Oil and Gas News

July 28, 2015

Shale player Encana expects forward momentum
Calgary, Alberta (UPI) Jul 24, 2015
Drawing on momentum in U.S. shale basins, Canadian energy company Encana Corp. said Friday it expected production to increase for the rest of the year. "We continue to lower costs, improve well performance and increase well inventory in our four most strategic assets," Doug Suttles, Encana president and chief executive officer, said in a statement. The company in February said it was reducing its capital investment plans for the year by $700 million to about $2.1 billion. About 80 percen ... read more

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41 more North Sea oil, gas licenses announced The United Kingdom Oil and Gas Authority (OGA) announced 41 new licenses Monday to explore the U.K. Continental Shelf in the North Sea. ... more		Oil prices drop on Chinese woes World oil prices slid on Monday to around four-month lows, hurt by poorly received economic data from China, the world's top energy consuming nation, traders said. ... more		Experts: Mexican oil could have profound regional impact The opening up the Mexican energy sector under the Peña Nieto administration could bring profound changes to regional energy security, experts testified. ... more
				Weatherford: Future looks grim With few prospects for a recovery in the crude oil market, rig services company Weatherford said it was making deeper cuts in its North American portfolio. ... more		British shale pioneer to push back against local council British shale pioneer Cuadrilla Resources said it planned to appeal June's decisions by a county council to deny permits for a hydraulic fracturing campaign. ... more

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Eni reinvigorated by Egyptian gas potential Italian energy company Eni said it was strengthening its commitment to Egypt following the discovery of significant gas deposits in the Nile Delta. ... 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		Solar-driven ionosphere charges may nudge stressed faults toward rupture Stable black carbon in mangrove soils boosts coastal climate role Low crystallinity iron minerals show promise for chromium cleanup and carbon storage		More Job Losses Coming To US Shale 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 ... more
				Crude oil shrugs off bear market signs Crude oil prices moved modestly higher in early Friday trading as a forecast for recovery in part trumped indications of a looming bear market. ... more		Expert: Gazprom facing dual containment Russian energy ambitions may be contained by European political and Asian diversification schemes, a strategic studies researcher said. ... more

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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		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		DAMPE space telescope finds universal spectral feature that narrows field on cosmic ray origins ThinKom Develops Self-Funded Mobile HPM Weapon to Counter Drone Swarms Planet and Carbon Mapper Plan SWIR-Only Tanager Satellite for Wider Methane Detection		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
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		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		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

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China has drilling rigs close to disputed waters: Japan		EU extends loan to assist with Ukrainian reforms		Iran working to renew gas pipeline interest		Technip bags TAP management contract		AAA: U.S. retail gasoline market volatile
Oil prices holding steady, though down since July		Engie builds LNG portfolio in Asia		Report: Cuba may get oil help from Angola		Bolivia to explore oil in seven of 22 protected areas		Baker Hughes stumbles

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Eni finds more natural gas in Egypt

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Cleanup in western Canada after oil sands spill

Return of Iranian oil may cause more OPEC tensions

API sees strong U.S. energy sector

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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

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