kilowatt (kW) gas cogeneration system to be launched into the Japanese market by both companies on A ... more
OIL AND GAS

Tight spending new normal for U.S. shale
"Financial prudence" will be the new normal for developments in shale basins in the United States in the era of low oil prices, the head of Schlumberger, the world's largest oilfield services company, said. ... more
Military Space News, Nuclear Weapons, Missile Defense
China hits out at Japan over defence spending worries

Japan launches replacement spy satellite

Saudi strikes Yemen rebels as Iran warns of 'dangerous step'

Taiwan protesters scuffle with police over China flight route

UK data hub will maximize benefits of Europe's EO program

US and UAE Ink Bilateral Space Cooperation

US 'hijacking' victory in Iraq's Tikrit: militia groups

OIL AND GAS

Russia's Lukoil committed long term to Iraq

OIL AND GAS

Iran expects oil market influence

OIL AND GAS

UK 'military lobby' behind Falklands beef-up: Argentina

OIL AND GAS

Oil mixed on weak Chinese data

OIL AND GAS

'No blacks' Chinese restaurant shut down in Kenya

OIL AND GAS

Australia's Woodside cuts jobs

OIL AND GAS

ADB tells Pakistan to seize moment on low oil prices

OIL AND GAS

AAA: U.S. gas prices drifting lower nationally

OIL AND GAS

Russian currency stabilizing despite oil's fade

OIL AND GAS

Sanctions push Total towards China to finance Russia project: report

China's Sinopec net profit slumps nearly 30% in 2014

Saudi king invites Iraq PM to visit as ties thaw

U.S. lifts threat warning in Saudi Arabia

Oil prices falter as OPEC stands firm

North Sea tax policies short-sighted, Scotland says

Iran expecting economic growth

Sinopec facing era of slower growth

U.S. releases new federal fracking rules

Exxon done with 2011 oil spill cleanup

Wintershall defiant in low oil price era

U.S. dollar, Iran talks sway oil markets

Low oil prices may hurt Colorado economy

U.S.: Security risks in oil-rich Saudi region

Statoil 'highly impacted' by low oil prices

Gulfsands Petroleum still keen on Syrian oil

North Dakota reviews oil-train safety

Shell unloads Nigeria assets

Rig data paints mixed oil picture

Russia expects some economic recovery by 2016

Oil prices hammered by U.S. storage, OPEC resilience

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