Oil News and Gas News
July 31, 2015
OIL AND GAS
U.S. tightens safety for oil transit by rail
Washington (UPI) Jul 30, 2015
Regulators are taking another step in ensuring the safe transport of crude oil by rail by mandating better brake monitoring, the transport secretary said. The Federal Railroad Administration issued a ruling requiring railroad employees to get secondary confirmation that equipment meant to secure trains and equipment are deployed properly. Transportation Secretary Anthony Foxx said the mandate is part of a comprehensive effort to improve the safe transport of crude oil by rail. "Verifying ... read more
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OIL AND GAS

Natural seeps likely cause of California sheen
Two months after a pipeline spill, oil sheen appearing off the California coast is consistent with what would be expected from natural seeps, a geochemist said. ... more
OIL AND GAS

Ghana to put West Africa on oil radar
One of the larger oil fields in Africa, the so-called TEN project, is on pace to start production by the middle of next year, Tullow Oil declared. ... more
OIL AND GAS

Shell expects prolonged oil market downturn
Though crude oil prices may recover to $90 per barrel, Royal Dutch Shell said Thursday it was planning for a downturn that could last "several years." ... more
OILGASDAILY


OIL AND GAS

Oil rebounds on strong U.S. economic data
Signs of sustained recovery in the U.S. economy helped lift crude oil prices Thursday from earlier losses sparked by indications of Chinese weakness. ... more


OIL AND GAS

Kurdish oil secured, Norwegian company says
Norwegian energy company DNO International said Thursday its oil operations in the north of Iraq were isolated from violence raging across the border in Turkey. ... more
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OIL AND GAS

Analyst: Iranian gas no panacea for Pakistan
Completing a natural gas pipeline from Iran won't be the "silver bullet" expected by the government in Islamabad, analysis finds. ... more
OIL AND GAS

Judge fines Greenpeace for blocking Shell Oil ship
A US judge Thursday slapped a $2,500 fine on Greenpeace for every hour its activists continue to block a Shell Oil ship headed for Alaska on a drilling expedition, a court official said. ... more
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OIL AND GAS

Saudis Expand Price War Downstream
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record le ... more
OIL AND GAS

Activists hang from US bridge to block Shell Oil ship
Thirteen environmental activists rappelled off a bridge Wednesday in Portland, dangling from ropes to get in the way of a Shell Oil ship headed for Alaska on a drilling expedition, Greenpeace said. ... more
OIL AND GAS

As desert encroaches, Niger turns to natural gas
Threatened by the advance of a desert that already covers two-thirds of Niger, the poor Sahel nation hopes to halt rapid deforestation by promoting natural gas. ... more
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OIL AND GAS

Turkish oil pipeline from Iraq bombed
For the second consecutive day, pipelines running through southern Turkey have become the target of militant campaigns drawing attention from NATO. ... more
OIL AND GAS

Scotland woos Chinese investors to energy sector
A Scottish delegation on an official trip to Beijing said they wanted to draw Chinese investors into the North Sea oil and natural gas sector. ... more
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OIL AND GAS

Chevron aims at cost reductions of $1 billion
Chevron said it was enacting a hiring freeze at its corporate centers as part of an effort to slash costs by about $1 billion in the weakened market. ... more
OIL AND GAS

Texas oil production up year-on-year
A Texas energy regulator said preliminary estimates show crude oil production in the state increased just over 13 percent in May year-on-year. ... more
OIL AND GAS

Hess posts loss, but notes production gains
Though posting a net loss from exploration and production activities, Hess Corp. said nevertheless production was up 23 percent year-on-year. ... more
OIL AND GAS

Turkish gas pipeline target of terror attack
Violence associated with militant groups operating in eastern Turkey left a natural gas pipeline from neighboring Iran out of service, the government said. ... more
OIL AND GAS

Canada builds on LNG export potential
Canada builds on its natural gas export potential with a decision in favor of a liquefied natural gas project in British Columbia, a regulator said. ... more
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OIL AND GAS

Bleak outlook for oil has Russian investors pulling back
As international sanctions push Russia toward its first recession since 2009, market analysts are predicting a worse outlook for the prices of crude oil, the country's biggest export. ... more
OIL AND GAS

Exxon financing North Dakota housing needs
An Exxon Mobil subsidiary came forward with about a quarter of the funds needed to support affordable housing initiatives in North Dakota, the state said. ... more
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OIL AND GAS

Norwegian company surveying offshore Mexican reserves

OIL AND GAS

AAA: National gas prices down, though volatility endures

OIL AND GAS

BP upbeat after disappointing second quarter

OIL AND GAS

Shale player Encana expects forward momentum

OIL AND GAS

41 more North Sea oil, gas licenses announced

OIL AND GAS

Oil prices drop on Chinese woes

OIL AND GAS

More Job Losses Coming To US Shale

OIL AND GAS

Crude oil shrugs off bear market signs

OIL AND GAS

Experts: Mexican oil could have profound regional impact

OIL AND GAS

Weatherford: Future looks grim

British shale pioneer to push back against local council

Eni reinvigorated by Egyptian gas potential

Shell still on arctic hot seat, advocacy group says

Expert: Gazprom facing dual containment

Methane emissions from natural gas transmission and storage facilities

Oil down, but not out, amid glimmers of hope

Iran deal fuels tussle for gas pipelines in Pakistan

Rig company Hercules posts heavy quarterly loss

Friends and foes debate U.S. energy landscape

Shallow fracking raises questions for water

U.S. reminds rail companies of oil rules

Oil prices lower on weak sentiment

Murkowski breaks rank on oil tie to highway funding

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

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