Oil and Gas News

December 06, 2014

Sanctions show West is fearful, Putin says
Moscow (UPI) Dec 4, 2014
Sanctions targeting the energy sector are a response from a Western power base wary of the rise of post-Soviet Russia, President Vladimir Putin said Thursday. Putin delivered his annual State of the Union address at a time when the Russian economy is on the verge of a recession brought on by a bear market for crude oil and sanctions imposed on the country's energy sector. Sanctions targeting Russian oil company Rosneft and others were enacted in response to Russian military action in eas ... read more

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Dec 01

South Stream decision 'final' Kremlin decisions to end the pursuit of the South Stream natural gas pipeline project for Europe are final, the Russian energy minister said Thursday. ... more		WTI falls despite lower U.S. inventories Static U.S. oil production and lower inventories weren't enough to stave off a Thursday drop in West Texas Intermediate crude oil prices. ... more		Experts urge Norway oil fund to consider climate criteria An expert panel recommended Wednesday that Norway's sovereign wealth fund, the world's largest, give more consideration to climate change in its investments but stopped short of calling for it to spurn fossil fuels as demanded by environmentalists. ... more
				North Dakota unfazed by low oil prices North Dakota's governor rolled out his budget plans for the next year, saying the state's financial position was strong despite fears sparked by low oil prices. ... more		Texas study finds chink in U.S. shale gas armor A study of shale natural gas plays in the United States finds some of the predictions for long-term growth may be overly optimistic, the journal Nature reports. ... 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		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		Kazakhstan keen on TAPI gas pipeline Kazakhstan is interested in taking part in the multilateral natural gas pipeline project extending east from Turkmenistan, its government said. ... more
				U.S. shale player ONEOK resilient U.S. shale player ONEOK said it expects substantial and ongoing growth for its operations moving forward despite a volatile commodity environment. ... more		Iraqi oil deal good for security, U.S. says An Iraqi deal ending a simmering impasse over oil is an economic victory as well as a blow to Islamic State insurgents, the U.S. State Department said. ... more

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

Eni reviews market conditions with Venezuela While providing few specifics, Italian energy company Eni said Wednesday it was reviewing current world oil market conditions with its Venezuelan counterparts. ... more		Few contractors vocal on South Stream status Though most parties to the South Stream consortium are holding their tongues, an Italian company said it's received no formal notice the program was over. ... 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		Oil markets search for traction Good economic data Wednesday helped push oil markets slightly higher, though prices still reflected uncertainty following OPEC's production decision. ... more
Putin: South Stream "will not be carried out" 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. ... more		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

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

Iran drafting budget based on oil at $70 per barrel		WTI falls as new Gulf of Mexico oil production begins		Ukraine needs to court investors, EU says		TransCanada halts pipeline terminal over endangered whales		Oil prices leave December gate steady
Oxy spin-off in California starts first trading day		Germany's Wintershall grabs Norwegian Sea position		Iraqi oil production depends on external mechanisms		Russia revisits oil-for-goods deal with Iran		Spain's Canary islanders protest against oil drilling

China Strengthening Claim To South China Sea Oil And Gas

WTI moves near price where it could hurt

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

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