Oil and Gas News

December 03, 2014

Putin: South Stream "will not be carried out"
Ankara, Turkey (UPI) Dec 2, 2014
If the European community doesn't want to back the planned South Stream gas pipeline, it will be taken off the table, the Russian president said from Ankara. Russia energy company Gazprom said Tuesday it signed a memorandum of understanding in Turkey, its second largest customer, to build a new gas pipeline through the Black Sea. Turkey sits at the crossroads between the East and the West. Billing itself as an important energy hub, the country is also slated to host parts of the Southern ... read more

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Russian economy falters Russian economic growth is expected to fall below 1 percent in part because of investment uncertainty and sanctions pressure, a minister said Tuesday. ... more		Gas has been below $3 for a month U.S. gasoline prices have fallen more than 50 cents over 68 consecutive days and have been below $3 per gallon nationally for a full month, motor club AAA said. ... more		Migrant workers among 7 dead in Libya air raid Seven people were killed, including five African migrant workers, as pro-government forces carried out air strikes Tuesday on the coastal city of Zuara in western Libya, an official said. ... more
				Iraq government, Kurds strike deal on budget, oil Iraq's government and the autonomous Kurdish region announced Tuesday an agreement resolving their longstanding disputes over the budget and oil exports, boosting prospects of closer cooperation against jihadists. ... more		U.N. welcomes Iraqi, Kurdish oil deal The U.N. special envoy to Iraqi said Tuesday an agreement between the Kurdish and federal government is a turning point for the country's oil sector. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Iran drafting budget based on oil at $70 per barrel The Iranian government said Tuesday it was drafting its annual budget for the next calendar year on the assumption that oil prices will be $70 per barrel. ... more		WTI falls as new Gulf of Mexico oil production begins With even more oil entering the U.S. stage, the price for West Texas Intermediate crude oil dropped more than $1 per barrel in early Tuesday trading. ... more		Philippines 'ghost' flood projects leave residents stranded Toxic homes a lasting legacy of Los Angeles fires 'Greatest con job ever': Trump trashes climate science at UN		Ukraine needs to court investors, EU says Ukraine, an important energy transit nation for Europe, needs to rebrand itself as a safe haven for foreign investors, Europe's neighborhood commissioner said. ... more
				TransCanada halts pipeline terminal over endangered whales Oil company TransCanada suspended construction of a terminal on a major pipeline along the St. Lawrence River Monday after Canadian authorities classified a nearby population of beluga whales as "endangered." ... more		Oil prices leave December gate steady Oil markets held their breath on Monday, the first trading day in December, despite signs of trouble in Asia and last week's static production signal from OPEC. ... more

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

Oxy spin-off in California starts first trading day California Resources Corp., a spin-off of Occidental Petroleum Corp., starts trading Monday as an independent entity, the parent company announced. ... more		Germany's Wintershall grabs Norwegian Sea position The Norwegian government said Monday it's given German energy company Wintershall consent to drill in the Norwegian Sea after completing a deal with Statoil. ... more		Western researchers support international collaboration for planetary defence NASA says on track to send astronauts around the Moon in 2026 NASA's Parker Solar Probe Sails Through 25th Sun Flyby		Iraqi oil production depends on external mechanisms Building momentum behind the post-war oil industry in Iraq depends in part on long-term investments, the Iraqi oil minister said. ... more
Russia revisits oil-for-goods deal with Iran Russia's minister of economic development said an oil-for-goods deal with Iran is on the cusp of realization. ... more		Spain's Canary islanders protest against oil drilling About 200 people, including tourists, formed a giant "SOS" on a beach on Spain's Canary Islands on Sunday to protest against drilling for oil off the archipelago. ... 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

	China Strengthening Claim To South China Sea Oil And Gas Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting significant land reclamation operations in the Sp ... more		WTI moves near price where it could hurt The U.S. benchmark price for crude oil fell below what some analysts see as the break-even price for shale, one day after OPEC's decision to keep output steady. ... 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

China hikes gasoline, diesel consumption tax		Seized Greenpeace ship leaves Canaries after bail paid		Offshore oil drilling inspires maritime conflicts across the globe		House Republicans want export ban reviewed		Brent sheds close to $1 ahead of OPEC meeting
Iran Negotiations, OPEC Meeting Loom For Oil Markets		Give thanks for low gasoline prices		Pipeline to Pakistan still viable, Iran says		North Dakota reviews oil train safety measures		South Stream still on Russian table

Oil in positive territory on good economic data

Chinese island project in disputed waters 'justifiable': general

Sanctions cost Russia at least $40 billion

U.S. not on oil map for Nigeria

Oil prices slump after Iranian nuclear row continues

Georgia: Gas project will strengthen hand

Routine maintenance sparked Gulf oil platform accident, firm says

Majority in Spain's Canary Islands oppose oil exploration: poll

By some calculations, U.S. gas prices end 60-day slump

Iran offers assurances to trading partners

Moscow working to save oil face

EIA reviewing crude oil export ban

WTI price no shale threat

TAPI to get project developer by early 2015

Greenpeace says it's the target of aggression

One dead in Gulf of Mexico rig accident

Shale revolutionary for United Kingdom, company boss says

Crude oil prices continue upward swing

Shots fired in U.S. oil export row

Ineos in $1bn bid to become UK's biggest fracking firm

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