Oil and Gas News

June 14, 2015

The Evolution Of The Oil Weapon
By John Manfreda of Oilprice.com
Washington DC (SPX) Jun 11, 2015 In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela, and North Korea, but the majority of energy related sanctions passed have been targeted at Iran and Russia. An estimated 68 percent of Russia's government revenue is derived from oil and gas exports, while 80 percent of Iran's revenue comes from oil exports. That present ... read more

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'Myths' persist about the increase in human-caused seismic activity Seismologists studying the recent dramatic upswing in earthquakes triggered by human activity want to clear up a few common misconceptions about the trend. There is increasing evidence that these ea ... more		UK oil firm accused of bribery in DR Congo national park British oil company Soco International paid off an army officer accused of silencing critics of exploration in Democratic Republic of Congo's Virunga National Park, an NGO alleged on Wednesday. ... more		OPEC no place for debate, Iran says Meetings between members of the Organization of Petroleum Exporting Countries are no place for debate, Iran's oil minister said. ... more
				Oil production forecast for Canada lowered While demand for Canadian oil remains strong, an industry group said the low price for crude oil forced it to cut its production estimates for 2030. ... more		Oil rallies in response to OPEC report Expectations of increased demand for oil from the Organization of Petroleum Exporting Countries sent crude oil prices higher in Wednesday trading. ... 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

London: Iraqi oil and security go hand-in-hand Good governance and sweeping national security are integral parts of the investment future in the Iraqi oil sector, the British energy minister said. ... more		Statoil sells home office to release cash Norwegian energy company Statoil said it sold its corporate offices in Stavanger and signed a 15-year lease with new owners in an effort to release capital. ... 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		Despite ambitions, BP sees Russian gas waning BP in a statistic review said Russian natural gas production declined, just as the Kremlin holds out its reserves as a component of European energy security. ... more
				AAA: Gas prices may have peaked The national average retail price for a gallon of regular unleaded gasoline in the United States is likely near its yearly peak, motor club AAA said. ... more		OPEC declared war, Texas regulator says The U.S. government needs to overturn a ban on crude oil exports as a counteroffensive to the oil war waged by OPEC, a Texas energy regulator said. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Crude oil shipper settles in Lac-Megantic rail disaster A company tied to the sale of the oil on the train that crashed in Lac-Megantic, Quebec, in 2013 said it agreed to contribute to a settlement for victims. ... more		Oil rallies on expected dip in U.S. shale An expected drop off in oil production from U.S. shale basins sent crude oil prices soaring in Tuesday trading, with WTI up more than 2 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		Russia mulls oil sales for Iran Iranian crude oil could make its way to the international market using Russian intermediaries, the Russian energy minister said. ... more
Longevity of bear oil market concerns Texas 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. ... more		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		Trace amounts of oil still on California beaches While less than half of the California beaches soiled by last month's spill are cleaned, those remaining have only trace amounts of oil, a unified command said. ... more		Tepid growth forecasts sends oil lower Crude oil prices drifted lower in early Monday trading as world leaders said from Germany more work was needed to keep the global economy moving. ... more

	Iran sees oil interest from Europe While some European companies are eager to work with Iran, the country's oil minister said there's been few commitments on oil sales. ... more		Global economic policies may hinge on oil prices Countries that depend heavily on oil for part of their government revenue may see company's investment appetite wane without fiscal reforms, analysis finds. ... more

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Rig numbers in North Dakota recover		Cyprus emerging as regional gas player		Angolan president heads to China as low oil price bites		Canada's Cenovus buys rail terminal		Slow demand pushes oil prices lower
Energy job losses mount, but sector recovering		More than 150 killed in Ghana petrol station blast, floods		U.S. losing rig count race		Oil exports a strategic move, Murkowski says		Canadian firm renews oil production after fire

The invisible key to methane hydrates

At least 90 killed in Ghana petrol station fire

No widespread danger to water from fracking: US agency

Statoil: Low-carbon ambitions not enough

Texas oil and gas outlook negative

Oil prices drift further into the red for the week

Alaska adds oil to U.S. total

Woodside, Sempra mull Texas LNG project

PHMSA: California oil pipeline corroded

Bakken gets federal crime strike force

Fire threat to oil abates in Alberta

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

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