Oil and Gas News

November 05, 2014

'Price war' hits WTI, Brent prices hard
New York (UPI) Nov 4, 2014
Crude oil prices for December delivery suffered major losses Tuesday on word Saudi Arabia was adjusting its oil prices further to shore up its market position. West Texas Intermediate for December delivery fell well below the $80 threshold in Tuesday, shedding nearly $2 per barrel in the opening round to hit $76.87. Brent did no better, dropping more than $2 per barrel after the opening bell to trade at $82.55 for the December contract. Long-term contracts traded Tuesday show WTI staying ... read more

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AAA: U.S. oil production keeps gas prices low The substantial increase in U.S. oil production is expected to offset any concerns about instability in foreign producers and keep gas prices low, AAA said. ... more		GDF Suez strengthens foundation in China French energy company GDF Suez said it strengthened its position in China by signing a multi-tiered deal with its counterparts at Shenergy Group. ... more		Marathon latest to take hit on low oil prices Marathon Oil said in its quarterly report double digit production growth from North American shale basins wasn't enough of a buffer against low oil prices. ... more
				Sanctions bite for Russia, European Commission says Sanctions on a Russian economy that depends largely on the export of natural resources are taking "a heavy toll," the European Commission said Tuesday. ... more		Reserves offshore Congo greater than expected, SOCO says Results from a production test from a well off the coast of the Republic of Congo exceeded expectations by a wide margin, SOCO International said Tuesday. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

TransCanada moves closer to eastern Canadian market Pipeline planner TransCanada Corp. said Tuesday it was moving ahead with a transit system in the east of Canada expected to bring shale gas to the market. ... more		Countries with poor marine safety records linked to oil spill vessels More than half of ships involved in the 100 largest oil spills of the past three decades were registered in states that consistently fail to comply with international safety and environmental standa ... more		Heavy snow in US strands drivers in 100-vehicle crash Chile wildfires rage for third day, entire towns wiped out Death toll from floods rises in Mozambique, South Africa		Air quality and unconventional oil and gas sites Research suggesting air pollutants released by unconventional oil and gas production are well over recommended levels in the US is published in the open access journal Environmental Health. High lev ... more
				Most mining, oil and gas and logging, involves inhabited land In an analysis of almost 73,000 concessions in eight tropical forested countries, more than 93 percent of these developments were found to involve land inhabited by indigenous peoples and local comm ... more		Report: Islamic State seizes natural gas field in Syria A group monitoring terrorist activity in the Middle East says Islamic State militants have seized control of a natural gas field in Homs province in Syria. ... more

Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

Minister: Oil prices no threat to Iran's economy The Iranian economy isn't expecting a budget shortfall despite the steady decline in global oil prices, the country's economic minister said. ... more		Kuwait enters Mexican energy sector A Kuwaiti exploration company said it signed a memorandum of understanding to work alongside its counterparts in the Mexican energy sector. ... more		Geomagnetic storm to bring northern lights to central US Interstellar raises major Series F funding to expand launch and satellite business Atomic 6 debris shields selected for Portal Space Systems mission		Gazprom gas production declines Russian government data show domestic natural gas production and exports increased during the first 10 months of the year, though output from Gazprom slumped. ... more
IHS: Islamic State financing war campaign with oil Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. ... more		Iranian economy tied too hard to oil, commissioner says The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. ... more		EU declares relief with Ukrainian gas agreement Political responsibility and economic sense have prevailed with the signing of a gas deal between Russia and Ukraine, the European Commission president said. ... more		Advocates blast TransCanada pipeline proposal Pipeline planner TransCanada can expect to face "considerable opposition" to its Energy East tar sands pipeline for the eastern Canada, an advocacy group said. ... more

	U.S. producers say study backs end of oil export ban Global crude oil markets drive prices at the U.S. pump, meaning it's time to end the ban on oil exports, a consortium of U.S. oil companies said. ... more		WTI, Brent take big hits in Friday trading Brent and West Texas Intermediate prices suffered heavy losses in Friday trading, ending a week that saw some early optimism resurface for the oil market. ... more

Almost half of Kyiv without heat, power, after Russian attack

Denmark proposes NATO surveillance mission for Greenland

Military aircraft to arrive in Greenland for 'long-planned' activities: US-Canadian command

Gas capacity added to North Dakota shale		Oryx Petroleum: Security improves in Kurdish north		Wood Mac: Thai economy may be running out of energy		Chinese energy prices respond to crude		EU receives complaints against Canaries oil plan
TransCanada: Energy East pipeline application submitted		Technip sales up despite caution among oil industry players		Ukrainian gas deal 'within reach,' Europe says		Shell: 'Slimmed-down' position creating value		WTI, Brent search for traction

Texas oil production tops 2.2 million bpd

Peshmerga at Turkish border to reinforce besieged Kobane

Algeria's Sonatrach to probe offshore energy

Eni makes major oil find offshore Congo

Slump in OPEC imports drives U.S. total imports to low mark

Total to strengthen resilience after de Margerie's death

Rosneft: No truth to claims of sanctions retaliation

Oil prices rally on word of end to quantitative easing

Canada views Keystone XL decision as a bilateral challenge

Iran sees non-oil exports increase 20 percent over last year

'The Great Invisible' shows blood spilled for oil

Chevron picks Technip to help develop offshore Indonesia

Petrofac eyes Nova Scotia oil locked 3 miles under sea surface

Noble says gas sales from Israeli assets soaring

Russian economic stumbles impact BP performance

Where Did All the Oil Go

BP will close deal on TANAP gas pipeline by year's end

Oxy says output from Texas shale up, income down

Statoil takes frontier position offshore Australia

Bangladesh gas supports Asian demand, Chevron says

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