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Oil News and Gas News
July 03, 2015
OIL AND GAS
Momentum builds behind giant Norwegian oil field
Oslo, Norway (UPI) Jul 2, 2015
Delineating which company holds what percentage of the interest in Norway's giant Johan Sverdrup field boosts development potential, executives said. Partners to Johan Sverdrup, the fifth largest oil field ever discovered on the Norwegian continental shelf, asked the government to determine the final share allocation when they submitted formal development plans in February. Maersk Oil, which takes the lowest stake at 8.4 percent, said the determination is a watershed moment for the offsh ... read more
Previous Issues Jul 02 Jul 01 Jun 30 Jun 29 Jun 28
OIL AND GAS

Oil prices rebound after dismal week
Crude oil prices recovered some of the ground lost in recent sessions on the back of steady U.S. labor figures and assessments over Iranian nuclear talks. ... more
OIL AND GAS

BP to pay record $18.7 bn over Gulf of Mexico oil spill
British energy giant BP said Thursday it had agreed to pay a record $18.7 billion to compensate the US government and five states for damages stemming from the deadly 2010 Gulf of Mexico oil spill. ... more
OIL AND GAS

U.S. proposes tighter pipeline spill rules
A proposal requiring pipeline operators to report spills within an hour of their discovery will help mitigate damage, the U.S. transportation secretary said. ... more
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OIL AND GAS

Russian, Ukrainian gas talks collapse
European leaders said they'd get to work on proposing new strategies after natural gas talks between Russian and Ukraine collapsed in Vienna. ... more


OIL AND GAS

Shell to tap new Gulf of Mexico oil
Royal Dutch Shell said Wednesday it made a final investment decision to open up new oil developments in the deep waters of the U.S. Gulf of Mexico. ... more
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OIL AND GAS

Norway: New reserves found in North Sea
The Norwegian government confirmed Wednesday oil and gas reserves were discovered in a North Sea area not known previously to contain hydrocarbons. ... more
OIL AND GAS

CCNY researchers develop eco-friendly oil spill solution
City College of New York researchers led by chemist George John have developed an eco-friendly biodegradable green "herding" agent that can be used to clean up light crude oil spills on water. ... more
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OIL AND GAS

Argonne analysis shows increased carbon intensity from Canadian oil sands
The U.S. Department of Energy's Argonne National Laboratory this week released a study that shows gasoline and diesel refined from Canadian oil sands have a higher carbon impact than fuels derived f ... more
OIL AND GAS

Greek default leaves bruise on oil markets
The Greek default on debt to the International Monetary Fund in a market mindful of the causes of the global financial crisis sent oil prices lower Wednesday. ... more
OIL AND GAS

Canada awards license for LNG exports to Asia
A Canadian energy regulator said it approved an export license that allows Quicksilver Resources to send liquefied natural gas to Pacific Rim markets in Asia. ... more
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OIL AND GAS

BP engineer to get new Macondo trial
An appeals court in Louisiana said it granted a new trial for a former BP engineer, Kurt Mix, on grounds of jury exposure to external evidence. ... more
OIL AND GAS

China starts work on Russian gas pipeline
Construction on the Chinese side of a natural gas pipeline linking to Russia began in western Heilongjiang province, a Chinese energy company said Tuesday. ... more
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OIL AND GAS

July 4th gas to be cheapest since at least 2010
Though seasonally high, U.S. holiday goers are expected to pay the lowest price for gas during the July 4th weekend in at least five years, motor club AAA said. ... more
OIL AND GAS

German government postpones parliamentary vote on fracking
The German government said Tuesday it has decided to postpone until after the summer break a parliamentary vote on a draft law on the controversial technology of "fracking" in Germany. ... more
OIL AND GAS

Vitol buys into Nigeria downstream sector
Dutch oil trader Vitol said Tuesday it spent around $27 million to take on a majority stake in the refining business held by Nigerian energy company Oando. ... more
OIL AND GAS

Samsung gets major Johan Sverdrup contract
A day after the first steel was cut for the platform, Statoil said it awarded Samsung with an $886 million contract for Johan Sverdrup field development. ... more
OIL AND GAS

Eni reaches LNG deal in Indonesia
Italian energy company Eni said Tuesday it signed what it said was a groundbreaking deal to sell liquefied natural gas from a deepwater Indonesian field. ... more
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OIL AND GAS

SCOTUS says no to Gulf of Mexico spill appeals
The Supreme Court refused to hear two separate cases filed by BP and Anadarko Petroleum challenging fines related to the 2010 oil spill in the Gulf of Mexico. ... more
OIL AND GAS

North Dakota refinery completed
The completion of a new refinery in North Dakota will help bring jobs to the state while ensuring U.S. energy security, Gov. Jack Dalrymple said. ... more
Military Space News, Nuclear Weapons, Missile Defense
Iran nuclear talks set to drag into weekend -- and beyond

Beijing's South China Sea runway 'nearly complete': US think-tank

Russia to loan Armenia $200 million for arms: Yerevan

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Europe teams up for next-gen mission control software

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OIL AND GAS

Optimism wins; crude oil recovers

OIL AND GAS

Gazprom: New lines for Nord Stream by 2019

OIL AND GAS

US Supreme Court rejects BP appeal in Gulf oil spill

OIL AND GAS

Canadian oil producers back lower emissions

OIL AND GAS

Activists deploy against Shell's arctic plans

OIL AND GAS

Texas oil production holding steady

OIL AND GAS

North Dakota rig data suggests stability

OIL AND GAS

Gulf Keystone reaches Kurdish oil sales deal

OIL AND GAS

Eni strengthens grip in Kazakhstan

OIL AND GAS

Gas flowing from Moroccan shale

Blow to British fracking as drilling plans rejected

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California beach to reopen after May oil spill

Lower 48 drive U.S. oil production gains

Oil prices in slow-drip decline

Scotland expects North Sea production gains

Shell brass in Tehran to discuss sanctions

British shale gas decision deferred

Statoil changes operating model

Russia was China's top oil supplier in May: report

TransCanada announces staff cuts

IHS examines next big deal in U.S. shale

Norway's oil and gas production up

Oil prices dip modestly on U.S. GDP figures

Alaska Sen. Lisa Murkowski ties Iran to U.S. oil export debate

Shell holds Tehran talks over potential investment

Canada files charges for Lac-Megantic disaster

Gas prices start edging lower

Plains reveals California spill migration

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