Oil and Gas News

September 05, 2014

Statoil moving rig after disappointment in Gulf of Mexico
Houston (UPI) Sep 4, 2014
Norwegian energy company Statoil said it would reposition a rig in the Gulf of Mexico after coming up dry in the deep water Martin prospect. Statoil said it completed operations at the Martin well, coming up only with a small discovery the company said had no commercial prospects. Once abandonment operations are completed, the company said it would reposition the Maersk Developer drilling rig to the Persues project in the Gulf of Mexico. Statoil says it's one of the largest lease holders ... read more

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Rosneft may shed a quarter of its staff next month Russian media reported Thursday state-owned oil company Rosneft could shed as much as 25 percent of its staff as early as next month. ... more		Company sees production growing across the board Marathon Oil Corp. said it was focusing its strategies on U.S. shale basins after achieving a 20 percent increase in reserves since the end of 2013. ... more		Hoeven calls for more FBI, DEA in Bakken reserve area Federal law enforcement agents need to be positioned in the heart of the North Dakota oil patch to address rising crime rates, Sen. John Hoeven said. ... more
				Jordan agrees to import gas from Israel's Leviathan field An Israeli company operating the offshore Leviathan natural gas field revealed it signed a letter of intent to send natural gas from the project to Jordan. ... more		BP ruled grossly negligent in 2010 oil spill BP potentially faces billions of dollars in new fines after a New Orleans judge concluded it acted with "gross negligence" ahead of the massive 2010 Gulf of Mexico oil spill. ... more

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Christie sees 'long-term' foreign policy benefits from LNG Unlocking U.S. energy potential by facilitating exports would increase leverage in the foreign policy arena, New Jersey Gov. Chris Christie said. ... more		Sabotage at Yemeni oil facilities hurts economy, IMF says Militant attacks on oil facilities in Yemen are hurting the country's ability to build a strong economic base, the International Monetary Fund said. ... more		NASA ISRO radar satellite beams first Earth images from space Morocco High Atlas whistle language strives for survival China warns Papua New Guinea over Australian defence deal		Shell says it's extended 'sweet spot' of Utica shale Shell announced Wednesday it made natural gas discoveries at two wells in the Utica shale reserve area in Pennsylvania. ... more
				Statoil shutting down Huldra platform in North Sea Norwegian energy company Statoil said its Huldra platform, its first gravity-based system in the North Sea, is shutting down six years later than planned. ... more		Oryx Petroleum sees improvements in Kurdish security Canadian energy company Oryx Petroleum said "tangible improvements" in the Kurdish north of Iraq mean it can return to work at the Hawler license area. ... more

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Halliburton shielded from some claims in spill settlement Oil services company Halliburton said it's shielded from some claims made in response to the Gulf of Mexico oil spill in 2010 as part of a settlement deal. ... more		Oettinger: Trilateral gas talks possible mid-September Natural gas talks between the European Union, Russia and Ukraine may be possible mid-September if the right conditions are in place, Europe's energy boss said. ... more		Collision of equal sized bodies may explain Mercurys unique composition Gravitino emerges as contender in dark matter search Molecular 'fossils' offer microscopic clues to the origins of life - but they take care to interpret		Baker Hughes, Weatherford close on pipeline business deal Oil services company Baker Hughes said it completed the acquisition of the pipeline business from rival Weatherford International. ... more
Shell: 'Persuasive argument' for U.S. oil and gas exports Exporting oil and natural gas from the United States should help ensure a more stable global energy sector, the head of Royal Dutch Shell said from New York. ... more		AAA says gas prices cheapest since 2010 The national average price for a gallon of regular unleaded gasoline in the United States is the lowest it's been in more than four years, motor club AAA said. ... more		Statoil announces full return to In Amenas in Algeria Norwegian energy company Statoil said it was ready to return to work in Algeria more than a year after terrorists stormed a gas facility there. ... more		Statoil moving Transocean rig to new arctic drill site Norwegian energy company Statoil needs to wait to start drilling for oil in the Barents Sea in order to vet appeals, a state energy regulator said. ... more

	Putin: Power of Siberia plants Russian seed in China Starting construction on a natural gas pipeline to China gives Russia the chance to plant its economic flag in the regional economy, Russia's president said. ... more		Oil leak contaminates long stretch of Mexican river: official An oil spill has spread more than 50 kilometers (30 miles) along a river in the Mexican state of Veracruz despite assurances by the state oil monopoly that the leak has been repaired, local officials said Tuesday. ... more

EU states to hold talks on 'drone wall' to protect bloc

Denmark military intel fails to identify source of drone flights

Lithuania eases rules on shooting down drones

Libyan oil production increasing despite turmoil		U.S. not an open market for Kurdish oil, Baghdad says		Halliburton pays $1.1 bn for Gulf of Mexico BP spill		Gazprom Neft starts delivery of new Iraqi crude oil		BG Group overhauls offshore gas system in Egypt
Oil prices down after weak China, Europe data		BP, SOCAR to build Azeri workforce		Russia breaks ground on new gas pipeline to China		Fire at BP refinery could cause regional gas woes		Oil prices down after weak China, Europe data

Oil dips amid US holiday, China data

Shell files new plan to drill in Arctic

Russia to accept foreign currencies for oil payments

Russia offers energy assurances to Europe

Benteck says gas demand could drive prices higher

Exxon agrees to $1.4 million oil spill settlement

Wintershall pegs energy future to offshore Norway

Marcellus shale drawing major investments

Texas ruling on oil boost of confidence, Kurds say

Jihadists burn 3 Iraq oil wells as Kurds launch attack

Texas regulator assessing fracking as an earthquake trigger

ONEOK starts operation at N.D. gas processing plant

Nanoparticle research could enhance oil recovery, tracing of fracking fluid

Kinder Morgan moves out of anti-trust scrutiny

Shell posts gas find in deep Malaysia waters

Mexican energy reforms to yield production growth

Global security issues spare oil, AAA says

Wood Mackenzie sees good things in Norway

Iran says sanctions hurt South Pars gas developments

IEA boss says U.S. LNG won't change European landscape

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