Oil and Gas News

April 21, 2015

How Much Longer Can OPEC Hold Out?
Washington DC (SPX) Apr 21, 2015
OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. When OPEC speaks, the world listens in rapt attention as it accounts for nearly 40 % of the world's total crude output. With its headquarters in Vienna, Austria, one of the mandates of 12- member OPEC is to "ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income t ... read more

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Russia's vast Arctic gas project aims to avoid Ukraine deep freeze Spread across the frozen whiteness of the Russian Arctic, the ambitious $27 billion Yamal gas megaproject aims to defy both the extreme temperatures and the Ukraine crisis impacting its funding. ... more		Iraq clears massive oil refinery of IS: coalition Iraqi forces backed by US-led air strikes have cleared the country's largest oil refinery of the Islamic State group, the international coalition helping Baghdad fight the jihadists said on Sunday. ... more		Injuries reported at natural gas well fire in India Indian energy company ONGC said it called on U.S. well control leaders Boots & Coots to help contain a fire that left 12 people injured during the weekend. ... more
				EU dreams of Iranian gas to break dependence on Moscow The EU is hoping future gas imports from Iran can break its dependence on Russia as prospects grow for a nuclear deal that would include lifting sanctions on Tehran. ... more		Input sought for Alaska drilling program The federal government said it extended a comment period on proposed regulations for drilling in arctic waters offshore Alaska to allow for more public input. ... 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

Airstrikes target Islamic State near Iraqi refinery Islamic State fighting positions and artillery were destroyed near the Beiji oil refinery in Iraq by coalition airstrikes, the U.S. Defense Department said. ... more		Texas oil sector slowing down The number of rigs used in exploration and production in Texas declined, resulting in layoffs in the oil field services sector, the Dallas Federal Reserve said. ... 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		US seeking to allay Gulf fears amid regional chaos With conflicts raging across the Middle East, the US is seeking to reassure its Gulf allies that it has a regional strategy which will be bolstered, not shredded, by any Iran nuclear deal. ... more
				Energy sanctions economic war, Kremlin says Targeting the Russian oil and gas sector with sanctions is a tacit act of economic warfare, Russian Prime Minister Dmitry Medvedev said Friday. ... more		Schlumberger to lay off 11,000 Most of the decrease in the quarterly revenue for the first quarter of the year came from the "severe" decline in North America, Schlumberger said. ... more

Army Network Modernization 2015 - Washington DC June 23-25

BG Group comes up empty in North Sea A Norwegian energy regulator said Friday a subsidiary of British energy company BG Group came up dry while drilling in the northern waters of the North Sea. ... more		Oil prices, rig counts drift lower A decline in rig activity in the United States wasn't enough to stimulate oil markets responding to an increase in OPEC oil production. ... 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		EU data shoves oil prices lower Weak economic data Monday from the European Union offset concerns about threats to the oil sector in Saudi Arabia, pushing oil prices lower. ... more
Eni brags of oil production in Egypt Italian energy company Eni said Monday its oil production in the Western Desert of Egypt has reached a record level, doubling its rate in just three years. ... more		Oil prices source of imbalance, global banks say Backers of the World Bank and International Monetary Fund are called on to remain vigilant against monetary shocks like the low price of oil, the banks said. ... more		Halliburton limping in weak oil market Oil services company Halliburton said Monday profits were hit by an industry downturn, but the pending acquisition of rival Baker Hughes should provide a boost. ... more		OPEC increases oil production in March; U.S. shale dropping 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. ... more

	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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Top 12 Media Myths On Oil Prices		Make room, Iran tells OPEC		LNG work in Yemen halted by violence		Lundin produces first oil from offshore Malaysia		WTI continues upward trajectory
Summer could bring higher gas prices		North Dakota oil production slumps		Dutch court orders halt to gas production in quake-hit town		Russia's Lukoil sets up shop in Iran		IMF: Oil price adds to complex dynamics

New rules proposed for offshore drilling

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

Critic: OPEC won't slash output if U.S. exports oil

API: Ensure U.S. oil boom continues

Higher demand forecast lifts oil prices

IS seizes parts of Iraq's largest oil refinery: officials

Fracking fluid chemicals uncovered, helping test for contamination

Scientists a step closer to developing renewable propane

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

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