Oil and Gas News

April 23, 2015

Uganda not yet ready for oil prime time
Kampala, Uganda (UPI) Apr 22, 2015
A weakened crude oil market means investments might not materialize in time to finance Uganda's fledgling oil sector, the Bank of Uganda said. The Bank of Uganda said in a monetary policy report for April there are lingering questions over the nation's oil development given the low price of oil and the investments needed to exploit the type of crude oil found in the country. "Whereas oil production had been projected to start in 2018, this date could now be pushed out even further, given ... read more

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Russian oil company irked by arctic rules Private company interests are favored over those of state entities when considering access to frontier arctic territory, Russian oil company Rosneft said. ... more		Lundin takes loss on dry hole, currencies Swedish energy company Lundin Petroleum said Wednesday it expected a $45 million loss in the first quarter after disappointing exploration results in Norway. ... more		Iranian oil still restricted, U.S. says Restrictions on Iranian oil exports remain in place while negotiators work toward a formal nuclear agreement, the U.S. State Department said. ... more
				Gazprom abusing market position, EU says Russian natural gas company Gazprom may be violating antitrust rules in Central and Eastern European markets, the European Commission said Wednesday. ... more		Crude oil markets in limbo Crude oil prices held their ground in the early stages of Wednesday's trading session as markets tried to make sense of fluctuating supply and demand dynamics. ... more

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

BHP Billiton keeps chin up in weak market While its petroleum portfolio expanded, notably in the United States, BHP Billiton said Wednesday it would throttle future developments in the weak oil market. ... more		Scientists develop mesh that captures oil - but lets water through The unassuming piece of stainless steel mesh in a lab at The Ohio State University doesn't look like a very big deal, but it could make a big difference for future environmental cleanups. Water pass ... 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		IEA reviews arctic energy ambitions Norway has the experience to lead developments offshore, but tapping into frontier territory in arctic waters carries heavy risks, the director of the IEA said. ... more
				Year-on-year, U.S. oil output up Oil production in the Lower 48 U.S. states is increasing year-on-year despite low oil prices and less spending on exploration and production, analysis finds. ... more		Oil price rally stalls in data anticipation A brief rally in crude oil prices stalled Tuesday, with major indices treading water ahead of the release of key market data later this week. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Iran wants more non-oil exports, better prices Iran aims to increase non-oil exports by 20 percent as part of an effort to reduce its economic dependence on crude oil, an industry minister said Tuesday. ... more		North Dakota to improve pipeline safety New pipeline rules in North Dakota will give the oil-rich state stronger safeguards against leaks and improve remediation, Gov. Jack Dalrymple 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		BG Group prioritizes Australia, Brazil British energy company BG Group said Tuesday it would change how it discloses financial data to reflect the importance of Brazilian and Australian assets. ... more
Baker Hughes cuts 10,500 from payroll "Extreme market forces" are in play in the global energy sector, oil services company Baker Hughes said Tuesday in announcing widespread layoffs. ... more		How Much Longer Can OPEC Hold Out? 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 atten ... more		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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Input sought for Alaska drilling program		Airstrikes target Islamic State near Iraqi refinery		Texas oil sector slowing down		US seeking to allay Gulf fears amid regional chaos		Energy sanctions economic war, Kremlin says
Schlumberger to lay off 11,000		BG Group comes up empty in North Sea		Oil prices, rig counts drift lower		EU data shoves oil prices lower		Eni brags of oil production in Egypt

Oil prices source of imbalance, global banks say

Halliburton limping in weak oil market

OPEC increases oil production in March; U.S. shale dropping

Oil prices move lower on surging OPEC output

House GOP wants more Atlantic leases in offshore drilling plan

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

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