Oil News and Gas News
August 13, 2015
OIL AND GAS
France secures LNG from United States
Houston (UPI) Aug 12, 2015
French energy company EDF secured a deal for liquefied natural gas drawn from reserves in the United States, Cheniere Energy announced. Cheniere and EDF signed a sales agreement for up to 26 cargoes of LNG from its Sabine Pass export terminal through 2019. "Volumes will be sourced from Cheniere Marketing's LNG supply portfolio, which includes rights under a sale and purchase agreement with Sabine Pass Liquefaction, LLC to purchase any LNG produced from Sabine Pass in excess of that requi ... read more
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OIL AND GAS

Report: U.S. incomes increase with oil exports
Ending the ban on the export of crude oil sourced from U.S. basins would result in a per household labor income increase of $158 per year, a report finds. ... more
OIL AND GAS

Oil prices stage minor rally
Expectations of future growth in energy demand and the potential for a slowdown in U.S. crude oil production gave a modest lift to crude oil prices Wednesday. ... more
OIL AND GAS

Shell may get federal permits for Alaska
Shell may soon get the permits necessary to start drilling into potential oil basins in an exploration well off the coast of Alaska, a federal regulator said. ... more
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OIL AND GAS

Lundin reviewing options for North Sea field
Though considered a minor discovery, the Norwegian government said the latest find from Lundin Petroleum could tie into the larger Edvard Grieg field. ... more


OIL AND GAS

OMV says there's opportunity in Iran
The nuclear agreement with Iran offers attractive options for investments in the energy sector and a chance for Austria's OMV, the company said Wednesday. ... more
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OIL AND GAS

Oil slumps on OPEC supply reports
Disclosure from OPEC that crude oil production was at its highest level since 2012 sent crude oil prices on a downward spiral in early Tuesday trading. ... more
OIL AND GAS

TAPI gas pipeline overshadowing Iran
Regardless of Iran's natural gas ambitions for its eastern neighbors, the Asian Development Bank said it expects "tremendous" benefits from a rival project. ... more
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OIL AND GAS

Sanchez Energy boasts of hefty production gains
Despite reporting a half billion loss in the second quarter, U.S. shale player Sanchez Energy said its total production was up 164 percent year-on-year. ... more
OIL AND GAS

Oil prices fall on oversupply fears
Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of a global glut. ... more
OIL AND GAS

North Dakota rig counts remain relatively stable
The exploration and production side of the North Dakota energy sector is showing signs of stability despite grim forecasts from shale producers, rig data show. ... more
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OIL AND GAS

Iran sees no oil interest yet from U.S. companies
After outlining the terms of new oil contracts in a future post-sanctions era, the Iranian Oil Ministry said it hasn't seen any interest from U.S. companies. ... more
OIL AND GAS

Russia's Gazprom posts quarterly gain
A backlash from European leaders, low oil prices and increased sanctions pressure did little to damage Russia's Gazprom, which posted huge profit gains Monday. ... more
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OIL AND GAS

Crude oil prices mixed to start the week
Crude oil prices staved off another day of declines Monday after Chinese sentiments were aimed to countering fears about economic stability. ... more
OIL AND GAS

Iran reports highest crude oil production since 2013
Iran reported crude oil production for July was the highest level it's been in at least two years, the Organization of Petroleum Exporting Countries said. ... more
OIL AND GAS

Eastern Colorado shale good to Bill Barrett
Colorado energy company Bill Barrett Corp. credited drilling efficiency and targeted spending for the boost in production from the Denver-Julesburg shale basin. ... more
OIL AND GAS

U.S. adds rigs in July, Baker Hughes said
While down year-on-year, oil services company Baker Hughes said Friday there were a net five more rigs deployed across the United States in July than in June. ... more
OIL AND GAS

Oil prices move ever closer to yearly lows
Oversupply fears continued to drag on crude oil prices, which dipped into negative territory Friday after the release of U.S. labor figures for July. ... more
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OIL AND GAS

Canadian oil exports hit low mark for year
Canada reported total oil exports for May were at their lowest level for 2015, though slight increases have emerged while the country moves into recession. ... more
OIL AND GAS

Lenders back Azeri gas project with European focus
Asian and European lenders unveiled a $1 billion finance package Friday to help fund an Azeri natural gas field meant to diversify the European energy sector. ... more
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OIL AND GAS

British support for fracking waning

OIL AND GAS

Iran expecting Italian interest in oil sector

OIL AND GAS

Ankara blames Kremlin for gas pipeline delays

OIL AND GAS

IHS: Energy explorers face strong headwinds

OIL AND GAS

BP commits to new North Sea spending

OIL AND GAS

Statoil marks oil production milestone in Brazil

OIL AND GAS

AAA: Gas prices in steady decline

OIL AND GAS

Exxon expands Texas refinery for lighter crude

OIL AND GAS

North Sea oil, gas set for rebound

OIL AND GAS

Crude oil recovers from rough Monday

US appeals court orders Ecuador to pay $96 mn to Chevron

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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

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