Oil and Gas News

March 17, 2015

Scotland frustrated by North Sea oil and gas finances
Edinburgh, Scotland (UPI) Mar 16, 2015
The Scottish government is calling for a fundamental overhaul in the way oil and natural gas is taxed, the country's deputy first minister said. Deputy Minister John Swinney said in a letter to British Chancellor George Osborne that the government in London has a chance to "right a wrong" by advancing a more transparent fiscal regime over the regional oil and gas sector. "The underlying problem is that successive U.K. governments have placed too much emphasis on maximizing the short-term ... read more

Previous Issues

Mar 16

Mar 13

Mar 12

Mar 11

Mar 10

North Dakota creek blocked after oil spill A creek in northwest North Dakota was blocked off to prevent runoff from an oil spill from a subsidiary of Occidental Petroleum, the health department said. ... more		WTI dips back near historic low A pessimistic forecast from OPEC about future U.S. oil production pushed the price for West Texas Intermediate near to its six-year low in Monday trading. ... more		Power planned for giant North Sea oil, gas field Norwegian energy company Statoil said Monday it signed a $130 million contract to help develop the giant offshore Johan Sverdrup reserve field in the North Sea. ... more
				Significant gas discovery made in Libya Italian energy company Eni said Monday it made what it considers to be a significant discovery of natural gas off the coast of war-torn Libya. ... more		Iranian oil production near recent record As nuclear negotiations enter the home stretch, the Organization of Petroleum Exporting Countries said Iran's oil production is close to a historic high. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Eni envisions $5 billion investments in Egypt Italian energy company Eni said it signed a framework agreement to develop Egyptian oil and gas reserves that calls for as much as $5 billion in investments. ... more		Shell lays out welcome mat to USW Shell said it's time to welcome striking workers back into the fray after finding "common ground" with negotiators from the United Steelworkers union. ... more		Climate change causing havoc with global water cycle: UN Schools shut, flights cancelled as Typhoon Ragasa nears Hong Kong Over 60,000 Europeans died from heat during 2024 summer: study		IEA forecast pulls WTI down 2 percent An increase in estimated U.S. crude oil production from the International Energy Agency pushed West Texas Intermediate prices down nearly 2 percent Friday. ... more
				North Dakota rig count near five-year low The number of rigs actively exploring for or producing oil or natural gas in North Dakota is down to its lowest level in nearly five years, data show Friday. ... more		Abducted Chinese workers freed in Nigeria: police Three Chinese workers kidnapped by gunmen in central Nigeria's Kogi state were released unhurt on Saturday, police said. ... more

Gorillas vs oil: DR Congo seeking way to explore at Virunga park In the Virunga national park, Africa's oldest natural reserve and home to the mountain gorilla, the endangered Great Ape and its habitat are under a new threat: oil exploration. ... more		Exxon: Exploit U.S. energy abundance U.S. policymakers are called on to adopt the energy policies necessary to take advantage of the new era of abundance, the chairman of Exxon Mobil said. ... more		NASA Dragonfly Mission Advances Through Crucial Development and Testing Stages SATNUS completes third NGWS flight campaign with autonomous systems integration SFL Missions to Deliver Spacecraft Buses for HawkEye 360 RF Signal Detection Expansion		Venezuela gears up military machine amid economic crunch Rolling out tanks, missiles and 100,000 men, Venezuela launched 10 days of military exercises Saturday, amid sky-high tensions over US sanctions slapped on officials accused of an opposition crackdown. ... more
Beijing's Island Construction in South China Sea Poses No Threat 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 Minis ... more		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

HawkEye 360 expands signals intelligence network with operational deployment of Cluster 12

York confirms successful deployment and health of 21 satellites for SDA Tranche 1 mission

Spain faces uphill battle to cut Israel military ties: experts

Brent extends rally as EU industrial production falters		Western Canadian oil and gas output declines		Chevron shrugs off low oil prices		North Dakota creek soiled by oil product		Oil gets minor lift from U.S. data
Venezuela sanctions don't extend to oil		Palestinian side cancels Israeli gas deal		U.S. gasoline prices tapering off		Fires out at Ontario oil-train derailment		Oil price rally waning, though WTI holding strong

Wood Mac gobbled up by Verisk

West Africa buoyed by Ivorian gas discovery

Oil fizzles after OPEC supply comments

Canada under pressure after oil train derailment

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

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.