Oil and Gas News

January 10, 2015

LNG demand not materializing in Asia
Singapore (UPI) Jan 8, 2015
Demand for liquefied natural gas in the Asian market hasn't materialized as expected, analysis published Thursday by Wood Mackenzie finds. Giles Farrer, principal analyst for the global LNG market at Wood Mackenzie, said production of LNG was on the rise, but the demand wasn't matching the increase as the industry moves past its 50th anniversary. "The big surprise was that Asian LNG demand was much lower than expected. Demand in emerging markets, like China, failed to grow to the extent ... read more

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Jan 09

Jan 07

Jan 06

Jan 05

U.S. oil production holding steady U.S. crude oil production increased slightly for the week ending Jan. 2 despite a decline in rig activity and slumping prices, government data show. ... more		Oil price slump hits Canadian producer Canadian energy company ARC Resources Ltd. said it plans to sell more than 15 million shares to raise capital to fund operations in the slumping oil market. ... more		World Bank sees oil prices shifting economic dynamics The low price of crude oil is expected to last in 2015, shifting incomes from exporting countries like Russia to importers, the World Bank Group said. ... more
				Oil markets holding steady on mixed economic news More mixed news on the economic front left oil markets in flux as U.S. and European metrics produced Thursday show uneven growth in the global arena. ... more		Turkey remains keen on European gas Turkey's embrace of a Russian natural gas pipeline project doesn't mean Ankara has turned its back on the European energy sector, the energy minister said. ... more

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Top Five Factors Affecting Oil Prices In 2015 Top Five Factors Affecting Oil Prices In 2015 As we ring in the New Year, let's take stock of where we are at with the oil markets. 2014 proved to be a momentous one for the oil markets, having seen ... more		China to invest $20 bn in struggling Venezuela: Maduro China has agreed to more than $20 billion in investments in economically struggling Venezuela, the South American nation's president Nicolas Maduro said Wednesday during a summit meeting in Beijing. ... 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		Shale player pulls plug on Ukraine The economic climate in Ukraine is no longer conducive to continue investing in shale natural gas opportunities, producer JKX Oil & Gas said Wednesday. ... more
				Canada jumps into Keystone XL fray Alberta's premier said he was planning a trip to Washington to make the case that the Keystone XL oil pipeline is in the best interest of the region. ... more		Oil mixed in Wednesday session Mixed news on the economic and oil front Wednesday left markets in limbo, with key indices searching for traction after hitting historic lows. ... more

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Freezing rain impacts Texas oil operations It's not oil prices, but extreme winter weather that's impacting production and drilling operations in the Permian shale oil basin in Texas, an operator said. ... more		North Dakota defiant despite low oil prices If low oil prices threaten North Dakota spending plans, the state's governor said he had confidence lawmakers would take measured steps to cope. ... 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		Shell compensates Nigerians over 'devastating' oil spills Royal Dutch Shell is to pay more than $80 million to a Nigerian fishing community "devastated" by two serious oil spills in 2008, it was announced Wednesday, while the clean-up could take years. ... more
Lundin's budget latest oil price victim With oil prices falling, Swedish energy company Lundin Petroleum said Wednesday it cut its 2015 spending plans by 31 percent from last year. ... more		Energy Crisis As Early As 2016 Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texa ... more		Keystone XL job No. 1, GOP says With the Republican-led Congress taking its seat Tuesday, lawmakers say passing the Keystone XL oil pipeline is job No. 1 for the U.S. economy. ... more		AAA: Gas prices should stay low short-term Oil prices should stay low as supplies offset most production shortfalls, meaning U.S. drivers can expect to pay less for gasoline through 2015, AAA said. ... more

	Moroccan shale continues to impress Gulfsands Petroleum, a company exploring the emerging shale potential in Morocco, said Tuesday exploration results there were better than expected. ... more		Riyadh holds to oil line, prices drop further Word that OPEC kingpin Saudi Arabia would defend its economic interests sent an already battered oil market into a tailspin during the Tuesday session. ... 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

North American rig activity slowing		Venezuelan leader turns to China amid oil collapse		API disappointed with Keystone XL veto threat		IHS: Islamic State financing war campaign with oil		Iranian economy tied too hard to oil, commissioner says
Fracking confirmed as cause of rare 'felt' earthquake in Ohio		Chevron finds oil in Gulf of Mexico		Statoil's new North Sea operations will run by remote control		Iran breaking economic ties with oil		Milestone for Kurdish oil, companies announce

Oil beats other commodities for recent losses

Libya air force says bombed tanker in Islamist-held port

Croatia awards offshore licenses

Iraq oil exports soar but low prices hit revenue

Libyan oil tanker struck off Singapore's coast

Venezuela's Maduro heads to China to seek financial aid

Croatia grants 10 Adriatic energy exploration licences

Parts of Libya in the dark

Cyprus warns Turkey against any new energy moves

Iran's non-oil exports on the rise

Did The Saudis And The US Collude In Dropping Oil Prices?

Russia takes more action to prop up ruble

U.S. oil export policies increasingly fluid

Baker Hughes: U.S. rig count up from last year

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

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