Oil and Gas News

October 16, 2015

Analysis shows greenhouse gas emissions similar for shale, crude oil
Lemont IL (SPX) Oct 16, 2015
The U.S. Department of Energy's Argonne National Laboratory this week released a pair of studies on the efficiency of shale oil production excavation. The reports show that shale oil production generates greenhouse gas emissions at levels similar to traditional crude oil production. The research, which was conducted in collaboration with Stanford University and the University of California, Davis, analyzed the Eagle Ford shale formation, also called a play, in Texas and the Bakken play mainly in N ... read more

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Sanchez completes Texas shale divestment U.S. shale company Sanchez Energy said it closed on the sale of midstream assets located in the western section of the Eagle Ford basin in southern Texas. ... more		Deep cuts for Spanish energy company Repsol Spanish energy company Repsol said it would sell $7.1 billion in non-core assets through the end of the decade as part of a strategy it says offers flexibility. ... more		US closes book on Exxon Valdez litigation The United States said Thursday it has ended all litigation stemming from the Exxon Valdez oil spill, closing the books on a 25-year legal saga over one of the 20th century's worst environmental disasters. ... more
				Iran backs Indonesia as OPEC member The Iranian government welcomes the eventual return of Indonesia to the Organization of Petroleum Exporting Countries, Iran's oil minister said. ... more		Norwegian slump continues The Norwegian government's statistics office said the total sale of all petroleum products from the country declined in September. ... more

Solar systems for home and business installations

Kurdish oil player buoyed by payments British oil company Gulf Keystone Petroleum said it was reassured about operations in northern Iraq after receiving payments from the Kurdish government. ... more		Development of giant Norwegian oil field evolving Statoil announced more contracts were rolling out for the Johan Sverdrup oil field offshore Norway ahead of the 2019 start of production. ... 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		Crude oil continues steady decline Affirmations that markets still favored the supply side amid sluggish economic growth pushed crude oil prices lower in early Thursday trading. ... more
				Putin: Economic crisis has peaked 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. ... more		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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		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		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

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 rally snaps gas price stability		Lithium Market Set To Explode - All Eyes Are On Nevada		Moroccan shale giving up gas		Oil stages meager rally attempt		Russia sending gas to Ukraine
OMV finds gas in Pakistan		Norway opens probe into North Sea spill		Uganda says it is pulling forces from South Sudan		Statoil squeezing more gas out of North Sea		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

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