Oil and Gas News

November 05, 2015

White House tries to move KXL debate above politics
Washington (UPI) Nov 4, 2015
The White House said it was working to shield the debate over the Keystone XL oil pipeline from partisan debates and focus instead in the project's merits. Pipeline planner TransCanada asked the U.S. State Department, charged with vetting the project, to pause a review process while the route for the pipeline is under review in Nebraska. The pipeline has become a scapegoat for political debates over North American energy policy, with supporters touting its potential to stimulate the economy and ... read more

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U.S. shale leader Range sells Virginia shale assets for $876M U.S. shale leader Range Resources said it was selling off its holdings in Virginia to bring value forward at a time when the industry is in a downturn. ... more		U.S. shale player shows signs of life U.S. shale player ONEOK Partners announced good earnings in the third quarter and anticipates future growth in its natural gas volumes. ... more		Saudi says fossil fuels still needed despite global warming fears Leading crude exporter Saudi Arabia supports efforts to limit global warming but believes fossil fuels should remain part of the world energy mix, Oil Minister Ali al-Naimi said on Wednesday. ... more
				US to pursue Keystone pipeline review The United States said Tuesday it would carry on with its review of the controversial cross-border Keystone XL oil pipeline project despite a request from builder TransCanada for a pause in the process. ... more		Iran needs years, not months to regain oil status: report Iran's ambition to regain its full oil export capacity after the lifting of international sanctions is likely to take several years rather than months, a report said on Wednesday. ... more

Solar systems for home and business installations

SOCO gives up oil license in proteced DRC park British oil company SOCO International said it no longer held a stake in an exploration license located in a DRC national park, home to mountain gorillas. ... more		Oil rally loses steam Crude oil prices lost some momentum in early Wednesday trading, after a rally sparked in part by labor strikes in the Brazilian oil sector. ... 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		Russia expects long slump in oil prices 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. ... more
				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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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
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		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

	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

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 subdued in Asia on weak China manufacturing		Environmental cost of tapping alternate sources for water, oil		West Africa drawing oil interest		Inspector warns natural gas project in Afghanistan is too costly		Iran talking energy with European companies
South African waters drawing in energy companies		US firm ordered to pay more over China oil spill: court		Exxon boasts of balance during downturn		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

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