Oil and Gas News

November 03, 2015

West Africa drawing oil interest
Melbourne (UPI) Nov 2, 2015
West Africa continues drawing interest from explorers, with Australia's FAR Ltd. announcing the start of work in a basin in Senegal described as world class. Far Ltd. said it started an appraisal program in three wells in what it categorized as the SNE oil discovery off the coast of Senegal. The company said it was evaluating the potential for commercial operations in a basin said to hold at least 200 million barrels of oil. "This drilling program has the potential to create considerable ... read more

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Inspector warns natural gas project in Afghanistan is too costly The Special Inspector General for Afghanistan Reconstruction says the United States may be spending too much on natural gas in Afghanistan. ... more		Iran talking energy with European companies Iran said it's been vetting interest from major European energy companies eager to wade into the oil and gas sector once sanctions pressures ease. ... more		Moody's: No long-term oil threat for Canada Canadian provinces may miss their short-term budget targets because of lower oil prices, though balance is expected long term, Moody's said. ... more
				North Dakota shows 3 percent increase in rig activity In a further sign the worst may be over for North Dakota, the state reported an increase in the number of rigs exploring for or producing oil and natural gas. ... more		Panda Power Funds Coal-To-Natural Gas Power Conversion Project Panda Power Funds has financed the 1,124 megawatt Panda "Hummel Station" power plant - one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be locate ... more

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Shell starts November with asset sales After reporting heavy losses for the third quarter, Royal Dutch Shell said Monday it sold off stakes in Chinese and French holdings in the downstream sector. ... more		Stop Blaming OPEC For Low Prices We are a little more than a month away from OPEC's next meeting, which will be held in Vienna on December 4, 2015. OPEC altered the course of the oil markets last year when it decided to cast aside ... 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		Oil prices subdued in Asia on weak China manufacturing Oil prices were subdued in Asia Monday on data showing that the key manufacturing sector in China, the world's top energy consumer, shrank in October for the third straight month. ... more
				Environmental cost of tapping alternate sources for water, oil Saudi Arabia is known as one of the top oil producing countries in the world. However, it may have never earned that reputation if not for a quest to find fresh drinking water in the late 19th centu ... 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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

South African waters drawing in energy companies Southern African waters drew more interest from energy explorers with Norway's Statoil and Italy's Eni wading into Mozambique waters. ... more		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		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		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		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

	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

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

Shell mulls options offshore Alaska		Norway looks for silver lining in weak oil climate		Eni: $55 per barrel oil what we need		New oil production begins in Gulf of Mexico		Oil mixed after Fed decision
Anadarko drilling for less in U.S. shale		Canadian market forces Shell's hand		France secures more LNG from United States		Oil company Hess posts fourth straight loss		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

Day Of Reckoning For U.S. Shale Will Have To Wait

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?

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