Oil and Gas News

March 02, 2015

Iraq predicts oil will rise to $64-65 per barrel
Baghdad (AFP) March 1, 2015
Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach $64 or $65 per barrel. "I don't think they (prices) will return to their former levels immediately... We expect them to rise more, probably to $64 or $65," he told reporters. Brent North Sea crude, the global benchmark, had tumbled to $45 per barrel at the beginning of the year, less than half the level reached six months earlier. It surg ... read more

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Feb 24

West coast refinery issues spill over to pump Maintenance at U.S. refineries should leave some markets short on gasoline supplies, with West Coast markets suffering most, the Energy Department said. ... more		Kremlin: Ukraine has natural gas until Tuesday The natural gas spigot could be closed for Ukraine as early as Tuesday unless it pays for more deliveries in advance, Russia's energy minister said Friday. ... more		Oil markets ending week on high note Crude oil prices rebounded Friday on revised U.S. economic data, recovering from midweek slumps sparked by OPEC comments and U.S. inventory buildups. ... more
				North Dakota rig activity at new low As state leaders review legislative and economic affairs, government data for Friday show the number of rigs in North Dakota down 38 percent year-on-year. ... more		China opposes UN sanctions on South Sudan China on Friday voiced opposition to a UN draft resolution on imposing sanctions on South Sudan, saying the measure would be unhelpful at a time when the warring factions are negotiating. ... more

Human 2 Mars Conference Mat 5-7 2015 - Washington DC

Nuclear Decommissioning Conference Europe May 2015

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Making treatment of oil and gas wastewater simpler, cheaper Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year. The saltiness of the water and the organic contaminants it contains have traditionally made treat ... more		Midweek oil price rally falters Crude oil prices pulled back early in the Thursday session amid U.S. inventory buildups, ending a midweek rally spurred in part by comments from OPEC leaders. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		Saudi Aramco cancels rig contract U.S. rig company Hercules Offshore said Thursday one of its drilling contracts with the main oil company in Saudi Arabia was terminated. ... more
				Oil sector successful, Iran says Most sectors of the Iranian economy are performing well, with the oil sector in particular performing as expected, the country's deputy oil minister said. ... more		Whiting to cut Bakken rig deployments U.S. shale player Whiting Petroleum said it expects overall production to rise, though fewer wells are planned in areas like the Bakken play in North Dakota. ... more

U.S. crude oil production holding steady U.S. crude oil production for the week ending Feb. 20 held steady amid rig count reductions and planned cuts in upstream spending, federal data show. ... more		Wrench thrown in British shale gas gears British shale pioneer Cuadrilla Resources said it was "perplexed" by a regional council's decision to deny a planning application for pioneer well developments. ... more		DAMPE space telescope finds universal spectral feature that narrows field on cosmic ray origins ThinKom Develops Self-Funded Mobile HPM Weapon to Counter Drone Swarms Planet and Carbon Mapper Plan SWIR-Only Tanager Satellite for Wider Methane Detection		Argentine oil firm moves toward ending row in Peru Indigenous villagers and an Argentine oil company are making strides toward ending a dispute in Peru's Amazon basin region that led to reduced oil output, the two parties said Wednesday. ... more
China energy giant Sinopec denies merger plans: report Chinese oil giant Sinopec has denied reports the government plans to merge the firm with another domestic energy behemoth, China National Petroleum Corp (CNPC), the official Xinhua news agency said Thursday. ... more		Canada's Encana Corp. cuts spending Canadian energy company Encana said Wednesday its U.S. natural gas assets performed well last year, but 2015 capital investments will be cut by $700 million. ... more		Alberta not surprised by Keystone XL veto Stressing the debate over the Keystone XL oil pipeline isn't over, Alberta Premier Jim Prentice said he wasn't surprised by a veto from the White House. ... more		Kazakhstan expects oil production boom Kazakhstan's government said Wednesday it expects oil production to increase by as much as 30 percent in part because of operations at its giant Kashagan field. ... more

	Gulf Keystone Petroleum mum on potential sale Gulf Keystone Petroleum, active in Iraq, said Wednesday it was keeping a tight lid on the reasons behind an announcement of a possible sale of the company. ... more		OPEC comments drive Brent prices up Statements from a member of OPEC again swayed oil markets Wednesday, with Saudi comments on demand driving Brent crude prices upward. ... more

Sidekick autonomy software guides YFQ-42A test mission for CCA program

Infleqtion lists shares on NYSE as neutral atom quantum firm

Top Chinese gaming companies continue to challenge

Gazprom threats to cut Ukrainian gas supplies		U.S. gas prices rise for 29 straight days		Algeria police prevent anti-shale gas protest		Canada expects dip in crude oil production		Asphaltene analysis takes a giant step
OPEC rumors stir oil market pot		Oily-mixture removed from W. Va. derailment site		Durability of North Sea energy sector questioned		Profit up, spending down for shale player ONEOK		GE Capital: 2015 Energy (Oil and Gas) Trends

Kremlin questions Moody's rating downgrade

Oil removed from derailed trains in West Virginia

Oil rally deflates on pessimism

Arctic oil can wait, advocacy group says

Iran's president claims economic miracle

Statoil brings North Sea oil and gas field online

Oil's Survival Of The Fittest: Interview With Stan Szary

Methane leaks from three large US fields in line with federal estimates

Panda Power Funds to Jointly Develop 1,000 MW Penn Power Project

Methane emissions from natural gas industry higher than previously thought

Oil prices recover slightly in Asia

Senators want oil door opened to Mexico

Union cries foul after Exxon refinery blast

North Dakota oil boom deflating

Gas leak stops North Sea production

Oil prices off more than 4 percent

Environmental team surveying W. Va. oil-train disaster

Libya, Yemen, leave bruises on OMV

Canada federal police warn of growing anti-oil threats

NTSB: Oil by rail needs scrutiny after W. Va. incident

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