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In the News

Obama administration moves to create first methane limits for gas drilling - The Obama administration said Wednesday it will issue the first regulations to cut down on methane emissions from new natural gas wells, aiming to curb the discharge of a potent greenhouse gas by roughly half.

UAE energy minister: No change in OPEC policy amid sliding prices - The energy minister for the United Arab Emirates said Tuesday there are no plans for OPEC to curb production to shore up falling crude prices, and instead put the onus on shale oil drillers for oversupplying the market. - PennEnergy - 1/13/15

Venezuela, Saudi leaders meet and talk oil prices in Riyadh - "Saudi Arabia has strong financial reserves to weather lower oil prices, but Venezuela's cash-strapped government is among the cartel's most vulnerable. Analysts estimate that Venezuela needs oil at $110 per barrel to continue meeting its budgetary obligations." - PennEnergy - 1/12/15

US House poised to pass oil pipeline bill as court clears way - "Nebraska's highest court tossed out a lawsuit Friday challenging the approval of the pipeline's route through that state, a decision that could change some of the dynamics in the political tug-of-war." -  PennEnergy - 1/9/15

White House says it will veto bill to approve pipeline - The White House  threatened to veto the first piece of legislation introduced in the Republican-controlled Senate, a bill approving the much-delayed Keystone XL oil pipeline, in what was expected to the first in many confrontations over energy and environmental policy. The two main sponsors, Sen. Joe Manchin, D-W.Va., and Sen. John Hoeven, R-N.D., said Tuesday morning they had enough votes to overcome a filibuster of the bill but not a presidential veto. - PennEnergy - 1/6/15

House to vote Jan. 6 on bill to approve Keystone XL project - Oil & Gas Journal - 1/6/15

Most popular petroleum stories from 2014 - PennEnergy - 12/23/14

New York will move to prohibit hydraulic fracturing - Penn Energy - 12/17/14

OPEC net oil export revenues expected to fall in 2014 and 2015 - EIA - 12/17/14

EIA forecasts $68/B average Brent price for 2015 while recognizing high price uncertainty - EIA - 12/17/14

Why oil is down by half, what it means for you - Producers complain, motorists rejoice, and economists ponder what it all means. - Penn Energy - 12/15/14

Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015 - EIA -12/12/14

US needs more data before ending crude export ban, House panel told - We lack information on lighter crudes and need to study impact of refining various world crudes. - Oil & Gas Journal - 12/11/14

US proved oil, gas reserves continue to climb - US proved reserves of oil increased by 9% and natural gas by 10% in 2013. Oil reserves increased significantly in Texas and North Dakota. Increases in Pennsylvania and West Virginia accounted for 70% of rise in natural gas reserves. - Oil & Gas Journal - 12/4/14

Moody's reports that E&P spending to dip as prices slide - Independent producers will cut capital investment by 20% in 2015. - 11/25/14- PennEnergy - Oil & Gas Journal - 12/23/14

PetroStrategies Developments

Fundamentals of Upstream Operations - class updated for 2015

PetroStrategies Editorials

January 1, 2015 - Been there, done that, got the t-shirt

January 6, 2015 - Deja Vu - This All Seems Very Familiar

January 14, 2015 - Coking Capacity, Heavy Canadian Crude Imports, and the Keystone XL Pipeline

Latest ranking of the World's Largest Oil and Gas Companies

New listing of Biggest US Oil and Gas Companies

Gas prices hold hope for upstream operators. Expect shift from oil drilling to gas drilling.

Downstream Petroleum Operations and Economics -  March 2-3, 2015 - Seattle - offered by EUCI

Check out the Oil and Gas Timeline from Timelines of History.

  Please click on the link to learn more.

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Copyright 2000 PetroStrategies, Inc. All Rights Reserved