Oil and Gas News

January 08, 2016

Oil short-circuits on Chinese circuit breaker
New York (UPI) Jan 7, 2016
A second emergency halt to trading on the Chinese stock market in less than a week sent crude oil prices tumbling further in early Thursday trading. Trading on major Chinese markets was halted within the first 30 minutes after an emergency "circuit breaker" was triggered when shares fell 7 percent at the open. It's the second time this week trading was closed early because of steep declines in net share value and Thursday marked the shortest trading day ever in Chinese capital market history. / ... read more

Previous Issues

Jan 07

Jan 06

Jan 05

Jan 04

Jan 03

Oil prices bruising Norway's energy sector Norwegian geoservices company TGS said the weakened crude oil market has taken its toll as fourth quarter revenues fall more than 50 percent from last year. ... more		Ukraine challenges Russian gas project Ukrainian energy company Naftogaz said it filed an official complaint in Europe, arguing Russian gas pipeline expansion plans would limit competition. ... more		TransCanada to sue US for $15 bn over pipeline rejection TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the firm said on Wednesday. ... more
				GasBuddy: Another year of low gas prices The average price for a gallon of gasoline in the United States is expected to drop in 2016 for the fourth straight year of declines, a market forecast finds. ... more		TransCanada to sue over KXL decision TransCanada said it filed legal action against the United States for the rejection of the Keystone XL oil pipeline, arguing it was protecting its investments. ... more

TransCanada to sue US for $15 bn over Keystone XL pipeline rejection TransCanada said Wednesday it will sue the US government for US$15 billion for blocking its project for an oil pipeline linking Canada with the Gulf of Mexico. ... more		Oil takes it on the chin with heavy losses Crude oil prices suffered heavy losses in early Wednesday trading as macroeconomic concerns continued to trump worries over Middle East tensions. ... 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		Kurds make payments for oil exports Energy companies working in the Kurdish north of Iraq said they've received payments from the regional government for crude oil exports. ... more
				Market fundamentals driving oil for now, analysis finds The glut of oil on the global market is diminishing the prospects that tensions between Iran and Saudi Arabia will cause a spike in oil prices, analysis finds. ... more		Shale-rich Oklahoma facing budget crisis While emerging as a shale leader in the United States, the governor of Oklahoma said the state is facing 2016 with a major gap in its budget. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Faroe Petroleum ups reserve estimate Riding on the potential of its Norwegian assets, mid-sized energy company Faroe Petroleum said its reserve holdings for 2015 nearly doubled. ... more		U.S. shale player Pioneer expects higher output U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market. ... 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		Appetite for mergers in energy sector drying up Despite some planned mega-mergers, market uncertainty meant few companies were willing to join forces in last year's weakened energy economy, analysis finds. ... more
U.S. oil storage at record high The amount of crude oil held at the main U.S. storage hub in Cushing, Okla., set a record to start off 2016, market analysis from Genscape finds. ... more		Putin reviews environmental agenda Weeks after a breakthrough U.N. agreement on climate issues, Russian President Vladimir Putin said next year would be the year of the environment in Russia. ... more		Statoil awards $1.2 billion in offshore contracts Norwegian energy company Statoil said it awarded contracts worth an estimated $1.2 billion for work on the country's continental shelf. ... more		Oklahoma proposes oil restrictions after quakes A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes. ... more

	Suncor takes turn in shareholder push In a persuasion tit-for-tat, Suncor called on shareholders at Canadian Oil Sands Ltd. to agree to their bid before it expires Friday in order to protect value. ... more		Gas prices stay below $2 per gallon An abundant supply of crude oil means U.S. motorists could continue to enjoy the economic benefits of lower retail gasoline prices, market analysis find. ... 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

Oil prices turn lower as attention turns to China		Statoil to review CCS potential offshore Norway		Woodside finds gas offshore Myanmar		Cairn finds oil off the coast of Senegal		Oil-rich Saudi Arabia facing rough year
British energy sector facing risks		Iran tensions pull crude oil prices higher		Canadian Oil Sands declares independence		French jets strike IS oil sites in Syria: minister		Study assessed impacts of Deepwater Horizon oil spill on sea turtles

Ten Trillion Dollars Needed To Avoid Massive Oil Price Spike: OPEC

Canadian Oil Sands defends value against bid

Brazil defends treasures of its 'Blue Amazon'

Oil production costs low, Iran says

Oil, gas wages for Colorado strong

Oil prices deflate as year winds down

No limit to output, Saudi Arabia says

New North Sea oil production begins

Texas manufacturing offsetting oil sector weakness

Siberian oil output to be supported by tax overhaul

Oil recovers from Monday's downfall

U.S. gas prices inflated by refinery issues

Tests slated for giant Kashagan oil field

Winter storms sock U.S. oil states

Iran vows to win back oil market share

Russia blames Saudis for low oil prices

North Dakota rig count hits new low

Oil prices take nosedive

Saudi oil revenue down 23 percent

Transocean loses another rig contract early

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.