Oil and Gas News

December 30, 2014

Car bomb near Syria gas plant kills 9: monitor
Beirut (AFP) Dec 29, 2014
A car bomb explosion near a gas plant in Syria's Homs province on Monday killed nine people including four soldiers, a monitoring group said, updating an earlier toll. The jihadist Islamic State (IS) group claimed responsibility for the attack and said the two bombers were killed. State news agency SANA confirmed the attack but said that troops had captured the bombers. "Five employees and four regime troops guarding the Firqlos gas plant were killed in a car bomb blast near the facility in ... read more

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British energy players facing tight purse strings Companies listed on the London exchange that were set up to exploit higher oil and gas prices are running out of cash, analysis published Monday finds. ... more		Libya's losses mount as oil terminal burns Around $100 million worth of crude oil has gone up in flames as a result of a blaze burning at a tank storage facility in Libya, the government said. ... more		China's largest inland oil field depleting The decline in crude oil prices means output from China's inland Daqing oil field will start to drop off beginning next year, an official at PetroChina said. ... more
				The state of shale University of Pittsburgh researchers have shared their findings from three studies related to shale gas in a recent special issue of the journal Energy Technology, edited by Gotz Veser, the Nickolas ... more		North Dakota population hits record 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. ... 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		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		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		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
				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		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

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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		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		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		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
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		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

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

Exxon subsidiary hit with fines for gas operations		Dreams surface in Argentina's remote new oil hub		Moscow confirms status of South Stream		Russia may scrap arctic oil ambitions		Iran wary of regional oil conspiracies
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

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

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