Oil and Gas News

July 09, 2015

Don't panic, nothing has really changed in the oil markets
Washington DC (SPX) Jul 09, 2015
Monday's 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market. To the point: Demand is heading towards record levels both internationally and in the U.S. The Greek issue is not new and it has not changed. It is just popular now as deadlines are pushed. It will fade and its drag on oil prices will ease. The Chinese stock market is either correcting ... read more

Previous Issues

Jul 08

Jul 07

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Jul 05

Jul 04

West Africa: Next big deal in oil? With the right investment strategies, the emerging offshore oil prospects in West Africa could be the industry's next big deal, an executive leader said. ... more		Saudi royal visits US warship amid regional tensions A US aircraft carrier in the Gulf hosted one of Saudi Arabia's most powerful figures, official media said on Wednesday, as regional concerns mount over alleged interference by Iran. ... more		Ukraine reviews domestic gas options Ukraine's prime minister said the country must wean itself off foreign natural gas within 10 years, offering tax breaks as an incentive to private companies. ... more
				Shell suffers early arctic setback Royal Dutch Shell confirmed an icebreaker carrying a piece of safety equipment to a drilling site in arctic Alaskan waters suffered a minor hull breach. ... more		Middle East, Africa standouts in rig activity Activity in the exploration and production side of the energy sector increased only in the Middle East and Africa last month, Baker Hughes said Wednesday. ... more

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Russian economic winds blow cold in Chinese border town The warmth of the friendship between Chinese President Xi Jinping and Russia's Vladimir Putin - who meet Wednesday for the eighth time in two years - does little to counter the bitter economic winds blowing through their shared border. ... more		Marginal oil price rally continues Though Chinese economic concerns are lingering on the horizon, crude oil prices again recovered on easing worries over Greek debt and Iranian nuclear deals. ... 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		Two dead in Brazilian accident tied to Petrobras In the second incident of its kind this year, two workers on a construction project operated by Brazil's Petrobras died as a result of drowning, a union said. ... more
				Barnett shale research raises new concerns about methane emissions Researchers from the University of Houston found that some natural gas wells, compressor stations and processing plants in the Barnett Shale leak far more methane (CH4) than previously estimated, po ... more		Gas prices could go up, AAA says Though retail gasoline prices are holding steady, motor club AAA said an increase in consumer demand could lead to further spikes through August. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Survey: OPEC keeps plugging away Output from Saudi Arabia and Iraq helped lead to the fourth straight monthly increase from the Organization of Petroleum Exporting Countries, a survey found. ... more		Oil prices mixed amid uncertainty over Greece, China Oil prices finished mixed on Tuesday as investors faced growing uncertainty over the Greek debt crisis and China's efforts to stem a stocks rout in the world's top energy consumer. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time What 3I/ATLAS tells us about other solar systems SyntaxError: invalid decimal literal - What to Do		Study: Natural gas operations leak more methane than estimated Gas is elusive. It's inevitable that some natural gas escapes during the drilling process, but new research suggests drilling operations in the Barnett Shale region are leaking more methane (CH4) than previously estimated. ... more
Kurdish government in Iraq selling more oil The semiautonomous Kurdish government in Iraq said it increased direct oil sales in response to debts stemming from budget cuts imposed by Baghdad. ... more		California shore mostly cleared of oil Nearly two months later, crews are working to recover the last of the oil left from a pipeline breach in California, a response team said. ... more		Oil struggles to correct after Monday's drop Crude oil prices were mixed in early Tuesday trading, with some corrections emerging after a major sell off greeted triple international market threats. ... more		Canada oil sands emits more carbon than from US crude The production of petroleum from Canada's oil sands is on the rise with much of it destined for U.S. refineries. As the U.S. takes stock of its greenhouse gas emissions, scientists report in t ... more

	French businesses hoping to beat the rush back into Iran Since the start of tortuous nuclear negotiations with Iran, France has been seen as taking the toughest stand. Now as a deal nears, Paris must be ready to dash in and grab a slice of long untapped market. ... more		North Dakota rig activity leveling out The exploration and production sector in North Dakota is holding steady for the second straight week in a sign of building equilibrium, data show. ... more

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Iran envisions post-sanctions oil era		Eni starts production at giant Venezuelan gas field		Report: Brazil's Petrobras wading dark waters		Oil markets hammered by Greece, Iran and China		Momentum builds behind giant Norwegian oil field
Oil prices rebound after dismal week		Russian, Ukrainian gas talks collapse		Shell to tap new Gulf of Mexico oil		Norway: New reserves found in North Sea		CCNY researchers develop eco-friendly oil spill solution

Argonne analysis shows increased carbon intensity from Canadian oil sands

Greek default leaves bruise on oil markets

Canada awards license for LNG exports to Asia

BP engineer to get new Macondo trial

BP to pay record $18.7 bn over Gulf of Mexico oil spill

U.S. proposes tighter pipeline spill rules

China starts work on Russian gas pipeline

July 4th gas to be cheapest since at least 2010

German government postpones parliamentary vote on fracking

Vitol buys into Nigeria downstream sector

Samsung gets major Johan Sverdrup contract

Eni reaches LNG deal in Indonesia

SCOTUS says no to Gulf of Mexico spill appeals

North Dakota refinery completed

Optimism wins; crude oil recovers

Gazprom: New lines for Nord Stream by 2019

US Supreme Court rejects BP appeal in Gulf oil spill

Canadian oil producers back lower emissions

Activists deploy against Shell's arctic plans

Texas oil production holding steady

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