Oil and Gas News

April 15, 2015

Make room, Iran tells OPEC
Tehran (UPI) Apr 14, 2015
OPEC member states should self-regulate so Iran's expected return to the oil stage won't hurt markets, Iran's oil minister said Tuesday from Tehran. Iranian Oil Minister Bijan Zangeneh said members of the Organization of Petroleum Exporting Countries should cut output in an effort to stimulate oil prices. "Even the most conservative OPEC member states do not believe that OPEC production should exceed 30 million barrels per day and we believe that this amount should be cut by at least 5 p ... read more

Previous Issues

Apr 14

Apr 13

Apr 12

Apr 10

Apr 09

LNG work in Yemen halted by violence Declining security in Yemen means it's time to halt all production and start evacuating personnel, a Yemeni liquefied natural gas company said Tuesday. ... more		Lundin produces first oil from offshore Malaysia Swedish energy company Lundin Petroleum declared victory Tuesday after announcing its first volumes of oil produced from a field off the coast of Malaysia. ... more		WTI continues upward trajectory Strong retail spending in the United States, coupled with expectations of an oil production slowdown, pushed the U.S. benchmark for oil up in Tuesday trading. ... more
				Summer could bring higher gas prices Though gasoline prices are far below the historic average, there may be an increase ahead as demand increases this coming summer, motor club AAA said. ... more		North Dakota oil production slumps Oil production in North Dakota has declined 4 percent since a record was set in December, largely because of lower oil prices, state data show. ... more

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

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

Dutch court orders halt to gas production in quake-hit town /> Concerned groups and opposition political parties in the Groningen province dragged the Dutch government to court to demand a halt to gas extraction from the field where production has hit 50 bi ... more		Russia's Lukoil sets up shop in Iran Russian oil company Lukoil said Wednesday it reopened its offices in Iran in anticipation of the full removal of economic sanctions. ... 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'		IMF: Oil price adds to complex dynamics The decline in oil prices has led to a subdued outlook for the global economy, with importers like China and exporters alike feeling the impact, the IMF said. ... more
				New rules proposed for offshore drilling The U.S. government said it's proposing new rules to prevent a repeat of the Deepwater Horizon tragedy, though the industry said it's ahead of the curve. ... more		Clarification issued over massive British oil find A British oil company offered a clarification of its estimate of the oil reserve potential at a site that sparked fears of a widespread fracking campaign. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Defiant China oil boss denies graft charges: report A former senior executive of China's largest oil producer denied most corruption charges at his trial, state-run media reported Tuesday, a rare example of defiance in a country where almost all criminal defendants are convicted. ... more		Oil prices end week up about 1 percent Oil prices held steady Friday ahead of key industry data as markets took a wait-and-see approach on strong Chinese economic momentum. ... 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		Faroe boasts of North Sea dominance Faroe Petroleum said Friday it's among the regional leaders in terms of Norwegian operations after announcing results from a North Sea exploration well. ... more
Jihadists attack Iraq's largest oil refinery Islamic State militants on Saturday launched suicide attacks against the Baiji oil refinery, Iraq's largest, a senior army officer said. ... more		Oil jumps as Iran raises new challenge to nuclear deal Crude prices jumped Friday to finish a volatile week on a high note after Tehran raised new questions about the nuclear deal that would allow Iranian oil back into the market. ... more		Horse Hill oil discovery sparks fracking fears With major oil deposits uncovered in England, an advocacy group said it was concerned about the pace of the fledgling shale industry in the country. ... more		Greenpeace activists leave Arctic-bound oil rig Six Greenpeace activists who scaled an Arctic-bound Shell oil drilling rig in the middle of the Pacific Ocean abseiled down on Saturday, with the oil giant securing a restraining order against the environmental group. ... more

	Hoeven: Infrastructure needed for oil boom The potential for funding for pipeline safety will help ensure the infrastructure is in place to support U.S. energy trajectory, a North Dakota senator said. ... more		Woodside closes on Canadian energy acquisition Australian energy company Woodside Petroleum announced Friday it closed on a deal to acquire Canadian interests from rival Apache Corp. ... 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

Americas seek stronger energy ties		Shell standing above its peers		Statoil finds more gas in Norwegian Sea		North Dakota rig slump continues		Good European labor figures boost oil prices
Iran says it's ready to send gas to Europe		IEA: Central Asia, Eastern Europe need to open energy doors		Can Argentina Capitalize On Its Vast Shale Reserves?		Saudi role in energy markets is changing		Wall Street Losing Millions From Bad Energy Loans

Breached Yellowstone River pipeline reveals crack

Study finds a natural oil dispersion mechanism for deep-ocean blowout

Methane monitoring method reveals high levels in Pennsylvania stream

Statoil makes oil discovery in Gulf of Mexico

Baker Hughes suspends key well count report

Apache Corp. unloads Australian subsidiary

Saudi demand optimism lifts oil prices

Iraqi oil producer Gulf Keystone still for sale

China on tap for Iranian 'Peace Pipeline,' report says

Gazprom Neft compensated with Iraqi oil

Riyadh reasserts oil market influence

U.S. rig count down 17 percent from February

Islamic State revenues hit by lost Iraqi oil fields: report

Shell sees leverage with BG grab

Texas shale durable, report finds

Iran's oil minister heads to China

Woodside finds more gas offshore Australia

Jordan cleared for Israeli gas deliveries

Iranian media calls for boycott of Saudi oil

Oil prices drop on potential Iranian oil for China

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.