Oil and Gas News

May 06, 2015

New heads for all three Chinese oil giants
Shanghai (AFP) May 5, 2015
China has replaced the heads of its three biggest energy companies, the firms said in separate statements, as speculation mounts over reforms to the oil industry. China's Communist Party controls the management of the country's major state-owned enterprises with power to shuffle their heads at will. Industry giant China National Petroleum Corp. (CNPC) said in a statement that chairman Zhou Jiping had stepped down due to age, to be replaced by Wang Yilin, previously head of offshore oil firm CNOO ... read more

Previous Issues

May 05

May 04

May 03

May 02

May 01

Iraqi pipe dreams A recent article in the New York Times written by the Iranian foreign minister, Mohammad Javad Zarif, was breathtaking in its hypocrisy. ... more		EU outlines energy diversity strategy A diverse source of energy, from Caspian to potential North American sources, is needed for European security, the EU's energy commissioner said Tuesday. ... more		More oil on tap for OPEC member Angola Italian energy company Eni announced Tuesday it was ahead of the curve with what its partners described as a breakthrough operation offshore Angola. ... more
				U.S. shale players doing more with less Though net profits and spending are down, companies working in U.S. shale basins are finding well costs going down while production forecasts grow. ... more		New refinery online in North Dakota A new refinery in North Dakota, the first of its kind in the country in nearly 40 years, will help drive the state's economy forward, MDU Resources 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

Next Generation Integrated ISR 2015 - Washington DC - July 27-29

European optimism sparks crude oil rally A report of better-than-expected growth in the European economy sent crude oil prices to new 2015 levels, with key indices up more than 2 percent Tuesday. ... more		Oil Price War May Benefit Both US Shale And Saudi Arabia 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 slu ... 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		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

Army Network Modernization 2015 - Washington DC June 23-25

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		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		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		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		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		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

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Texas oil pipeline network to expand		Shell agrees to start clean up of 2008 Niger Delta oil spill		Gas prices mirror crude oil's rise		Five years of research since the Deepwater Horizon oil spill		BP signals start of new North Sea campaign
Iran looks inward for economic gains		Gazprom profits down 86 percent		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

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