Oil and Gas News

April 16, 2015

Top 12 Media Myths On Oil Prices
London, UK (SPX) Apr 16, 2015
The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolving learning curve. And then there's all the regulations and compliance. But all-in-all it's pretty straight forward, that is, until the media gets a hold of it. That's when it becomes complicated. It's as though we are getting reports from the mysteries of the deep ocean or life in the great galaxies bey ... read more

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Critic: OPEC won't slash output if U.S. exports oil The notion that OPEC will respond to the end of a U.S. ban on crude oil exports with cuts of its own is "spectacularly" wrong, an advocacy group testified. ... more		API: Ensure U.S. oil boom continues A federal U.S. report shows oil production peaking in 2020, a forecast the industry says shows Washington needs to ensure dominance can continue. ... more		Higher demand forecast lifts oil prices Expectations of growing global demand for oil in a strengthening economy helped crude oil prices gain momentum in Wednesday trading. ... more
				IS seizes parts of Iraq's largest oil refinery: officials Jihadists from the Islamic State group broke into Iraq's massive Baiji oil refinery, seized some of its facilities and are hiding among fuel storage tanks, officials said Wednesday. ... more		Fracking fluid chemicals uncovered, helping test for contamination The organic chemicals in fracking fluid have been uncovered in two new studies, providing a basis for water contamination testing and future regulation. The research, published in Trends in Environm ... more

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

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

Scientists a step closer to developing renewable propane Researchers at The University of Manchester have made a significant breakthrough in the development of synthetic pathways that will enable renewable biosynthesis of the gas propane. This research is ... more		Nano-coated mesh could help clean up oil spills, cheaply Environmental cleanups could become a lot easier, cheaper and more effective if researchers at Ohio State University can find a way to scale their newly developed stainless steel mesh technology. ... 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		Make room, Iran tells OPEC 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. ... more
				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

Army Network Modernization 2015 - Washington DC June 23-25

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		Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy Ten Years Later, LIGO is a Black-Hole Hunting Machine NASA awards Blue Origin new lunar mission to deliver VIPER rover in 2027		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
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		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		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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Oil prices end week up about 1 percent		Faroe boasts of North Sea dominance		Jihadists attack Iraq's largest oil refinery		Oil jumps as Iran raises new challenge to nuclear deal		Horse Hill oil discovery sparks fracking fears
Greenpeace activists leave Arctic-bound oil rig		Hoeven: Infrastructure needed for oil boom		Woodside closes on Canadian energy acquisition		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

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