Oil and Gas News

January 12, 2015

Scotland calls for North Sea reforms
Edinburgh, Scotland (UPI) Jan 9, 2015
The Scottish government wants reforms in the tax regime of the North Sea oil and gas sector to ensure long-term sustainability, the energy minister said. Scotland pegged its future during a bid for independence on revenue from oil and gas reserves in the North Sea. The bid failed last year, though Scottish Energy Minister Fergus Ewing said frustration endured in the sector. "The oil and gas industry is a strong success story for Scotland and will continue to be," he said in a late Thursd ... read more

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Algeria looks to invest $70 bn in shale gas over 20 years Algeria's state-owned energy giant Sonatrach plans to invest at least $70 billion over the next 20 years to exploit shale gas in the southern desert, its managing director said on Sunday. ... more		Oil prices end brief weekly rally Oil prices retreated Friday as the Labor Department said job growth in December showed momentum, though wages weren't able to follow suit. ... more		Baker Hughes: U.S. oil and gas work steady Well activity onshore in the United States during the fourth quarter of 2014 was up 5 percent year-on-year, despite low oil prices, Baker Hughes said Friday. ... more
				GOP leadership pushes natural gas developments Republican leaders in the House of Representatives say the federal government needs to pick up the pace with reviewing permits for natural gas pipelines. ... more		Spill reported in North Dakota The North Dakota government said there's been a release of material used to produce oil and gas into a creek in the heart of the country's oil developments. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Nebraska court clears path of Keystone XL In a mixed decision, the Nebraska Supreme Court ruled Friday the legal premise used to sanction the route for Keystone XL was permissible. ... more		LNG demand not materializing in Asia Demand for liquefied natural gas in the Asian market hasn't materialized as expected, analysis published Thursday by Wood Mackenzie finds. ... 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. 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

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

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		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		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		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		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

	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

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

Freezing rain impacts Texas oil operations		North Dakota defiant despite low oil prices		Shell compensates Nigerians over 'devastating' oil spills		Lundin's budget latest oil price victim		Energy Crisis As Early As 2016
Fracking confirmed as cause of rare 'felt' earthquake in Ohio		Chevron finds oil in Gulf of Mexico		Keystone XL job No. 1, GOP says		AAA: Gas prices should stay low short-term		Moroccan shale continues to impress

Riyadh holds to oil line, prices drop further

North American rig activity slowing

Venezuelan leader turns to China amid oil collapse

API disappointed with Keystone XL veto threat

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

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