Oil & Gas Industry News
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Indonesia Expects 60% Increase in Gas Demand Over Next 5 Years.
Indonesia will need an additional 1,300 million standard cubic feet per day of gas supplies within 5 years, to meet forecast demand, an energy ministry official says. Energy update.
Oil Up As Netanyahu Blasts Iran In Speech; Libyan Forces Fight.
Oil rebounds as Israeli PM Netanyahu warns the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces target oil terminals in the African nation. Energy update.
Brazil Plans New Oil-Rights Auction In The Second Half.
Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga says. Energy update.
Clock Ticks Toward North Dakota Reaping Up To $5.3B Oil Tax Break.
The clock is still ticking on a potential $5.3B, 2-year tax break for North Dakota's oil industry after a state-calculated average of February's crude price fell below $52.59 per barrel last month. Energy update.
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