Oil and Gas News

December 08, 2015

OPEC hangover sends oil sharply lower
New York (UPI) Dec 7, 2015
The impacts of last week's fractured OPEC meeting in Vienna spilled over into Monday trading as crude oil prices started the day down more than 2 percent. Ministers of the Organization of Petroleum Exporting Countries left Vienna last week with few concrete terms governing individual member production. The global economy improves modestly next year, though lower crude oil prices mean some producers outside the 13-member group are constrained, OPEC said. "In view of the aforementioned, an ... read more

Previous Issues

Dec 07

Dec 06

Dec 04

Dec 03

Dec 02

Rig counts down 16 percent year-on-year Globally, the number of rigs deployed for oil and gas exploration is down 16 percent from last November, oil services company Baker Hughes reported. ... more		Transocean lands offshore Canadian rig deal Rig services company Transocean said it reached a deal with Husky Oil Operations Ltd. for activity off the coast of Canada for about $200 million. ... more		North Dakota rig counts hold steady Despite a net drift lower in U.S. oil basins, North Dakota's rig count remained unchanged, but near a historical low, compared with last week. ... more
				Afghanistan gets energy security grants With energy demand growing nearly twice as fast as its economy, the Asian Development Bank said it was distributing grants to address Afghan energy security. ... more		Russian sanctions on Turkey cut both ways, European bank finds Sanctions imposed by Moscow will have minor impacts on the Turkish economy, though there may be energy-related backlash for Russia, a European report finds. ... more

Struggle looms as Venezuela opposition vows to fix crisis Venezuela's jubilant opposition vowed Monday to drag the oil-rich country out of its economic crisis and free political prisoners after it broke the socialist government's 16-year grip on congress. ... more		IS earns $80 mn a month but starting to struggle: analysis The Islamic State group is pulling in some $80 million a month, mainly from levies and confiscations, but is struggling financially as strikes hit its oil infrastructure, analysis firm IHS said Monday. ... more		Fossil fuels harm health from 'cradle to grave': report Trash, mulch and security: All jobs for troops in Washington Rising oceans to threaten 1.5 million Australians by 2050: report		Putin expresses condolences for Azerbaijani oil rig accident Russian President Vladimir Putin expressed condolences to his Azerbaijani counterpart following a fatal accident at an oil platform in the Caspian Sea. ... more
				Parts of Texas economy slowing, but beating out nation Parts of the oil-rich economy in Texas are showing signs of slowing down, but still outperforming the rest of the nation, the Dallas Federal Reserve said. ... more		Russia mulls economy beyond oil Russia needs to explore export revenue from products outside the energy sector as the economy braces for a long period of low oil prices, a minister said. ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Turkey seeks alternatives to Russian energy after plane crisis Turkey on Saturday said it was seeking alternatives to Russian energy as relations with Moscow plunge over the downing of a warplane, with President Recep Tayyip Erdogan vowing his country will "not collapse" under sanctions. ... more		Once again 'no,' Canadian Oil Sands tells rival Canadian Oil Sands Ltd., in the latest in a bitter dispute, urged shareholders to take no action on a revised takeover bid from rival Suncor Energy. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy The latest gaming tech to look forward to in 2025		Researchers develop super-absorbent material to soak up oil spills In hopes of limiting the disastrous environmental effects of massive oil spills, materials scientists from Drexel University and Deakin University, in Australia, have teamed up to manufacture and te ... more
Crude oil prices hammered on OPEC policy Crude oil prices moved sharply lower at the start of trading on word members of OPEC would not cut overall production despite the weak oil economy. ... more		House passes symbolic gesture for oil exports A U.S. House leader said a bill passed in favor of oil exports rejects a global landscape favoring North America, but support wasn't enough to override a veto. ... more		Shell, BG merger cleared by Australian regulator Royal Dutch Shell announced it cleared a regulatory hurdle for the planned combination with BG Group from an Australian financial regulator. ... more		Russia says talks suspended with Turkey on TurkStream pipeline Russia and Turkey, at loggerheads since Ankara shot down a Russian warplane last week, have suspended talks on their joint TurkStream project to pipe gas to Turkey and southern Europe, Russia's energy minister said Thursday. ... more

	Columbia stands by team researching Exxon's climate record The dean at the journalism school at Columbia University defended the integrity of reporters investigating what Exxon Mobil scientists knew about climate change. ... more		Statoil eyes new Barents Sea acreage Norwegian energy company Statoil said it expressed reserved exploration interests in a Barents Sea area covered in a bilateral agreement with Russia. ... more

U.S. defense in free fall

U.S. and Saudis conduct Middle East's largest counter-drone exercise

Saudi Arabia and Pakistan sign mutual defense pact

Russia accuses Turkey's Erdogan over IS oil trade		DNO receives Kurdish oil payments		Oil suffers heavy losses ahead of OPEC meeting		Manslaughter charges dropped in BP Deepwater Horizon oil spill		Kurdish oil player upbeat on future prospects
Russian pipeline through Turkey on hold		Gazprom reviews gas line to Europe in midst of Russian, Turkish tensions		Oil rallies in wild, volatile week		Canadian Oil Sands touts resilience		Statoil dumps stake in European gas pipeline

Shedding light on oil behaviors before the next spill

Iraqi Kurds made $3.29 bn from direct oil sales

Texas to see massive layoffs as 250.000 oil jobs lost already

Gas prices down for 25 straight days

Eni tapping into offshore Mexico

Crude oil ticks lower on tepid growth

Canadian Oil Sands declares win in takeover spat

North Dakota rig count flirts with historic low

Putin accuses Turkey over IS oil as pilot's body returns to Russia

Swiss oil trader Vitol may supply Libya with fuel

China jails 14 over 2013 pipeline blast

Oil prices end November on a high note

New oil production started in North Sea

India taking energy demand lead

Emirati energy company claims Kurdish win

Researchers find new, inexpensive way to clean water from oil sands production

Oil countries only slowly warming to climate challenge

PetroChina sells pipeline stake amid reforms push

Newtec expands Astra Connect broadband service for Africa's Oil and Gas Sector

Ukraine says it will buy more Russian gas when needed

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - 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.