Oil and Gas News

October 24, 2015

Expect more oil from United Arab Emirates
Washington (UPI) Oct 23, 2015
OPEC-member United Arab Emirates could expand oil production by 30 percent by 2020 using a costly recovery technique, a U.S. federal review finds. The United Arab Emirates was the third-largest contributor to oil production from the Organization of Petroleum Exporting Countries last month. September oil production of 2.9 million barrels per day represented a 0.8 percent increase from the previous month. A brief report from the U.S. Energy Information Administration said Emirati productio ... read more

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OMV: Iran not quite ready for investors An investment opportunity exists in the Iranian energy sector, but there are a series of hurdles remaining, Austrian energy company OMV said. ... more		Crude oil loses ground in early Friday trading Crude oil markets shrugged off economic stimulus actions in China and Europe, with key indices dipping into negative territory in early Friday trading. ... more		Murkowski: Why no oil swaps with Mexico? U.S. Sen. Lisa Murkowski, an advocate for repealing a 40-year-old ban on oil exports, said she wants to know why no oil is getting to Mexico under a swap deal. ... more
				Keystone XL still viable, TransCanada says The planned Keystone XL oil pipeline best fits the Liberal agenda for mobilizing Canadian resources in a way that benefits North America, TransCanada said. ... more		Norway's DNO paid for Kurdish oil exports Norwegian oil and gas company DNO announced it became the latest player in the Kurdish oil fields to receive government payments for oil exports. ... more

Solar systems for home and business installations

Russian gas giant: Expansion of pipeline ensures reliability Russian natural gas company Gazprom said expanding the Nord Stream pipeline to Europe adds another layer of security to the region's energy sector. ... more		Norway reviews ice risk to offshore operations Some oil and gas installations in the Barents Sea could be threatened by encroaching sea ice, an investigation from a Norwegian safety regulator found. ... 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		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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

	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

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

Sudan govt accepts invitation to talks with rebels		Canada's Trudeau gets nod for green agenda		More natural gas to leave U.S. market		Uganda troops begin South Sudan pull-out: official		US: Trudeau win will not influence Keystone decision
Iran oil minister brands middlemen 'corrupt parasites'		Number of North Dakota oil drilling rigs hold steady		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

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