Oil and Gas News

October 28, 2015

Shale-rich Oklahoma expecting budget squeeze
Oklahoma City (UPI) Oct 27, 2015
The governor of emerging oil and gas state Oklahoma signed an executive order calling for preparations for what's expected to be a challenging budget year. Gov. Mary Fallin signed an executive order calling on all state agencies, boards and commissions to outline plans to cut non-essential expenses by 10 percent for the rest of the fiscal year and for the 2017 fiscal year, which begins July 1, 2016. "I'm asking every agency to start planning for potential spending cuts, and to develop a ... read more

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Supply pressure puts oil prices in free fall Expectations of dwindling production wasn't enough to offset concerns about oversupply, pushing crude oil prices deeper in the red in early Tuesday trading. ... more		Weak oil market not yet caught up with Texas A preliminary estimate of the total crude oil production from Texas, the No. 1 oil producer in the nation, shows output remains resilient, state data show. ... more		Technip to provide pipeline for Libra oil field offshore Brazil Technip, a French engineering company servicing the energy sector, said its latest contract marks a milestone for one of the larger oil fields in Brazil. ... more
				BP retooling for new market climate With oil prices expected to recover only to the $60 per barrel mark by 2017, British energy company BP said it was retooling to fit a new market landscape. ... more		Low oil prices helping U.S. drivers Falling crude oil prices, driven in part by weak global economic growth, means gas prices should keep moving lower for U.S. motorists, analysts said. ... more

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Minor spill is at least third in North Dakota this month A small amount of oil spilled at Dunn County well site, a location at the heart of the North Dakota shale oil boom, the state Department of Health reports. ... more		Iran lays out future upstream investment expectations The exploration and production side of the energy sector needs the bulk of the focus for a re-emerging Iran, a managing director at Iran's oil company said. ... 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		Long-awaited pipeline through Afghanistan moving forward Roughly 15 years in the making, a multilateral agreement on the planned Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline was signed during meetings in Ashgabat, the capital of Turkmenistan. ... more
				A thousand to be jobless because of low oil prices Danish energy company Maersk said it would cut about 12 percent of its workforce as part of an effort to slash operating costs by 20 percent by the end of 2016. ... more		Oil prices drift lower in signs of weakness Signs of steady but slow growth in the global economy pushed crude oil prices lower on the first full trading day of the last week of October. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Has oil-rich North Dakota passed downturn? The number of rigs actively exploring for or producing oil and gas in North Dakota held steady for the third straight week, state data show. ... more		Expect more oil from United Arab Emirates 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. ... 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		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

	Small discovery, but big hopes at Malaysian natural gas field Swedish energy company Lundin Petroleum announced it made a small gas discovery off the coast of Malaysia, where it's placed much of its recent focus. ... more		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

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

Norway reviews ice risk to offshore operations		USGS ties quakes to Oklahoma oil production		Methane from fracking sites can flow to abandoned wells, new study shows		Coalition strikes destroy IS oil field in Syria: spokesman		Statoil boosts recovery at North Sea gas field
Shale player Sanchez upbeat in weak market		Weatherford expects prolonged downturn		Oil prices rise, buck market signals		London welcomes LetterOne divestment from North Sea		Exxon slams report for cherry-picking climate legacy

Gulf should adjust to new oil price 'reality': IMF

Fatality reported at rig in U.S. waters

Shell to drill in deep Canadian waters

BHP Billiton cuts spending in oil division

Baker Hughes woes continue

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

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