Oil and Gas News

March 23, 2015

U.S. dollar, Iran talks sway oil markets
New York (UPI) Mar 20, 2015
The U.S. dollar and Iranian hopes for a "new day" amid ongoing nuclear negotiations sent Brent crude oil prices on a wild ride early in the trading day Friday. Iranian Foreign Minister Mohammad Javad Zarif continued talks Friday in Lausanne, Switzerland, with his U.S. counterpart, John Kerry. Talks coincide with Nowruz, the start of the Iranian calendar year. "I hope this new day will be a new day for the entire world - a new era of greater understanding and peace," Zarif said. I ... read more

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Gulfsands Petroleum still keen on Syrian oil A Syrian prospect shuttered by war was characterized Friday by Gulfsands Petroleum as the "most important asset" in its portfolio. ... more		Shell unloads Nigeria assets Royal Dutch Shell said Friday it completed the sale of its stake in a Nigerian oil field for $737 million as part of a strategic review of onshore assets there. ... more		Russia expects some economic recovery by 2016 Russia's economy is expected to contract by about 3 percent, though Finance Minister Anton Siluanov said Thursday there may be a light at the end of the tunnel. ... more
				U.S. oil train rules inadequate, senator says U.S. regulations are not strong enough to ensure the safe transportation of crude oil by rail, the minority leader of the Senate Energy Committee said. ... more		Libyan Investment Authority remains upbeat Though Libya's short-term oil potential is waning, officials at a Malta summit said they were confident economic prosperity would come to the nation's people. ... more

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

Nuclear Decommissioning Conference Europe May 2015

U.S. releases new federal fracking rules The U.S. federal government introduced new rules Friday on hydraulic fracturing, measures industry backers said would impose a "barrier to growth." ... more		Exxon done with 2011 oil spill cleanup Exxon Mobil's pipeline subsidiary completed the environmental cleanup work tied to a 2011 oil spill into the Yellowstone River, Montana's government said. ... 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		Wintershall defiant in low oil price era Though low oil prices are expected to drag on revenues, German energy company Wintershall said it plans to ramp up output by 40 percent by 2018. ... more
				Low oil prices may hurt Colorado economy 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. ... more		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		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		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		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		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		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

	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		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

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

U.S., Canada under pressure on oil-train safety		West Texas Intermediate in free fall		Conoco becomes latest energy company to cut spending		BG Group starts oil production in Norwegian waters		Kurdish oil production to increase
China probes top executive of state energy giant CNPC		Iran reports economic growth momentum		Oil prices continue slide amid oversupply		Texas: From Shale Boom to Water Revolution		Political uncertainty plagues Nigeria's oil potential

Oil plunge forces China's Nexen to cut 400 jobs in Canada, elsewhere

Iran touts growth despite nuclear sanctions

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

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