Oil and Gas News

March 06, 2015

Iraq, Libya nudge Brent crude prices up
Washington (UPI) Mar 5, 2015
Brent crude oil prices moved higher early Thursday as deteriorating security situations in Iraq and Libya countered increasing U.S. inventories. The global benchmark briefly topped $61 per barrel for the April contract before moving to $60.87, 32 cents above closing price Wednesday. Libya's state-owned National Oil Corp. declared force majeure on 11 oilfields Wednesday, releasing it from production commitments due to the recent spate of attacks from militant groups including the Islamic ... read more

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Feb 28

Libya declares force majeure on 11 central oilfields Libya declared force majeure on 11 oilfields after a series of Islamic State attacks on facilities in the country's central region. ... more		Oil prices holding after Tuesday's gains Oil prices were holding steady early Wednesday ahead of the release of U.S. oil inventory data. ... more		Plans evolving for Norway's major oil and gas field Norwegian energy company Statoil said it signed a deal with a Swiss services company to build a platform for one of the region's largest oil and gas fields. ... more
				Looted and leaking, South Sudan's oil wells pose health risk Thick black puddles and a looted, leaking ruin are all that remain of the Thar Jath oil treatment facility, once a crucial part of South Sudan's mainstay industry. ... more		Philippines halts exploration in 'disputed' sea: contractor The Philippines has suspended operations at a South China Sea natural gas project because it is also claimed by China and the dispute is before a UN tribunal, its contractor said Tuesday. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Pain at the pump to continue, AAA says While U.S. gasoline prices remain relatively low, the recent trend in increases is the longest in more than two years, motor club AAA reports. ... more		Oil prices recover from Monday's loss Geopolitical issues helped oil prices recover ground lost during the previous session, with Brent crude oil moving Tuesday back above $60 per barrel. ... 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'		JXK returns to shale work in Ukraine Ukrainian shale pioneer JXK Oil & Gas said Monday it returned to full-scale operations in the country after receiving approval from the state gas distributor. ... more
				Gazprom Neft gets good grade from China China's Dagong Global Credit Rating Co. gave Gazprom Neft a AA credit rating, denoting a stable outlook for its debt portfolio and long-term production potential. ... more		Turkey eyes oil in northern Iraq Agreements with Iraqi administrations open the door for Turkish oil exploration in the Kurdish north, the Turkish energy minister said Monday. ... more

Crude oil markets limp into spring Positive economic news from Europe wasn't enough to give oil prices a lift in Monday trading as last week's slump bleeds over into March. ... more		Algeria: 40 police wounded in anti-shale gas protest Forty police officers were wounded Sunday in clashes with demonstrators opposed to shale gas exploration in the Algerian Sahara, the Interior Ministry announced. ... 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		Iraq predicts oil will rise to $64-65 per barrel 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. ... more
Energy trends changing investment dynamics With world economies taking steps to lower their emissions, an official at the Bank of England said Tuesday investments in fossil fuels are becoming risky. ... 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		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

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

China opposes UN sanctions on South Sudan		Making treatment of oil and gas wastewater simpler, cheaper		Midweek oil price rally falters		Saudi Aramco cancels rig contract		Oil sector successful, Iran says
Whiting to cut Bakken rig deployments		U.S. crude oil production holding steady		Wrench thrown in British shale gas gears		Argentine oil firm moves toward ending row in Peru		China energy giant Sinopec denies merger plans: report

Alberta not surprised by Keystone XL veto

Kazakhstan expects oil production boom

Gulf Keystone Petroleum mum on potential sale

OPEC comments drive Brent prices up

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

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