Oil and Gas News

December 25, 2014

North Dakota population hits record
Bismarck, N.D. (UPI) Dec 24, 2014
A booming economy in North Dakota, fed largely by the oil boom, is drawing in new residents at a record pace, the state's governor said. The state's population has increased 2.2 percent since last year, the fastest pace of any other state in the nation. Data from the U.S. Census Bureau show the population in North Dakota is 739,482, an all-time high. "Our economic growth over the last decade continues to keep North Dakotans home, and we are attracting new residents who come for good jobs ... read more

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China needing more energy, data show Efforts by the Chinese government to encourage sustainable growth have led to an increase in oil demand, government data released Wednesday show. ... more		Ukraine settles gas debt to Russia A Ukrainian energy company has settled its debt to Russian energy company Gazprom according to terms of an October agreement, the government said Wednesday. ... more		Russia called on to suspend arctic oil ambitions The Russian branch of the World Wide Fund for Nature said Russia needs to suspend exploration and production efforts in the arctic because of low oil prices. ... more
				Inventory data dings oil prices Global crude oil prices in Wednesday trading were off close to 2 percent on average on word U.S. crude oil inventories were on the rise. ... more		Texas drilling permits decline Though data suggest crude oil production is on an upward trend, the number of drilling permits in Texas dropped more than 3 percent, regulators said. ... more

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Russia battles to contain Black Sea oil spill A Russian Black Sea city declared a state of emergency Thursday after a burst pipeline spewed oil into the landlocked water body, with stormy weather hampering cleanup efforts. ... 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		China bids to host secretariat of new high seas treaty China's birth rate falls to lowest on record: official data South Africa flood toll rises, large parts of Mozambique submerged		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
				Hess eyes Asian markets with Australian LNG 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. ... more		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

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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		Interstellar raises major Series F funding to expand launch and satellite business Atomic 6 debris shields selected for Portal Space Systems mission Top Dumpster Rental Services in Miami (2026 Guide)		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		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		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

	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

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Morocco natural gas reserves emerging		BG Group readies for first Australian LNG shipments		Statoil ready for work in vast North Sea field		Ruble will rise, Putin aide says		Crude oil prices riding global stock market waves
War hurting Libyan oil, but NATO rules out intervention		Keystone XL no longer makes sense, critics argue		Enbridge oil pipeline restarted after spill		Chevron halts effort to explore Beaufort		Oil spill closes Enbridge line in Saskatchewan

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Sen. Hoeven: Keystone XL tops agenda for new Congress

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Oil Price Tumbles After OPEC Releases 2015 Forecast

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North Dakota funds economic diversity effort

Islamists mount air raid near key Libyan oil terminals

Chevron suspends Ukrainian shale efforts

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