Oil and Gas News

July 16, 2015

LNG deliveries mulled for Ukrainian market
Houston (UPI) Jul 15, 2015
A Texas-based company, led in part by a former Conoco Phillips veteran, said it was reviewing the prospects of shipping liquefied natural gas to Ukraine. Frontera Resources Corp. said it signed a memorandum of understanding with Ukraine's state-run energy company Naftogaz to work in the upstream, or exploration and production, sector in Ukraine as well as study the potential to deliver liquefied natural gas from its work in Caucasus country Georgia. "I strongly believe that our closer wo ... read more

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Oil sinks on outlook for more Iran crude exports Oil prices sank Wednesday as traders priced in the impact on global oversupply from Iran's historic nuclear deal with major powers. ... more		Iraq says no alarm at prospect of hiked Iran oil exports Iraq can offset the impact of the Iran nuclear deal on oil prices and competition for export markets with higher production and improved regional trade, the oil ministry said Wednesday. ... more		Wait and see on Iran, oil voices say A U.S. refinery group said it's too soon to discuss doing business in the Iranian oil sector, though opposing voices said it was a threat to domestic producers. ... more
				Tehran nuclear deal revives hope for Pakistan-Iran gas pipeline: minister Islamabad is hopeful of reviving a stalled gas pipeline project connecting Iran to energy-starved Pakistan, a minister told AFP Wednesday following the signing of a historic nuclear deal between Tehran and world powers. ... more		Oil markets retract in Greek anticipation Crude oil prices retreated in Wednesday trading after a downbeat report from the International Monetary Fund on Greece and clamoring over Iran's oil potential. ... more

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Michigan calls for tar sands ban A pipeline report from Michigan calls for a ban on the transportation of heavier crude oil grades through pipelines running through the Straits of Mackinac. ... more		BHP Billiton takes hit on U.S. shale but soldiers on Australian energy giant BHP Billiton said it expects to take a $2 billion hit on Texas shale, but held out hope for its onshore U.S. operational strategy. ... 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		ADB: LNG short-term boost to Pacific economies The Asian Development Bank said Wednesday natural gas exports from Papua New Guinea are helping to boost short-term overall growth for Pacific economies. ... more
				We are engaged, Shell says after Iranian deal With a nuclear deal in hand, Royal Dutch Shell said Tuesday it's exploring the "immediate and long-term" implication of an opening Iranian oil door. ... more		OPEC, Get Ready For The Second US Oil Boom What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred t ... more

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Plains taking extra caution with St. Louis oil spill Plains All American Pipeline said it deployed more containment mechanisms near a water treatment plant north of St. Louis following last week's oil spill. ... more		AAA: California skewing national gas price average While California gas prices have prompted official state action, motor club AAA said drivers in most states are seeing relative stability at the pump. ... 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		Oil prices finish higher after Iran deal Oil prices rose Tuesday as markets weighed the effects of Iran's deal with six world powers on curbing the Islamic republic's suspected ambitions for a nuclear bomb. ... more
Hercules Offshore solicits votes on reorganization U.S. rig company Hercules Offshore said Tuesday it started a solicitation of votes from shareholders for a prepackaged plan for reorganization. ... more		Aussie companies early victors in Mexican oil auction Australian media reports Tuesday energy companies there are among the early victors in the first round of auctions for exploration permits offshore Mexico. ... more		Saudi oil production at new high With oil demand from the Middle East expected to surge, Saudi Arabia reported to OPEC its crude oil production was at its highest levels in more than 30 years. ... more		Former BP boss takes helm at Kurdish oil player Former BP boss, Tony Hayward, was appointed Monday as the chairman of Genel Energy, one of the largest oil players in the Kurdish north of Iraq. ... more

	Oil prices tank on word of no "Grexit" Major crude oil indices started trading Monday off more than 1 percent after a last-minute save for Greece and emerging prospects for an Iranian nuclear deal. ... more		North Dakota oil production up despite fewer rigs The number of rigs actively exploring for or producing oil and gas in North Dakota declined nearly 4 percent from last week, state data show. ... more

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Two dead in Brazilian accident tied to Petrobras

Barnett shale research raises new concerns about methane emissions

Gas prices could go up, AAA says

Survey: OPEC keeps plugging away

Oil prices mixed amid uncertainty over Greece, China

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