Oil and Gas News

December 18, 2014

New York state bans fracking
New York (AFP) Dec 17, 2014
Governor Andrew Cuomo said Wednesday he would ban hydraulic fracking in New York State, citing health concerns about the controversial oil and gas drilling technique. The announcement extends a de facto New York ban on the practice, which offers the potential to unlock vast quantities of natural gas but which has come under intense scrutiny from environmentalists. The energy industry complains that New York has lost jobs and investment by not following neighboring states by drilling into Marcell ... read more

Previous Issues

Dec 17

Dec 16

Dec 15

Dec 12

Dec 11

Norwegian oil production down 5 percent Production figures from Norway show average daily oil production down about 5 percent year-on-year, a national regulator said in Wednesday report. ... more		Sudan unveils oil ambitions The Sudanese government aims to increase oil reserves by tapping more than 250 new wells next year, the country's oil minister said. ... more		Kurdish oil vital for Iraq, London says Developing the oil export potential in the Kurdish region of Iraq will help secure the future of a united country, the British energy minister said Wednesday. ... more
				Obama bars oil, gas drilling in Alaska haven President Barack Obama declared Alaska's ecologically rich Bristol Bay off-limits for oil and gas exploration on Tuesday, saying the move was necessary to safeguard the region's fishing and tourism industries. ... more		Oil prices land blow to OPEC, EIA says The U.S. Energy Information Administration warned OPEC members might need to trim their budgets as oil prices continued their steady decline Wednesday. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Sen. Hoeven: Keystone XL tops agenda for new Congress The Keystone XL oil pipeline planned to cross the U.S.-Canadian border will be the first order of business for the next Congress, Sen. John Hoeven said. ... more		Energy group questions Bristol Bay moratorium Alaskan energy producers expressed dismay over a presidential decision to put the Bristol Bay off limits, though environmentalists lauded its stewardship. ... 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		Encana: U.S. shale tops agenda despite low oil prices Capital efforts in U.S. shale basins for 2015 are tailored to account for a "volatile price environment," Canadian energy company Encana said Tuesday. ... more
				North Dakota funds economic diversity effort Grants totaling more than a quarter of a million dollars will help communities across North Dakota diversify their economy, U.S. Sen. John Hoeven, R-N.D., said. ... more		Islamists mount air raid near key Libyan oil terminals Islamist militias launched an air strike near key oil terminals in eastern Libya on Tuesday, stepping up a battle for the government-held facilities, a security official said. ... more

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

Chevron suspends Ukrainian shale efforts U.S. energy company Chevron said it was still looking for opportunities in Ukraine, but opted to shelve a contract to tap the country's shale gas potential. ... 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		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		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
U.S. drivers saving millions of dollars on gas Consumer benefits of low oil prices are "abundantly clear" as U.S. drivers are saving more than $400 million per day on gasoline, motor club AAA said. ... more		Oil Price Tumbles After OPEC Releases 2015 Forecast The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC's latest forecast. And that's just ... more		More Kurdish oil expected after field upgrades Oil companies working in the Kurdish north of Iraq said Tuesday they completed infrastructure that should increase total production by more than 60 percent. ... more		Chinese slowdown further drag on oil Signs of a slowdown in Chinese manufacturing hammered an already-bruised oil market, pushing Brent crude oil to its lowest point in five years. ... more

	Oil price indices get minor lift Though OPEC ministers said the market will determine the floor, crude oil prices rallied Monday on word Libyan clashes closed two key oil terminals. ... more		North Sea oil player, Noreco, hurt by low oil prices Noreco, a Norwegian energy company focused on North Sea oil operations, said Monday its financial situation was deteriorating because of low oil prices. ... 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

New major gas find offshore Israel		Offshore Congo exceeds Eni's expectations		China extends $2bn credit line to Angolan state oil firm		Impact and toxicity of biocides used in fracking remains largely unknown		Norway's Oil Decline Accelerating
Apache dumps Australian, Canadian LNG assets		Technology-dependent Emissions of Gas Extraction in the US		Stanford professor discusses minimizing impact of fracking		Iran to seek end to 'cruel' sanctions on energy		After Lima, Peru criticized for oil policies

Crude oil cargo for ESA's first flight with China

US Congress moves to approve Russia sanctions, arms for Ukraine

Too soon to lift oil export ban, Congress hears

EU: Gas security still hinges on Ukraine

Economist: Iran needs oil at $125 per barrel

IEA outlook bruises oil markets further

Boat protest against Canaries oil prospecting

Bangladeshis use sponges to clean oil spill threatening dolphins

U.S. oil group applauds pro-export bill

U.S. House weighs oil export ban

Russia sees promise in energy ties with India

Mexico readies for offshore licensing round

'Catastrophic' Bangladesh oil spill threatens rare dolphins

U.S. importing more Venezuelan oil

Faith in oil prices faltering

KBR announces restructuring plans

Oil price drop a conspiracy, Iran's president says

BP's Dudley seeks to right the ship

Low gas prices will be commonplace, market analysts say

Oil prices slump in response to OPEC report

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor

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.