Oil and Gas News

October 29, 2015

Day Of Reckoning For U.S. Shale Will Have To Wait
London, UK (SPX) Oct 28, 2015
October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. But banks appear to be taking a more lenient approach than expected. A new Jeffries report says that only $450 million in borrowing bases have been cut, across more than 20 companies. That amounts to just 2 percent of available credit lines, much lower than the 15 percent reduction expected by anal ... read more

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Anadarko drilling for less in U.S. shale While taking a hefty loss for the quarter, U.S. oil and gas company Anadarko Petroleum said it was able to improve costs at operations in domestic shale basins. ... more		Canadian market forces Shell's hand An uncertain market and the lack of infrastructure needed to move Canadian oil to the global market means it's time to scrap an Alberta oil project, Shell said. ... more		France secures more LNG from United States French energy company ENGIE, formerly GDF Suez, said it signed a deal to secure liquefied natural gas from proposed export facilities in the United States. ... more
				Oil company Hess posts fourth straight loss U.S.-focused oil producer Hess Corp. said it was taking a disciplined approach to its business operations after posting its fourth consecutive quarterly loss. ... more		Chemists find better way to pack natural gas into fuel tanks A new and innovative way to store methane could speed the development of natural gas-powered cars that don't require the high pressures or cold temperatures of today's compressed or liquefied natura ... more

Solar systems for home and business installations

On the road to ANG vehicles With new makes of all-electric and hybrid automobiles seeming to emerge as fast as the colors of fall, it is easy to overlook another alternative to gasoline engines that could prove to be a major p ... more		Eni sells stake in subsidiary Saipem Italian energy company Eni said it was selling shares in its oil services subsidiary Saipem to finance the development of its oil and natural gas reserves. ... 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		Crude oil corrects early week losses Crude oil prices recovered some lost ground in early Wednesday trading, though most signs continue to show the markets are heavily favoring the supply side. ... more
				Shale-rich Oklahoma expecting budget squeeze 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. ... more		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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		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

	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		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

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 prices drift lower in signs of weakness		Expect more oil from United Arab Emirates		OMV: Iran not quite ready for investors		Crude oil loses ground in early Friday trading		Murkowski: Why no oil swaps with Mexico?
Keystone XL still viable, TransCanada says		Norway's DNO paid for Kurdish oil exports		Small discovery, but big hopes at Malaysian natural gas field		Russian gas giant: Expansion of pipeline ensures reliability		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'

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