Oil and Gas News

November 04, 2015

Russia expects long slump in oil prices
Moscow (UPI) Nov 3, 2015
In a potential blow to a weakened Russian economy, the head of the Russian Central Bank said there may be a sustained slump in crude oil prices. A price of around $45 per barrel for the global benchmark, Brent, is about 45 percent lower than this date in 2014 and about 20 percent below the start of 2015. Weak global economic growth and increases in crude oil production means markets favor the supply side, pushing prices lower. Russian Central Bank Chief Elvira Nabiullina said there may b ... read more

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Refinery issues again pull on retail gasoline prices The average retail price for gasoline in the United States was again skewed higher by refinery issues in the Midwest, motor club AAA said. ... more		Shell, Nigeria accused over oil spill clean up Shell was on Tuesday accused of making false claims about the extent of its oil spill clean-up operations in Nigeria and urged to take more action to help worst-hit communities. ... more		US military wasted $43 mn on useless gas station: watchdog The US military used $43 million of taxpayer dollars for a natural gas station in northern Afghanistan that should have cost just $500,000, the government watchdog for reconstruction in the war-torn country said Monday. ... more
				Keystone XL decision will come on Obama's watch A decision on the Keystone XL oil pipeline from Canada is expected at some point during the Obama presidency, a White House spokesman said. ... more		Fitch: EU, U.S. firms hurt by energy downturn Fitch Ratings agency said the low price of crude oil and natural gas is damaging the economics for players in the U.S. and European markets. ... more

Solar systems for home and business installations

Chevron: Production started at shared African oil field Chevron said the development of oil reserves straddling the maritime border of the Republics of Congo and Angola could serve as a model for Africa. ... more		West Africa drawing oil interest 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. ... 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		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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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		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		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		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

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

PetroChina frets over future growth		Industry lobbies for Atlantic drilling		Crude oil prices steady early Friday		Conoco producing more in over-supplied market		Canada's Suncor producing more oil
Statoil makes debut in South Africa		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

New European gas line inching forward

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

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