Oil and Gas News

November 12, 2014

It was Sept. 25 last time gas prices went up
Washington (UPI) Nov 11, 2014
It's been 47 days since the U.S. average price for a gallon of gasoline increased, the longest streak in six years, motor club AAA said. AAA reports a national average price for a gallon of regular unleaded gasoline at $2.926, just one tenth of one cent lower than Monday's average price. Nevertheless, it's been nearly two months since the average price went up, the longest streak since the middle of the last decade. Gasoline prices in the United States passed below the psychological thre ... read more

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Sagenet/SpaceNet Add SES Capacity For US Oil and Gas Sector Global satellite operator SES has announced at the Oilcomm 2014 Conference that it has signed a new capacity agreement with SageNet/Spacenet to help energy companies connect their mission-critical o ... more		Wood Mackenzie: Oil exports hinge on U.S. political maneuvering If nothing happens soon, lifting restrictions on crude oil exports will have to wait until after U.S. presidential elections in 2016, Wood Mackenzie says. ... more		Outlook uncertain for offshore Norway, a major energy supplier for Europe The world economy remains fragile and, with oil prices at historic lows, investments in the Norwegian energy sector may be tempered, an industry group said. ... more
				WTI price no deterrent in U.S. shale basins The benchmark for U.S. crude oil prices was treading water in early Tuesday trading, one day after a report showed few signs of a slowdown in the shale boom. ... more		Seismic opposition to British shale study A call from academia to loosen the rules for the fledgling British shale industry could lead to "shock waves" of opposition, an advocacy group said Tuesday. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		Putin: Russian economy is in check Russian President Vladimir Putin said from an economic summit in Beijing there'd be no increase in state deficits despite sanctions on Russian energy companies. ... more
				Output should return soon for Libya oil Oil should start flowing again from one of Libya's largest fields, just days after a militant takeover, a spokesman for the Libyan National Oil Co. said Monday. ... more		Report: Israel wants more U.S. gas partners Israel is on the cusp of becoming a natural gas exporter and is inviting U.S. energy companies to join in reaping the rewards, an official said from Houston. ... more

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

Chinese oil imports up 18 percent Chinese government data show crude oil imports were up 18 percent in October year-on-year, though down from the month prior by more than 10 percent. ... more		China's 'new normal' lifts oil prices Crude oil prices started Monday on a high note after the Chinese president said economic growth was entering a new growth phase. ... more		Western researchers support international collaboration for planetary defence NASA says on track to send astronauts around the Moon in 2026 How Aussies Are Cutting Paperwork From Everyday Life		Canada eager to tap into Chinese market There are huge economic benefits to working with Chinese businesses in all areas, including the energy sector, Canadian Prime Minister Stephen Harper said. ... more
BP commits to big Egyptian investments British energy company BP said Monday it was committed to investing heavily in the Egyptian energy sector for the benefit of the Egyptian people. ... more		G20 states spend $88bn in fossil fuel exploration subsidies: report Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives and increasing the risk of "dangerous climate change", a report said Tuesday. ... more		Iraqi Kurds exported $2.87 bn in oil this year Iraq's autonomous Kurdish region has exported $2.87 billion of oil by pipeline and truck since the beginning of 2014, it announced in a statement on Friday. ... more		House lays out pro-Keystone XL agenda A Republican-led House Energy Committee said that, while Keystone XL is just one piece of the energy puzzle, it's a key component of the wider whole. ... more

	Santos Australian LNG project nearly completed Australian company Santos said Friday it installed the final pieces of a liquefied natural gas plant on Curtis Island, off the country's eastern coast. ... more		Cleaner power coming to Wisconsin Alliant Energy Wisconsin customers could soon reap the benefits of having cleaner, reliable energy powering their homes and businesses. Alliant Energy's Wisconsin utility has unveiled plans to expan ... more

Trump to U.N.: 'Your countries are going to hell'

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

US lawmaker warns of military 'misunderstanding' risk with China

The Driving Force Behind the US Oil Boom		U.S. shale gas output breaking records		Report: East Africa new energy 'hot spot'		Statoil completes exploration season in Barents Sea		US-led air raids hit jihadist-held Syria oil field
New low for Russian currency		OPEC says energy demand to soar 60% by 2040		WTI, Brent show signs of life		Denton frack ban challenged in Texas court		Shale license extended in Ukraine

OPEC sees global energy demand soaring 60% by 2040

Keystone pipeline could be US Republicans' first step

WTI, Brent both extend declines in Thursday trading

Report: Energy firms must be more open about payments to governments

North Sea vitality top concern for London

U.S. rig activity up 10 percent year-on-year

BP awards $40 million Shah Deniz gas contract

IEA: Asia missing out on LNG opportunities

Syrian army retakes Shaer gas field from IS: state TV

Keystone XL may be filibuster-proof

BHP: Eagle Ford shale products OK for exports

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

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