Oil and Gas News

September 11, 2015

Fitch: Woodside stable after Oil Search bid
Sydney (UPI) Sep 10, 2015
While there's no immediate risk, Fitch Ratings said there may be marginal issues if Australia's Woodside Petroleum acquires rival Oil Search Ltd. Woodside made a non-binding offer Tuesday for Oil Search to tap deeper into the Papua New Guinea gas market. Woodside is Australia's largest oil and gas company, serving as the operator of the giant Pluto liquefied natural gas project in the country. Oil Search, meanwhile, has a strong position of its own in the liquefied natural gas market. ... read more

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Sep 10

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Sep 05

EIA lowers oil production forecasts Seasonal factors offshore and weak economics onshore are expected to lead to a decline in U.S. crude oil production, a federal report said. ... more		Honor ceiling, Iran tells OPEC The Organization of Petroleum Exporting Countries will have to review production levels to make room for Iran or face consequences, Iran's Oil Ministry said. ... more		Ontario refineries shove foreign oil aside Refineries in Ontario have shifted from foreign to domestic supplies of crude oil in the 14 years ending in 2014, the national energy regulator said. ... more
				U.S. labor figures lift crude oil prices Positive momentum in the U.S. labor market helped offset concerns about lowered forecasts for oil, giving key price indices a lift in early Thursday trading. ... more		Italy's Eni sees Cyprus role in Egyptian gas development Italian energy company Eni said the republic of Cyprus could serve as a strategic energy hub and a possible conduit for future Egyptian natural gas supplies. ... more

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China to launch new crude oil benchmark China plans to launch a yuan-denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday. ... more		British energy sector bracing for downturn 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. ... 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		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

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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		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		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		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
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		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		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

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Oil prices swing wildly in China uncertainty		Ecuadoran villagers can pursue Chevron in Canada: court		New Zealand takes step toward oil and gas offerings		Rubio: Priority No. 1 is lifting U.S. oil export ban		Crude oil prices unmoved by ECB position
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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

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