Oil and Gas News

January 27, 2015

Britain's Guardian: Shale gas 'questionable'
London (UPI) Jan 27, 2015
An editorial published Tuesday by The Guardian newspaper questioned the British government's pursuit of shale natural gas, saying leave it alone. "It is, to say the least, questionable for the U.K. to claim the need to bring on stream a new fossil fuel at a time when it is also notionally committed to greening its economy," the newspaper opined. "Fracking will never produce American amounts of shale gas, and certainly won't even be viable for at least a decade." The British Geological Su ... read more

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Russia needs oil at $78 to break even The Russian economy will run without a deficit only if oil prices stay above the $70 per barrel mark by 2017, Russia's finance minister said Tuesday. ... more		U.S. gas prices decline streak ends While U.S. retail gasoline prices continue their steady decline, the rate at which they're falling is slowing, signaling a reversal may be on the way, AAA said. ... more		Hess trims 18 percent from Bakken spending Spending in the Bakken play in North Dakota will drop by 18 percent in the weakened oil price market, U.S. energy company Hess Corp. announced. ... more
				Ghana to make economic strides with natural gas Ghana's first major natural gas project is expected to help with substantial economic development in the West African country, energy companies said Tuesday. ... more		BP pulls reins tighter, freezes pay British energy company BP said that, barring a few exceptions, it was freezing pay rates to cope with a weak oil price environment. ... more

Nuclear Decommissioning Conference Europe May 2015

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Saudi's King Salman follows in brother's footsteps Saudi King Salman, who succeeded his half-brother Abdullah on his death on Friday, is a 79-year-old stalwart of the royal family credited with transforming the capital Riyadh during his half-century as governor. ... more		West African oil reserves revised upward Junior explorer African Petroleum Corp. said Monday it revised its reserve estimate for operations off the western African coast upward by more than 50 percent. ... more		Climate change causing havoc with global water cycle: UN Schools shut, flights cancelled as Typhoon Ragasa nears Hong Kong Over 60,000 Europeans died from heat during 2024 summer: study		Oil erases gains from Saudi king's death With few signs of a shift in oil policy from Riyadh, crude oil prices were mixed after the brief overnight rally that greeted the death of Saudi King Abdullah. ... more
				North Dakota rig activity slowing Data released Monday by the North Dakota government show the number of drilling rigs in active service down nearly 25 percent from the 2012 peak. ... more		Oil prices off slightly in Monday's session Oil markets were treading water early in the Monday session as traders tested the waters of a new Saudi Arabia and a future Europe. ... more

Oil release reported in North Dakota A division of Hess Corp. spilled more than 2,000 barrels of water used during oil production at a site southwest of Tioga, the North Dakota government said. ... more		Low oil prices bruising MENA, IMF says Revenue losses for oil producers in the Middle East and North Africa could reach $300 billion because of price declines, the International Monetary Fund said. ... more		NASA Dragonfly Mission Advances Through Crucial Development and Testing Stages SATNUS completes third NGWS flight campaign with autonomous systems integration SFL Missions to Deliver Spacecraft Buses for HawkEye 360 RF Signal Detection Expansion		Canada good steward, KXL backers say U.S. Senate leaders supporting the Keystone XL oil pipeline from Canada said they're confident their northern neighbors are good stewards of the environment. ... more
British lawmakers demand freeze on fracking A committee of British lawmakers demanded a national moratorium on fracking due to environmental concerns on Monday, ahead of a crucial vote intended to boost the shale gas industry. ... more		Lower 48 oil production steady U.S. oil production for the week ending Jan. 16 declined by six tenths of one percent, though none of that decline came from the Lower 48, data show. ... more		Montana oil spill no threat to North Dakota North Dakota health officials said drinking water is safe to use following an oil spill in the Montana waters of the Yellowstone River. ... more		Oil Price Collapse Hurting Some More Than Others U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oi ... more

	Russian economy in bad shape, minister says Russian economic woes predate the steady decline in oil prices and sanctions triggered by crises in Ukraine, a Russian minister said Friday from Switzerland. ... more		Back To Basics: Why Conventional Drilling Makes Sense in 2015 This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue their slump and the unconventional beco ... more

HawkEye 360 expands signals intelligence network with operational deployment of Cluster 12

York confirms successful deployment and health of 21 satellites for SDA Tranche 1 mission

Spain faces uphill battle to cut Israel military ties: experts

Canada's ambassador presses Obama on Keystone pipeline		British shale ambitions hit snag		Montana oil spill contaminates water supply		Oil markets follow Shanghai Composite's lead		Norway draws record offshore interest
Keystone XL: An elephant in the room		Hayward's Genel keeps chin up despite slump		Philippines says China expanding South China Sea reclamation		Moscow: Turkish Stream the new South Stream		Montana continues oil spill response

Ukraine, Poland ink gas pipeline deal

Schlumberger takes stake in Russian driller

Russia taps Far East oil field

Norway updates Arctic ice map in boost to oil exploration

Clean energy risks over oil price fall: French minister

Bulgaria: We're here to serve EU energy

British shale set for real-time monitoring

Schlumberger latest casualty of oil price decline

Repsol scraps oil probe off Canaries tourist islands

Oil price slump puts at risk clean energy push: experts

Gas exports down for Canada

Oil tries rally 2.0 in Friday session

Range Resources makes most of low price climate

Repsol ends Canaries oil probe due to poor deposits

BP: Gulf of Mexico fines will be on low end

Five Ways To Play The Oil Price Plunge

ITC Global And SES Deploy New Communications Network For Major Oil Producer

Banks mixed on impact of low crude oil prices

GOP pushes again to ease LNG exports

BP off hook for several billion dollars in oil spill fines

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