Oil and Gas News

September 10, 2015

British energy sector bracing for downturn
London (UPI) Sep 9, 2015
The British energy sector should brace for more staff reductions as companies take steps to endure the weak crude oil market, industry body Oil & Gas U.K. said. The industry's lobbying group in its annual report said new spending in exploration and production is expected to fall by up to $6 billion per year over the next three years for its lowest levels since the 1970s. "This great industry of ours is facing very challenging times," the group's chief executive, Deirdre Michie, said in a ... read more

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Contain Iran with oil, U.S. export backers say With Iran expecting to return to the global energy market, U.S. allies need a reliable source of crude oil in the way of exports, a production supporter said. ... more		European caution drags on crude oil prices European caution trumped the market reaction to a surge in the Japanese stock market, sending crude oil prices slightly lower at the opening bell Wednesday. ... more		Norway sees durable energy interest Despite the downturn in the energy market, interest remains strong in developing reserves off the Norwegian coast, a petroleum director said. ... more
				Continental Resources expects steady production Even with a cut in capital spending, Continental Resources said it expects production to be on the high end of its estimates despite an oversupplied market. ... more		Get gas flowing, Noble tells Israeli government Parliamentary support for a framework agreement for Israeli oil and gas development is a welcome step, but full backing is needed, Noble Energy said. ... more

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London issues call to action for energy sector A British energy regulator called for collective action to revive an industry that shed more than 5,000 jobs since crude oil prices moved below $100 per barrel. ... more		Woodside makes bid for rival Oil Search Australian energy company Woodside said Tuesday it made an offer for regional counterpart Oil Search to tap deeper into the Papua New Guinea gas market. ... 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		Iran awaits Austrian energy investments Iran is preparing to welcome Austrian oil and natural gas company OMV back to the energy sector as sanctions pressure eases, a deputy Iranian minister said. ... more
				Oil prices rise after Chinese trade data Oil prices rose Tuesday after better-than-expected Chinese trade data that nonetheless showed lacklustre demand in the world's top energy consumer. ... more		Revenues down for oil-rich Norway The Norwegian government said total revenues for the oil-rich economy were down by nearly 5 percent for the second quarter of 2015. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Baker Hughes: North America adds more rigs The number of rigs actively exploring for or producing oil and natural gas in North America increased by nearly 4 percent, Baker Hughes said Tuesday. ... more		Oil prices mixed after weak Chinese trade data 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. ... 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 Top 3 Slingo Games in 2025		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
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		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		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		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

	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		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

U.S. defense in free fall

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

Maduro, Putin discuss ways to stabilize oil market		Iraqi oil revenue drops in weak market		Study shows how fracking documentary influenced public perception and political change		The World's First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey		Venezuela announces $5-bn Chinese loan for oil sector
Iran puts figure on 2016 oil production goals		Canadian oil sector edging forward		Shell acquisition of BG cleared by Europe		Oil prices edge lower on slow EU		Russian oil company Rosneft reports second-quarter loss

Canadian producer Penn West slashing jobs

Economic jitters send oil prices lower

North Dakota rigs hold steady after rough week

Gas sales give lift to Israel's Delek Group

OPEC: Iran has many projects on tap

Gazprom posts strong sales to Europe

North Dakota gets energy transit grant

Alaska seeks balanced energy agenda

Canada orders Alberta pipeline closures

AAA: U.S. gas prices plummeting

London clears major North Sea gas investment

Texas oil production increased in June

EPA threatened with lawsuit over fracking rules

Canada's oil diversity may be paying off

Kurds pledge oil company payments to boost output

Iran: Low oil prices no production deterrent

EIA: U.S. oil swaps make sense regionally

Rosneft makes Egypt LNG deal; Fitch OMV looks good

China energy giants' H1 profits fall on low oil prices

Obama defends Shell Arctic drilling decision

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