Oil News and Gas News
July 13, 2015
OIL AND GAS
Europe calls for 'realistic' natural gas projects
Dubrovnik, Croatia (UPI) Jul 10, 2015
European energy security depends in part on "realistic and feasible" infrastructure through central and southern European countries, a commissioner said Friday. The European Commission announced the signing of a memorandum of understanding in Croatia with central and southern European countries that calls in part for more momentum behind the construction of what the commission said were "missing" gas links in the region. Lingering economic and geopolitical issues in Ukraine pose a threat ... read more
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OIL AND GAS

Oil spared from Canadian wildfires
The latest flare-up in wildfires in western Canada did not impact oil production as earlier outbreaks did, a provincial spokesperson in Alberta said. ... more
OIL AND GAS

IEA: OPEC production highest in three years
Output from Iraq, Saudi Arabia and the United Arab Emirates helped boost OPEC oil production to a three-year high, the International Energy Agency said Friday. ... more
OIL AND GAS

New Orleans settles with BP over 2010 spill
BP offered a $45 million settlement to New Orleans, which will use the funds for water management and coastal restoration, the city's mayor said. ... more
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OIL AND GAS

Iran trade with GCC set to grow but oil spat looms
Iran should boost trade with its Gulf Arab neighbours if a deal on its nuclear programme sees sanctions and an oil embargo lifted, but higher Iranian crude production could worsen tensions within OPEC, analysts say. ... more


OIL AND GAS

Oil balanced on IEA, IMF growth forecasts
Crude oil prices started Friday holding relatively steady despite a downbeat forecast from the International Energy Agency. ... more
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OIL AND GAS

12 dead in Nigerian pipeline explosion
A dozen members of a maintenance crew died as a result of an explosion on a Niger Delta pipeline blamed on sabotage, Italian energy company Eni said Friday. ... more
OIL AND GAS

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
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OIL AND GAS

Trend bucked; more drilling planned for Texas
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. ... more
OIL AND GAS

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
OIL AND GAS

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
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OIL AND GAS

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 AND GAS

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
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OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
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OIL AND GAS

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
OIL AND GAS

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
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OIL AND GAS

Middle East, Africa standouts in rig activity

OIL AND GAS

Russian economic winds blow cold in Chinese border town

OIL AND GAS

Marginal oil price rally continues

OIL AND GAS

Two dead in Brazilian accident tied to Petrobras

OIL AND GAS

Barnett shale research raises new concerns about methane emissions

OIL AND GAS

Gas prices could go up, AAA says

OIL AND GAS

Survey: OPEC keeps plugging away

OIL AND GAS

Oil prices mixed amid uncertainty over Greece, China

OIL AND GAS

Study: Natural gas operations leak more methane than estimated

OIL AND GAS

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

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