Oil and Gas News

October 23, 2015

Norway reviews ice risk to offshore operations
Oslo, Norway (UPI) Oct 22, 2015
Some oil and gas installations in the Barents Sea could be threatened by encroaching sea ice, an investigation from a Norwegian safety regulator found. The arctic waters of the Barents Sea hold significant oil and gas reserves, but exploiting those reserves comes with significant risk. While Norway has one of the most advanced offshore drilling programs in the world, the International Energy Agency said concerns run the gamut from ecological to economic risks. Arne Kvitrud, an ice expert ... read more

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Coalition strikes destroy IS oil field in Syria: spokesman Air strikes by the US-led coalition destroyed an oil facility run by the Islamic State group in eastern Syria, a spokesman said Thursday. ... more		Statoil boosts recovery at North Sea gas field Norwegian energy company Statoil said boosting recovery rates at a North Sea natural gas field is a win for European energy security. ... more		Shale player Sanchez upbeat in weak market Overall production from U.S. shale player Sanchez Energy was down, though the company said it was still producing more than expected in the weak market. ... more
				Weatherford expects prolonged downturn More layoffs are expected and weakness in the oil markets should continue into 2017, the top executive at oil services company Weatherford International said. ... more		Oil prices rise, buck market signals Crude oil prices recovered lost territory in Thursday trading as the European Central Bank said it was keeping its interest rates unchanged. ... more

Solar systems for home and business installations

London welcomes LetterOne divestment from North Sea The sale of North Sea oil and gas interests by a Russian oil tycoon to a Swiss company will boost the energy sector's potential, the British government said. ... more		Exxon slams report for cherry-picking climate legacy U.S. supermajor Exxon Mobil took aim at climate activists for what the company said were inaccurate and misleading accounts of its position on climate issues. ... 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		Gulf should adjust to new oil price 'reality': IMF 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. ... more
				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		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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
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		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		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

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

Kurds pay out for oil exports		Iran expects OPEC to review its return		General Dynamics NASSCO building SEA-Vista tanker		Oil well out of control in North Dakota		Oil mixed ahead of OPEC meeting
Oil slides as China data weighs		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

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