Oil and Gas News

March 24, 2015

Russian currency stabilizing despite oil's fade
Moscow (UPI) Mar 23, 2015
The value of the Russian currency has stabilized despite the fading of the February rally in crude oil prices, the Russian finance minister said. The ruble traded Monday at around 59.27 to the U.S. dollar, recovering from the historic low-water mark of around 62 reached in late 2014. Russian Finance Minister Anton Siluanov said on the "Vesti on Saturday" television program the nation's currency has stabilized. "Even if oil prices deviate to a certain extent from the current figures, the ... read more

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Sanctions push Total towards China to finance Russia project: report French energy company Total is seeking the equivalent of up to $15 billion from Chinese investors to finance its part of the development of a giant gas field in Russia due to US sanctions, the Wall Street Journal reported Monday. ... more		China's Sinopec net profit slumps nearly 30% in 2014 Chinese energy giant Sinopec said net profit slumped 29.7 percent in 2014, blaming a "precipitous" drop in global crude oil prices and issuing a first-quarter profit warning. ... more		Saudi king invites Iraq PM to visit as ties thaw Iraqi Prime Minister Haider al-Abadi received an invitation from King Salman to visit Saudi Arabia, as relations between the two nations improve, the premier's office said. ... more
				U.S. lifts threat warning in Saudi Arabia The U.S. Embassy in Riyadh said it resumed consular services in Saudi Arabia nearly two weeks after threats to Western oil workers surfaced. ... more		Oil prices falter as OPEC stands firm Crude oil prices drifted lower in early Monday trading as markets remain tilted toward the supply side and OPEC shows no signs of drawing down. ... more

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

Nuclear Decommissioning Conference Europe May 2015

North Sea tax policies short-sighted, Scotland says The North Sea energy sector has paid a "heavy price" because of the policies embraced by the British government, Scotland's deputy first minister said Monday. ... more		Iran expecting economic growth As nuclear negotiations resume in earnest, the Iranian finance minister said the economy should continue to expand for the Islamic republic. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		Sinopec facing era of slower growth China Petroleum & Chemical Corporation said the slowdown in the Chinese economy and the low price of crude oil means major challenges ahead in 2015. ... more
				U.S. dollar, Iran talks sway oil markets 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. ... more		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		DAMPE space telescope finds universal spectral feature that narrows field on cosmic ray origins ThinKom Develops Self-Funded Mobile HPM Weapon to Counter Drone Swarms Planet and Carbon Mapper Plan SWIR-Only Tanager Satellite for Wider Methane Detection		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		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		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		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

Sidekick autonomy software guides YFQ-42A test mission for CCA program

Infleqtion lists shares on NYSE as neutral atom quantum firm

Top Chinese gaming companies continue to challenge

Statoil 'highly impacted' by low oil prices		North Dakota reviews oil-train safety		Rig data paints mixed oil picture		Oil prices hammered by U.S. storage, OPEC resilience		Transocean to scrap four drilling rigs
Iraq makes $412 mn payment to Kurdistan region: minister		NOAA slams BP statement on gulf environment		Canada's Nexen announces layoffs		U.S. working to cut flaring of natural gas		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

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