Oil and Gas News

December 16, 2014

Encana: U.S. shale tops agenda despite low oil prices
Calgary, Alberta (UPI) Dec 16, 2014
Capital efforts in U.S. shale basins for 2015 are tailored to account for a "volatile price environment," Canadian energy company Encana said Tuesday. Encana said it was directing about 80 percent of its capital expenses, or around $2.2 billion, toward the Montney, Duveray, Eagle Ford and Permian shale reserve areas in the United States. Dough Suttles, the company's president and chief executive officer, said Encana was moving forward with a new aggressive strategy in mind. "Built ... read more

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North Dakota funds economic diversity effort Grants totaling more than a quarter of a million dollars will help communities across North Dakota diversify their economy, U.S. Sen. John Hoeven, R-N.D., said. ... more		Islamists mount air raid near key Libyan oil terminals Islamist militias launched an air strike near key oil terminals in eastern Libya on Tuesday, stepping up a battle for the government-held facilities, a security official said. ... more		Chevron suspends Ukrainian shale efforts U.S. energy company Chevron said it was still looking for opportunities in Ukraine, but opted to shelve a contract to tap the country's shale gas potential. ... more
				U.S. drivers saving millions of dollars on gas Consumer benefits of low oil prices are "abundantly clear" as U.S. drivers are saving more than $400 million per day on gasoline, motor club AAA said. ... more		Oil Price Tumbles After OPEC Releases 2015 Forecast The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC's latest forecast. And that's just ... more

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

More Kurdish oil expected after field upgrades Oil companies working in the Kurdish north of Iraq said Tuesday they completed infrastructure that should increase total production by more than 60 percent. ... more		Chinese slowdown further drag on oil Signs of a slowdown in Chinese manufacturing hammered an already-bruised oil market, pushing Brent crude oil to its lowest point in five years. ... more		Typhoon Ragasa hits south China after killing 15 in Taiwan Toxic homes a lasting legacy of Los Angeles fires Climate change causing havoc with global water cycle: UN		Apache dumps Australian, Canadian LNG assets U.S. energy company Apache Corp. announced Monday it was selling its stakes in Australian and Canadian gas projects for $2.75 billion. ... more
				Stanford professor discusses minimizing impact of fracking Natural gas power plants emit less carbon dioxide than coal power plants, but must be carefully managed to prevent air and water pollution. Natural gas from hydraulic fracturing generates income and ... more		Iran to seek end to 'cruel' sanctions on energy Iran will tread carefully in negotiations with world powers with the aim of ensuring relief from sanctions targeting the energy sector, Iran's president said. ... more

Startup in the Land of the Rising Sun; A Japanese Solar Venture - by Bradley L. Bartz

After Lima, Peru criticized for oil policies The United Nations said Monday it was concerned by a Peruvian proposal to sanction oil operations despite a legacy of heavy pollution and rights abuses. ... more		IHS: Islamic State financing war campaign with oil Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. ... more		NASA says on track to send astronauts around the Moon in 202 NASA launches mission to study space weather NASA's ESCAPADE craft returns to Florida for fall mission to Mars		Iranian economy tied too hard to oil, commissioner says The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. ... more
Oil price indices get minor lift Though OPEC ministers said the market will determine the floor, crude oil prices rallied Monday on word Libyan clashes closed two key oil terminals. ... more		North Sea oil player, Noreco, hurt by low oil prices Noreco, a Norwegian energy company focused on North Sea oil operations, said Monday its financial situation was deteriorating because of low oil prices. ... more		New major gas find offshore Israel An Israeli energy company said it's discovered what may be the third largest natural gas basin in the country in the eastern Mediterranean Sea. ... more		Offshore Congo exceeds Eni's expectations A production test from a field located offshore Congo has exceeded company expectations, the top executive at Italian energy company Eni said Monday. ... more

	China extends $2bn credit line to Angolan state oil firm Angola's state oil company Sonangol will benefit from a new $2.0 billion line of credit from the Chinese Development Bank to finance new projects, the state oil company said Monday. ... more		Impact and toxicity of biocides used in fracking remains largely unknown A Colorado State University-led research team has completed the most comprehensive review to date of the environmental fate and toxicity of the biocides most commonly used in hydraulic fracturing fl ... more

US lawmaker warns of military 'misunderstanding' risk with China

Spain approves 'total' arms embargo against Israel

Khamenei says Iran 'won't yield' to pressure to abandon uranium enrichment

Norway's Oil Decline Accelerating		Technology-dependent Emissions of Gas Extraction in the US		Crude oil cargo for ESA's first flight with China		US Congress moves to approve Russia sanctions, arms for Ukraine		Too soon to lift oil export ban, Congress hears
EU: Gas security still hinges on Ukraine		Economist: Iran needs oil at $125 per barrel		IEA outlook bruises oil markets further		Boat protest against Canaries oil prospecting		Bangladeshis use sponges to clean oil spill threatening dolphins

U.S. oil group applauds pro-export bill

U.S. House weighs oil export ban

Russia sees promise in energy ties with India

Mexico readies for offshore licensing round

'Catastrophic' Bangladesh oil spill threatens rare dolphins

U.S. importing more Venezuelan oil

Faith in oil prices faltering

KBR announces restructuring plans

Oil price drop a conspiracy, Iran's president says

BP's Dudley seeks to right the ship

Low gas prices will be commonplace, market analysts say

Oil prices slump in response to OPEC report

New study measures methane emissions from gas wells

Medvedev: Russia never recovered from '08 collapse

Technology-dependent Emissions of Gas Extraction in the US

Liu Tienan: from planner to prisoner, via mistress

Conoco shale spending plans down for 2015

Zero carbon emission goal not 'realistic': Saudi Arabia

WTI, Brent rebound after historic slump

$2.50 gas by Christmas, AAA says

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