Oil News and Gas News
October 09, 2015
OIL AND GAS
Statoil contracts rolling for Johan Sverdrup
Stavanger, Norway (UPI) Oct 8, 2015
Norwegian energy company Statoil said it awarded two new contracts to help build the processing platforms for the giant offshore Johan Sverdrup oil field. Engineering companies Dragados Offshore and Kvaerner Verdal landed contracts to help build parts of the platform network for Johan Sverdrup. For engineering and construction company Kvaerner Verdal, it's the third such contract for work in the first phase of operations for the offshore field. The first phase of development at the North ... read more
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OIL AND GAS

Statoil: Oil spilled in North Sea
Norwegian energy company Statoil reported on oil leak Thursday near the Statfjord oil field in the North Sea, though it's too early to guess on volumes. ... more
OIL AND GAS

U.S. crude oil export debate all but over
Threat of a presidential veto on a House measure to lift the U.S. ban on crude oil exports suggests the effort is dead in the water, a refinery group said. ... more
OIL AND GAS

Oil prices brush off Wednesday's falter
Geopolitical issues gave crude oil markets another rally opportunity Thursday after strong U.S. inventory data spoiled a surge in the previous session. ... more
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OIL AND GAS

With Gabon, Tullow ensures output
Getting the nod from the Gabonese government for oil field development will help stimulate West African operations, Tullow Oil said. ... more


OIL AND GAS

Russia: No political issues with Turkish pipeline
There are no political affairs interfering with bilateral talks on building a natural gas pipeline through Turkey, Russian energy company Gazprom said. ... more
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OIL AND GAS

Encana increases shale divestment spree
Canadian energy company Encana said it would use proceeds from the sale of its Colorado shale acreage to add flexibility during the downturn in the oil economy. ... more
OIL AND GAS

China probes former oil chief for graft
China's ruling Communist party said it is investigating the former boss of state-run energy giant Sinopec for alleged corruption - the latest figure in the oil sector to be probed. ... more
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OIL AND GAS

Canada to court Chinese energy investors
The provincial government in Alberta said its energy minister is headed to China to drum up investment interest in the oil and gas sector. ... more
OIL AND GAS

Erdogan warns Russia over Turkey nuclear, gas deals
Turkish President Recep Tayyip Erdogan on Thursday warned Russia that Ankara has alternatives to Moscow for building its first nuclear power plant and importing gas, as tensions rise over the Russian bombing campaign in Syria. ... more
OIL AND GAS

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
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OIL AND GAS

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 AND GAS

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
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OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
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OIL AND GAS

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
OIL AND GAS

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
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OIL AND GAS

PHMSA outlines new guidelines for pipeline safety

OIL AND GAS

China eyes oil markets shake-up with new crude futures contract

OIL AND GAS

Study concluded on 2013 Arkansas oil spill

OIL AND GAS

More Kurdish oil than expected, Gulf Keystone says

OIL AND GAS

Eni takes lead in new Mexican oil era

OIL AND GAS

Statoil researching new energy future

OIL AND GAS

PBF expands refinery reach to California

OIL AND GAS

Oil prices spike on Syria, Chinese growth

OIL AND GAS

German, Russian companies swap gas assets

OIL AND GAS

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

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