Oil and Gas News

August 21, 2015

Shale technology - the new 'Swing' producer that sets global oil prices?
London, UK (SPX) Aug 21, 2015
The emergence of shale technology, particularly in the US, is dramatically challenging the conventional rules of the global oil markets, says Olivier Appert, President of the World Energy Council French Committee. Shale could become be the new 'swing' producer in setting the price of oil on global markets. "For the last 40 years, OPEC has been the major player in setting global oil prices because of its location within OPEC Countries, most specifically in the Middle East. It has been the 'swing' p ... read more

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Saudi Oil Strategy: Brilliant Or Suicide? In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and therefore it role as unofficial guarantor o ... more		The Saudi Oil Price War Is Backfiring Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the maj ... more		Nord Stream pipeline back in service The consortium in charge of a twin pipeline system carrying Russian natural gas through the Baltic Sea said it was finished with routine annual maintenance. ... more
				Russia's Lukoil sells Kazakhstan stake to China's energy giant Russia's largest private oil firm Lukoil has sold some of its Kazakhstan stakes to China's energy giant Sinopec for $1.09 billion, the company said Thursday. ... more		Britain and Iran to reopen embassies as ties thaw Britain and Iran will reopen their respective embassies in the coming days, an Iranian official said Thursday, four years after their closure when protesters angry over nuclear sanctions stormed the UK mission in Tehran. ... more

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Mexican oil swaps sparks calls for full U.S. exports A decision to swap crude oil with Mexico is a much needed step toward a full easing of the ban on domestic oil exports, U.S. production groups said. ... more		BP behind biggest gas spike since Hurricane Katrina The outage at BP's Whiting refinery caused regional gasoline prices to increase at their fastest pace since Hurricane Katrina, the U.S. government said. ... 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		Conservation group questions TransCanada pipeline An eastern Canadian conservation group said TransCanada's planned Energy East oil pipeline would have a negative impact on the regional marine environment. ... more
				U.S. Gulf still national energy priority While low interest in a lease for oil and gas drillers in the U.S. Gulf of Mexico was expected in this market, the region is still a priority, an official said. ... more		Oil storage data drives prices lower Crude oil prices moved lower with the U.S. benchmark moving toward the $40 mark Thursday, though signs continue to indicate economic recovery. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Weak oil market drags on Norway's economy The Norwegian government said Thursday its economy, as measured by gross domestic product, was weakened because of the depressed oil market. ... more		Kremlin: No word yet on Turkish gas pipeline A source close to Russian energy ministry discussions told state media there are no proposals in the Kremlin from Turkey on a proposed natural gas pipeline. ... 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		British shale company nabs more acreage British shale natural gas pioneer Cuadrilla Resources said it was awarded two new licenses to explore the reserve potential in Yorkshire. ... more
Wood Mackenzie: Mexico oil swaps only slight U.S. move Approval for oil swaps with Mexico opens the spigot for U.S. crude oil, but might not be the export indication supporters hope for, an industry analyst said. ... more		Low interest in Gulf of Mexico energy auction Though only five energy companies submitted bids for new acreage in the U.S. Gulf of Mexico, the industry said offshore interest was an economic priority. ... more		Crude oil prices fall despite positive economic news Crude oil prices again moved lower at the start of trading Wednesday despite positive signs from the Greek and Chinese economies. ... more		Revenue cut by pipeline attacks, Kurdish government says The Kurdish government said theft and sabotage targeting an oil pipeline running to the Turkish sea port of Ceyhan has cost it around half a billion dollars. ... more

	US gives Shell permit for Arctic drilling Oil giant Shell has been given final permission for an exploratory drilling project in Alaskan waters, a setback for environmental groups that have strongly opposed the controversial project. ... more		US proposes methane cuts for oil and gas industry US authorities on Tuesday proposed the first-ever federal regulations to cut the potent greenhouse gas methane by limiting emissions from the oil and gas industry. ... more

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

In split with Obama, Clinton opposes Arctic drilling		Rail fading from North Dakota oil transit		BP's Whiting outage behind end to gas price slump		Shell sees offshore Alaska as potentially significant		London opening oil and gas doors
U.S. to lift ban on oil exports to Mexico		North Dakota oil sector showing resiliency		Japan, U.S. rigs ding oil prices		Israel opening offshore gas doors		No U.S. foothold allowed, Iran's supreme leader says

AAA: BP refinery outage means several weeks of expensive gas

Alberta producers review low-carbon agenda

Surveys begin at potential British fracking site

BP to appeal US ruling over gas market manipulation

TransCanada: Study shows pipeline safer than rail

No arrest in crude oil price decline

Rig company Hercules Offshore files for bankruptcy

London to fast-track shale permits

Venezuela releases former general-turned-Chavez critic: lawyer

Statoil's giant Johan Sverdrup field takes another step

BP's Whiting refinery handicapped for several weeks

Oil down despite upbeat economic news

EIA: Expect more of Iran's oil by next year

Ghana rises for British company Tullow Oil

France secures LNG from United States

Report: U.S. incomes increase with oil exports

Oil prices stage minor rally

Shell may get federal permits for Alaska

Lundin reviewing options for North Sea field

OMV says there's opportunity in Iran

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