Oil and Gas News

September 01, 2015

London clears major North Sea gas investment
London (UPI) Aug 31, 2015
Consent for the $4.5 billion development of the Culzean gas field in the North Sea shows the British government remains committed offshore, a minister said. Danish energy company Maersk said it was given approval to develop the Culzean natural gas field, one of the largest finds in recent years in the British waters of the North Sea. Discovered in 2008, the company said potential reserves could satisfy about 5 percent of British gas demand by the next decade. "Today's announcement sends ... read more

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Texas oil production increased in June A Texas energy regulator said total crude oil production for June, the last full month for complete data, was up around 12 percent year-on-year. ... more		EPA threatened with lawsuit over fracking rules Environmental groups in the United States said they filed legal notice with federal regulators calling for tighter rules on waste tied to hydraulic fracturing. ... more		Canada's oil diversity may be paying off Canadian crude oil exports in the depressed energy market were down for conventional oil but up for heavier oil sands, national data show. ... more
				Kurds pledge oil company payments to boost output A move to issue regular payments to oil companies operating in the Kurdish north of Iraq should help them endure the market downturn, the government said. ... more		Iran: Low oil prices no production deterrent Iran must ignore the lower price of crude oil and work to increase the rate of production to ensure its share of the market, the country's oil minister said. ... more

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EIA: U.S. oil swaps make sense regionally The U.S. crude oil swap agreement with Mexico makes sense for regional refiners looking to bridge the gap between oil grades, the U.S. government said. ... more		Rosneft makes Egypt LNG deal; Fitch OMV looks good Russian energy company Rosneft said Thursday it was marking its frontier entry into the global liquefied natural gas market through a deal in Egypt. ... 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		China energy giants' H1 profits fall on low oil prices China's three biggest energy firms saw their first half net profits slump as low international oil prices and a weak global economy hit the bottom line, they said. ... more
				Obama defends Shell Arctic drilling decision Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic's Chukchi Sea. ... more		Fracking caused Canadian quake: media Fracking by a Canadian subsidiary of Malaysian oil and gas giant Petronas triggered one of the world's largest earthquakes linked to the controversial practice, Canadian media said Wednesday. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

British shale oil sector gaining momentum 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. ... more		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		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		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
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		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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Russia's Lukoil sells China its stake in Kazakh oil producer		Both sides framed Keystone XL Pipeline debate in Nebraska		Australian energy company Santos posts heavy losses		U.S. natural gas production waning		Iran wary of foreign control over oil
More oil than expected in Norwegian North Sea		Refinery issues skewing U.S. gasoline prices		Fitch Ratings: Gazprom showing durability		Encana Corp. leaves Louisiana shale		Chinese rate cut lifts crude oil prices

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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

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