Oil and Gas News

October 08, 2015

Ocean bacteria produces millions of tonnes of hydrocarbons each year
Cambridge, UK (SPX) Oct 07, 2015
An international team of researchers, led by the University of Cambridge, has estimated the amount of hydrocarbons - the primary ingredient in crude oil - that are produced by a massive population of photosynthetic marine microbes, called cyanobacteria. These organisms in turn support another population of bacteria that 'feed' on these compounds. In the study, conducted in collaboration with researchers from the University of Warwick and MIT, and published today (5 October) in the journal Proceedi ... read more

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California shale reserve estimate low A federal revision of the estimated reserves in the Monterey shale oil and gas formation in California is small compared with previous studies, the USGS said. ... more		U.S. oil production to decline Weak economics in the energy sector may lead to a general decline in total U.S. crude oil production, a short-term federal market report finds. ... more		IMF: Low price of oil weakens Iran The Iranian economy is weaker because of low crude oil prices, but sanctions relief could help with recovery beyond 2016, the International Monetary Fund said. ... more
				Israel upbeat on Golan oil potential An Israeli oil and natural gas company estimates there may be enough reserves in the occupied Golan Heights to make the country self-sufficient in energy. ... more		Wood Group lands contract in Kazakhstan Scottish oil field services company Wood Group said it secured a contract to help increase storage capacity at an oil field in Kazakhstan. ... more

Nuclear Decommissioning And Used Fuel Market 2015

Solar systems for home and business installations

U.S. slowdown lifts oil prices Crude oil prices continued a strong forward push Wednesday amid gathering signs the weak market is hurting the trajectory in U.S. shale oil basins. ... more		U.S. non-crude petroleum exports on the rise The export of petroleum products not classified as crude oil has increased by a factor of four in the last decade, the U.S. energy secretary said. ... 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 starts new work offshore Nigeria Royal Dutch Shell said it started operations at the third phase of operations in the deep waters off the coast of OPEC-member Nigeria. ... more
				Woodside defends bid for rival Oil Search Ltd Shareholder value is not protected by raising the $8.1 billion takeover offer for rival Oil Search Ltd., the head of Australian company Woodside Petroleum said. ... more		Oil prices up on word of market review Signs of a slowdown in U.S. exploration and production and moves outside North America to consider market conditions pushed crude oil prices upward Monday. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

North Dakota rig count drops North Dakota nearly erased recent gains in the number of rigs deployed in exploration and production in the shale-rich state, losing three from last week. ... more		BP to pay record $20.8 bln over Gulf of Mexico oil spill: US British energy giant BP will pay a record $20.8 billion to settle government claims for damages stemming from the deadly 2010 Gulf of Mexico oil spill, US Attorney General Loretta Lynch said Monday. ... 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		U.S. settles claims with BP over 2010 spill The U.S. Justice Department announced Monday it reached a settlement with British energy company BP over the 2010 Deepwater Horizon oil spill. ... more
Suncor makes bid for Canadian Oil Sands Ltd. Canadian energy company Suncor Energy said Monday it was making an unsolicited bid to take on the outstanding shares of its rival, Canadian Oil Sands Ltd. ... more		Lundin taps Barents Sea prospect It's expected to take around 40 days to tap into a Barents Sea prospect estimated to hold at least 200 million barrels of oil equivalent, Lundin Petroleum said. ... more		Statoil invests in North Sea field 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. ... more		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

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

Study concluded on 2013 Arkansas oil spill		More Kurdish oil than expected, Gulf Keystone says		Eni takes lead in new Mexican oil era		Statoil researching new energy future		PBF expands refinery reach to California
Oil prices spike on Syria, Chinese growth		German, Russian companies swap gas assets		Crude oil prices rise with exports, U.S. report finds		TransCanada tries new legal route for Keystone XL		Chesapeake latest oil price casualty

Iran's cabinet backs draft oil contract outline

Crude oil falters on European deflation

Fitch gives good grade to Chinese oil company

Final leg of new European gas line completed

Industry praises Shell's arctic safety record

AAA: Refinery issues throttling gas price slide

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

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