Oil and Gas News

May 03, 2015

Has The US Reached "Peak Oil" At Current Price Levels?
Washington DC (SPX) May 03, 2015
Last night the EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The current consensus of 500,000 B/D additional growth in 2015 US production now appears very much at risk. Look how far we have come, folks, from all that media hysteria this past year. Yesterday, Reuters even wrote an article stating that the EIA prediction of a sequential decline in oil production in Ma ... read more

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Riyadh reshuffle reaches Saudi Aramco The government in Riyadh sanctioned a restructuring plan that would break oil company Saudi Aramco off from the nation's oil ministry, sources said Friday. ... more		US Navy bolsters presence in Gulf after Iran seizure US warships protecting American-flagged ships in the Strait of Hormuz may extend assistance to other countries' vessels, officials said Friday, after reports of Iranian forces harassing shipping. ... more		Oil refinery group: Safety measures need to go beyond rail car design A push to overhaul rail car designs to ensure the safe transport of crude oil is a narrow-minded approach, a U.S. refinery group said. ... more
				Texas oil pipeline network to expand Oil customers in the U.S. market will have links to most Texas refineries and ports once a string of new pipelines come online, Enterprise Products said Friday. ... more		Shell agrees to start clean up of 2008 Niger Delta oil spill Shell has agreed with Nigerian fishing community of Bodo in the Niger Delta to start the clean up of two devastating oil spills in 2008, activists and locals said Saturday. ... 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

Gas prices mirror crude oil's rise The national average price for a gallon of gas in the United States, mirroring crude oil prices, has risen at the fastest seasonal rate since 2012, AAA said. ... more		Five years of research since the Deepwater Horizon oil spill Scientists with the Ecotoxicology Program at NOAA's Northwest Fisheries Science Center in Seattle have been working to understand those effects. "Along with our research partners," said Nat Scholz, ... 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		Pipeline traffic lifts Enbridge income Pipeline company Enbridge Energy said it bucked trends set by its upstream peers by posting a net income up nearly 40 percent year-on-year. ... more
				U.S. refinery group opposes exports A coalition of U.S. refineries said repealing a 40-year-old ban on crude oil exports will harm energy security at a time when oil markets in are flux. ... more		World Bank: Ukraine needs deep reform Deep reforms in sectors ranging from budget management to energy are needed to stimulate the Ukrainian economy, the World Bank Group said. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Production edges up for Statoil Norwegian energy company Statoil said Thursday its first quarter production increased nearly 4 percent year-on-year despite a significantly weakened market. ... more		Diversity focus of Exxon, Shell earnings reports Two of the world's largest energy companies, Exxon and Shell, said a balanced portfolio meant they were able to cope in a market plagued by low oil prices. ... 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		Oil prices lower after rally Oil prices edged down on Friday after another rally that came on the back of the first drop in US stockpiles for six months as well as a weaker dollar. ... more
Macroeconomics lifts crude oil prices Stable personal income and spending in the United States, coupled with lower unemployment, helped lift crude oil prices on the last trading day of April. ... more		North Dakota gas capturing up for Whiting It's cheaper to drill and the amount of natural gas captured from North Dakota oil beat state requirements by nearly 10 percent, Whiting Petroleum said. ... more		BP signals start of new North Sea campaign British energy company BP said Wednesday it was marking the start of a campaign west of the Shetland Islands with deepwater drilling in the Loyal oil field. ... more		Iran looks inward for economic gains Iran's economic transformation rests with domestic issues and not with ongoing nuclear negotiations, Supreme Leader Ali Khamenei said Wednesday. ... more

	Gazprom profits down 86 percent Russian energy company Gazprom said Wednesday its profits for the year ending Dec. 31 were down 86 percent on currency values and charges tied to Ukraine. ... more		Pipeline companies probe aerial leak monitoring Three of the biggest pipeline companies in North America signed a partnership agreement to find ways to monitor for leaks using aerial technology. ... more

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Oil markets stagnant as U.S. GDP disappoints		Qatar opens $1 bn environmental gas project		Hercules Offshore: Rig market depressed		Combination of gas field fluid injection and removal cause of earthquakes		Nova Scotia calls explorers to frontier territory
U.S. frontier energy plans under fire		Gas prices may moderate, AAA says		Texas oil output up, but pessimism endures		Riyadh's Asian grit sends oil prices lower		North Dakota land grants support oil boom

Iraqi oil player 'stoic' amid price and terror threats

BP says it's surviving the weak market

North Dakota rig count hits new low

West African oil active despite maritime disputes

Hess: Exports will keep U.S. shale alive

Russian envoy says politics behind Gazprom charges

London keen on BP's survival

Saudi demand views lift oil prices

Norway sees oil, gas safety off to rough start

CNOOC revenue off nearly 40 percent

Oil hits 2015 peak as Saudis resume strikes on Yemen

EU sees need for LNG in energy plan

Russia eyes Argentinean energy role

Kazakhstan hosts oil-spill roundtable

GDF Suez launches rebranding blitz

EIA: Yemen presents unique energy risk

Sanchez Energy: U.S. shale production soaring

Crude oil rises along with Middle East tensions

Price plunge brings hardship to Canada oil sands El Dorado

Petrobras tries to move past darkest hour

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