Oil and Gas News

February 20, 2015

Senators want oil door opened to Mexico
Washington (UPI) Feb 19, 2015
A group of 21 U.S. senators called on the Commerce Department to liberalize trade relations and allow for greater crude oil trade with Mexico. U.S. Sen. Lisa Murkowski, R-Alaska, the head of the Senate Energy and Natural Resources Committee, was joined by 19 other Republicans and one Democrat, North Dakota Sen. Heidi Heitkamp, in issuing a request to Commerce Secretary Penny Pritzker. "It's time to harmonize North America's energy trade," Murkowski said in a statement. At issue is ... read more

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Union cries foul after Exxon refinery blast The United Steelworkers union said the fire at an Exxon Mobil refinery in California is a reminder of the lopsided policies in the downstream energy industry. ... more		North Dakota oil boom deflating Low oil prices haven't yet dimmed confidence in North Dakota, though there may be concerns lingering over the mid-term horizon, those on the ground said. ... more		Gas leak stops North Sea production It's too early to say when production from the Gudrun platform in the North Sea will resume following reports of a gas leak, Norway's Statoil said Thursday. ... more
				Oil prices off more than 4 percent Crude oil prices were down sharply in Thursday trading after U.S. data showed more crude oil held in inventories, putting pressure on the recent rally. ... more		Environmental team surveying W. Va. oil-train disaster Crews are on the ground in and around the site of Monday's oil-train derailment in West Virginia deploying containment boom, the response team said. ... more

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Libya, Yemen, leave bruises on OMV Austrian oil and gas company OMV said Thursday it posted a net fourth quarter loss in part because of low oil prices and Libyan and Yemeni security issues. ... more		Canada federal police warn of growing anti-oil threats Canadian police warned in a leaked document Wednesday of growing threats to the country's oil industry by militant climate activists opposed to the use of fossil fuels. ... 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'		NTSB: Oil by rail needs scrutiny after W. Va. incident The derailment of a train carrying crude oil from North Dakota through West Virginia is another sign of the need to address safety, a federal regulator said. ... more
				U.S. shale oil shows resiliency Despite the slump in crude oil prices, production from two premier basins in the United States increased by a combined 33 percent, a forecast from Platts finds. ... more		Air running out of recent crude oil rally A string of weak figures from Western economies took some of the steam out of the growth momentum in crude oil prices during the Wednesday trading session. ... more

BP: Post-Arab Spring conflicts curb oil potential Regional conflicts in the Middle East and North Africa have left a historic amount of oil on the sidelines, an annual report from BP found. ... more		Halliburton, Baker Hughes plan stakeholder meeting Oil and gas services companies Baker Hughes and Halliburton unveiled plans to review stakeholder options for the planned Halliburton takeover. ... 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		Fatality figure raised in Brazilian oil incident The number of fatalities attributed to an explosion on an oil production facility off the coast of Brazil was raised by one, contractor BW Offshore said. ... more
EU gas security at risk, commissioner says 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. ... more		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

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

Scotland's Wood Group upbeat in weak market		UAE says renewed air strikes hit IS oil refineries		Blaze extinguished at Libya's largest oil field		Kiev sued by shale natural gas explorer		Crude oil markets extend rally
BG Group comes up empty in North Sea		Kurds say Baghdad has failed to respect oil deal		Iran sees oil investments dwindling		Feds may open arctic Alaska to drillers		Oil slump not necessarily bad news for climate

Crude oil prices extend rally, up 3 percent

U.S. oil sector slowing, on and offshore

Earthquake activity linked to injection wells may vary by region

Plans submitted for Norway's Johan Sverdrup field

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

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