Oil and Gas News

March 19, 2015

Canada's Nexen announces layoffs
Calgary, Alberta (UPI) Mar 18, 2015
In response to a slowdown in the industry, Canadian energy company Nexen, a Chinese subsidiary, announced plans to eliminate more than 300 employees. The Canadian subsidiary of China National Offshore Oil Corp. said it will cut roughly 340 employees from its North American operations. Its British division also started consultations aimed at shedding 60 employees from the payroll there. Nexen Chief Executive Officer Fang Zhi said the downturn in the oil and natural gas sector affecting al ... read more

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U.S. working to cut flaring of natural gas The U.S. government will roll out new standards in the coming months to cut the amount of shale natural gas wasted through flaring, the interior secretary said. ... more		U.S., Canada under pressure on oil-train safety Federal regulators in North America are under pressure from industry bodies and environmental advocates worried about the safe transport of oil by rail. ... more		West Texas Intermediate in free fall Concerns about a slow pace of economic recovery and a build in U.S. oil inventories pushed West Texas Intermediate prices to new lows Wednesday. ... more
				Conoco becomes latest energy company to cut spending U.S. energy company ConocoPhillips said it was cutting capital spending by more than 25 percent in order to stay competitive in the low oil price cycle. ... more		BG Group starts oil production in Norwegian waters BG Group said Wednesday it started production from the Knarr field in the North Sea, a prospect with an estimated 80 million barrels of oil equivalent. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Kurdish oil production to increase Production from oil operations in Kurdish Iraq is expected to increase following a payment from the regional government, Gulf Keystone Petroleum said. ... more		Oil prices continue slide amid oversupply Oil prices continued to slide Tuesday as global supply remains high, sending West Texas Intermediate to a new six-year low and and pushing Brent back down from recent gains. ... 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		Texas: From Shale Boom to Water Revolution Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought pro ... more
				Political uncertainty plagues Nigeria's oil potential The Nigerian political machine poses a significant risk to the vitality of the nation's oil sector as investment uncertainty lingers, a report finds. ... more		Oil plunge forces China's Nexen to cut 400 jobs in Canada, elsewhere Nexen Energy announced Tuesday it is laying off 400 workers, or 12 percent of its workforce, in North America and Britain in response to the drop in oil prices. ... more

Iran touts growth despite nuclear sanctions Western sanctions over Iran's nuclear programme cannot prevent it from growing, President Hassan Rouhani said Tuesday as he inaugurated part of the giant South Pars gas field in the Gulf. ... more		U.S.: Security risks in oil-rich Saudi region U.S. consular services in Saudi Arabia remain closed five days after a threat surfaced against Western oil workers in the country, the U.S. embassy 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		NOAA slams BP statement on gulf environment Statements made by BP about the state of the U.S. Gulf Coast environment after the Deepwater Horizon incident are off the mark, the federal government said. ... more
China probes top executive of state energy giant CNPC A top executive of China National Petroleum Corp, the country's biggest energy company, has been put under investigation, authorities said as the Communist Party's anti-corruption drive targets more state firms. ... more		Iran reports economic growth momentum The Iranian economy grew by 3.6 percent during the nine-month period that began in March 2014 despite Western sanctions, the Central Bank of Iran said. ... more		Scotland frustrated by North Sea oil and gas finances 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. ... more		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

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

Significant gas discovery made in Libya		Iranian oil production near recent record		Eni envisions $5 billion investments in Egypt		North Dakota rig count near five-year low		Abducted Chinese workers freed in Nigeria: police
Gorillas vs oil: DR Congo seeking way to explore at Virunga park		Exxon: Exploit U.S. energy abundance		Venezuela gears up military machine amid economic crunch		Beijing's Island Construction in South China Sea Poses No Threat		Everyone Is Guessing When It Comes To Oil Prices

Shell lays out welcome mat to USW

Consumers Winning With Low Oil Prices, For Now

Vitol bruised by low oil prices

IEA forecast pulls WTI down 2 percent

Spending cut planned for Kurdish oil operations

Alberta gets good marks for pipeline safety

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

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