Oil and Gas News

May 25, 2015

Are US Drillers Actually Making A Comeback?
Washington DC (SPX) May 22, 2015
Is US shale about to make a comeback? Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. There is a newfound bullishness in the oil markets - net long positions on Brent crude have hit multi-year highs in recent weeks on a belief that US supply is on its way down. That was backed up by recent EIA data that predicts an 86,000 barrel-per-day contraction for June. The Eagle Ford (a loss o ... read more

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May 18

This Innovation Will Help U.S. Companies Win The Oil Price War Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. A variety of diffe ... more		European cash to support Ukraine's energy reforms The European Commission signed a $2 billion loan agreement Friday with Ukraine to help finance a reform agenda, including an overhaul of the energy sector. ... more		Statoil: North Sea pipeline breach 'significant' A February leak from the Gudrun platform in the North Sea had the potential to be a significant and fatal incident, an investigation from Statoil found. ... more
				Statoil comes up dry in Norwegian Sea The Norwegian government said Friday energy company Statoil came up empty-handed when drilling in a frontier prospect near the Helm field in the Norwegian Sea. ... more		Natural gas versus diesel: Examining the climate impacts Some major trucking companies are turning to natural gas to fuel their fleets - and to earn "green" credit among customers. But celebrating lower emissions could be premature, according to an analys ... more

The World's Largest Commercial Drone Conference and Expo - Sept 9 - Las Vegas

Next Generation Integrated ISR 2015 - Washington DC - July 27-29

Iran sets oil sights on Asia Iran will be among the top oil suppliers for Asian consumers if sanctions are lifted as the result of nuclear talks, Iran's deputy oil minister said. ... more		California beach town cleans up after oil spill A small army of clean-up workers toiled Friday to scoop up crude oil deposits from a picturesque California beach, three days after a pipeline rupture unleashed thousands of gallons into the ocean. ... more		Ex-US climate envoy: Trump threatening 'consensus science' worldwide How did an Indian zoo get the world's most endangered great ape? Australian scientists grapple with 'despicable' butterfly heist		Oil markets end week on down note This week's rally in crude oil prices came to an abrupt end Friday with key indices down more than 1 percent on small gains in demand. ... more
				Total to hand back shale gas licence in Denmark French energy group Total is to hand back one of its two shale gas licences in Denmark after disappointing test drilling results, the Danish Energy Agency said on Friday. ... more		Report: Exxon reviewing U.S.-Iranian ties A spokesman for U.S. energy company Exxon Mobil said it was keeping close tabs on evolving ties between the U.S. and Iranian governments. ... more

Army Network Modernization 2015 - Washington DC June 23-25

Measuring air quality of natural gas extraction in Marcellus Shale region A team led by environmental engineers from Drexel University are the first independent researchers to take a closer look at the air quality effects of natural gas extraction in the Marcellus Shale r ... more		Iran's Rouhani wants to 'free' economy from sanctions Iranian President Hassan Rouhani called Sunday for national unity to liberate the economy from international sanctions, which he compared to a form of occupation. ... more		Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy Ten Years Later, LIGO is a Black-Hole Hunting Machine NASA awards Blue Origin new lunar mission to deliver VIPER rover in 2027		New York snubs Albany port bitumen project New York's state government found there would be "at least one" environmental issue with a proposal to build a tar sands storage facility at a rail terminal. ... more
Libya pro-government raid hits oil tanker: report Forces loyal to Libya's internationally recognised government carried out an air strike Sunday on an oil tanker delivering its cargo to a power plant run by the rival administration, a report said. ... more		California oil pipeline leaks into ocean A pipeline ruptured Tuesday in California dumping oil along the rocky coast of Santa Barbara and into the Pacific Ocean, the US Coast Guard said. ... more		Further assessment needed of dispersants used in response to oil spills New commentary in Nature Reviews Microbiology by Samantha Joye of the University of Georgia and her colleagues argues for further in-depth assessments of the impacts of dispersants on microorganisms ... more		OMV unsure about Yemen, Libya Production of natural reserves in Libya and Yemen may be shuttered for the rest of the year because of ongoing violence, Austrian energy company OMV said. ... more

	Iraqi violence no concern for Gulf Keystone Petroleum Security in the northern Iraqi oil fields is not a concern for British energy company Gulf Keystone Petroleum, its chief executive officer said. ... more		Texas city will still enforce fracking regulations The city of Denton, Texas, will continue enforcing regulations on hydraulic fracturing, but can't predict how the courts will react, a spokeswoman said. ... more

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

British North Sea workers to vote on strikes		BP oil spill caused dolphins' lung disease, deaths: study		Exxon makes big oil find offshore Guyana		Canada can't curb oil sands emissions fast enough: document		Chinese data, U.S. crude stocks, lift oil prices
Gazprom Neft issues upbeat report		Fracking may affect air quality and human health		Macroeconomic concerns drag on oil		Gas cheap, relatively speaking, AAA finds		Emergency declared after California oil spill

Japanese growth lifts oil prices

Verisk completes Wood Mac grab

Gazprom expects gas production to rise

Texas ban on fracking bans criticized

No contact with U.S. on oil, Iran says

Ukrainian shale handcuffed, company says

Asian demand signals give oil prices stability

Cyberattacks targeting oil sector: researchers

Shell picked wrong city, Seattle protesters say

Shell facing stiff Seattle opposition

Serbia backs Russian gas pipeline interests

Gulf nations say reassured by Obama's 'ironclad' pledge

U.S. sued over oil-train rules

US oil production 'important' amid clean energy transition: Obama

Pace of U.S. rig decline slows

Canada oil group vows to strengthen industry

Oil prices fall on weak China data

Florida lawmakers say no to Atlantic drilling

Oil production rebounds in North Dakota

Export nod triggers Texas LNG construction

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