Oil and Gas News

October 15, 2015

Putin: Economic crisis has peaked
Moscow (UPI) Oct 14, 2015
Economic decline has reached its peak and Russia is adapting to the new climate of low crude oil prices and sanctions pressures, President Putin said. "We have generally reached the peak of the crisis and overall our economy is gradually adapting to these new economic circumstances" Russian President Vladimir Putin said at an investment conference in Moscow. "Not all of it, but generally, it has adapted." The Russian economy teetered on the brink of recession when entering fiscal year 20 ... read more

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Total back in French court over Iraq oil-for-food corruption French energy giant Total was back in a Paris court Wednesday facing renewed efforts to prosecute it for corruption linked to the UN's "oil-for-food" programme established for Iraq during Saddam Hussein's rule. ... more		Platts: No change from OPEC expected A survey from energy reporting group Platts finds few indications the Organization of Petroleum Exporting Countries will cut production for 2016. ... more		U.S. states feeling pain of low oil prices The low price of crude oil is starting to eat away at the revenue stream for U.S. states that depend heavily on the energy sector, Fitch Ratings said. ... more
				North Dakota senator wants American energy focus North American economies have a chance to buffer against overseas oil shocks by focusing their efforts on domestic trade, North Dakota Sen. John Hoeven said. ... more		Iran's economy resilient, Rouhani says Iranian President Hassan Rouhani said international efforts and sanctions pressures meant to drive the economy back into recession backfired. ... more

Solar systems for home and business installations

E.ON leaves upstream North Sea Germany energy company E.ON sold its entire North Sea exploration division to a company controlled by Russian billionaire Mikhail Fridman. ... more		Inflationary pressures drag on oil Further evidence of cooling in the Chinese economy Wednesday put downward pressure on crude oil prices, struggling to make gains after last week's rally. ... 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		Lithium Market Set To Explode - All Eyes Are On Nevada While other commodities are floundering or completely collapsing in this market, lithium-the critical mineral in the emerging battery gigafactory war-is poised to explode, and going forward Nevada i ... more
				Germany: Russia a key energy partner Russia will remain a key oil and natural gas supplier through its strong connections to the European market, the chairman of Germany's BASF said. ... more		Iran, Indonesia discuss oil markets Indonesia expects to encourage a spirit of investment cooperation in Asia and the Middle East during a trade visit to Iran, the country's energy minister said. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Fitch: Russian oil producers facing headwinds A tax increase on the extractive industries in 2016 should add further downward pressure on the oil sector in Russia, Fitch Ratings said. ... more		Oil rally snaps gas price stability Last week's sharp rally in crude oil prices and ongoing refinery issues left U.S. drivers paying more at the pump for the first time in weeks, analysts said. ... 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		Moroccan shale giving up gas Irish energy company Circle Oil, which focuses on North African basins, said it had remarkable success with the early results from shale basins in Morocco. ... more
Oil stages meager rally attempt Crude oil prices tried to stage a modest recovery in early Tuesday trading, though concerns about oversupply still nibbled on market trajectories long term. ... more		Russia sending gas to Ukraine Natural gas deliveries to Ukraine resumed at the maximum capacity after the payment of outstanding arrears, Russian energy company Gazprom said. ... more		OMV finds gas in Pakistan Austrian energy company OMV said a new natural gas discovery Sindh province in Pakistan means it could potentially boost production in the energy-starved country. ... more		Norway opens probe into North Sea spill A Norwegian safety regulator said it would open an investigation into the oil spill reported last week in the North Sea. ... more

	Uganda says it is pulling forces from South Sudan Uganda's army will leave neighbouring South Sudan by next month, the head of the country's armed forces said Monday. ... more		Statoil squeezing more gas out of North Sea Norwegian energy company Statoil said it may be able to boost recovery rates from the Gullfaks gas field in the North Sea using a novel cost-effective solution. ... 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

North Dakota rig count holds steady		Eni focus on Egypt sharpens		Oil price rally falters		Researchers want oil and gas drillers to adopt geothermal technology		Major reserve discovery confirmed in Golan Heights
Iran announces London oil conference in February		Israel's Delek Group enters North Sea		Statoil: 250 barrels of oil spilled in North Sea		Lundin unloads Indonesian assets		Dalrymple: North Dakota's economy diverse

Statoil contracts rolling for Johan Sverdrup

Statoil: Oil spilled in North Sea

Oil prices brush off Wednesday's falter

With Gabon, Tullow ensures output

Russia: No political issues with Turkish pipeline

Encana increases shale divestment spree

China probes former oil chief for graft

Canada to court Chinese energy investors

Erdogan warns Russia over Turkey nuclear, gas deals

U.S. crude oil export debate all but over

Ocean bacteria produces millions of tonnes of hydrocarbons each year

California shale reserve estimate low

U.S. oil production to decline

IMF: Low price of oil weakens Iran

Israel upbeat on Golan oil potential

Wood Group lands contract in Kazakhstan

U.S. slowdown lifts oil prices

U.S. non-crude petroleum exports on the rise

NYT: Oil export push well-funded machine

Recovery sentiment lifts oil prices

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