Oil and Gas News

August 28, 2015

British shale oil sector gaining momentum
London (UPI) Aug 26, 2015
At least 10 billion barrels of potential oil in place is thought to lie in the Horse Hill shale license area in the south of the country, a British group said. U.K. Oil and Gas Ltd. said an independent assessment from oil services company Schlumberger found a mean 10.9 billion barrels of oil in pace in a 55 square-mile area of the Horse Hill basin. U.K. Oil and Gas Chairman Stephen Sanderson said the independent analysis predicts "significant" oil volumes and gives further support for de ... read more

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Aug 21

Fitch sees Houston at risk from weak oil market Fitch Ratings finds the impact of lower crude oil prices will impact U.S. cities differently, though Houston may be a standout in terms of financial risk. ... more		Transocean mulls steps to navigate weak market Offshore rig company Transocean said it plans to cancel issuance of stock dividends and record $2.1 billion in impairments because of the weak market. ... more		U.S. natural gas production waning A drilling productivity report from the United States finds the Utica shale basin in Ohio is the only one of seven reviewed that's expecting more production. ... more
				Iran wary of foreign control over oil With Iranian sanctions set for U.S. congressional review, Iran's oil minister made it clear there will be no major foreign control over its reserves. ... more		More oil than expected in Norwegian North Sea The national energy regulator in Norway said preliminary results from a North Sea field show a potential increase in estimated recoverable oil reserves. ... more

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Refinery issues skewing U.S. gasoline prices Though at historic lows on average, refinery issues in the United States and higher demand put upward pressure on gasoline prices, retail market analyses find. ... more		Fitch Ratings: Gazprom showing durability While Russian energy company Gazprom is showing durability, its pipeline ambitions in Europe could face geopolitical and economic delays, Fitch Ratings 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		Encana Corp. leaves Louisiana shale In an effort to cut debt, Canadian energy company Encana Corp. said Tuesday it was selling its shale natural gas assets in Louisiana for $850 million. ... more
				Chinese rate cut lifts crude oil prices A Chinese decision to cut a key interest rate, and signs of marginal growth, gave oil prices a lift in Tuesday trading, a day after steep global declines. ... more		Oil sinks as China fears roil markets 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. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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

	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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Shale technology - the new 'Swing' producer that sets global oil prices?		Saudi Oil Strategy: Brilliant Or Suicide?		The Saudi Oil Price War Is Backfiring		Nord Stream pipeline back in service		Russia's Lukoil sells Kazakhstan stake to China's energy giant
Britain and Iran to reopen embassies as ties thaw		Mexican oil swaps sparks calls for full U.S. exports		BP behind biggest gas spike since Hurricane Katrina		Conservation group questions TransCanada pipeline		U.S. Gulf still national energy priority

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

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