Oil and Gas News

January 13, 2015

What cheap gas? Some automakers still push electrics
Detroit (AFP) Jan 13, 2015
Cheap fuel prices are not deterring some automakers from building up their offerings of alternative fuel vehicles. But the 50 percent fall in the gasoline price in the United States is making electrics and hybrids less competitive with gas-fueled cars, and making it harder for companies to boost investment in alternatives in a market that is back in love with guzzlers. General Motors and Hyundai both took a stand at the North American International Auto Show in Detroit on Monday toward a lower c ... read more

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Russian economy in crisis mode Russian Prime Minister Dmitry Medvedev said Monday all government hands were called upon to help an economy damaged by low oil prices and sanctions. ... more		Rig maker Lamprell expects tough year Emirati rig builder Lamprell said Monday it expects the weak market for crude oil will impact its ability to land new contracts in 2015. ... more		North Sea oil and gas up against wall Low oil prices are a growing cause for concern in the exploration and production sector of the North Sea, analysis published Monday by Wood Mackenzie finds. ... more
				Oil markets are bleeding red Dim prospects for oil prices pushed key indices into negative territory Monday, with Brent and WTI both off more than 3 percent from the previous session. ... more		Iran out billions of dollars in oil revenue A decline in oil exports, largely because of Western economic sanctions, has cost the Iranian economy more than $100 billion, a senior official said. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Scotland calls for North Sea reforms 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. ... more		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		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		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
				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

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

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		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		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
New method shows oil not polluting Athabasca Delta A new study into the pre-industrial baseline levels of heavy metals in sediment carried by the Athabasca River shows that emissions from the Alberta oil sands and other human activities have not yet ... more		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

	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		Oil markets holding steady on mixed economic news		North Dakota defiant despite low oil prices		Shell compensates Nigerians over 'devastating' oil spills		Turkey remains keen on European gas
Lundin's budget latest oil price victim		Energy Crisis As Early As 2016		Top Five Factors Affecting Oil Prices In 2015		China to invest $20 bn in struggling Venezuela: Maduro		Shale player pulls plug on Ukraine

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

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