Oil and Gas News

July 12, 2015

Trend bucked; more drilling planned for Texas
Houston (UPI) Jul 9, 2015
After unloading stakes in the Eagle Ford shale in Texas, Pioneer Natural Resources said it plans to boost drilling in an emerging area in the west of the state. Pioneer and its partners at Reliance Holding sold pipeline operations in the Eagle Ford shale basin in Texas to a subsidiary of Enterprise Products Partners for $2.15 billion. "The sale ... will further improve our already strong balance sheet and allow us to strategically redeploy capital to our core, oil-rich Spraberry/Wolfcamp ... read more

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New study shows that oil from surface-spill slicks can sink to sea floor A first of its kind study that modeled oil slick weathering over time in a laboratory setting provides evidence that evaporation combined with sinking of the heavy components of surface-spill slicks ... more		Saipem loses Russian pipe-laying contract Italian energy services company Saipem said Thursday it received word from Gazprom its contract to build a natural gas pipeline through Turkey was cancelled. ... more		OPEC influence debated during House export hearing U.S. House leaders heard testimony largely in support of lifting a ban on crude oil exports, though debate over OPEC's market role emerged on the margins. ... more
				Oil prices rise but gains capped by China, Greece Oil prices rose Thursday, clawing back ground after recent sharp losses, while gains were capped by concerns surrounding the impact of China's and Greece's problems on crude demand, analysts said. ... more		Minor condensate spill reported in North Dakota The North Dakota government reported a minor spill of so-called condensates migrated to a drainage ditch feeding a creek in the west of the state. ... more

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

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

Nuclear Decommissioning And Used Fuel Market 2015

Solar systems for home and business installations

House revisits push for Keystone XL A committee from the Republican-led House of Representatives said it issued a subpoena to the State Department on the permit process for Keystone XL. ... more		Kurdish oil expectations lowered British energy company Gulf Keystone Petroleum said Thursday it was lowering its production expectations from Kurdish assets because of adverse market factors. ... more		As world burns, India's Amitav Ghosh writes for the future Fire on Ice: The Arctic's Changing Fire Regime Cosmic krypton timestamps reveal Australia landscape evolution and resources		Don't panic, nothing has really changed in the oil markets 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. ... more
				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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles JWST red dots reveal rapidly growing early black holes Spaceflight study links astronaut biology to reversible shifts in epigenetic age		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
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		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		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

Greenland is helpful, but not vital, for US missile defense

European military mission in Greenland as US aim 'remains intact'

Amazon expands 'sovereign cloud' in Europe

Oil prices mixed amid uncertainty over Greece, China		Study: Natural gas operations leak more methane than estimated		Kurdish government in Iraq selling more oil		California shore mostly cleared of oil		Oil struggles to correct after Monday's drop
Canada oil sands emits more carbon than from US crude		French businesses hoping to beat the rush back into Iran		North Dakota rig activity leveling out		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

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