Oil and Gas News

April 01, 2015

DNO stops energy work in Yemen
Oslo, Norway (UPI) Mar 31, 2015
Norwegian energy company DNO announced Tuesday it stopped work in Yemen because of the tense security situation in the country. The company said it suspended operations in Yemen entirely. Prior to the announcement, the company said it was producing around 1,950 barrels of oil per day from two reserve interests in the country. Saudi Arabia last week announced it was leading military operations, dubbed Decisive Storm, with its Arab allies "in order to defend the legitimate government in Ye ... read more

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Gas prices falling back to earth The national average price for a gallon of regular unleaded gasoline in the United States is falling as refineries resume production, motor club AAA said. ... more		U.S. oil-by-rail overshadows Canada's The volume of crude oil transported by rail in the United States is greater than the volume in Canada by a factor of nearly 9-to-1, federal data show. ... more		Drill more, U.S. energy groups say With the federal government vetting more drilling offshore Alaska, industry groups called on the federal government to open more areas up for exploration. ... more
				Eni to explore for reserves offshore Myanmar Italian energy company Eni said Tuesday it's now among the largest operators in an emerging Myanmar after signing new production sharing contracts. ... more		Oil slumps as Iran talks deadline looms Oil prices fell Tuesday as global powers and Iran raced to reach a deal on Tehran's nuclear program that could ease sanctions on the crude producer, adding to the global oversupply. ... more

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

Nuclear Decommissioning Conference Europe May 2015

Texas oil production increasing Preliminary state data show crude oil production in Texas is on the rise, though drilling permits for February are down 45 percent year-on-year. ... more		Iran talks again drag on oil prices Momentum at the Iranian nuclear negotiating table put additional pressure on crude oil prices for a second day, with Brent down more than 2 percent Tuesday. ... more		Ex-US climate envoy: Trump threatening 'consensus science' worldwide How did an Indian zoo get the world's most endangered great ape? Australian scientists grapple with 'despicable' butterfly heist		Statoil finds more gas offshore Tanzania 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. ... more
				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		Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy Ten Years Later, LIGO is a Black-Hole Hunting Machine 10 Pizza Facts Everyone Should Know and Love		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
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

	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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Fla. lawmakers move polluter-pay oil bill		Yemen worries boost oil prices		Shell takes further steps away from Nigeria		U.S.: Schlumberger 'willfully' violated sanctions		Russia squeezed by sanctions, European leader says
Oil giant PetroChina's 2014 net profit slumps 17%		British oil and gas production declines		Wood Mac: High costs of drilling not abnormal		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

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