Oil and Gas News

November 14, 2014

Early Signs Of A Pullback In Drilling Activity
Washington DC (SPX) Nov 14, 2014
By Nick Cunningham of Oilprice.com With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream. For example, ExxonMobil and Chevron have been insulated in the third quarter because of their large holdings in refining. Steep declines in oil prices may hur ... read more

Previous Issues

Nov 13

Nov 12

Nov 11

Nov 10

Nov 08

Moldova may be next front in EU gas war The European Commission said Thursday the people of Moldova aspire to a European agenda, one day after the former Soviet republic landed a Russian gas deal. ... more		US says air strikes cutting militants oil revenues US air strikes are beginning to choke off the flow of oil revenues to Islamic militants, cutting their income by several million dollars a week, a top US official said Thursday. ... more		Bakken behind rise in oil-by-rail shipments Crude oil production from North Dakota is more than the U.S. pipeline network can handle, forcing refiners to use rail, a federal report said Thursday. ... more
				EIA forecasts push oil price indices to new low Crude oil prices continued their steady decline in Thursday trading after a U.S. administrator said total domestic oil production should increase short-term. ... more		Shell says 2008 Nigeria spills bigger than thought Royal Dutch Shell said Thursday that two 2008 oil spills in Nigeria were larger than earlier thought, ahead of a compensation court case in England's High Court. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Kurds say deal reached with Baghdad over oil, salaries Iraq's autonomous region of Kurdistan said Thursday it had reached a breakthrough deal with Baghdad in a long-standing dispute over oil sales and salary payments. ... more		Keystone XL may be Landrieu's swan song "Elections have consequences" and it's time now to push ahead with a measure to pass the Keystone XL pipeline, a Senate Republican said. ... 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		Shale gas a top British priority, minister says Putting full support behind the fledgling shale natural gas industry is the top priority for the British government, the British energy minister said Thursday. ... more
				Mild European weather hurts gas company profits Two European energy companies said Thursday their fiscal performance was hurt by a mild winter, while the demand economy showed signs of slowing down. ... more		Most fracking chemicals as toxic as common household substances The "surfactant" chemicals found in samples of fracking fluid collected in five states were no more toxic than substances commonly found in homes, according to a first-of-its-kind analysis by resear ... more

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

U.S. oil bubble bursts by 2020s, IEA warns "Breathing space" in global crude oil markets ushered in by U.S. shale oil output doesn't mean the glut will last forever, the IEA said in a Wednesday report. ... more		EIA: 'Modest' benefits from LNG exports An increase in natural gas production from U.S. shale basins should support export growth, but the economic benefits will be modest, the government said. ... 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		British government funding so-called shale colleges The British government said Wednesday it was seizing the shale moment through the creation of university programs aimed at training the next energy generation. ... 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		Low gas prices translate to high consumer confidence The National Association of Convenience stores said Wednesday less cash spent at the gas station should translate to more money going to holiday spending. ... more		Crude oil prices recoil after OPEC report U.S. and global crude oil price indices moved lower in Wednesday trading after OPEC raised its outlook for world oil production moving forward. ... more

	It was Sept. 25 last time gas prices went up 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. ... more		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

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

Wood Mackenzie: Oil exports hinge on U.S. political maneuvering		Outlook uncertain for offshore Norway, a major energy supplier for Europe		WTI price no deterrent in U.S. shale basins		Seismic opposition to British shale study		Putin: Russian economy is in check
Output should return soon for Libya oil		Report: Israel wants more U.S. gas partners		Chinese oil imports up 18 percent		China's 'new normal' lifts oil prices		Canada eager to tap into Chinese market

BP commits to big Egyptian investments

G20 states spend $88bn in fossil fuel exploration subsidies: report

Iraqi Kurds exported $2.87 bn in oil this year

House lays out pro-Keystone XL agenda

Santos Australian LNG project nearly completed

Cleaner power coming to Wisconsin

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

Free Newsletters - Space - Defense - Environment - Energy

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.