Oil and Gas News

October 22, 2015

Gulf should adjust to new oil price 'reality': IMF
Dubai (AFP) Oct 21, 2015
Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the International Monetary Fund says, recommending spending cuts and income diversification. But the oil-rich monarchies remain in a strong position to make the necessary adjustments thanks to the large financial reserves they have built up during years of firmer prices, according to the IMF's regional outlook published Wednesday. "Not only this year, but for the years to come, these countries ... read more

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Fatality reported at rig in U.S. waters A U.S. federal regulator said it opened an investigation into a fatality reported on a drill ship deployed by Chevron in the deep waters of the Gulf of Mexico. ... more		USGS ties quakes to Oklahoma oil production An increase in seismic activity in Oklahoma since 2009 may be in part related to activity associated with oil production, the U.S. Geological Survey finds. ... more		Shell to drill in deep Canadian waters An offshore petroleum regulator in Nova Scotia said Dutch supermajor Shell has consent to start an exploratory drilling program in the region's deep waters. ... more
				BHP Billiton cuts spending in oil division Australian energy company BHP Billiton said it was cutting spending in its petroleum division, but maintained production would stay the same. ... more		Baker Hughes woes continue Rig company Baker Hughes reported a steep decline in revenue from North American operations, stressing its merger with Halliburton was progressing. ... more

Solar systems for home and business installations

Sudan govt accepts invitation to talks with rebels The Sudanese government said Wednesday it has accepted an invitation from the African Union to attend peace talks with the rebel Sudan People's Liberation Movement-North in Addis Ababa next month. ... more		Methane from fracking sites can flow to abandoned wells, new study shows As debate roils over EPA regulations proposed this month limiting the release of the potent greenhouse gas methane during fracking operations, a new University of Vermont study funded by the Nationa ... 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		Canada's Trudeau gets nod for green agenda The premier in the oil-rich Canadian province of Alberta said she was looking forward to working with the next prime minister on environmental protection. ... more
				More natural gas to leave U.S. market The U.S. Energy Department said it approved the export of compressed natural gas from a port in Florida to countries without a U.S. free-trade agreement. ... more		Uganda troops begin South Sudan pull-out: official Uganda's army has begun its pull-out from neighbouring South Sudan, in line with a peace deal aimed at ending nearly two years of civil war, an official said Tuesday. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

US: Trudeau win will not influence Keystone decision Canadian Liberal leader Justin Trudeau's election victory will not influence the United States' eventual decision on the Keystone XL oil pipeline, US Secretary of State John Kerry said Tuesday. ... more		Iran oil minister brands middlemen 'corrupt parasites' Iran's Oil Minister Bijan Zanganeh launched a blistering attack Monday on industry middlemen, branding them "parasites that want to suck the nation's blood" for their own financial benefit. ... 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		Number of North Dakota oil drilling rigs hold steady North Dakota reported Monday that 68 oil rigs are involved in exploration and production in the state, the same figure as last week. ... more
Kurds pay out for oil exports British energy company Genel Energy became the latest company working in the Kurdish north of Iraq to announce government payments for exports. ... more		Iran expects OPEC to review its return The Iranian government aims to reach an agreement with OPEC members regarding its imminent return to global oil markets, a deputy petroleum minister said. ... more		General Dynamics NASSCO building SEA-Vista tanker General Dynamics NASSCO announced construction for a tanker to be built for SEA-Vista Newbuild, a subsidiary of SEACOR Holdings. ... more		Oil well out of control in North Dakota An oil well in western North Dakota is out of control at least three days after a spill was reported, the state Department of Health reported. ... more

	Oil mixed ahead of OPEC meeting A win for a pro-green party in the Canadian election offset market concerns about the outcome of OPEC's next meeting, giving a lift Tuesday to crude oil prices. ... more		Oil slides as China data weighs Oil prices fell sharply Monday on renewed concerns about China's cooling economy after data showed the weakest growth in more than six years and falling industrial production. ... 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 retreats in Asia as China slowdown weighs		China To Continue Expanding Its Influence In The Oil And Gas Sector		United States importing more oil		Russian anti-monopoly board says Gazprom could split		US cancels drilling rights auctions in Alaskan Arctic
Oil and gas companies make green pledge		Oil prices swing positive		EIA reviews Indonesia's OPEC bid		Schlumberger: Market looks challenging		Analysis shows greenhouse gas emissions similar for shale, crude oil

Sanchez completes Texas shale divestment

Deep cuts for Spanish energy company Repsol

US closes book on Exxon Valdez litigation

Iran backs Indonesia as OPEC member

Norwegian slump continues

Kurdish oil player buoyed by payments

Development of giant Norwegian oil field evolving

Crude oil continues steady decline

Putin: Economic crisis has peaked

Total back in French court over Iraq oil-for-food corruption

Platts: No change from OPEC expected

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

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