Oil and Gas News

November 08, 2014

The Driving Force Behind the US Oil Boom
Washington DC (SPX) Nov 07, 2014
The shale revolution's sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play's economics. Behind the stardom of the explorers and producers who have put themselves on the revolutionary shale map and absorb most of the risk-are the service providers who make up a highly lucrative market segment. The US land-based rig count rose 3% over the last quarter, reaching a two-year high of 1,870 active rigs. A major factor in this ... read more

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U.S. shale gas output breaking records U.S. natural gas production has risen for the 10th consecutive month, moving steadily into "unchartered territory," analysis from Platts finds. ... more		Report: East Africa new energy 'hot spot' East Africa is the new "hot spot" for the energy market, with natural gas positioning the region as the new premier player, analysis from IHS finds. ... more		Statoil completes exploration season in Barents Sea Though few commercial discoveries were made, Norwegian energy company Statoil said Friday it showed it can work safely in remote parts of the Barents Sea. ... more
				OPEC says energy demand to soar 60% by 2040 Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, OPEC said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far humanity's main source of power. ... more		U.S. rig activity up 10 percent year-on-year The number of rigs actively exploring for or developing oil or natural gas in the United States is up 10 percent from last year, Baker Hughes said Friday. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

BP awards $40 million Shah Deniz gas contract Energy services company Emerson Process Management said it secured a $40 million contract from BP to help develop the Shah Deniz gas field offshore Azerbaijan. ... more		IEA: Asia missing out on LNG opportunities Asia needs market reforms to capitalize on the "golden opportunity" represented by liquefied natural gas, the International Energy Agency said Thursday. ... more		Toxic homes a lasting legacy of Los Angeles fires 'Greatest con job ever': Trump trashes climate science at UN Turkey facing worst drought in over 50 years		Syrian army retakes Shaer gas field from IS: state TV Syrian troops backed by pro-regime militiamen recaptured the Shaer gas field in central Homs Thursday, state television reported, a week after Islamic State group jihadists overran parts of it. ... 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

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

Denton frack ban challenged in Texas court The Texas Oil and Gas Association said it filed a case against the city of Denton after voters backed an initiative to ban hydraulic fracturing. ... more		Shale license extended in Ukraine The Ukrainian government extended the terms for a shale exploration license by five years, JKX Oil and Gas announced Thursday. ... more		Western researchers support international collaboration for planetary defence NASA says on track to send astronauts around the Moon in 2026 Space: Framatome and ENEA sign MoU to explore advanced technological solutions for designing lunar nuclear fission reactors		OPEC sees global energy demand soaring 60% by 2040 Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, OPEC said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far humanity's main source of power. ... more
Keystone pipeline could be US Republicans' first step Newly-empowered Republicans keen to strike a symbolic blow against President Barack Obama's divisive energy policy have a ready-to-launch opening salvo: Keystone, a controversial pipeline transporting Canadian tar-sands oil to US refineries. ... more		WTI, Brent both extend declines in Thursday trading Crude oil prices for December delivery extended their losses Thursday on word from the Organization of Petroleum Exporting Countries demand will slump. ... more		Report: Energy firms must be more open about payments to governments A Thursday report from Transparency International finds oil and gas companies aren't held to European and U.S. measures as closely as they should be. ... more		North Sea vitality top concern for London Moving forward with a plan to breathe new life into North Sea oil and natural gas fields is an "urgent task" for the government, London said Thursday. ... more

	Keystone XL may be filibuster-proof The outcome of the U.S. midterm elections means there may be enough votes in the full Senate to force a vote on Keystone XL legislation, results show. ... more		BHP: Eagle Ford shale products OK for exports Australian company BHP Billiton said it's concluded oil products processed from the Eagle Ford shale play in Texas are legally eligible for exports. ... more

Taiwan running out of time for satellite communications, space chief tells AFP

US lawmaker warns of military 'misunderstanding' risk with China

Venezuela accuses US of waging 'undeclared war,' urges UN probe

Syria army retakes gas fields from jihadists: monitor		Lundin keeps chin up in era of low oil prices		U.S. oil, gas sector economic bright spot		Brent falls on eurozone worries		Islamic State blamed for Iran, Iraq gas delays
Ukraine pays first debt installment to Gazprom		ONEOK boasts of shale gas infrastructure		'Price war' hits WTI, Brent prices hard		AAA: U.S. oil production keeps gas prices low		GDF Suez strengthens foundation in China

Marathon latest to take hit on low oil prices

Sanctions bite for Russia, European Commission says

Reserves offshore Congo greater than expected, SOCO says

TransCanada moves closer to eastern Canadian market

Countries with poor marine safety records linked to oil spill vessels

Air quality and unconventional oil and gas sites

Most mining, oil and gas and logging, involves inhabited land

Report: Islamic State seizes natural gas field in Syria

Minister: Oil prices no threat to Iran's economy

Kuwait enters Mexican energy sector

Gazprom gas production declines

EU declares relief with Ukrainian gas agreement

Advocates blast TransCanada pipeline proposal

U.S. producers say study backs end of oil export ban

WTI, Brent take big hits in Friday trading

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

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