Oil and Gas News

January 14, 2015

The Real Cause Of Low Oil Prices
Washington DC (SPX) Jan 13, 2015
With all the conspiracy theories surrounding OPEC's November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. When discussing harsh truths in energy, no sector is in greater need of a reality check than renewable energy. b>OP: /b> The Current Oil Situation - What is your assessment? b>Arthur Berman: /b> The current situation with ... read more

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Jan 07

U.S. gas prices in a free fall, AAA says Prices for crude oil and gasoline are in a "free fall," suggesting it would take a major market event for U.S. gas prices to go up, a AAA spokesman said. ... more		Iran says Saudi will suffer more from oil price slide President Hassan Rouhani said Tuesday that Iran would withstand the economic pain of plummeting oil prices, with Saudi Arabia and Kuwait likely to suffer more from the slump. ... more		More signs of Canadian oil slowdown In a sign of a slowdown in the Canadian energy sector, Canadian Natural Resources said it cut its capital spending and production forecast as oil prices fall. ... more
				British economic slowdown dings oil prices Signs of a slowdown in the British economy helped push oil prices, already at historic lows, further into negative territory in the Tuesday session. ... more		Cairn maintains North Sea focus Scotland-based Cairn Energy said Tuesday it was fully committed to developments in the North Sea despite grim forecasts for the regional energy sector. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Obama called on to drop KXL veto threat The American Petroleum Institute called on President Obama to reconsider his threat to veto the Keystone XL oil pipeline amid congressional support. ... more		Halliburton ruffles British shale feathers U.S. oil and gas services company Halliburton may play a role in the British shale sector, though environmental advocates are concerned by legacy issues. ... 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		Patria, Kongsberg team in contract bid Two Scandinavian defense companies have partnered to jointly obtain a vehicle and weapon systems contract in the Middle East. ... more
				China's oil production increases Chinese data from Tuesday show crude oil production in 2014 increased nearly a full percentage point, staying above a threshold rate for five straight years. ... more		What cheap gas? Some automakers still push electrics Cheap fuel prices are not deterring some automakers from building up their offerings of alternative fuel vehicles. ... more

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

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		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		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
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		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		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

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

Spill reported in North Dakota		Nebraska court clears path of Keystone XL		New method shows oil not polluting Athabasca Delta		U.S. oil production holding steady		Oil price slump hits Canadian producer
World Bank sees oil prices shifting economic dynamics		Canada jumps into Keystone XL fray		Oil mixed in Wednesday session		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

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