Oil and Gas News

October 20, 2015

China To Continue Expanding Its Influence In The Oil And Gas Sector
London, UK (SPX) Oct 15, 2015
Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia's oil refining industry as well. But China's oil investments didn't stop there; they also pursued oil producing Canadian assets in 2011-12. When it comes to Chinese energy industry, there are three major state owned companies. One is called China ... read more

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United States importing more oil Total U.S. crude oil imports increased by more than 3 percent for the week ending Oct. 9, data from the U.S. Energy Information Administration show. ... more		Russian anti-monopoly board says Gazprom could split Russian natural gas company Gazprom could be divided into separate production and transportation groups, a federal anti-monopoly service said. ... more		US cancels drilling rights auctions in Alaskan Arctic The United States has announced it is calling off two auctions for oil and gas drilling rights in the Arctic off Alaska and has denied requests for lease extensions by Shell and Statoil. ... more
				Oil and gas companies make green pledge European and Middle East companies announced they're committed to playing a constructive role in reducing the intensity of global greenhouse gas emissions. ... more		Oil prices swing positive Indications the Chinese economy may be bigger than expected, and Beijing pledges to ease poverty, helped lift crude oil prices in early Friday trading. ... more

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EIA reviews Indonesia's OPEC bid Despite its bid to reactivate its membership in OPEC, Indonesia will likely need to import more oil to meet its domestic demand, a U.S. analysis said. ... more		Schlumberger: Market looks challenging Revenue from North American operations alone dropped 4 percent in the third quarter as the oil business environment declined further, Schlumberger said. ... more		Cosmic krypton timestamps reveal Australia landscape evolution and resources Fire on Ice: The Arctic's Changing Fire Regime Warming trend to intensify crop droughts across Europe and beyond		Analysis shows greenhouse gas emissions similar for shale, crude oil 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 gene ... more
				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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		NASA and DOE plan fission power plant on Moon by 2030 Berkeley Scientists set to home in on 100 signals from Seti at Home Firefly prepares Alpha Block II upgrade for Flight 8		Norwegian slump continues The Norwegian government's statistics office said the total sale of all petroleum products from the country declined in September. ... more
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		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		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

GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles

Danish PM says Greenland showdown at 'decisive moment' after new Trump threats

Russia claims Oreshnik missile hit Ukrainian aviation plant

U.S. states feeling pain of low oil prices		North Dakota senator wants American energy focus		Iran's economy resilient, Rouhani says		E.ON leaves upstream North Sea		Inflationary pressures drag on oil
Germany: Russia a key energy partner		Iran, Indonesia discuss oil markets		Fitch: Russian oil producers facing headwinds		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

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