Oil and Gas News

April 10, 2015

Saudi role in energy markets is changing
Houston TX (SPX) Apr 10, 2015
Saudi Arabia's role in global energy markets is changing, according to a new paper from an energy expert at Rice University's Baker Institute for Public Policy. The researcher found that the kingdom is reshaping itself as a supplier of refined petroleum products while moving beyond its long-held role as a simple exporter of crude oil. "A Refined Approach: Saudi Arabia Moves Beyond Crude" examines the growth of Saudi refining, the country's increased domestic demand for crude oil and the geopolitic ... read more

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Wall Street Losing Millions From Bad Energy Loans Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oi ... more		Study finds a natural oil dispersion mechanism for deep-ocean blowout A first-of-its-kind study observed how oil droplets are formed and measured their size under high pressure. They further simulated how the atomized oil spewing from the Macondo well reached the ocea ... more		Methane monitoring method reveals high levels in Pennsylvania stream A new stream-based monitoring system recently discovered high levels of methane in a Pennsylvania stream near the site of a reported Marcellus shale gas well leak, according to researchers at Penn S ... more
				Apache Corp. unloads Australian subsidiary Apache Corp. said it was strengthening its position in the North American market through the $2.1 billion sale of its Australian subsidiary. ... more		Saudi demand optimism lifts oil prices Prospects for a brief slowdown in U.S. oil production and demand expectations from Saudi Arabia gave oil prices a major lift in Thursday trading. ... more

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Iraqi oil producer Gulf Keystone still for sale Iraqi oil player Gulf Keystone Petroleum said Thursday it's still in talks about a sale of the company despite significant achievements in the country. ... more		China on tap for Iranian 'Peace Pipeline,' report says Pakistani officials said they're building a natural gas pipeline that could stretch to Iran with anticipation of financial support from the Chinese government. ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		Gazprom Neft compensated with Iraqi oil Russian energy company Gazprom Neft said Thursday it received its first batch of oil from the Badra field in Iraq as compensation for field development costs. ... more
				Riyadh reasserts oil market influence Production commitments from Saudi Arabia, coupled with a low price prediction from the United States, dealt a blow to crude oil prices Wednesday. ... more		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

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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		Northrop Grumman moves to boost B-21 Raider output Telus and AST SpaceMobile plan direct-to-phone satellite service across Canada How Can Traffic Camera Footage Help Prove A Car Accident Claim In Rock Hill		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		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		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		Jordan cleared for Israeli gas deliveries		Iranian media calls for boycott of Saudi oil		Oil prices drop on potential Iranian oil for China		Libya expects more oil production soon, report
Oil prices spike on end of Saudi discount		Iraqi oil exports reached 2015 record in March		Iran expecting foreign cash in oil sector		Russia, Vietnam sign energy agreements		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

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