Oil and Gas News

August 01, 2015

OPEC frets over oil price volatility
Moscow (UPI) Jul 31, 2015
The Organization of Petroleum Exporting Countries said in a joint statement with Russia price volatility and oversupply was damaging the market for crude oil. Russian Energy Minister Alexander Novak hosted OPEC Secretary-General Abdullah al-Badri to discuss short-term market tends and long-term prospects in the crude oil market. "It was stressed during the meeting that price volatility and the general oversupply in the oil market observed in recent quarters have been less conducive for m ... read more

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Despite Senate support, oil export debate unsettled A bill passed in the U.S. Senate that would end a ban on crude oil exports was hailed as a geopolitical victory, though opponents questioned the evidence. ... more		Crude oil prices drift lower Crude oil prices fell back into negative territory Friday after midweek gains following status quo statements from OPEC and little gains in the eurozone. ... more		Shell resumes offshore oil drilling in Arctic Oil giant Shell has resumed offshore drilling operations in Alaskan waters, the company said Friday, after one of its icebreakers was delayed for nearly two days by protesters dangling from a bridge. ... more
				Kerry sets off on Mideast trip to Egypt, Doha US Secretary of State John Kerry departed late Friday to Egypt for cooperation talks and to Qatar, where he hopes to ease Gulf countries' concerns about the Iran nuclear deal. ... more		Kurdish oil work secure, British company says Production in the Shaikan oil field in the Kurdish north of Iraq is continuing without disruption despite regional security woes, Gulf Keystone Petroleum said. ... more

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Chevron: Second quarter results are weak Exploration and production operations for Chevron were "particularly hard hit" as it posted a massive year-on-year drop in reported earnings, its CEO said. ... more		BG Group posts poor earnings, but boosts production BG Group, the third largest British oil and gas company, said Friday its earnings fell 65 percent, but still posted an increase in exploration and production. ... 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		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
				U.S. tightens safety for oil transit by rail Regulators are taking another step in ensuring the safe transport of crude oil by rail by mandating better brake monitoring, the transport secretary said. ... more		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

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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		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		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		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
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		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		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		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

	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		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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Scotland woos Chinese investors to energy sector		Chevron aims at cost reductions of $1 billion		Texas oil production up year-on-year		Hess posts loss, but notes production gains		Turkish gas pipeline target of terror attack
Canada builds on LNG export potential		Bleak outlook for oil has Russian investors pulling back		Exxon financing North Dakota housing needs		Norwegian company surveying offshore Mexican reserves		AAA: National gas prices down, though volatility endures

BP upbeat after disappointing second quarter

Shale player Encana expects forward momentum

41 more North Sea oil, gas licenses announced

Oil prices drop on Chinese woes

More Job Losses Coming To US Shale

Crude oil shrugs off bear market signs

Experts: Mexican oil could have profound regional impact

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

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