Oil and Gas News

November 02, 2015

South African waters drawing in energy companies
Stavanger, Norway (UPI) Oct 30, 2015
Southern African waters drew more interest from energy explorers with Norway's Statoil and Italy's Eni wading into Mozambique waters. Statoil and Eni were among those winning bids to explore for potential reserves in the waters off the coast of Mozambique, where depths range from 650 feet to 5,900 feet. Nick Maden, a regional exploration director for Statoil, said Mozambique waters are among the more promising frontier basins in the area, where the oil potential is said to be "significan ... read more

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US firm ordered to pay more over China oil spill: court A Chinese court has ordered US oil giant ConocoPhillips to pay additional compensation to 21 fishermen over an oil spill more than four years ago, a statement said Friday. ... more		Exxon boasts of balance during downturn U.S. supermajor Exxon Mobil said declines in its exploration and production operations were offset by gains downstream, where lower prices actually helped. ... more		PetroChina frets over future growth Net profits are expected to decrease significantly if crude oil prices remain low during the fourth quarter, one of China's largest producers warned. ... more
				Industry lobbies for Atlantic drilling Industry supporters have started an ad blitz in southern U.S. states, arguing offshore oil and gas exploration can exist side-by-side with the environment. ... more		Crude oil prices steady early Friday Crude oil prices stood pat in early Friday trading, as a midweek rally was offset by lingering concerns of macroeconomic growth and geopolitical issues. ... more

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Conoco producing more in over-supplied market Nearly across the board, ConocoPhillips reported net production for the third quarter increased at a time when oversupplies are hurting corporate profits. ... more		New European gas line inching forward A pipeline consortium planning to send more non-Russian gas to the European market said it was on pace to start consortium by next year. ... 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		Day Of Reckoning For U.S. Shale Will Have To Wait 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 rebo ... more
				Canada's Suncor producing more oil Canadian oil company Suncor said production for the third quarter was up 9 percent year-on-year at a time when surplus is driving industry profits down. ... more		Statoil makes debut in South Africa Norwegian energy company Statoil said that, for the first time ever, it was studying the potential reserves off the coast of South Africa. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Shell mulls options offshore Alaska Despite regulatory and exploration setbacks for the arctic waters off the coast of Alaska, Royal Dutch Shell said it was keen on protecting its regional assets. ... more		Norway looks for silver lining in weak oil climate Though lower crude oil prices continue to drag on the Norwegian economy, the government said it expects some form of recovery by late 2016. ... 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		Eni: $55 per barrel oil what we need Italian energy company Eni said it would be able to cover its operational plans for 2015 assuming an average oil price of around $55 per barrel. ... more
New oil production begins in Gulf of Mexico The Big Bend project, a new single-well field online in the Gulf of Mexico, is on pace to reach maximum output before the end of November, Noble Energy said. ... more		Oil mixed after Fed decision Crude oil prices started Thursday in the black, riding the momentum sparked by sentiment from the U.S. Federal Reserve that economic activity was expanding. ... more		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

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

Chemists find better way to pack natural gas into fuel tanks		On the road to ANG vehicles		Eni sells stake in subsidiary Saipem		Crude oil corrects early week losses		Shale-rich Oklahoma expecting budget squeeze
Supply pressure puts oil prices in free fall		Weak oil market not yet caught up with Texas		Technip to provide pipeline for Libra oil field offshore Brazil		BP retooling for new market climate		Low oil prices helping U.S. drivers

Minor spill is at least third in North Dakota this month

Iran lays out future upstream investment expectations

Long-awaited pipeline through Afghanistan moving forward

Has oil-rich North Dakota passed downturn?

A thousand to be jobless because of low oil prices

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

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