Oil and Gas News

June 23, 2015

Tullow settles Ugandan tax dispute
London (UPI) Jun 22, 2015
Settling a long-running tax dispute with the Ugandan government is a positive development for the nation's energy sector, Tullow Oil announced Monday. Tullow said it agreed to pay $250 million in a final out-of-court settlement with the government of Uganda. The Ugandan government ordered the company to pay $437 million in capital gains tax following the 2012 sales of oil field licenses to French energy company Total and the China National Offshore Oil Corp. Tullow appealed the charges, ... read more

Previous Issues

Jun 22

Jun 20

Jun 19

Jun 18

Jun 17

Oil markets stable, Russian minister says From the Russian perspective, the situation in the global crude oil market is starting to stabilize, the minister of economic development said. ... more		Oil prices remain below June 1 level Oil prices started the last full trading week in June in stable territory as the Greek debt crisis continues, but prices are still below June 1 levels. ... more		North Dakota upstream holding steady One week after the state governor touted economic diversity, data from North Dakota show stability in the exploration and production side of the energy sector. ... more
				Lundin reshuffles executive lineup Swedish energy company Lundin Petroleum said Monday it would appoint new talent to lead the company as it charts a long term strategy for growth. ... more		More than 87 miles of oiled Calif. beaches cleared A unified command responding to the May oil spill off the California coast said more than 90 percent of the contaminated shorelines have met cleanup goals. ... 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

US mid-continent seismicity linked to high-rate injection wells A dramatic increase in the rate of earthquakes in the central and eastern U.S. since 2009 is associated with fluid injection wells used in oil and gas development, says a new study by the University ... more		Five new calcium carbides: Unique reducers and new hydrocarbon synthesis methods A team led by MIPT Professor Artem Oganov has used computer simulation to predict the existence of five completely new compounds of carbon and calcium with varied chemical and physical properties, o ... more		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		PBF expands Gulf of Mexico refinery footprint Independent refiner PBF Energy said it will spend more than $300 million to acquire a Louisiana oil refinery from Exxon and its Venezuelan affiliates. ... more
				Oil prices drift lower on U.S. output statements Concerns about the trajectory of crude oil prices trumped reports of increased demand in the United States, sparking a retraction in early Friday trading. ... more		Wintershall unloads offshore Norwegian assets German energy company Wintershall said it was working to streamline its capital structure by selling off a handful of assets on the Norwegian continental shelf. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Russian gas giant Gazprom extends reach Russian energy company Gazprom during an investment forum in St. Petersburg has moved to strengthen its global hand with a new deck of proposals. ... more		Busting The "Canadian Bakken" Myth The financial pages of Canadian newspapers have been full of Busting The "Canadian Bakken" Myths lately announcing the potential of two large shale oil fields in the Northwest Territories said to co ... more		DAMPE space telescope finds universal spectral feature that narrows field on cosmic ray origins ThinKom Develops Self-Funded Mobile HPM Weapon to Counter Drone Swarms Planet and Carbon Mapper Plan SWIR-Only Tanager Satellite for Wider Methane Detection		The Dark Side Of The Shale Bust By Nick Cunningham of Oilprice.com The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has explode ... more
U.S. shale oil in slow decline While oil production from key shale formations in the United States is in decline, the drop isn't as severe as expected given low rig counts, analysis finds. ... more		Rig company Hercules stumbles U.S. rig company Hercules Offshore said it reached a restructuring agreement that could lead to a reorganization plan or bankruptcy filing in the coming weeks. ... more		Crude oil prices try again to rally Crude oil prices rallied modestly in early Thursday trading after the U.S. Labor Department said the unemployment situation continued to improve. ... more		OMV, Gazprom mull pipeline expansions Adding two new lines to the twin Nord Stream natural gas pipeline sending Russian gas to the European market is under consideration, Austrian company OMV said. ... more

	Total U.S. crude oil imports up Total U.S. crude oil imports for the week ending June 12 spiked more than 6 percent, with Middle East producers contributing to the rise, federal data show. ... more		IHS: Russian defense cut on low energy revenue Financial pressures that resulted from lower revenues from the energy sector has forced the Russian government to cut back on defense spending, analysis finds. ... more

Sidekick autonomy software guides YFQ-42A test mission for CCA program

Infleqtion lists shares on NYSE as neutral atom quantum firm

Top Chinese gaming companies continue to challenge

U.S. House mulls arctic drilling		Rouhani: Iran isolated from weak oil market		Oil moving out of threat from Bill		Spill cleanup crews decline in California		Oil prices rally on Greek crisis and demand
North Dakota touts diversity as rig count declines		China using indigenous Beidou system to detect gas leaks		Statoil closer to Johan Sverdrup development		New research initiative at Stanford to comprehensively study the use of natural gas		Activists arrested in Shell protest

Reactivating fault slip with fluid injection

Energy job losses mount for Canada

U.S. gasoline prices take unexpected rise

The 'Uncatchable' one-eyed jihadi Belmokhtar

China lends $300mn to build strategic road in Kyrgyzstan

PNG LNG delivers 100th cargo

Energy investments in Norway to flatten out

Algeria gas plant jihadist Belmokhtar 'killed in US strike'

Canada's LNG ambitions get support

Iran sees balanced oil markets

BP stands pat despite Gulf weather threats

The Evolution Of The Oil Weapon

British fracking campaign takes early step

Appeals court backs Shell's Alaska campaign

Total U.S. oil production increases

Hess brings partners to Bakken infrastructure

Oil prices fizzle on so-so economic data

Survey: Mid-life crisis for North Sea oil sector

Iran learning to cope with low oil sales

Spending planned in Colorado shale

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.