Oil and Gas News

December 11, 2014

U.S. oil group applauds pro-export bill
Washington (UPI) Dec 10, 2014
A consortium of oil producers in the United States said it welcomed the introduction of a bill that would ease restrictions on U.S. crude oil exports. Rep. Joe Barton, R-Texas, introduced a bill Tuesday that would remove all restrictions on the export of crude oil from the United States. Output from U.S. shale, he said, has placed the country as the top oil producer in the world and laws governing the market don't reflect that position. "The most recent estimates show that the U.S. has m ... read more

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Dec 04

U.S. House weighs oil export ban House leaders hear testimony Thursday on policies restricting crude oil exports, arguing America's updated energy outlook mean it's time to redraft the rules. ... more		Russia sees promise in energy ties with India Bilateral efforts to expand cooperation in the oil and gas sector between Russia and India hold "great promise," the Kremlin said Thursday. ... more		Mexico readies for offshore licensing round The first package of licenses for work in the shallow waters off the coast of Mexico is coming as the government weighs the market for crude, an official said. ... more
				'Catastrophic' Bangladesh oil spill threatens rare dolphins An oil spill from a crashed tanker in Bangladesh is threatening endangered dolphins in the vast Sundarbans delta, officials warned Thursday, calling it an ecological "catastrophe". ... more		U.S. importing more Venezuelan oil U.S. data show oil imports from Venezuela increased more than 60 percent during the same week that Washington lawmakers looked to tighten sanctions pressure. ... more

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Faith in oil prices faltering Crude oil prices continued their steady decline Thursday after the previous down day despite signs of steady recovery in the U.S. labor market. ... more		KBR announces restructuring plans Services company KRB said Thursday it was streamlining its business operations to focus on core strengths in hydrocarbons and government services. ... more		Typhoon Ragasa hits south China after killing 15 in Taiwan Toxic homes a lasting legacy of Los Angeles fires Climate change causing havoc with global water cycle: UN		Oil price drop a conspiracy, Iran's president says While describing the slump in oil prices as a plot against Middle East producers, Iran's president said Wednesday it's time to wean the budget from oil. ... more
				BP's Dudley seeks to right the ship At a time when crude oil prices continue to shed value, BP Chief Executive Officer Bob Dudley said Wednesday he was working to "right-size" the company. ... more		Low gas prices will be commonplace, market analysts say While there is a floor for U.S. gasoline prices, there are few signs pointing to an end to a new era of relief at the pump, price watchers said. ... more

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

Oil prices slump in response to OPEC report Crude oil futures suffered another blow Wednesday as OPEC in its monthly market report for December trimmed its forecast for global oil demand for 2015. ... more		New study measures methane emissions from gas wells A team of researchers from the Cockrell School of Engineering at The University of Texas at Austin and environmental testing firm URS reports that a small subset of natural gas wells are responsible ... more		NASA says on track to send astronauts around the Moon in 202 NASA launches mission to study space weather NASA's ESCAPADE craft returns to Florida for fall mission to Mars		Medvedev: Russia never recovered from '08 collapse Russia's economy, burdened by sanctions targeting its energy sector and low prices, hasn't recovered from the 2008 crisis, the prime minister said Wednesday. ... more
Technology-dependent Emissions of Gas Extraction in the US Not all boreholes are the same. Scientists of the Karlsruhe Institute of Technology (KIT) used mobile measurement equipment to analyze gaseous compounds emitted by the extraction of oil and natural ... more		Liu Tienan: from planner to prisoner, via mistress Over decades as a Chinese technocrat, Liu Tienan rose to become one of the top planners of the world's second-largest economy, but was brought down by a former lover. ... more		Canada vows to make pipelines safer 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. ... 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		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

US lawmaker warns of military 'misunderstanding' risk with China

Spain approves 'total' arms embargo against Israel

Khamenei says Iran 'won't yield' to pressure to abandon uranium enrichment

Zero carbon emission goal not 'realistic': Saudi Arabia		WTI, Brent rebound after historic slump		$2.50 gas by Christmas, AAA says		Eni brings more oil online offshore Angola		Kazakhstan unveils massive investment program
IMF: Less Iraq contraction in 2014 on rising oil output		New Zealand drawing more energy interest		Kremlin lauds ties with energy-hungry China		Canada will only curb oil sector emissions when US does: PM		Is natural gas a 'bridge' to a hotter future?

Abandoned oil and gas wells emit 'significant' methane: study

US Supreme Court rejects BP challenge to Gulf settlement

Oil prices down after lacklustre Chinese trade data

No floor yet for Brent crude oil

Montney companies seek more infrastructure

Russia, U.S. each praise Iraqi oil developments

Biden: Iran feeling squeeze of lower oil prices

Oil spill Israel's 'biggest ecological disaster': expert

British shale pioneer courts local labor pool

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

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