Oil and Gas News

March 31, 2015

Statoil finds more gas offshore Tanzania
Stavanger, Norway (UPI) Mar 30, 2015
Tanzania may be ripe for future offshore natural gas development, though time is needed for appraisal after the latest find, Norway's Statoil said Monday. Statoil announced the discovery of roughly 1 trillion and 1.8 trillion cubic feet of natural gas in the Mdalasini-1 well off the Tanzanian coast. Marking the end of the first phase of operations there, the company said its eight discoveries to date combine for approximately 22 trillion cubic feet of gas reserves. Nick Maden, a regional ... read more

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Mar 25

Riyadh dancing in new oil market Saudi Arabia is forced to react to changing crude oil market dynamics by offering discounts to its potential clients in Asia, Wood Mackenzie said Monday. ... more		New Zealand courts oil and gas explorers Less than a week after boasting of the renewable energy footprint, the New Zealand government announced the start of an oil and gas drilling auction. ... more		Oil prices drop on prospect of Iran nuclear deal Global oil prices sank Monday as traders mulled a potential deal over key oil producer Iran's controversial nuclear energy programme that could worsen the global supply glut, analysts said. ... more
				Scotland takes energy message to Houston Scottish Energy Minister Fergus Ewing said he's taking a message to Texas that his country is a ripe investment destination for the oil and gas industry. ... more		North Dakota rig count continues fall The number of rigs deployed in oil-rich North Dakota dropped more than 2 percent from last week as spending cuts take their toll on development. ... more

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

Nuclear Decommissioning Conference Europe May 2015

African Petroleum generates new cash African Petroleum said Friday it raised roughly $12 million in a share offering and expects more in an effort to raise cash for its West African operations. ... more		Alberta revisits energy revenue A new budget plan outlined for the provincial government in Alberta moves energy revenues from spending to saving, Premier Jim Prentice said. ... 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'		Fla. lawmakers move polluter-pay oil bill With reserves on tap in Latin America, two Florida congressmen introduced a bill that would force companies to pay for oil cleanup on U.S. soil. ... more
				CNOOC 2014 profit rises despite 'blow' from oil price slump Chinese state-owned energy giant CNOOC on Friday said profit climbed over six percent last year as it started a spate of new projects, despite taking a "serious blow" from falling oil prices. ... more		U.S. GDP pulls reins on oil prices Crude oil prices pulled back Friday from sharp gains triggered by conflict in Yemen as U.S. data show a decline in economic growth in the fourth quarter. ... more

Looking to space to quantify natural gas leaks on Earth The recent increase in natural gas production could provide a bridge to a lower carbon future because it generates half the carbon dioxide (CO2) of coal when burned. However, natural gas that is lea ... more		Transocean prepares for challenges ahead Rig services company Transocean is bracing itself for an uncertain and difficult road ahead in the offshore drilling market, its chief executive officer said. ... 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		Yemen worries boost oil prices Multilateral military operations in a collapsing Yemen injected a layer of risk to global oil markets, pushing crude oil prices up 2 percent Thursday. ... more
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		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

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

Gazprom Neft surveying Kurdish oil potential		Myanmar attracts energy capital		Gas key to EU ties with Azerbaijan		Total moves ahead with North Sea development		Feds irked by industry stance on oil-train safety
Argentina condemns British 'provocation' in Falklands		Chinese demand for Russian oil holds steady		Lower spending may be pushing oil higher		100,000 Layoffs and Counting: Is this the New Normal		U.S. oil price up from six-year low

US gas boom slashes gas prices

New 450-kW gas cogeneration system to debut in Japan

Tight spending new normal for U.S. shale

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

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