Oil and Gas News

May 16, 2015

Oil prices fall on weak China data
Singapore (AFP) May 14, 2015
Oil prices fell in Asia on Thursday as lacklustre Chinese economic data raised concerns about demand in the world's top energy consuming nation, analysts said. US benchmark West Texas Intermediate for June delivery fell 20 cents to $60.30 while Brent crude for June eased 16 cents to $66.65 in afternoon trade. "The global demand situation for oil is considerably weaker than it was 24 hours ago lead by weak data coming in from China, and this has been the main factor pushing prices down," said Mic ... read more

Previous Issues

May 14

May 13

May 12

May 11

May 09

Florida lawmakers say no to Atlantic drilling Florida lawmakers introduced a bill to ban early oil and gas work off the state coast, saying an early push for east coast drilling was too risky. ... more		Oil production rebounds in North Dakota Oil production in North Dakota increased 1 percent despite obvious signs of a slowdown in the state's shale reserve areas, state data show. ... more		Export nod triggers Texas LNG construction After a federal export nod, Cheniere Energy, a liquefied natural gas pioneer, said it would proceed with construction of the first of two facilities in Texas. ... more
				New drilling technology could unlock old oil Analysis from research center IHS finds advances in hydraulic fracturing used in the United States could unlock oil in mature fields outside North America. ... more		Former MI6 boss picked as BP director British energy company BP said Thursday it hired John Sawers, the former head of spy agency MI6, as a non-executive director. ... 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

New York fracking ban closer to law Parts of the Marcellus shale natural gas play in New York may be off limits to hydraulic fracturing because of potential adverse risks, a state review found. ... more		Crude oil prices stall out Expectations of a lower price for Brent crude oil kept keep indices treading water in early Thursday trading, relatively unchanged to start the day. ... more		As world burns, India's Amitav Ghosh writes for the future Fire on Ice: The Arctic's Changing Fire Regime Cosmic krypton timestamps reveal Australia landscape evolution and resources		Shell's Alaska nod met with outrage A federal decision to give conditional approval to Shell to drill in the arctic waters off the coast of Alaska was an egregious error, advocacy groups said. ... more
				Capitol Hill weighs in on Shell's plans for Alaska U.S. lawmakers had their say on the conditional consent given to Shell's plans for offshore Alaska, saying it's an affirmation of the industry's track record. ... more		LNG slated for U.S. exports A plant in Texas is authorized to send liquefied natural gas to countries that don't have a free-trade deal with the United States, the federal government said. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Iran sees Bulgaria as a gas bridge to Europe Bulgaria is in a geographical position to serve as a stepping stone for Iranian gas ambitions to reach Europe, the Iranian president said. ... more		Offshore Ireland yields new oil There may be as much as 1.5 billion barrels of reserves in frontier prospects off the coast of Ireland, junior explorer Europa Oil & Gas said. ... more		GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles JWST red dots reveal rapidly growing early black holes The decentralized future of space transactions		Oslo drilling company optimistic about future One of the world's largest offshore service companies, Prosafe, said Wednesday oil market momentum could support demand in the second half of the year. ... more
Mixed bag for U.S. gasoline prices, AAA says The retail price for a gallon of gasoline in the United States is the highest so far for the year, but the lowest for this date since 2009, AAA said. ... more		World panel warns of risks of oil price volatility Volatility in the world energy marketplace exposes the global economy to substantial risks moving forward, a global committee report said. ... more		Maersk Oil makes North Sea discovery About a month after starting production in the region, Maersk Oil said Tuesday, it found a new source of reserves in the Danish waters of the North Sea. ... more		Enbridge, Michigan reach settlement for 2010 oil spill A Michigan environmental regulator said Wednesday it was pleased with an Enbridge settlement that focuses on restoration work from a 2010 oil spill. ... more

	Ecuador campaign urges Brad Pitt not to make oil movie Activists have launched a campaign urging Hollywood heartthrob Brad Pitt not to make a movie based on what they call a biased account of Ecuador's battle with oil giant Chevron over environmental damage in the Amazon. ... more		North Dakota to research CCS The U.S. Energy Department and the University of North Dakota entered a two-year agreement to curb carbon emissions from fossil fuels, a state senator said. ... more

Greenland is helpful, but not vital, for US missile defense

European military mission in Greenland as US aim 'remains intact'

Amazon expands 'sovereign cloud' in Europe

Encana looks forward after lower profits		Crude oil prices holding steady		Noble grabs Texas shale in $2.1 billion deal		Murkowski wants clarity on condensates		Rig data paints mixed U.S. oil picture
Crude oil prices drift lower ahead of OPEC report		Obama approves drilling in Arctic		BG Group improving for Shell		Gazprom: Russia, Iran natural energy partners		Juvenile shale gas in Sweden

New technique shows shale-drilling additives in drinking-water

World Bank: Stop flaring gas

Rail traffic to resume through N.D. town

Crude oil markets search for traction

Dalrymple: North Dakota needs more pipelines

Marathon: Libyan uncertainty remains

Onshore rig count in Middle East rises

Gazprom eyes first deepwater well in Vietnam

Curb gas flaring, U.S. lawmakers say

Oklahoma production soars for Continental

Oil market rally loses steam

US calls off protection mission for US-flagged vessels in Gulf

New leftist Alberta leader seeks to reassure energy sector

Iraq's largest oil refinery under threat from IS: US

As Iran oil fair opens, foreign companies weigh return

Weak Iraqi oil demand hurts Norway's DNO

Rally continues for crude oil market

Two dead in Mexican oil rig accident

Crude oil train derails in North Dakota

Denmark halts fracking at Total site

Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.