Oil and Gas News

March 27, 2015

Yemen worries boost oil prices
New York (UPI) Mar 26, 2015
Multilateral military operations in a collapsing Yemen injected a layer of risk to global oil markets, pushing crude oil prices up 2 percent Thursday. The Saudi government announced it was leading military operations, dubbed Decisive Storm, with its Arab allies "in order to defend the legitimate government in Yemen and prevent the Houthi militias from controlling the country by force." The Houthi militia, a Shiite group, has in recent weeks put pressure on the administration of President ... read more

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Mar 22

Shell takes further steps away from Nigeria The Nigerian subsidiary of Royal Dutch Shell said it made further progress in its divestment strategy by selling Niger Delta assets from $1.7 billion. ... more		U.S.: Schlumberger 'willfully' violated sanctions For six years, a division of oil services company Schlumberger "willfully" violated U.S. sanctions against Iran and Sudan, the Justice Department said. ... more		Russia squeezed by sanctions, European leader says Along with the low price of oil, sanctions imposed on Russia in response to crises in Ukraine have struck a major blow to its economy, a European leader said. ... more
				Oil giant PetroChina's 2014 net profit slumps 17% Chinese energy firm PetroChina said Thursday its net profit slumped 17 percent in 2014 from a year earlier as international crude oil prices plunged in the second half. ... more		British oil and gas production declines The British government said Thursday total oil production was down by 3.6 percent and gas production was down more than 1 percent during the last few months. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Wood Mac: High costs of drilling not abnormal Spending on oil and gas exploration is dropping off as oil prices remain depressed, but the industry may respond by doing more with less, Wood Mackenzie finds. ... more		Total moves ahead with North Sea development French energy company Total said Wednesday its plans for North Sea oil and gas development were backed by a British government expecting sector revitalization. ... more		China bids to host secretariat of new high seas treaty Protected forests under threat in DRC's lucrative mining belt Hundreds in London protest against Beijing 'mega embassy'		Feds irked by industry stance on oil-train safety The U.S. Department of Transportation said it was frustrated that an energy industry group was on the sidelines of the debate over oil transportation by rail. ... more
				Argentina condemns British 'provocation' in Falklands Argentina branded Britain's plans to beef up defenses in the Falklands a "provocation" and a pre-election stunt Wednesday. ... more		Chinese demand for Russian oil holds steady Demand for Russian crude oil in the Chinese economy is expected to hold steady, despite economic faltering in both countries, a Chinese trader said Wednesday. ... more

Lower spending may be pushing oil higher Crude oil prices gained traction in Wednesday trading as U.S. federal data show spending on exploration and production was down by double digits. ... more		Gazprom Neft surveying Kurdish oil potential In a sign of a growing Middle East presence, Russian energy company Gazprom Neft said it was surveying the reserve potential in the Kurdish north of Iraq. ... more		NASA moves moon rocket to launch pad ahead of Artemis 2 mission GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles JWST red dots reveal rapidly growing early black holes		Myanmar attracts energy capital An agreement to explore the energy potential off the coast of Myanmar is part of a strategy to meet growing needs in the Asia-Pacific, Chevron said. ... more
Gas key to EU ties with Azerbaijan Development of a natural gas pipeline network from Azerbaijan is one of the most important aspects of bilateral ties, a European Union report said Wednesday. ... more		100,000 Layoffs and Counting: Is this the New Normal This time a year ago, the oil industry's biggest problem was finding a way to deal with the "retirement tsunami" about to crash down on it as older oilfield workers hung up their cork boots to enjoy ... more		U.S. oil price up from six-year low U.S. dollar movements and economic signals from China helped push crude oil prices above the recent floor in early trading Tuesday. ... more		US gas boom slashes gas prices The recent shale gas boom ("fracking") in the United States has been beneficial to the economy, dropping natural gas prices 47 percent compared to what the price would have been prior to the frackin ... more

	New 450-kW gas cogeneration system to debut in Japan Mitsubishi Heavy Industries, Ltd. ( MHI) and Toho Gas Co., Ltd. have jointly developed a new 450- kilowatt (kW) gas cogeneration system to be launched into the Japanese market by both companies on A ... more		Tight spending new normal for U.S. shale "Financial prudence" will be the new normal for developments in shale basins in the United States in the era of low oil prices, the head of Schlumberger, the world's largest oilfield services company, said. ... more

Greenland is helpful, but not vital, for US missile defense

European military mission in Greenland as US aim 'remains intact'

Amazon expands 'sovereign cloud' in Europe

Russia's Lukoil committed long term to Iraq		Iran expects oil market influence		UK 'military lobby' behind Falklands beef-up: Argentina		Oil mixed on weak Chinese data		'No blacks' Chinese restaurant shut down in Kenya
Australia's Woodside cuts jobs		ADB tells Pakistan to seize moment on low oil prices		AAA: U.S. gas prices drifting lower nationally		Russian currency stabilizing despite oil's fade		Sanctions push Total towards China to finance Russia project: report

China's Sinopec net profit slumps nearly 30% in 2014

Saudi king invites Iraq PM to visit as ties thaw

U.S. lifts threat warning in Saudi Arabia

Oil prices falter as OPEC stands firm

North Sea tax policies short-sighted, Scotland says

Iran expecting economic growth

Sinopec facing era of slower growth

U.S. releases new federal fracking rules

Exxon done with 2011 oil spill cleanup

Wintershall defiant in low oil price era

U.S. dollar, Iran talks sway oil markets

Low oil prices may hurt Colorado economy

U.S.: Security risks in oil-rich Saudi region

Statoil 'highly impacted' by low oil prices

Gulfsands Petroleum still keen on Syrian oil

North Dakota reviews oil-train safety

Shell unloads Nigeria assets

Rig data paints mixed oil picture

Russia expects some economic recovery by 2016

Oil prices hammered by U.S. storage, OPEC resilience

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