Oil and Gas News

February 18, 2015

EU gas security at risk, commissioner says
Brussels (UPI) Feb 17, 2015
Members of the European Union are at risk from a Russian gas supplier that views energy as a political tool, the European energy commissioner said Tuesday. European markets get about 20 percent of their natural gas needs met by Russia, though most of that gas runs through the Soviet-era transit network in Ukraine. Simmering conflict, despite a recent cease-fire agreement, and ongoing debt rows between Kiev and Moscow expose a layer of vulnerability in the European economy. EU Climate Act ... read more

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Heavy fighting in South Sudan oil zones: defence minister Warring forces in South Sudan battled Tuesday in the oil-rich Upper Nile state, the defence minster said, claiming insurgents were trying to capture a key town ahead of peace talks. ... more		Russia expects prolonged economic slump Russia's economy is entering a period of prolonged retraction because of the dual strains of sanctions and weak crude oil markets, the Economy Ministry said. ... more		CSX oil-train blaze to burn out on its own Fires in and around the scene of a oil-train derailment in West Virginia will be allowed to burn out on their own, rail company CSX said. ... more
				Libya's oil economy at risk, envoy says Internal conflicts in Libya may leave the country without a source of oil revenue in less than two years, the U.S. ambassador to Libya said Tuesday. ... more		Crude oil rally hits snag Crude oil markets drifted lower early in the Tuesday session as Middle East violence compounds the pressure from slow growth in the Asian economy. ... more

Nuclear Decommissioning Conference Europe May 2015

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Scotland's Wood Group upbeat in weak market Scottish energy company Wood Group said Tuesday it was confident it had the mettle to endure the "new commodity price environment." ... more		UAE says renewed air strikes hit IS oil refineries Renewed air strikes by the United Arab Emirates against the Islamic State group have hit oil refineries run by the jihadists, the state news agency reported on Monday. ... more		China bids to host secretariat of new high seas treaty Protected forests under threat in DRC's lucrative mining belt Hundreds in London protest against Beijing 'mega embassy'		Blaze extinguished at Libya's largest oil field Though flames are out at a pipeline from its largest oil field, the Egyptian bombing of Islamic State targets in Libya show terrorists are gaining ground. ... more
				Kiev sued by shale natural gas explorer JKX Oil & Gas, a company that bet on Ukrainian shale gas potential, said Monday it launched legal action against Kiev, claiming treaty violations. ... more		Crude oil markets extend rally Crude oil prices extended their rally into the third week of February as U.S. rig activity declined and Middle East violence escalated Monday. ... more

BG Group comes up empty in North Sea One week into the tenure of its new chief executive, Norwegian regulators said Monday exploration wells came up dry for BG Group in the North Sea. ... more		Kurds say Baghdad has failed to respect oil deal Iraqi Kurdish premier Nechirvan Barzani on Monday accused the Baghdad government of failing to give his autonomous Kurdish region its share of oil revenues despite a deal signed in December. ... more		NASA moves moon rocket to launch pad ahead of Artemis 2 mission GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles JWST red dots reveal rapidly growing early black holes		Iran sees oil investments dwindling Iranian Oil Minister Bijan Zangeneh said Monday the budget for the country's energy sector was on a steady path toward "nil." ... more
Feds may open arctic Alaska to drillers The U.S. Interior Department said it's closer to opening the Chukchi Sea off the Alaskan coast to energy explorers after a lengthy court battle. ... more		Oil slump not necessarily bad news for climate Since the 1970s, the renewable energy sector has usually trembled each time oil goes through the "bust" phase of the commodity cycle. ... more		Crude oil prices extend rally, up 3 percent Positive news about economic growth in Europe helped extend a rally for crude oil prices, with Brent trading up more than 3 percent in early Friday trading. ... more		U.S. oil sector slowing, on and offshore Though oil prices are moving to fresh highs, quarterly reports for offshore and U.S. shale companies show the industry behind market swings is slowing down. ... more

	Earthquake activity linked to injection wells may vary by region The Williston Basin in north central U.S. produced fewer earthquakes caused by wastewater injection than in Texas, suggesting the link between seismicity and production activities may vary by region ... more		Plans submitted for Norway's Johan Sverdrup field The Norwegian government said Friday it received development and operational plans for the Johan Sverdrup field, among the largest in national waters. ... more

Greenland is helpful, but not vital, for US missile defense

European military mission in Greenland as US aim 'remains intact'

Amazon expands 'sovereign cloud' in Europe

World Bank: Oil-rich Kurdish economy shrinking		Methane emissions vary at natural gas gathering and processing facilities		Bodies recovered from Brazilian oil installation		Shale industry irked by Pennsylvania tax proposal		Exxon moves ahead with Alaska LNG project
Oil rallies on back of Ukrainian truce		Peru gives Argentine oil firm three days to leave Amazon		Alberta weighs in on Keystone XL measure		Gazprom seeks Ukrainian gas payments		Poland's dream of shale gas riches begins to dim

U.S. oil trade survey draws mixed reviews

WTI drifts back below $50 per barrel

Veto pen tested with KXL bill

Oil wanes in Iranian budget plans

Halliburton, Baker respond to DOJ queries

One dead in Peru in oil-related protest

Rise Of The Vulture Investing Class

Shelling in South Sudan oil town: defence minister

OPEC down, but not out, IEA says

U.S Gulf Coast oil imports down

Gas prices rise for 15th straight day

U.S. oil and gas lobby criticizes federal leases

Total Canadian oil production up 8 percent

U.S. oil production down, OPEC says

Oil markets keep upward momentum

Iraqi oil production setting records

Iran keeps spending despite oil price slump

Arsenic stubbornly taints many US wells

Light for British shale gas work turning green

Kremlin: West declared economic war on Russia

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