Oil and Gas News

August 25, 2015

Oil sinks as China fears roil markets
New York (AFP) Aug 24, 2015
Crude oil prices sank Monday after a plunge in Chinese equities raised fresh fears about China's faltering economy, the largest consumer of energy, and its impact on the global economy. The Shanghai stock market's 8.5 percent dive Monday, its steepest in eight years, roiled markets worldwide, hammering stocks, the dollar and commodities. Oil prices struck new six-year lows in the sell-off as concerns mounted about demand in China, the world's second-largest economy and consumer of crude oil afte ... read more

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Statoil's Polarled pipeline becomes first to cross Arctic Circle Norwegian energy company Statoil said Friday a pipelaying vessel passed a milestone with construction of the Polarled gas pipeline crossing the Arctic Circle. ... more		Gallup: Low gas boosts opinion of energy industry In large part because of lower gasoline prices, a Gallup poll finds that most Americans surveyed said they're warming to the oil and gas sector. ... more		Texas sees growth, but oil will throttle momentum Though job growth in Texas is expected to be strong, the low price of crude oil could throttle some of the forward momentum, the Dallas Federal Reserve said. ... more
				Scotland frets over oil, but posts economic gains The Scottish government said Friday it was on a streak of slow but steady economic growth, but cautioned risks remain from low oil prices and a weak Asia. ... more		More rigs added in North Dakota North Dakota's energy sector continued showing signs of resiliency in the depressed oil market by adding more rigs, state data show. ... more

The World's Largest Commercial Drone Conference and Expo - Sept 9 - Las Vegas

Nuclear Decommissioning And Used Fuel Market 2015

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Russia's Lukoil sells China its stake in Kazakh oil producer Russia's Lukoil said it sold its stake in a Kazakh oil producer to a rival in Beijing just as China's economy falters and Kazakhstan's gets a $1 billion loan. ... more		Both sides framed Keystone XL Pipeline debate in Nebraska As supporters and opponents of the proposed Keystone XL (KXL) Pipeline testified at public hearings in Nebraska between 2010-2013, several interest groups attempted to frame the debate in different ... 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		Australian energy company Santos posts heavy losses After reporting heavy losses in a weakened energy sector, Australian company Santos said Friday it was time to "institute a succession of leadership." ... more
				What's Really At Stake With The Iran Nuclear Deal Recently, I wrote on these pages that a remarkable turnaround was taking place in the President's fortunes. It's an impressive display of rising from the depths of falling popularity last fall, and ... more		Shale technology - the new 'Swing' producer that sets global oil prices? 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 Fr ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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

	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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Oil storage data drives prices lower		Weak oil market drags on Norway's economy		Kremlin: No word yet on Turkish gas pipeline		British shale company nabs more acreage		Wood Mackenzie: Mexico oil swaps only slight U.S. move
US gives Shell permit for Arctic drilling		US proposes methane cuts for oil and gas industry		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

Low interest in Gulf of Mexico energy auction

Crude oil prices fall despite positive economic news

Revenue cut by pipeline attacks, Kurdish government says

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

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