Oil and Gas News

May 05, 2015

Oil Price War May Benefit Both US Shale And Saudi Arabia
Washington DC (SPX) May 05, 2015
Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? Is this a relatively short term event like 2008, or a longer term slump like the one in the mid 1980's? After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels. If oil does not return to $100 a barrel until 2035, there will be a lot less shale comp ... read more

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Why The US Should Worry About Oil Sector Jobs Outside of individual's holding oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil and gasoline has probably outweighed ... more		Oil and gas development transforms landscapes Improved drilling technologies and energy demand have resulted in the large-scale expansion of oil and gas development, with 50,000 new wells drilled per year recently in central North America. Loca ... more		EU energy strategy extends beyond Europe Efforts to diversify the European energy sector should reach beyond its borders to countries like Norway and Turkmenistan, a European gas official said Monday. ... more
				Rig data show Oklahoma beats North Dakota Oklahoma has 20 percent more rigs in active service than North Dakota as shale activity in the United States evolves, state data show. ... more		Chinese stock gains lift oil prices A running of the bulls in the Chinese stock market pushed oil prices into positive territory Monday, with major indices up nearly a full percent. ... 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

Another rig company stumbles One of the largest rig services companies in the world, Diamond Offshore Drilling, said Monday it lost $256 million during the first quarter of the year. ... more		Iran says U.S. oil reps headed to Tehran Delegates from the U.S. oil industry are expected in Tehran to explore the possibility of conducting business there, Iran's deputy oil minister said Monday. ... 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		Has The US Reached "Peak Oil" At Current Price Levels? 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 ... more
				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

Army Network Modernization 2015 - Washington DC June 23-25

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		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		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
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		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		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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Pipeline companies probe aerial leak monitoring		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
U.S. refinery group opposes exports		World Bank: Ukraine needs deep reform		Production edges up for Statoil		Diversity focus of Exxon, Shell earnings reports		Oil prices lower after rally

Macroeconomics lifts crude oil prices

North Dakota gas capturing up for Whiting

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

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