Oil and Gas News

July 14, 2015

Saudi oil production at new high
Vienna (UPI) Jul 13, 2015
With oil demand from the Middle East expected to surge, Saudi Arabia reported to OPEC its crude oil production was at its highest levels in more than 30 years. Saudi Arabia reported to the Organization of Petroleum Exporting Countries it produced 10.56 million barrels of oil per day in June, a 2.2 percent increase from the previous month. Saudi Arabia has maintained a high level of oil production despite the slump in crude oil prices, arguing it needs to protect its market share in an ec ... read more

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Former BP boss takes helm at Kurdish oil player Former BP boss, Tony Hayward, was appointed Monday as the chairman of Genel Energy, one of the largest oil players in the Kurdish north of Iraq. ... more		Oil prices tank on word of no "Grexit" Major crude oil indices started trading Monday off more than 1 percent after a last-minute save for Greece and emerging prospects for an Iranian nuclear deal. ... more		North Dakota oil production up despite fewer rigs The number of rigs actively exploring for or producing oil and gas in North Dakota declined nearly 4 percent from last week, state data show. ... more
				Plains reports oil spill near St. Louis Plains All American Pipeline, the company behind one of California's largest oil spills, said it was cleaning up a small separate spill near St. Louis. ... more		Eni raises death toll from Nigerian oil pipeline blast Italian energy company Eni raised the death toll by one to 13 after last week's explosion during repairs on an oil pipeline in Nigeria's Niger Delta region. ... 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

Europe calls for 'realistic' natural gas projects European energy security depends in part on "realistic and feasible" infrastructure through central and southern European countries, a commissioner said Friday. ... more		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		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		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
				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		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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
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		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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

House revisits push for Keystone XL		Kurdish oil expectations lowered		West Africa: Next big deal in oil?		Saudi royal visits US warship amid regional tensions		Ukraine reviews domestic gas options
Shell suffers early arctic setback		Middle East, Africa standouts in rig activity		Russian economic winds blow cold in Chinese border town		Marginal oil price rally continues		Two dead in Brazilian accident tied to Petrobras

Barnett shale research raises new concerns about methane emissions

Gas prices could go up, AAA says

Survey: OPEC keeps plugging away

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

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