Oil and Gas News

April 09, 2015

Riyadh reasserts oil market influence
New York (UPI) Apr 8, 2015
Production commitments from Saudi Arabia, coupled with a low price prediction from the United States, dealt a blow to crude oil prices Wednesday. Saudi Oil Minister Ali al-Naimi said at an economic conference in Riyadh late Tuesday he was optimistic oil markets would recover, adding production from the de facto leader of the Organization of Petroleum Countries was steady. "Oil production in the kingdom is stable and the kingdom's production per day in March amounted to 10.3 million barre ... read more

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U.S. rig count down 17 percent from February The number of rigs exploring for or producing oil and natural gas in the United States in March was down 17 percent from the previous month, Baker Hughes said. ... more		Islamic State revenues hit by lost Iraqi oil fields: report The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper report said Thursday. ... more		Shell sees leverage with BG grab Shell gains leverage in the deepwater and liquefied natural gas market in its Wednesday bid for rival BG Group, a spokesperson for the Dutch supermajor said. ... more
				Texas shale durable, report finds Shale basins in Texas are outperforming their domestic peers in part because of their proximity to major markets, a report from Bentek Energy finds. ... more		Iran's oil minister heads to China Iran's oil minister arrived Wednesday in Beijing to discuss oil sales, the same week as Iran was admitted as an early member of an Asian investment bank. ... more

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Woodside finds more gas offshore Australia Australian energy company Woodside Petroleum said Wednesday it made a gas discovery off the country's western coast that's near existing LNG infrastructure. ... more		Energy conference in Norway canceled because of weak market Organizers of an energy conference in Norway said they've canceled an event scheduled for August because of low oil prices and too few exhibitors. ... 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		Shell takes legal action over Greenpeace protest on rig Oil giant Shell filed a legal complaint Tuesday against Greenpeace protestors who have boarded an Arctic-bound oil rig in the middle of the Pacific Ocean, a spokeswoman said. ... more
				U.S. gas prices continue to drop The average U.S. price for a gallon of regular unleaded gasoline continues its steady decline as most refineries return to status quo operations, AAA said. ... more		Get serious on oil trains, NTSB tells industry The National Transportation Safety Board called on the rail industry to act quickly to replace or retrofit cars designated to carry crude oil. ... more

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Oil prices down in Asian trade Oil prices fell on profit-taking in Asia Tuesday after rallying in the previous session owing to doubts the nuclear agreement between Iran and global powers will immediately boost Tehran's crude exports, analysts said. ... more		Jordan cleared for Israeli gas deliveries A 2014 agreement to ship natural gas from the Tamar field off the coast of Israel to Jordan was backed by the Israeli government, an operator said Tuesday. ... 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		Iranian media calls for boycott of Saudi oil The international community should boycott oil from Saudi Arabia to rob the government in Riyadh of the will to keep fighting in Yemen, Iranian media said. ... more
Oil prices drop on potential Iranian oil for China Iranian diplomacy again influenced oil prices, with indices drifting lower Tuesday in response to Tehran's efforts to sell more of its crude oil to China. ... more		Libya expects more oil production soon, report Libyan media reports, an oil field shuttered since the middle of 2013, may be on the cusp of resuming operations after the resolution of labor disputes. ... more		Oil prices spike on end of Saudi discount A Saudi decision to raise market prices for Asia pushed oil upward in Monday trading, erasing concerns from last week's poor U.S. labor showings. ... more		Iraqi oil exports reached 2015 record in March Iraqi oil exports of around 92 million barrels per day last month were the highest yet this year, with most of that leaving southern ports, the government said. ... more

	Iran expecting foreign cash in oil sector Foreign investors are expected to flood the Iranian market as sanctions relief expands the country's oil potential, officials said Monday. ... more		Russia, Vietnam sign energy agreements As the Asian pivot continues, Russian oil company Gazprom Neft said Monday it signed deals with its counterparts at PetroVietnam. ... more

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Search continues for Pemex rig workers missing since Wednesday		Greenpeace boards oil rig, Shell slams 'stunt'		Texas energy sector can weather the storm, officials say		Economic risks may emerge in North Dakota		Oil price falls as Iran nuclear framework reached
NRDC: Oil, gas violations largely unreported		Hercules lands rig deal after Saudi blow		U.S. crude oil storage hammers oil prices		Zhou Yongkang: oil man whose well of power finally ran dry		Woodside Petroleum closes on Apache grab

Petrobras shares rise after deal with Chinese bank

AAA: Gas prices moving lower

Suncor Energy: Prudence gives us strength

Permian shale gas pipeline to Mexico announced

Beluga concerns nix Quebec oil terminal, delays pipeline

Shell responds to federal decision on Alaskan waters

Alaska oil and gas lease draws criticism

Oil prices inch up as Iranian talks drag on

BNSF makes oil-train safety commitments

Germany outlines rules on fracking

USGS reviews Cuba's oil potential

Poverty to rise in Russia, World Bank says

Production starts in Danish North Sea

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

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