Oil News and Gas News
February 26, 2015
OIL AND GAS
Making treatment of oil and gas wastewater simpler, cheaper
Boulder CO (SPX) Feb 26, 2015
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year. The saltiness of the water and the organic contaminants it contains have traditionally made treatment difficult and expensive. Engineers at the University of Colorado Boulder have invented a simpler process that can simultaneously remove both salts and organic contaminants from the wastewater, all while producing additional energy. The new technique, which relies on a microbe-powered battery, was r ... read more
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OIL AND GAS

Canada's Encana Corp. cuts spending
Canadian energy company Encana said Wednesday its U.S. natural gas assets performed well last year, but 2015 capital investments will be cut by $700 million. ... more
OIL AND GAS

Alberta not surprised by Keystone XL veto
Stressing the debate over the Keystone XL oil pipeline isn't over, Alberta Premier Jim Prentice said he wasn't surprised by a veto from the White House. ... more
OIL AND GAS

Kazakhstan expects oil production boom
Kazakhstan's government said Wednesday it expects oil production to increase by as much as 30 percent in part because of operations at its giant Kashagan field. ... more
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OIL AND GAS

Gulf Keystone Petroleum mum on potential sale
Gulf Keystone Petroleum, active in Iraq, said Wednesday it was keeping a tight lid on the reasons behind an announcement of a possible sale of the company. ... more


OIL AND GAS

OPEC comments drive Brent prices up
Statements from a member of OPEC again swayed oil markets Wednesday, with Saudi comments on demand driving Brent crude prices upward. ... more
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OIL AND GAS

Gazprom threats to cut Ukrainian gas supplies
Russian energy company Gazprom said Tuesday it may halt natural gas deliveries to Ukraine within two days because of late payments. ... more
OIL AND GAS

U.S. gas prices rise for 29 straight days
The price per gallon for regular unleaded gasoline has increased 29 days in a row as of Tuesday because of U.S. refinery issues and commodity markets, AAA said. ... more
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OIL AND GAS

Algeria police prevent anti-shale gas protest
Riot police prevented a protest in the Algerian capital Tuesday against state energy giant Sonatrach's controversial exploitation of shale gas in the southern desert. ... more
OIL AND GAS

Canada expects dip in crude oil production
Growth in Canadian crude oil production is expected to slow by about 3 percent as oil prices weigh on future developments, industry leaders said. ... more
OIL AND GAS

Asphaltene analysis takes a giant step
Rice University researchers have developed an easy and accurate technique to detect and quantify the amount of asphaltene precipitated from crude oils, which bedevils the oil industry by clogging we ... more
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OIL AND GAS

OPEC rumors stir oil market pot
Oil markets moved into positive territory Tuesday on word members of the Organization of Petroleum Exporting Countries were weighing extraordinary measures. ... more
OIL AND GAS

Oily-mixture removed from W. Va. derailment site
With monitoring ongoing, responders to last week's oil-train derailment in West Virginia said they're busy removing an oily mixture from containment trenches. ... more
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OIL AND GAS

Durability of North Sea energy sector questioned
A bright spot in an otherwise "bleak" year for North Sea oil and gas operations was that production slipped 1 percent year-on-year, an annual survey found. ... more
OIL AND GAS

Profit up, spending down for shale player ONEOK
U.S. shale energy company ONEOK Partners said fourth quarter net income was up year-on-year, though a weak commodity market forced a cut in planned spending. ... more
OIL AND GAS

GE Capital: 2015 Energy (Oil and Gas) Trends
Oil prices continued their slide in early January 2015 following the OPEC decision on November 27, 2014 to hold output levels. The surprise to the market was not so much that OPEC did not cut produc ... more
OIL AND GAS

Kremlin questions Moody's rating downgrade
Russia's Finance Ministry criticized a credit downgrade from ratings agency Moody's as pessimistic and out of step with developments in the oil-laden economy. ... more
OIL AND GAS

Oil removed from derailed trains in West Virginia
Responders to an oil-train derailment in West Virginia pulled more than 3,000 barrels of oil from tank cars, but said some oil had spilled into a river. ... more

OIL AND GAS

Oil rally deflates on pessimism
Insider expectations that a rally in the global crude oil market will be short lived brought heavy losses Monday for Brent and West Texas Intermediate. ... more
OIL AND GAS

Arctic oil can wait, advocacy group says
If there is oil locked under arctic waters, it can wait until U.S. policymakers and the industry have effective safeguards in place, an advocacy group said. ... more
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OIL AND GAS

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OIL AND GAS

Statoil brings North Sea oil and gas field online

OIL AND GAS

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OIL AND GAS

Methane leaks from three large US fields in line with federal estimates

OIL AND GAS

Panda Power Funds to Jointly Develop 1,000 MW Penn Power Project

OIL AND GAS

Methane emissions from natural gas industry higher than previously thought

OIL AND GAS

Oil prices recover slightly in Asia

OIL AND GAS

Senators want oil door opened to Mexico

OIL AND GAS

Union cries foul after Exxon refinery blast

OIL AND GAS

North Dakota oil boom deflating

Gas leak stops North Sea production

Oil prices off more than 4 percent

Environmental team surveying W. Va. oil-train disaster

Libya, Yemen, leave bruises on OMV

Canada federal police warn of growing anti-oil threats

NTSB: Oil by rail needs scrutiny after W. Va. incident

U.S. shale oil shows resiliency

Air running out of recent crude oil rally

BP: Post-Arab Spring conflicts curb oil potential

Halliburton, Baker Hughes plan stakeholder meeting

Fatality figure raised in Brazilian oil incident

EU gas security at risk, commissioner says

Heavy fighting in South Sudan oil zones: defence minister

Russia expects prolonged economic slump

CSX oil-train blaze to burn out on its own

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Crude oil rally hits snag

Scotland's Wood Group upbeat in weak market

UAE says renewed air strikes hit IS oil refineries

Blaze extinguished at Libya's largest oil field

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