Oil and Gas News

December 09, 2014

Canada vows to make pipelines safer
Ottawa (UPI) Dec 9, 2014
The Canadian government said it's committed to a world-class regime for pipeline safety, calling for new "polluter pays" rules and other control measures. The government of Prime Minister Stephan Harper outlined amendments to pipeline safety rules, rules it says will lead to one of the safest networks of pipelines in the world. "The Harper government is committed to having a world-class safety system in place for pipelines and other energy transportation and production sectors," it said. ... read more

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Dec 08

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Dec 02

New Zealand drawing more energy interest More and more energy companies are flocking to take advantage of the potential offshore New Zealand, the country's energy minister said Tuesday. ... more		Kremlin lauds ties with energy-hungry China The growing relationship between Russia and China in the new century is supported in part on energy agreements, Russia's foreign minister said Tuesday. ... more		Conoco shale spending plans down for 2015 U.S. energy company ConocoPhillips said it was trimming its capital spending program for 2015, with funding targeting U.S. shale basins down 20 percent. ... more
				Zero carbon emission goal not 'realistic': Saudi Arabia Setting a target of zero carbon emissions by 2050 is not "realistic," Saudi Arabia's chief negotiator at UN talks for a new, world climate pact said in Lima Monday. ... more		WTI, Brent rebound after historic slump Global crude oil indices recovered Tuesday from the previous session's lows as U.S. Secretary of State John Kerry brushed off allegations of a price war. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

$2.50 gas by Christmas, AAA says The U.S. national average price for a gallon of regular unleaded gasoline could fall another 16 cents to $2.50 by Christmas, motor club AAA said. ... more		Eni brings more oil online offshore Angola The start of a new development project in deep Angolan waters should yield 100,000 barrels of oil per day in the coming months, Italian energy company Eni said. ... 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 unveils massive investment program In times of austerity, most governments cut back expenditures and raise taxes. ... more
				IMF: Less Iraq contraction in 2014 on rising oil output The International Monetary Fund on Tuesday said Iraq's oil-dependent economy was expected to contract much less than previously thought this year due to rising oil production. ... more		Canada will only curb oil sector emissions when US does: PM Canada will only impose regulations to cut carbon emissions from its oil and gas sector - its top source of emissions - if and when the United States moves to do the same, the prime minister said Tuesday. ... more

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

Is natural gas a 'bridge' to a hotter future? Natural gas power plants produce substantial amounts of gases that lead to global warming. Replacing old coal-fired power plants with new natural gas plants could cause climate damage to increase ov ... more		British shale pioneer courts local labor pool The labor pool in Lancashire is ready to usher in the new era of British shale natural gas, the top executive at shale pioneer Cuadrilla Resources said. ... 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		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		Abandoned oil and gas wells emit 'significant' methane: study A significant amount of the potent greenhouse gas methane may be leaking into the atmosphere from abandoned oil and gas wells, according to a study in Pennsylvania out Monday. ... more		US Supreme Court rejects BP challenge to Gulf settlement The US Supreme Court on Monday refused to hear energy giant BP's challenge to a settlement ordering it to pay hundreds of millions of dollars to businesses hurt by the 2010 Gulf of Mexico oil spill. ... more		Oil prices down after lacklustre Chinese trade data Crude hit fresh five-year-lows Monday following another weak batch of trade data out of China, while prices were also pressured by the strengthening dollar, analysts said. ... more

	No floor yet for Brent crude oil With analysts slashing expectations, Brent crude oil prices dropped Monday to their lowest price in more than five years as the search for bottom continues. ... more		Montney companies seek more infrastructure What does it take to build up a new region for oil and gas development? Obviously, the resources have to be in place and economically recoverable. But it is not as easy as just sticking a drill into ... 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

Russia, U.S. each praise Iraqi oil developments		Biden: Iran feeling squeeze of lower oil prices		Oil spill Israel's 'biggest ecological disaster': expert		Statoil suspends rig operations in rough market		Low appetite dragged South Stream down
Kurdish oil market evolving quickly		Gazprom gets $480 million credit assurance		WTI shrugs off modest economic data		U.S. rig count steady, Baker Hughes finds		Zhou Yongkang: oil man whose well of power finally ran dry

Sanctions show West is fearful, Putin says

South Stream decision 'final'

WTI falls despite lower U.S. inventories

Experts urge Norway oil fund to consider climate criteria

North Dakota unfazed by low oil prices

Texas study finds chink in U.S. shale gas armor

Kazakhstan keen on TAPI gas pipeline

U.S. shale player ONEOK resilient

Iraqi oil deal good for security, U.S. says

Eni reviews market conditions with Venezuela

Few contractors vocal on South Stream status

Oil markets search for traction

Putin: South Stream "will not be carried out"

Russian economy falters

Gas has been below $3 for a month

Migrant workers among 7 dead in Libya air raid

Iraq government, Kurds strike deal on budget, oil

U.N. welcomes Iraqi, Kurdish oil deal

Iran drafting budget based on oil at $70 per barrel

WTI falls as new Gulf of Mexico oil production begins

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