Oil and Gas News

June 25, 2015

Russia was China's top oil supplier in May: report
Beijing (AFP) June 24, 2015
Russia became China's top crude oil supplier last month for the first time in a decade, Bloomberg News reported, as Moscow seeks new markets for its crude following western sanctions. China imported a record 3.92 million tonnes of crude from its northern neighbour in May, it said, citing official customs data released on Tuesday. Imports of Russian oil increased 20 percent in May from the previous month to reach the equivalent of 927,000 barrels per day, the report said. China's oil imports ... read more

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Jun 18

TransCanada announces staff cuts Pipeline company TransCanada said it cut about 3 percent of its North American workforce in an effort to move forward with a $37 billion capital growth plan. ... more		IHS examines next big deal in U.S. shale The Wolfcamp Delaware basin, a shale play straddling the Texas border with New Mexico, could be the next big deal, analysis published Wednesday from IHS found. ... more		Norway's oil and gas production up Oil and natural gas production from Norwegian basins increased last month, with oil output up 2.4 percent year-on-year, the government said Wednesday. ... more
				Oil prices dip modestly on U.S. GDP figures Crude oil prices started the trading day Wednesday relatively flat as concerns about an oversupplied market were offset by declines in the U.S. economy. ... more		Alaska Sen. Lisa Murkowski ties Iran to U.S. oil export debate Iranian sanctions should stay in place as long as policymakers keep a ban on domestic crude oil exports in force, a report from U.S. Sen. Lisa Murkowksi read. ... more

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Shell holds Tehran talks over potential investment Anglo-Dutch giant Shell on Wednesday became the first international oil group to announce that it had held talks with Iran about potential investment should sanctions be lifted as part of a nuclear deal with the West. ... more		Canada files charges for Lac-Megantic disaster The Canadian transport authority said it filed legal charges in connection with the Lac-Megantic oil-train disaster in 2013 under two federal acts. ... more		GUARDIAN Tsunami Detection Tech Catches Wave in Real Time Galileo daughter mission named Celeste to strengthen navigation resilience How quantum computers can be validated when solving unsolvable problems		Gas prices start edging lower The price for a gallon of regular unleaded gasoline in the United States is edging lower as wholesale prices decline and refinery issues ebb, surveys find. ... more
				Plains reveals California spill migration Oil spilled off the California coast in May migrated more than 150 miles to mix with oil from natural seeps, Plains All American Pipeline said. ... more		Oil prices off on Chinese supply data Crude oil prices moved lower for the second consecutive day on word of increased Chinese oil production and expectations from Iran. ... more

Surveys begin in Gulf of Mexico rig fire Federal agencies in Mexico said they're conducting aerial surveillance of a fire that occurred on a platform in the southern Gulf of Mexico. ... more		FARC rebels kill four and rupture Colombian pipeline Colombia's FARC rebels killed four soldiers and wounded six by setting a landmine that exploded when an army helicopter landed on it, officials said. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time Streamlining Government Records with Social Media Archiving Tools SyntaxError: invalid decimal literal - What to Do		Tullow settles Ugandan tax dispute Settling a long-running tax dispute with the Ugandan government is a positive development for the nation's energy sector, Tullow Oil announced Monday. ... more
Oil markets stable, Russian minister says From the Russian perspective, the situation in the global crude oil market is starting to stabilize, the minister of economic development said. ... more		North Dakota upstream holding steady One week after the state governor touted economic diversity, data from North Dakota show stability in the exploration and production side of the energy sector. ... more		Lundin reshuffles executive lineup Swedish energy company Lundin Petroleum said Monday it would appoint new talent to lead the company as it charts a long term strategy for growth. ... more		More than 87 miles of oiled Calif. beaches cleared A unified command responding to the May oil spill off the California coast said more than 90 percent of the contaminated shorelines have met cleanup goals. ... more

	Oil prices remain below June 1 level Oil prices started the last full trading week in June in stable territory as the Greek debt crisis continues, but prices are still below June 1 levels. ... more		US mid-continent seismicity linked to high-rate injection wells A dramatic increase in the rate of earthquakes in the central and eastern U.S. since 2009 is associated with fluid injection wells used in oil and gas development, says a new study by the University ... more

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Five new calcium carbides: Unique reducers and new hydrocarbon synthesis methods		PBF expands Gulf of Mexico refinery footprint		Oil prices drift lower on U.S. output statements		Wintershall unloads offshore Norwegian assets		Russian gas giant Gazprom extends reach
Busting The "Canadian Bakken" Myth		The Dark Side Of The Shale Bust		U.S. shale oil in slow decline		Rig company Hercules stumbles		Crude oil prices try again to rally

OMV, Gazprom mull pipeline expansions

Total U.S. crude oil imports up

IHS: Russian defense cut on low energy revenue

U.S. House mulls arctic drilling

Rouhani: Iran isolated from weak oil market

Oil moving out of threat from Bill

Spill cleanup crews decline in California

Oil prices rally on Greek crisis and demand

North Dakota touts diversity as rig count declines

China using indigenous Beidou system to detect gas leaks

Statoil closer to Johan Sverdrup development

New research initiative at Stanford to comprehensively study the use of natural gas

Activists arrested in Shell protest

Reactivating fault slip with fluid injection

Energy job losses mount for Canada

U.S. gasoline prices take unexpected rise

The 'Uncatchable' one-eyed jihadi Belmokhtar

China lends $300mn to build strategic road in Kyrgyzstan

PNG LNG delivers 100th cargo

Energy investments in Norway to flatten out

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