Oil and Gas News

September 30, 2015

Final leg of new European gas line completed
Stavanger, Norway (UPI) Sep 29, 2015
Norwegian energy company Statoil said the last stretch of a 300-mile natural gas pipeline crossing the Arctic Circle has been completed. The final piece of the 36-inch diameter Polarled gas pipeline was placed more than 4,000 feet below the surface of the Norwegian Sea in the Aasta Hansteen field. "With this pipeline, we open up for the export of gas to Europe from a completely new area, and with the infrastructure in place it will also be more attractive to explore the area," Statoil pr ... read more

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Industry praises Shell's arctic safety record Despite disappointing results for Shell in arctic Alaskan waters, industry leaders say the $7 billion campaign was a success in terms of safe operations. ... more		AAA: Refinery issues throttling gas price slide Though U.S. refineries are making a blend of gasoline that's cheaper to produce, maintenance issues are keeping consumers prices elevated, AAA said. ... more		Kazakhstan: No changes on Kashagan There are no changes in the operational plans for the giant Kashagan oil field off the coast of Kazakhstan, the country's deputy energy minister said. ... more
				Halliburton, Baker Hughes extends closing date Halliburton and Baker Hughes said they've extended the timing of the earliest close of their merger by three weeks to Dec. 15. ... more		Spain seeks to overturn Prestige tanker spill acquittals Spain's state prosecutor on Tuesday asked the Supreme Court to overturn a lower court's decision to acquit three men over the 2002 Prestige tanker spill, one of Europe's worst environmental disasters. ... more

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Crude oil prices rally on expected output cuts Expectations that U.S. crude oil production will continue to decline gave a lift to oil prices in early Tuesday trading despite lingering market pessimism. ... more		Shell halts controversial search for Alaskan oil Royal Dutch Shell said Monday it was halting its search for oil off the Alaskan coast, with environmentalists claiming a huge victory in their battle to protect local wildlife. ... more		Fossil fuels harm health from 'cradle to grave': report Trash, mulch and security: All jobs for troops in Washington Rising oceans to threaten 1.5 million Australians by 2050: report		Shell scraps controversial oil exploration in Alaska Anglo-Dutch energy giant Royal Dutch Shell said Monday it had scrapped its controversial offshore exploration in Alaska after failing to find sufficient quantities of oil and gas. ... more
				Report: British North Sea won't rebound until 2017 The British oil and gas sector is in a short-term decline with no chance of recovery for at least two years, an industry planner told the Financial Times. ... more		Italy primed for return to Iran's energy sector Iranian President Hassan Rouhani said the conditions are right for Italian energy companies to start working in the country in the post-sanctions era. ... more

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BG Group places bet on offshore Canada British energy company BG Group said it was placing a bet on offshore Canada by acquiring positions from Spanish rival Repsol. ... more		Oil prices drop after China industrial profits sink Oil prices dropped on Monday in the wake of a sharp fall in industrial profits in China, the latest sign of weakness in the world's largest energy consumer. ... more		Sun reverses decades-long decline and shows rising activity AI model predicts harmful solar winds with unprecedented accuracy JUNO begins decade-long mission to probe neutrino mysteries		Texas oil production holds steady Though drilling permits are on the decline, Texas crude oil production held more or less steady month-to-month, state data for July show. ... more
North Dakota rig count up by four North Dakota bucked the nationwide trend by adding more rigs to its state portfolio with the total number increasing by nearly 6 percent. ... more		Researchers examine tradeoffs, potential of using liquid natural gas as marine fuel As the maritime shipping industry transitions toward cleaner fuels in response to new environmental regulations and emissions standards, abundant supplies of natural gas in the United States, and wo ... more		Iranian, European firms hobnob with eye on post-sanction bliss Iranian and European business leaders gathered in Geneva Thursday to explore the massive opportunities expected to open up when years of biting sanctions against Tehran end, although experts warned huge challenges remained. ... more		White House: Keystone XL concerns remain There's nothing in the narrative on the Keystone XL pipeline offered by Hillary Clinton the White House sees as necessarily disagreeable, a spokesman said. ... more

	Santos starts LNG production in Australia Australian energy company Santos announced it is producing its first batch of liquefied natural gas from a facility on Curtis Island, Queensland. ... more		EIA expects slump in upstream investmentsw/ Investment in the exploration and production side of the oil and gas sector could flirt with historic lows if oil prices remain depressed, a U.S. brief said. ... more

Russia launches dozens of drones as Ukraine claims 'important success'

Russian jets violate Estonian air space in 'brazen intrusion'

U.S. defense in free fall

Oil inches lower on Caterpillar, weak jobs report		Norway lowers key rate on oil price drag		Iranian oil conference postponed		Marathon names upstream veteran to board		Shale gas a common-sense energy choice, London says
Chinese optimism gives oil prices minor support		Total making further spending cuts		Oil firms despite China gloom		TransCanada counters Clinton's Keystone XL claims		Putin works to counter impact of low oil prices

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