Oil and Gas News

April 06, 2015

Texas energy sector can weather the storm, officials say
San Antonio (UPI) Apr 3, 2015
The Texas oil and natural gas sector may be facing challenges in the low oil price environment but it's well tooled to weather the storm, officials said. The Railroad Commission of Texas, the state energy regulator, reported total crude oil production for January, the last full month for which data are available, was 2.2 million barrels per day, up from the 1.9 million bpd reported in January 2014. Texas is the No. 1 oil producer in the nation. About half of all rigs actively exploring f ... read more

Previous Issues

Apr 03

Apr 02

Apr 01

Mar 31

Mar 30

Economic risks may emerge in North Dakota The rig count in North Dakota continues to decline and the economic health of cities depending on the oil industry may start to suffer, credit analysis finds. ... more		Oil price falls as Iran nuclear framework reached Crude-oil prices fell Thursday after six world powers and Iran announced they had agreed on a framework to curb Iran's nuclear drive. ... more		NRDC: Oil, gas violations largely unreported A report from the Natural Resources Defense Council finds "it is virtually certain" oil and gas violations are never reported because of inadequate enforcement. ... more
				Hercules lands rig deal after Saudi blow Hercules Offshore, one of the companies hurt by the low price of oil, said Thursday it signed a five-year contract with Eni for work off the West African coast. ... more		U.S. crude oil storage hammers oil prices Crude oil prices suffered major losses Thursday after U.S. federal data show commercial crude oil inventories surged to their highest level in 80 years. ... more

Space Tech Expo - Design - Build - Test - Long Beach CA - May 19-21, 2015

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

Zhou Yongkang: oil man whose well of power finally ran dry Former top Communist Zhou Yongkang rose through China's state oil industry to become the country's internal security chief - and amassed so much power, according to analysts, that he brought about his own downfall. ... more		Woodside Petroleum closes on Apache grab More than $2 billion was spent on acquiring liquefied natural gas assets in Australia from Apache Corp. and more deals are expected, Woodside Petroleum 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'		Petrobras shares rise after deal with Chinese bank Share prices for Brazilian state-owned oil giant Petrobras soared Wednesday after it announced it had signed an agreement to obtain $3.5 billion in funding from the China Development Bank (CDB). ... more
				AAA: Gas prices moving lower If crude oil prices remain low as expected, the national average price for a gallon of gasoline in the United States will drift back toward $2, AAA said. ... more		Suncor Energy: Prudence gives us strength Suncor Energy of Canada said it was making good progress on cost management measures that included the elimination of 1,000 staff positions. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Permian shale gas pipeline to Mexico announced A new 200-mile long pipeline will carry natural gas from a shale basin in Texas to an international connection at the Mexican border, ONEOK Partners announced. ... more		Beluga concerns nix Quebec oil terminal, delays pipeline Pipeline builder TransCanada announced Thursday it will not build a marine terminal at Cacouna, Quebec, saying increased tanker traffic in the region would have harmed a pod of beluga whales. ... 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		Shell responds to federal decision on Alaskan waters Shell said there are a series of contingencies to consider after a U.S. federal decision to reaffirm a lease for the arctic waters off the coast of Alaska. ... more
BNSF makes oil-train safety commitments BNSF Railway aims to eliminate older tank cars from crude oil service and take additional steps to improve safety in North Dakota, the state's governor said. ... more		Germany outlines rules on fracking The German cabinet drew up rules Wednesday on the hitherto unregulated technology of "fracking" in Germany, narrowly restricting its use, but stopping short of an outright ban. ... more		USGS reviews Cuba's oil potential Most of Cuba's petroleum demand is met by Venezuela and there is no commercial production from deep offshore reserves, the U.S. Geological Survey said. ... more		Poverty to rise in Russia, World Bank says The health of the Russian economy depends in part on how well it can manage to thrive in an era of low oil prices and sanctions, a World Bank report said. ... more

	Production starts in Danish North Sea Danish energy company Maersk Oil said it started production from a North Sea platform that should provide Denmark with new reserves for the next 30 years. ... more		Alaska oil and gas lease draws criticism A decision from the Department of Interior to review energy exploration plans off the coast of Alaska is "unconscionable," environmental groups 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

Oil prices inch up as Iranian talks drag on		DNO stops energy work in Yemen		Gas prices falling back to earth		U.S. oil-by-rail overshadows Canada's		Drill more, U.S. energy groups say
Eni to explore for reserves offshore Myanmar		Oil slumps as Iran talks deadline looms		Texas oil production increasing		Iran talks again drag on oil prices		CNOOC 2014 profit rises despite 'blow' from oil price slump

U.S. GDP pulls reins on oil prices

Looking to space to quantify natural gas leaks on Earth

Statoil finds more gas offshore Tanzania

Transocean prepares for challenges ahead

Riyadh dancing in new oil market

New Zealand courts oil and gas explorers

Oil prices drop on prospect of Iran nuclear deal

Scotland takes energy message to Houston

North Dakota rig count continues fall

African Petroleum generates new cash

Alberta revisits energy revenue

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

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