Oil and Gas News

April 24, 2015

EIA: Yemen presents unique energy risk
Washington (UPI) Apr 23, 2015
Conflict in Yemen may drag on the global crude oil market, not because of production, but because of strategic waterways, U.S. analysis said Thursday. Saudi Arabia this week announced an end to a pan-Arab air campaign in Yemen dubbed "Decisive Storm." The offensive was meant to ensure political stability in a Yemen under threat from the Houthi rebel group, which has backing from the Shiite government in Iran. Yemeni President Abdu Rabbu Mansour Hadi fled the country to Saudi Arabia. Riya ... read more

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Sanchez Energy: U.S. shale production soaring U.S. shale explorer Sanchez Energy said it will be sustainable in the low crude oil market as output soars as a result of efficient drilling operations. ... more		Crude oil rises along with Middle East tensions Lingering tensions in and around the Middle East lifted crude oil prices in early Thursday trading as the EU issued a key barometer of government debt. ... more		Price plunge brings hardship to Canada oil sands El Dorado Sky-high salaries once attracted thousands of workers to this small city in the heart of Canada's oil sands. ... more
				Petrobras tries to move past darkest hour Brazilian state-owned oil company Petroleo Brasileiro aims to move past a "sad chapter" after taking a massive loss in a graft scandal, its top executive said. ... more		Lavrov: Charges against Gazprom are baseless Charges from the European Commission that energy company Gazprom abused its market position are "absolutely inadmissible," Russia's foreign minister said. ... 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

Weatherford: North American sector 'very' rough As many as 10,000 jobs may be cut from payrolls as revenue losses mount for companies working in the upstream sector, services company Weatherford said. ... more		CO2 per barrel down in Canada, Statoil says Norwegian energy company Statoil said Thursday its environmental footprint at a Canadian oil sands project had improved amid record production. ... 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		Uganda not yet ready for oil prime time A weakened crude oil market means investments might not materialize in time to finance Uganda's fledgling oil sector, the Bank of Uganda said. ... more
				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

Army Network Modernization 2015 - Washington DC June 23-25

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		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		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
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		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		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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

North Dakota to improve pipeline safety		BG Group prioritizes Australia, Brazil		Baker Hughes cuts 10,500 from payroll		How Much Longer Can OPEC Hold Out?		Russia's vast Arctic gas project aims to avoid Ukraine deep freeze
Iraq clears massive oil refinery of IS: coalition		Injuries reported at natural gas well fire in India		EU dreams of Iranian gas to break dependence on Moscow		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

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