Oil and Gas News

January 06, 2015

Fracking confirmed as cause of rare 'felt' earthquake in Ohio
San Francisco CA (SPX) Jan 06, 2015
A new study links the March 2014 earthquakes in Poland Township, Ohio to hydraulic fracturing that activated a previously unknown fault. The induced seismic sequence included a rare felt earthquake of magnitude 3.0, according to research published online by the Bulletin of the Seismological Society of America (BSSA). In March 2014, a series of five recorded earthquakes, ranging from magnitude 2.1 to 3.0, occurred within one kilometer (0.6 miles) of a group of oil and gas wells operated by Hilcorp ... read more

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Statoil's new North Sea operations will run by remote control Norwegian energy company Statoil said it started operations at a North Sea platform that will eventually be run by remote control from the shore. ... more		Iran breaking economic ties with oil An Iranian government spokesman said he expected the share of oil revenue designated in next year's budget to be down by about 30 percent. ... more		Milestone for Kurdish oil, companies announce Companies operating in the Kurdish north of Iraq said Monday they reached a milestone in terms of production and shipments for exports through Turkey. ... more
				Oil beats other commodities for recent losses Oil prices lost more value than any other commodity last year, the U.S. government said, and are moving closer to historic lows in Monday trading. ... more		Libya air force says bombed tanker in Islamist-held port The air force of Libya's internationally recognised government said Monday that it carried out a deadly weekend air strike on an oil tanker in the Islamist-held eastern port of Derna. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Croatia awards offshore licenses Italian energy company Eni and its partners at Rockhopper Exploration said Monday they were among the first to win licenses for work off the coast of Croatia. ... more		Iraq oil exports soar but low prices hit revenue Iraq's oil exports reached their highest level in decades in December, the oil ministry's spokesman said on Saturday, but vital revenues were being hit by the plummeting prices of crude. ... 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		Libyan oil tanker struck off Singapore's coast Maritime authorities in Singapore said Friday they deployed air surveillance teams to investigate oil spilled after two tankers collided off its coast. ... more
				Venezuela's Maduro heads to China to seek financial aid Venezuelan President Nicolas Maduro begins a trip to China and OPEC member countries late Sunday in search of financial support as his country reels from falling oil prices and a tattered economy. ... more		Croatia grants 10 Adriatic energy exploration licences The Croatian government on Friday granted three groups the rights to explore for oil and gas in the Adriatic, as part of its bid to become a key energy supplier in the region. ... more

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

Parts of Libya in the dark Power shortages that came as a result of fighting in and around the Libyan port city of Ras Lanuf are expected to continue, an electric company said. ... more		Cyprus warns Turkey against any new energy moves Cyprus warned Turkey Friday that if it re-entered the exclusive economic zone where Nicosia has licensed exploratory drilling there would be no chance of resuming stalled UN-brokered peace talks. ... 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		Iran's non-oil exports on the rise Non-oil exports from Iran have increased by around 20 percent since March as the economy broadens its diversity, a customs official said. ... more
Did The Saudis And The US Collude In Dropping Oil Prices? 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 me ... 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		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		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		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

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

Crude oil prices slide on last day of 2014		U.S. clears Texas LNG export terminal		Libya pro-government forces shoot down militia chopper		Gazprom Neft hails oil success in Iraq		Venezuelan economy slips into recession
UN sees 'limited' impact of Bangladesh's Sundarbans oil spill		Gazprom buys out South Stream partners		Car bomb near Syria gas plant kills 9: monitor		British energy players facing tight purse strings		Libya's losses mount as oil terminal burns

China's largest inland oil field depleting

The state of shale

North Dakota population hits record

China needing more energy, data show

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

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