Oil News and Gas News
September 08, 2015
OIL AND GAS
Oil prices mixed after weak Chinese trade data
Singapore (AFP) Sept 8, 2015
Oil prices were mixed in Asia Tuesday after the latest Chinese trade data showed lacklustre demand in the world's top energy consumer, analysts said. US benchmark West Texas Intermediate for October delivery fell $1.49 to $44.56 while Brent crude for October gained 44 cents to $48.07 in afternoon trade. The Chinese customs administration said Tuesday overseas shipments in August fell 6.1 percent in yuan terms from a year earlier. This compared with a fall of 8.9 percent in July. Imports drop ... read more
Previous Issues Sep 07 Sep 05 Sep 04 Sep 03 Sep 02
OIL AND GAS

Oil prices swing wildly in China uncertainty
Fragile financial markets are grappling with wild swings in world oil prices, unnerved by uncertainty over global supplies and the demand outlook from China. ... more
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Ecuadoran villagers can pursue Chevron in Canada: court
Ecuadoran villagers can seek to enforce in Canada a multibillion-dollar Ecuadoran judgment against US oil giant Chevron on pollution in the Amazon rainforest, Canada's top court said Friday. ... more
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New Zealand takes step toward oil and gas offerings
The New Zealand government is consulting with local communities as a first step toward awarding oil and gas exploration permits, the energy minister said. ... more
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OIL AND GAS

Rubio: Priority No. 1 is lifting U.S. oil export ban
Lifting a ban on U.S. crude oil exports will bring "immediate" economic stimulus to the economy, Republican presidential contender Marco Rubio said. ... more


OIL AND GAS

Crude oil prices unmoved by ECB position
Crude oil prices were holding steady at the start of trading Thursday as markets weighed statements from the European Central Bank and U.S. labor figures. ... more
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OIL AND GAS

Dallas bank upbeat 'except in the energy sector'
A report from the Dallas Federal Reserve said regional economic metrics indicated mostly positive momentum, "except in the energy sector." ... more
OIL AND GAS

North Dakota may tap federal funding for energy transit
More than $10 million in available federal funding to ensure the safe transport of oil and gas is vital for U.S. energy security, a North Dakota senator said. ... more
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Maduro, Putin discuss ways to stabilize oil market
Venezuelan President Nicolas Maduro met in Beijing Thursday with Russian President Vladimir Putin to discuss ways to stabilize oil prices, the government news agency AVN reported. ... more
OIL AND GAS

Iraqi oil revenue drops in weak market
Iraqi revenue generated from oil exports in August was lower than the previous month by nearly $1 billion in part because of low oil prices, data show. ... more
OIL AND GAS

Study shows how fracking documentary influenced public perception and political change
Social scientists have long argued documentary films are powerful tools for social change. But a University of Iowa (UI) sociologist and his co-researchers are the first to use the Internet and soci ... more
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The World's First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey
After decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of U ... more
OIL AND GAS

Venezuela announces $5-bn Chinese loan for oil sector
Venezuelan President Nicolas Maduro announced China has granted his government a $5-billion loan to boost oil output in the recession-hit OPEC state. ... more
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Iran puts figure on 2016 oil production goals
Iranian oil production by the end of 2016 will be in excess of 4 million barrels per day, more than in the pre-sanctions era, the nation's oil minister said. ... more
OIL AND GAS

Canadian oil sector edging forward
Despite working in a weak market, two companies - Husky Energy and ConocoPhillips - announced the start of new oil operations in Canadian oil sands. ... more
OIL AND GAS

Shell acquisition of BG cleared by Europe
Royal Dutch Shell and BG Group announced their planned merger received unconditional approval Wednesday from the European Commission. ... more
OIL AND GAS

Oil prices edge lower on slow EU
Chinese economic woes have added downward pressure to crude oil prices, though markets extended losses Wednesday on weak European economic data. ... more
OIL AND GAS

Russian oil company Rosneft reports second-quarter loss
Russian oil company Rosneft said profits for the second quarter were down because of market and currency volatility, but performance was better than expected. ... more
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OIL AND GAS

Canadian producer Penn West slashing jobs
Canadian oil and gas producer Penn West Petroleum said it would cut more than 400 jobs, or around 35 percent of its workforce, to endure a weak oil market. ... more
OIL AND GAS

Economic jitters send oil prices lower
Weak inflationary sentiment for the energy sector in Europe and Chinese reactions to stock market declines pushed crude oil prices lower in Monday trading. ... more
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OIL AND GAS

Gazprom posts strong sales to Europe

OIL AND GAS

North Dakota gets energy transit grant

OIL AND GAS

Alaska seeks balanced energy agenda

OIL AND GAS

Canada orders Alberta pipeline closures

OIL AND GAS

AAA: U.S. gas prices plummeting

OIL AND GAS

London clears major North Sea gas investment

OIL AND GAS

Texas oil production increased in June

EPA threatened with lawsuit over fracking rules

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Kurds pledge oil company payments to boost output

Iran: Low oil prices no production deterrent

EIA: U.S. oil swaps make sense regionally

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China energy giants' H1 profits fall on low oil prices

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British shale oil sector gaining momentum

Fitch sees Houston at risk from weak oil market

Transocean mulls steps to navigate weak market

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More rigs added in North Dakota

Russia's Lukoil sells China its stake in Kazakh oil producer

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