Oil and Gas News

December 23, 2014

Hess eyes Asian markets with Australian LNG
New York (UPI) Dec 23, 2014
Natural gas taken from the deepwater deposits off the northwest coast of Australia could find their way on the Asian market, U.S. company Hess Corp. said. Hess, through its Australian subsidiary, signed a non-binding letter of intent with regional joint venture North West Shelf to develop deepwater gas basins off the Australian coast. Hess would then market liquefied natural gas to customers in the Asia-Pacific. The deal would allow Hess to take advantage of reserves locked in the Equus ... read more

Previous Issues

Dec 22

Dec 20

Dec 19

Dec 18

Dec 17

Tate Modern ordered to disclose BP funding A British tribunal ordered Tate art galleries in London to disclose its financial ties with British oil company BP before the end of January. ... more		U.S gas price decline breaks '08 recession record The U.S. price for a gallon of regular unleaded gasoline has declined for the longest stretch since the so-called great recession, motor club AAA reported. ... more		Oil prices tumble after Riyadh defends market position Crude oil prices retreated further in Monday trading after Saudi Arabia again defended its insistence on keeping production levels static. ... more
				U.S. economic lift boosts oil prices A U.S. Commerce Department revision of more than 1 percent growth for the U.S. economy helped boost struggling oil prices in Tuesday's trading session. ... more		Russia's Gazprom trims expenses Russian energy company Gazprom said Tuesday it was trimming expenses by more than $200 million in an effort to streamline operations going forward. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Exxon subsidiary hit with fines for gas operations An Exxon Mobil subsidiary agreed to spend $3 million to restore land in West Virginia damaged by oil and gas operations, the U.S. government announced. ... more		Dreams surface in Argentina's remote new oil hub Early-summer winds howl over the semi-arid plains of southern Argentina's Neuquen province, beside the towering Andes, where the land holds riches from dinosaur skeletons to oil and gas. ... 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		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		Moscow confirms status of South Stream A gas pipeline dubbed Turkish Stream will be built by Russian energy company Gazprom instead of the South Stream project for Europe, an official said Monday. ... more

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

Russia may scrap arctic oil ambitions Russian oil company Rosneft said Monday it may have to postpone its drilling program in the arctic temporarily, but doesn't rule out future operations. ... more		Iran wary of regional oil conspiracies The Iraqi speaker of parliament said Monday from Syria his government was mindful of regional players working against Tehran in the global oil marketplace. ... 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		Morocco natural gas reserves emerging Morocco could be emerging as a major regional player in terms of potential natural gas production, companies working on fledgling campaigns there said Monday. ... more
BG Group readies for first Australian LNG shipments A tanker designated to take the first shipments of liquefied natural gas from the Gladstone project in Australia has arrived at port, BG Group said Monday. ... more		Statoil ready for work in vast North Sea field Norwegian energy company Statoil said Friday it awarded a drilling contract to oil services company Schlumberger for the vast Mariner field in the North Sea. ... more		Ruble will rise, Putin aide says An aide to Russian President Vladimir Putin said Friday recent banking measures should sustain the rise in the value of the Russian currency, the ruble. ... more		Crude oil prices riding global stock market waves Word of a revision to Chinese growth domestic product and continued rallies in major stock market indices helped lift crude oil prices in global trading Friday. ... more

	War hurting Libyan oil, but NATO rules out intervention With conflict curbing Libya's oil potential, NATO officials said they've reviewed the situation, but have not discussed any military role in the country. ... more		Keystone XL no longer makes sense, critics argue A memo sent to the White House by lead environmental groups argues the Keystone XL pipeline planned from Canada fails key climate tests. ... 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

Enbridge oil pipeline restarted after spill		Chevron halts effort to explore Beaufort		Oil spill closes Enbridge line in Saskatchewan		Nature fires back at EIA shale gas critique		Oil markets climb along with global stock indices
Marathon trims capital programs for 2015		UN sends team to clean up Bangladesh oil spill		New York state bans fracking		Norwegian oil production down 5 percent		Sudan unveils oil ambitions

Kurdish oil vital for Iraq, London says

Obama bars oil, gas drilling in Alaska haven

Oil prices land blow to OPEC, EIA says

Sen. Hoeven: Keystone XL tops agenda for new Congress

Energy group questions Bristol Bay moratorium

U.S. drivers saving millions of dollars on gas

Oil Price Tumbles After OPEC Releases 2015 Forecast

More Kurdish oil expected after field upgrades

Chinese slowdown further drag on oil

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

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.