Oil and Gas News

March 20, 2015

Low oil prices may hurt Colorado economy
Denver (UPI) Mar 19, 2015
Revenue growth for Colorado for the next fiscal year will be lower by $43.7 million in part because of the slowdown in the oil industry, a state budget report said. The Colorado Office of State Planning and Budget said the state's general revenue fund for fiscal year 2014-14 was relatively unchanged, with growth expected at 8.8 percent. Revenue growth for the fiscal year ending in 2016 is expected to decline by 0.4 percent, or $43.7 million, because of issues in the energy industry. "Bec ... read more

Previous Issues

Mar 19

Mar 18

Mar 17

Mar 16

Mar 13

Statoil 'highly impacted' by low oil prices Norwegian energy company Statoil said Thursday its productivity for full-year 2014 was strong, though financial results are "highly impacted" by low oil prices. ... more		North Dakota reviews oil-train safety There's no way to offer a single solution that would allay concerns about the safety of crude oil transit by rail, North Dakota Gov. Jack Dalrymple said. ... more		Rig data paints mixed oil picture Industry data show the number of rigs deployed in shale-rich U.S. states is a poor indicator of industry health, though government records suggest otherwise. ... more
				Oil prices hammered by U.S. storage, OPEC resilience Both U.S. and global crude oil prices took a beating Thursday as OPEC signaled no sign of a slowdown while supplies build up in the United States. ... more		Transocean to scrap four drilling rigs Rig builder Transocean said in its latest fleet status update report that it plans to dismantle four of its offshore drilling rigs. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Iraq makes $412 mn payment to Kurdistan region: minister Baghdad is sending a payment of $412 million to Iraq's autonomous Kurdish region, a sign that a budget deal between the two sides is still on track, the finance minister said Thursday. ... more		Canada's Nexen announces layoffs In response to a slowdown in the industry, Canadian energy company Nexen, a Chinese subsidiary, announced plans to eliminate more than 300 employees. ... 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		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		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		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		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

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

NOAA slams BP statement on gulf environment		China probes top executive of state energy giant CNPC		Iran reports economic growth momentum		Scotland frustrated by North Sea oil and gas finances		North Dakota creek blocked after oil spill
WTI dips back near historic low		Power planned for giant North Sea oil, gas field		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

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.