Oil and Gas News

April 17, 2015

OPEC increases oil production in March; U.S. shale dropping
Vienna (UPI) Apr 16, 2015
The Organization of Petroleum Exporting Countries will continue increasing output of oil, despite an oversupply, projecting an increased demand 80,000 barrels per day higher for this year than anticipated. For the month of March, OPEC produced an average of about 30.79 million barrels per day - an increase of 810,000 thousand bpd. "Crude oil output increased mostly from Saudi Arabia and Iraq, while Libya saw a return of about 165 [thousand barrels per day] from shut-in wells in active o ... read more

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Oil prices move lower on surging OPEC output Brent crude oil topped $63 per barrel early Thursday before moving lower on word OPEC output had surged in March, balancing slowing U.S. production. ... more		House GOP wants more Atlantic leases in offshore drilling plan The House Natural Resources Subcommittee on Energy and Mineral Resources held an oversight hearing Wednesday on the Obama administration's Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. ... more		Top 12 Media Myths On Oil Prices 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 evolvin ... more
				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

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

The World's Largest Commercial Drone Conference and Expo - Sept 9 - Las Vegas

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

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		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		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
				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		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

Army Network Modernization 2015 - Washington DC June 23-25

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		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		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		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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Clarification issued over massive British oil find		Defiant China oil boss denies graft charges: report		Nano-coated mesh could help clean up oil spills, cheaply		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

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