Oil and Gas News

August 14, 2015

London to fast-track shale permits
London (UPI) Aug 13, 2015
The British government said Thursday it plans to fast-track the permit process for shale oil and gas exploration to ensure the industry can gain traction. Shale oil and gas exploration is in its infancy in a country looking to reduce its dependency on foreign reserves. The British Geological Survey estimated shale basins in the country may hold more than 1.3 quadrillion cubic feet of natural gas, a level the government said could help an economy with natural gas imports on pace to increase from ... read more

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Venezuela releases former general-turned-Chavez critic: lawyer A former Venezuelan defense minister and ally-turned-critic of the late president Hugo Chavez has been released on parole after spending more than six years in prison on corruption charges, his lawyer said Thursday. ... more		Statoil's giant Johan Sverdrup field takes another step Statoil said Thursday it finished installing one of the first pieces of equipment needed for production from the giant Johan Sverdrup field offshore Norway. ... more		BP's Whiting refinery handicapped for several weeks While BP was officially mum on the issue, at least one petroleum analyst said it may be several weeks before the Whiting refinery is running at full capacity. ... more
				Oil down despite upbeat economic news Crude oil prices started Thursday trading in the red, ignoring emerging positive sentiment from the Greek and Chinese economies. ... more		EIA: Expect more of Iran's oil by next year An increase in Iranian crude oil production of around 600,000 barrels per day is likely in the latter half of next year, a U.S. federal report found. ... more

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Ghana rises for British company Tullow Oil Africa-focused Tullow Oil said it should meet its 2015 production guidance now that operations are up and running ahead of schedule at a major field in Ghana. ... more		France secures LNG from United States French energy company EDF secured a deal for liquefied natural gas drawn from reserves in the United States, Cheniere Energy announced. ... 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		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 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		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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 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
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		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 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		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

	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		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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Crude oil prices mixed to start the week		Iran reports highest crude oil production since 2013		Eastern Colorado shale good to Bill Barrett		U.S. adds rigs in July, Baker Hughes said		Oil prices move ever closer to yearly lows
Canadian oil exports hit low mark for year		Lenders back Azeri gas project with European focus		British support for fracking waning		Iran expecting Italian interest in oil sector		Ankara blames Kremlin for gas pipeline delays

IHS: Energy explorers face strong headwinds

BP commits to new North Sea spending

Statoil marks oil production milestone in Brazil

AAA: Gas prices in steady decline

Exxon expands Texas refinery for lighter crude

North Sea oil, gas set for rebound

Crude oil recovers from rough Monday

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

Warren Buffett And Elon Musk To Spark A Lithium Boom

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

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