Oil and Gas News

December 19, 2014

Oil spill closes Enbridge line in Saskatchewan
Calgary, Alberta (UPI) Dec 18, 2014
Canadian pipeline company Enbridge said it shut down a pipeline in Saskatchewan after more than 1,000 barrels of oil were spilled. Enbridge closed its Line 4 pipeline after the release was discovered late Tuesday. The company said there were no environmental or public health concerns as the spill was limited to an on-site pumping station. "Nearby residents and businesses may detect a faint odor," the company said in a statement Wednesday. "Air monitoring is being conducted and levels are ... read more

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Nature fires back at EIA shale gas critique The journal Nature stands by the accuracy of a feature questioning the longevity of the growth in U.S. shale natural gas, the features editor said Thursday. ... more		Chevron halts effort to explore Beaufort Chevron has suspended plans for Arctic exploration offshore Canada due in part to uncertainty following the drop in oil prices, the company told regulators this week. ... more		Oil markets climb along with global stock indices Steady improvements in the U.S. economy and economic assurances offered Thursday by the Russian president helped right the ship for crude oil markets. ... more
				Marathon trims capital programs for 2015 Marathon Oil Corp. said trimming its 2015 capital program by 20 percent was a reflection of the need to manage cash flow in the bear market for crude oil. ... more		UN sends team to clean up Bangladesh oil spill The United Nations said Thursday it has sent a team of international experts to Bangladesh to help clean up the world's largest mangrove forest, more than a week after it was hit by a huge oil spill. ... 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		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		New York state bans fracking 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. ... more
				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

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

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		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		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
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		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

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

Encana: U.S. shale tops agenda despite low oil prices		North Dakota funds economic diversity effort		Islamists mount air raid near key Libyan oil terminals		Chevron suspends Ukrainian shale efforts		Oil price indices get minor lift
North Sea oil player, Noreco, hurt by low oil prices		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

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