Oil and Gas News

October 05, 2015

Statoil invests in North Sea field
Stavanger, Norway (UPI) Oct 2, 2015
Spending $15 million to acquire a stake in a North Sea natural gas prospect will enhance Norwegian and British energy potential, Norway's Statoil said. Statoil announced it spent $15 million to acquire a 24 percent stake in the British license for the Alfa Sentral field from regional counterpart First Oil. "Statoil has set ambitious goals for future activity, production and value creation," Statoil's divisional operations leader Mette Halvorsen Ottoy said in a statement. "This transactio ... read more

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Sep 28

Repsol plans strategic review Spanish energy company Repsol said it would outline specific details about strategic revisions that include substantial layoffs at a mid-October meeting. ... more		PHMSA outlines new guidelines for pipeline safety The U.S. oil and gas industry said it supported a federal proposal to enhance the way operators conduct safety assessments on the nation's network of pipelines. ... more		China eyes oil markets shake-up with new crude futures contract China is seeking to assert its growing influence on global oil markets with a yuan-denominated crude futures contract expected to be launched this year. ... more
				Study concluded on 2013 Arkansas oil spill In a final order, U.S. regulators assessed a $2.6 million civil penalty to Exxon Mobil Pipeline Co. for a 2013 oil spill. ... more		More Kurdish oil than expected, Gulf Keystone says Gulf Keystone Petroleum said third-party estimates show recoverable oil reserves in the Kurdish north of Iraq are at least twice as much as initially expected. ... more

Nuclear Decommissioning And Used Fuel Market 2015

Solar systems for home and business installations

Eni takes lead in new Mexican oil era Italian energy company Eni said it secured a production sharing contract to help develop oil fields off the eastern coast of Mexico. ... more		Statoil researching new energy future Norwegian energy company Statoil said it was teaming up with university researchers to steer development of what it says are sustainable energy solutions. ... 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		PBF expands refinery reach to California Downstream-focused PBF Energy said it was setting up a subsidiary in part to handle the $537 million California refinery business acquired from Exxon Mobil. ... more
				Oil prices spike on Syria, Chinese growth Positive economic data from China and renewed tensions over the conflict in Syria added positive pressure to crude oil prices at the start of Thursday trading. ... more		German, Russian companies swap gas assets German energy company BASF said it was exiting the gas trading and storage business after swapping assets with Russian natural gas company Gazprom. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Crude oil prices rise with exports, U.S. report finds Lifting the ban on exporting U.S. crude oil prices could lead to an increase of $2.50 per barrel for domestic producers, a federal report finds. ... more		TransCanada tries new legal route for Keystone XL Pipeline company TransCanada said it was filing an application with state regulators in Nebraska to build Keystone XL, ending a bid to challenge eminent domain. ... 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		Chesapeake latest oil price casualty U.S. shale player Chesapeake Energy said it was cutting its workforce in order to cope with the long slump in commodity prices. ... more
Iran's cabinet backs draft oil contract outline Iran's Oil Ministry said the executive branch has signed off on the general draft outlining contracts for the post-sanctions era for the country. ... more		Crude oil falters on European deflation Signs of weakening in the European economy put downward pressure on crude oil prices at the start of trading Wednesday in New York. ... more		Fitch gives good grade to Chinese oil company Fitch Ratings gave a strong rating to a Chinese oil exploration and production company in part because of low operating costs and focused spending. ... more		Final leg of new European gas line completed Norwegian energy company Statoil said the last stretch of a 300-mile natural gas pipeline crossing the Arctic Circle has been completed. ... more

	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

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

Kazakhstan: No changes on Kashagan		Halliburton, Baker Hughes extends closing date		Spain seeks to overturn Prestige tanker spill acquittals		Crude oil prices rally on expected output cuts		Shell halts controversial search for Alaskan oil
Shell scraps controversial oil exploration in Alaska		Report: British North Sea won't rebound until 2017		Italy primed for return to Iran's energy sector		BG Group places bet on offshore Canada		Oil prices drop after China industrial profits sink

Texas oil production holds steady

North Dakota rig count up by four

Researchers examine tradeoffs, potential of using liquid natural gas as marine fuel

Iranian, European firms hobnob with eye on post-sanction bliss

White House: Keystone XL concerns remain

Santos starts LNG production in Australia

EIA expects slump in upstream investmentsw/

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

This Is What Needs To Happen For Oil Prices To Stabilize

Greening the electric grid with gas turbines

Venezuela holds military exercise, raising tensions with Guyana

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