Oil and Gas News

February 04, 2016

City of Washington, D.C., says 'no' to offshore drilling
Washington (UPI) Feb 3, 2016
Advocacy group Oceana said it welcomed Washington, D.C., to a growing list of local governments expressing opposition to drilling in the Atlantic Ocean. The city council in the nation's capital voted unanimously on a measure expressing opposition to drilling and seismic activity in the Atlantic Ocean, joining other regional metropolitan areas like Baltimore and Charleston, S.C. Claire Douglass, a campaign director for Oceana, said the White House is considering opening up Atlantic basins ... read more

Previous Issues

Feb 03

Feb 02

Feb 01

Jan 31

Jan 30

Iran ahead of the game, Moody's finds Steering the region's second-largest economy through Western sanctions means Iran is in a unique position to weather an oil sector downturn, Moody's said. ... more		Lundin suffers major losses in 2015 Swedish energy company Lundin Petroleum reported its worst quarterly results ever, though its president said the market may be approaching bottom. ... more		Oil up on U.S. jobs, production rumors Signs of a resilient U.S. labor sector and ongoing rumors about oil production deals pulled crude oil back above $30 per barrel in Wednesday trading. ... more
				Alberta goes all-in on economic diversity The provincial government of Alberta reshaped its ministerial portfolio to help usher in a new scheme for economic diversity, Premier Rachel Notley said. ... more		Oil squeezing Oklahoma's budget State agencies in Oklahoma may be facing budget cuts of at least 10 percent in part because of the pressure from lower oil prices, the governor said. ... more

Oil sharply lower on weak earnings Weak fourth quarter reports from the energy sector helped sustain downward momentum sparked by China, leading to a lower opening Tuesday for crude oil prices. ... more		Scotland offers more support for energy sector Following plans to help energy workers with new training, the Scottish government said it was offering support to protect oil and gas companies from risk. ... 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		Exxon posts profit, but not a very strong one U.S. supermajor Exxon Mobil said it still managed to post earnings during the fourth quarter, though results were lower year-on-year by more than half. ... more
				Refinery issues tug on gas prices Refinery issues may be pulling the U.S. national average price for gas higher, though low crude oil prices are keeping the average below $2, AAA said. ... more		Anadarko latest to suffer fourth quarter loss U.S. shale and offshore player Anadarko Petroleum announced plans to cut spending after posting a fourth quarter loss of $1.25 billion. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Friends of the Earth: British fracking plans undemocratic A British plan to develop an industrial-scale shale natural gas industry within a decade is an "attack on democracy," an environmental campaign group said. ... more		Iraq oil exports up but revenue plunges on low prices Iraqi oil exports rose in January compared to the previous month but revenue fell by more than $650 million due to plunging crude prices, the oil ministry said on Monday. ... more		Alien civilizations may be far rarer than hoped study suggests Mapping the Universe faster without sacrificing precision Mysterious 'red dots' in early universe may be 'black hole star' atmospheres		Oil starts February in the red As was the case with the start of January, weak economic data from China led to dramatic losses for crude oil on the first full trading day of the month. ... more
Oil prices fall on weak China data, dimming deal hopes Oil prices tumbled Monday following disappointing Chinese economic data and doubts about an imminent deal of major petroleum producers to cut output. ... more		Leviathan gas to supply Israeli market The partners controlling the Leviathan gas field off the Israeli coast announced they signed a deal for deliveries to a local electricity producer. ... more		Shell divesting from Malaysia Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there. ... more		Scotland offers aid to North Sea energy workers The Scottish government announced a new fund to help oil and gas workers find jobs in other parts of the energy sector as the market downturn lingers. ... more

	Total signs agreement with Iran French energy company Total said it signed a framework agreement to purchase crude oil from Iran during the Iranian president's trade visit to Paris. ... more		Russian Central Bank sees risk from oil The Central Bank of Russia said it was keeping its key rate unchanged, saying lower crude oil prices could lead to an accelerated rate of inflation. ... 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

Texas to share shale strategies with Mexico		Chevron posts first loss in more than 10 years		Oil smiles on Bank of Japan moves		Lundin trims spending, but output will be higher		BG shareholders still reviewing Shell merger
In Gulf Of Mexico, microbes thrive above natural oil seeps		U.S. oil exports relatively unchanged		Oil prices soar on production rumors, U.S. labor		Enbridge builds footprint in Montney shale		Canada to consider CO2 emissions in approving new pipelines

Canadian oil constricted without new pipelines

Shale-rich Oklahoma funding earthquake research

Baker Hughes posts hefty loss

Increasing oil's performance with crumpled graphene balls

Oil not moving in favor of Texas

Shell shareholders approve merger with BG Group

Bill Barrett Corp. weighing 2016 options

Scotland wants tax support for North Sea energy

Hess Corp. posts net loss of $396 million for fourth quarter

Crude oil prices fade after inventory build

Continental Resources sees output dwindling

Oil-rich Saudis tilts toward more openness

Kuwait, Iraq say OPEC will not cut output alone

Iran, Italy sign energy agreements

China starts gas production with Chevron

Aliso gas leak effort in final phase

Gas prices volatile, but remain low

Hess trims spending guidance

Crude oil recovers from Monday's loss

ExxonMobil sees lower 'carbon intensity' in 2040

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.