Oil and Gas News

August 07, 2015

Could WTI Trade At A Premium To Brent By Next Year?
Washington DC (SPX) Aug 07, 2015
A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. Goldman Sachs is even predicting oil stays at $50 through 2020, a profoundly grim view of the state of oil supplies. On the other hand, the contraction in U.S. shale is underway, so it is just a matter of time before the mismatch between supply and demand balances out. ... read more

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Aug 06

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Aug 03

Aug 02

Gas prices could keep falling, AAA says The national average retail price for a gallon of gasoline is falling quickly, a trend expected to continue for the remainder of the year, motor club AAA said. ... more		U.S. energy group wants oil and gas in presidential debate mix With the first debate coming this week, the American Petroleum Institute said it wants to hear how presidential candidates will navigate the era of abundance. ... more		High supply, underperforming economy, drag on oil prices Lingering concerns about oversupply and the health of the Chinese economy pulled oil prices lower in Thursday trading, with key indices approaching 2015 lows. ... more
				Pioneer bucks trend by planning more rigs in Texas Despite posting a loss for the second quarter, Pioneer Natural Resources said it would increase its capital budget for the second half and add more rigs. ... more		Rights campaigners blast inaction on Nigeria oil pollution Shell's efforts to deal with oil pollution in the Niger Delta remain "utterly ineffective" four years after a landmark UN report called for a $1 billion clean-up, rights campaigners said Thursday. ... more

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Bakken outperforms for Marathon Production from the Bakken shale play in North Dakota was a standout in terms of gains for Marathon Oil, which posted a $386 million loss in the second quarter. ... more		Lundin revises production guidance for 2015 Swedish energy company Lundin Petroleum said Wednesday it was cutting its production guidance for the year, but expects a rebound in the years ahead. ... 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		Iran expecting Italian interest in oil sector With hundreds of business executives in Tehran, the Iranian government said it expects to broker some form of energy deal with Italian companies. ... more
				Ankara blames Kremlin for gas pipeline delays Turkish Energy Minister Taner Yildiz said there were delays in planning on the Russian side in developments of the planned Turkish Stream gas pipeline. ... more		IHS: Energy explorers face strong headwinds The depressed crude oil market could limit the borrowing options for North American exploration and production companies, analysis finds. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

BP commits to new North Sea spending Though the global energy sector is crimping available revenue streams, BP said Wednesday it planned billions of dollars of spending in the North Sea. ... more		British support for fracking waning A survey from the British government found waning support for the extraction of shale natural gas in the country, with opposition linked to awareness. ... 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		Statoil marks oil production milestone in Brazil Norwegian energy company Statoil said Tuesday it achieved a production milestone at a field off the coast of Brazil by passing the 100 million barrel mark. ... more
AAA: Gas prices in steady decline A weakening market for crude oil and the resolution of U.S. refinery issues has pushed retail gasoline prices down for 20 days straight, motor club AAA found. ... more		Exxon expands Texas refinery for lighter crude Exxon Mobil said Tuesday it was increasing the capacity for processing light crude oil grades at a Texas refinery in order to exploit gains in U.S. production. ... more		North Sea oil, gas set for rebound After several years of declines and escalating costs, a British energy report suggests oil and gas production from the North Sea is set for a rebound. ... more		Crude oil recovers from rough Monday Crude oil prices recovered Tuesday from a weak opening to August as China pursued market stabilization, though sluggishness continues in the European economy. ... more

	US appeals court orders Ecuador to pay $96 mn to Chevron A US federal appeals court on Tuesday upheld a $96 million award that Ecuador must pay oil giant Chevron in an arbitration of their dispute over Chevron's investments in the country. ... more		Warren Buffett And Elon Musk To Spark A Lithium Boom The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium i ... more

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Oil prices start August with a thud		North Dakota oil activity stable		Adriatic oil, gas exploration raises concerns for Croatia tourism		US to speed up arms sales to Gulf after Iran deal: Kerry		Kurds announce oil payment mechanism
BG Group churns out more Brazilian oil		OPEC frets over oil price volatility		Despite Senate support, oil export debate unsettled		Crude oil prices drift lower		Shell resumes offshore oil drilling in Arctic

Kerry sets off on Mideast trip to Egypt, Doha

Kurdish oil work secure, British company says

Chevron: Second quarter results are weak

BG Group posts poor earnings, but boosts production

Saudis Expand Price War Downstream

U.S. tightens safety for oil transit by rail

Natural seeps likely cause of California sheen

Ghana to put West Africa on oil radar

Shell expects prolonged oil market downturn

Oil rebounds on strong U.S. economic data

Kurdish oil secured, Norwegian company says

Analyst: Iranian gas no panacea for Pakistan

Judge fines Greenpeace for blocking Shell Oil ship

Activists hang from US bridge to block Shell Oil ship

As desert encroaches, Niger turns to natural gas

Turkish oil pipeline from Iraq bombed

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

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