Oil and Gas News

January 02, 2015

Did The Saudis And The US Collude In Dropping Oil Prices?
Washington DC (SPX) Jan 02, 2015
The oil price drop that has dominated the Did The Saudis And The US Collude In Dropping Oil Prices?s in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage to the world's major oil exporters - most notably Russia. While the market explanation is partially true, it is simplistic, and fails to address key geopolitical pressure points in th ... read more

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Venezuelan economy slips into recession Venezuelan President Nicolas Maduro said he'd unveil economic reform efforts next year as an economy linked strongly to oil prices slips into recession. ... more		UN sees 'limited' impact of Bangladesh's Sundarbans oil spill United Nations experts said Wednesday they found "limited immediate impact" on the ecosystem of the world's largest mangrove forest in Bangladesh after a major oil spill early in December. ... more		Gazprom buys out South Stream partners Russian energy company Gazprom said it signed agreements with former joint venture partners to take full ownership of the South Stream gas pipeline group. ... more
				Russia takes more action to prop up ruble With low oil prices and Western sanctions taking their toll, the Central Bank of Russia said it was forced to take action to keep the national currency stable. ... more		U.S. oil export policies increasingly fluid A company planning exports of so-called condensate from the United States said it's operating according to precedent, though laws may be on the cusp of change. ... more

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Baker Hughes: U.S. rig count up from last year The number of rigs actively exploring for or producing U.S. oil and gas reserves was down short term, but still up year-on-year, Baker Hughes reported. ... more		Crude oil prices slide on last day of 2014 Crude oil prices were pummeled in the early Wednesday session on dueling reports showing growing evolution in the U.S. oil market. ... 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		U.S. clears Texas LNG export terminal U.S. federal regulators said they authorized Cheniere Energy, a liquefied natural gas pioneer, to move forward with its export terminal in Texas. ... more
				Libya pro-government forces shoot down militia chopper A Libyan jet shot down a militia helicopter Tuesday after Islamist-led fighters launched air strikes on a key oil terminal in the east of the country, a military spokesman said. ... more		Gazprom Neft hails oil success in Iraq Russian oil company Gazprom Neft said a third well now in service at the Badra oil field in Iraq ensures a production level of at least 15,000 barrels per day. ... more

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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		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		Car bomb near Syria gas plant kills 9: monitor 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. ... more
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		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

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

Ukraine settles gas debt to Russia		Inventory data dings oil prices		Russia called on to suspend arctic oil ambitions		Texas drilling permits decline		Russia battles to contain Black Sea oil spill
Hess eyes Asian markets with Australian LNG		Tate Modern ordered to disclose BP funding		U.S gas price decline breaks '08 recession record		Oil prices tumble after Riyadh defends market position		U.S. economic lift boosts oil prices

Russia's Gazprom trims expenses

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

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