Oil and Gas News

March 13, 2015

Beijing's Island Construction in South China Sea Poses No Threat
Moscow (Sputnik) Mar 13, 2015
China's recently intensified construction works on the reefs it controls in the South China Sea's disputed Spratly Island, are lawful and pose no threat to any other countries, China's Foreign Minister Wang Yi said Sunday. "This construction does not target or affect anyone... we are merely building facilities in our own yard. We have every right to do things that are lawful and justified," Wang Yi said at a press conference on the sidelines of the National People's Congress (NPC) annual meeting i ... read more

Previous Issues

Mar 12

Mar 11

Mar 10

Mar 09

Mar 06

Everyone Is Guessing When It Comes To Oil Prices Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also a ... more		Consumers Winning With Low Oil Prices, For Now Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, ... more		Vitol bruised by low oil prices Dutch-owned Vitol, the largest independent energy trader in the world, said Thursday its 2014 revenue dropped 12 percent on low oil prices. ... more
				Spending cut planned for Kurdish oil operations The bulk of spending for 2015 will target oil operations in northern Iraq and, while spending is reduced, output should be static, Oryx Petroleum announced. ... more		Alberta gets good marks for pipeline safety Oversight of the pipeline network in the oil-rich Canadian province of Alberta was found to be effective, though there's room for improvement, an audit found. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Brent extends rally as EU industrial production falters Crude oil prices gained ground in Thursday trading as European industrial production declines offset continued improvements in the U.S. labor market. ... more		Palestinian side cancels Israeli gas deal Operators at the Leviathan natural gas field off the Israeli coast said Wednesday a Palestinian group canceled a $1.2 billion purchase contract. ... 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'		Western Canadian oil and gas output declines Oil and natural gas production from frontier prospects in the Northwest Territories is on a steady decline, federal Canadian data show Wednesday. ... more
				Chevron shrugs off low oil prices The low price of crude oil is no deterrent to long-term strategic objectives for U.S. energy company Chevron, its executives said at an analyst meeting. ... more		North Dakota creek soiled by oil product Health officials in North Dakota said they're investigating potential water quality issues related to a small spill of liquids associated with oil production. ... more

Oil gets minor lift from U.S. data An expected moderation in U.S. crude oil inventories helped stimulate oil prices Wednesday, briefly ending a short-term faltering in the seasonal rally. ... more		Venezuela sanctions don't extend to oil While an official in Caracas said sanctions are an act of war, a top U.S official said the measures will have no direct impact on oil revenue for Venezuela. ... 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		U.S. gasoline prices tapering off The steady streak of increases in the U.S. average price for a gallon of regular unleaded gasoline is tapering off, a review from motor club AAA finds. ... more
Fires out at Ontario oil-train derailment The last of the fires tied to the derailment of a train carrying crude oil through Ontario have been extinguished, local officials said. ... more		Oil price rally waning, though WTI holding strong Crude oil prices continued their slow fade Tuesday even as U.S. data show evidence the bear market had an impact on the production behind recent market trends. ... more		Wood Mac gobbled up by Verisk Energy consultant group Wood Mackenzie confirmed Tuesday it was acquired by Verisk Analytics for approximately $2.8 billion. ... more		West Africa buoyed by Ivorian gas discovery A declaration of discovery was submitted to the government of the Ivory Coast after a test well produced oil and gas, RAK Petroleum said Monday. ... more

	Oil fizzles after OPEC supply comments Crude oil prices drifted lower in the Monday session, a day after OPEC's secretary-general said markets are oversupplied and price movements were cyclical. ... more		Canada under pressure after oil train derailment The Canadian government faces similar pressure as its U.S. counterparts to do more to ensure oil is carried on railways safely, a lawmaker said. ... 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

Oil prices down on strong U.S. supply		Four Filipinos nabbed from Libyan oil field		BP finds more gas in Egypt		Ill. oil-train derailment involved cars safer than federal standard		Iraq, Libya nudge Brent crude prices up
Libya declares force majeure on 11 central oilfields		Oil prices holding after Tuesday's gains		Plans evolving for Norway's major oil and gas field		Looted and leaking, South Sudan's oil wells pose health risk		Philippines halts exploration in 'disputed' sea: contractor

Pain at the pump to continue, AAA says

Oil prices recover from Monday's loss

JXK returns to shale work in Ukraine

Gazprom Neft gets good grade from China

Turkey eyes oil in northern Iraq

Crude oil markets limp into spring

Algeria: 40 police wounded in anti-shale gas protest

Iraq predicts oil will rise to $64-65 per barrel

Energy trends changing investment dynamics

Canada's Encana Corp. cuts spending

West coast refinery issues spill over to pump

Kremlin: Ukraine has natural gas until Tuesday

Oil markets ending week on high note

North Dakota rig activity at new low

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

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.