Oil and Gas News

June 08, 2015

Longevity of bear oil market concerns Texas
Dallas (UPI) Jun 5, 2015
One of the primary challenges looming for over the health of the Texas state economy is the low price of oil, a report from the Dallas Federal Reserve said. A research report from the bank found one of the major economic concerns for the state was the low price of oil. The price for West Texas Intermediate, the U.S. benchmark, is off more than 40 percent from June 2014 and most analysts expect the depressed cycle to continue. "While the state's economy has become more diverse and thus le ... read more

Previous Issues

Jun 06

Jun 05

Jun 04

Jun 03

Jun 02

Sudan's Bashir names new foreign, oil, defence ministers: TV Sudanese President Omar al-Bashir started forming a new government late Saturday, state television reported, more than a month after he swept elections boycotted by the mainstream opposition and marred by poor turnout. ... more		Canada's Cenovus buys rail terminal Canadian energy company Cenovus said it agreed to spend roughly $75 million to acquire a rail facility for oil transport near Edmonton, Alberta. ... more		Slow demand pushes oil prices lower Tepid global economic growth expectations from the Organization of Petroleum Exporting Countries sent crude oil prices drifting lower in early Friday trading. ... more
				Energy job losses mount, but sector recovering The number of people seeking unemployment assistance in May in the U.S. extractive industries was up by nearly 5 percentage points year-on-year, federal data show. ... more		More than 150 killed in Ghana petrol station blast, floods More than 150 people have died in a devastating petrol station blast during heavy flooding in Ghana's capital, prompting the nation's leader to call three days of national mourning over the "catastrophic" loss of life. ... more

The World's Largest Commercial Drone Conference and Expo - Sept 9 - Las Vegas

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

Nuclear Decommissioning And Used Fuel Market 2015

U.S. losing rig count race The number of rigs in service in the United States declined more for the week ending May 29 than all of North America combined, Baker Hughes said Friday. ... more		Oil exports a strategic move, Murkowski says U.S. Sen. Lisa Murkowski again pressed for an end to a 1970s ban on crude oil exports, arguing the United States can prove its mettle with its oil reserves. ... 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		Canadian firm renews oil production after fire A Canadian oil firm said Saturday it would relaunch production at oil sands mines after widespread forest fires forced them to shut down. ... more
				The invisible key to methane hydrates Like the carbon dioxide in a fizzing glass of soda, most bubbles of gas in a liquid don't last long. But nanobubbles persist. These bubbles are thousands of times smaller than the tip of a pencil le ... more		At least 90 killed in Ghana petrol station fire At least 90 people were killed in a fire at a petrol station in Ghana's capital, Accra, as they sought shelter from heavy rains that caused widespread flooding, emergency services said Thursday. ... more

Army Network Modernization 2015 - Washington DC June 23-25

No widespread danger to water from fracking: US agency The controversial oil and gas extraction technique known as fracking poses no widespread danger to US drinking water, the US environmental agency said Thursday in a long-awaited assessment. ... more		Statoil: Low-carbon ambitions not enough It's incumbent on the oil and gas industry to join the effort to cut emissions as the business-as-usual model is destined to fail, Norwegian major Statoil said. ... 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		Texas oil and gas outlook negative The outlook in the Texas oil and gas sector remains negative as most companies expect low capital spending in 2016, the Dallas Federal Reserve said. ... more
Oil prices drift further into the red for the week Crude oil prices drifted further into negative territory Thursday amid continued signs of sluggish sector and general economic growth. ... more		Alaska adds oil to U.S. total Alaska accounted for all of the growth in U.S. oil production from the week ending May 29, data released from the Energy Department show. ... more		Woodside, Sempra mull Texas LNG project Australian energy company Woodside said Thursday it was in preliminary discussions to explore options for liquefied natural gas development in Texas. ... more		PHMSA: California oil pipeline corroded Federal regulators examining last month's oil spill off the California coast said the pipeline in question showed signs of extensive corrosion. ... more

	Bakken gets federal crime strike force State and federal authorities announced the creation of a "strike force" aimed at addressing organized crime in and around the Bakken oil field. ... more		Fire threat to oil abates in Alberta Staff members are returning to Alberta oil installations after emergency service officials cleared the area of major wildfire threats, Cenovus Energy said. ... more

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

French company grabs Russian LNG		Iran says end of sanctions could lift oil output by 1.0 mn bpd		Former PHMSA chief questions need for Keystone XL		Report: LNG could challenge oil as transport fuel		Crude oil prices tumbling
Canadian oil exports by rail fall		Back off, Alaskan energy group tells Shell activists		IHS: Arab defense spending influenced little by oil		Pioneer sells Texas shale operations for $2.15 billion		AAA expects a summer for road trips

Oil up on positive demand sentiment

Alaska LNG gets export nod

New low rig count in North Dakota

Oklahoma next to ban drilling bans

U.S. sectors spar over crude oil exports

Saudi Aramco revisits rig contracts

Animals dead as a result of California oil spill

Oil animals collected from California beaches

Crude oil markets up slightly Friday

Oil starts June on a down note

Arctic drilling 'will happen,' Alaska's governor says

New pollution alert closes California beaches

U.S. labor numbers drag on oil

Texas oil production falls

Frac sand industry booming

EPA issues clean-up order for California oil spill

Chevron shareholders vote for political spending

Alberta fires threaten oil installations

Wildfires force third Canada bitumen mine to close

Oil markets hold fire ahead of data release

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.