Oil and Gas News

July 24, 2015

More Job Losses Coming To US Shale
London, UK (SPX) Jul 24, 2015
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC's high production levels and China's market turmoil have created more pressure on oil prices, making a price rebound look highly unlikely in the near future. So, with the prices of both Brent and WTI moving towards $50 per barrel ... read more

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Expert: Gazprom facing dual containment Russian energy ambitions may be contained by European political and Asian diversification schemes, a strategic studies researcher said. ... more		Methane emissions from natural gas transmission and storage facilities A comprehensive study of natural gas transmission and storage facilities led by Colorado State University (CSU) researchers has found that the total amount of methane emitted into the atmosphere fro ... more		Shell still on arctic hot seat, advocacy group says Legal counsel for advocacy group Oceana said that, while pressure hasn't stopped Shell's slow march to arctic oil, feet can be still held to the fire. ... more
				Oil down, but not out, amid glimmers of hope Crude oil prices held steady in early Thursday trading amid continuing signs of a strong U.S. labor market, though major indices remain considerably weak. ... more		Iran deal fuels tussle for gas pipelines in Pakistan A landmark deal on Iran's nuclear programme has breathed new life into plans for a gas pipeline through Pakistan - and sparked a geopolitical tussle, with Russia looking to expand its influence, observers say. ... more

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Rig company Hercules posts heavy quarterly loss Low crude oil prices suggest activity in the exploration and production side of the energy sector will stay depressed, U.S. rig company Hercules Offshore said. ... more		Friends and foes debate U.S. energy landscape The American Petroleum Institute said there is still more work to do as U.S. lawmakers work to craft legislation that matches the shale energy landscape. ... 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		Shallow fracking raises questions for water The United States now produces about as much crude oil as Saudi Arabia does, and enough natural gas to export in large quantities. That's thanks to hydraulic fracturing, a mining practice that invol ... more
				U.S. reminds rail companies of oil rules Companies sending oil from the Bakken shale reserve area by rail are reminded of their responsibility to give advance traffic notices, a federal regulator said. ... more		Oil prices lower on weak sentiment Signs that oil markets are weighted on the supply side and lingering uncertainty about price trajectories send crude oil prices lower in Wednesday trading. ... more

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Murkowski breaks rank on oil tie to highway funding Sen. Lisa Murkowski, a vocal supporter of the oil industry, said selling oil from strategic national reserves to fund highway projects was bad policy. ... more		China has drilling rigs close to disputed waters: Japan China has put 16 drilling rigs close to its de facto maritime border with Japan, Tokyo said Wednesday, in the latest twist in a row over gas fields in waters disputed by the two countries. ... 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		EU extends loan to assist with Ukrainian reforms The European Commission said Wednesday it agreed to extend financial assistance to Ukraine, a key energy transit country, to help with economic reforms. ... more
Iran working to renew gas pipeline interest A project once dubbed the Peace Pipeline could see new life with Chinese and Indian investors working in a post-sanctions Iran, a Pakistani official said. ... more		Technip bags TAP management contract A consortium working to diversify the European energy sector with Azeri natural gas said it picked French contractor Technip to help steer the project forward. ... more		AAA: U.S. retail gasoline market volatile A stable national retail average price for a gallon of gasoline is masking volatility in some U.S. sectors brought on by refinery issues, motor club AAA said. ... more		Oil prices holding steady, though down since July The price for West Texas Intermediate crude oil fought off $49 per barrel in early Tuesday trading despite a string of pessimistic statements from U.S. players. ... more

	Engie builds LNG portfolio in Asia French energy company Engie said Tuesday it was building its position in the liquefied natural gas market through a partnership with a Japanese power producer. ... more		Report: Cuba may get oil help from Angola Cuba expects to kick start its deepwater oil exploration activity with assistance from Angola's state-run energy company Sonangol, a Cuban official said. ... more

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Bolivia to explore oil in seven of 22 protected areas		Baker Hughes stumbles		New family of chemical structures can effectively remove CO2 from gas mixtures		Oil prices continue steady drift lower		No change in North Dakota rig deployments
TransCanada boasts of benefits of North American pipelines		Eni finds more natural gas in Egypt		No contact with Iran, European gas pipeline group says		Europe welcomes Polish gas diversity efforts		Cleanup in western Canada after oil sands spill

Return of Iranian oil may cause more OPEC tensions

API sees strong U.S. energy sector

Ukraine considers Kazakh gas transit options

Iran deal a mixed economic win for Russia: analysts

Investors eye rewards and risks in post-sanctions Iran

Santos navigating weak energy market

Hydraulic fracturing linked to hospitalization rates in Marcellus shale area

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Canada set energy sector records last year

Lending for Greece boosts oil prices

Wood Mackenzie: Russia's energy players resilient

Norway sees oil production gains

Mexico draws natural gas interest from France

Kinder Morgan grabs holds of Georgia LNG project

Fracking report a 'road map' to safer energy production

LNG deliveries mulled for Ukrainian market

Oil sinks on outlook for more Iran crude exports

Iraq says no alarm at prospect of hiked Iran oil exports

Wait and see on Iran, oil voices say

Tehran nuclear deal revives hope for Pakistan-Iran gas pipeline: minister

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