Oil and Gas News

November 09, 2015

Sechin: Russia can meet Japan's entire demand for LNG
Tokyo (UPI) Nov 6, 2015
One of the most powerful men in Russia said the country has the reserves on hand to satisfy Japan's entire demand for liquefied natural gas. "Gas resources are available and we are ready to satisfy all Japan's gas demands on the account of our resources," Igor Sechin, the chief executive officer at Russian energy company Rosneft, said. Sechin opened the door Friday to Japanese investments in LNG development plans in the Far East. The invitation came as Russian Prime Minister Dmitry Medve ... read more

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Oil confirmed under Africa's oldest wildlife park Virunga: DRC govt Seismic tests in Democratic Republic of Congo's Virunga National Park, Africa's oldest wildlife reserve which is famed for its mountain gorillas, have confirmed the presence of oil, the Congolese government said Friday. ... more		Obama rejects Canada's Keystone XL pipeline to US US President Barack Obama on Friday blocked the Keystone XL oil pipeline that Canada sought to build into the United States, ruling it would harm the fight against climate change. ... more		BP engineer cleared of obstruction charges in US spill A drilling engineer for British oil giant BP was cleared of obstructing justice during 2010 Gulf of Mexico oil spill, his lawyers said Friday. ... more
				Alberta asked to review Suncor bid for rival A move to involve Alberta regulators in the $3.2 billion takeover launched by Suncor is a "smokescreen" hiding the low-ball offer, Canadian Oil Sands said. ... more		Maersk Oil posts heavy loss Denmark's largest company, Maersk, said it was severely impacted by weak market conditions, with profits for its oil arm down more than 80 percent. ... more

Solar systems for home and business installations

Exxon Mobil calls climate change accusations inaccurate U.S. supermajor Exxon Mobil says it's aware of a New York probe into climate change research, but stressed many of the charges made against it are misleading. ... more		Crude oil slump continues Data showing a continued slowdown in the upstream side of the energy sector pushed crude oil prices well below their midweek peaks in early Friday trading. ... 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		Halliburton raising cash for Baker Hughes grab U.S. oil services company Halliburton said it was offering five tranches of senior notes, using the proceeds to help finance the acquisition of Baker Hughes. ... more
				From where do you want your oil, TransCanada asks The fundamental question over the Keystone XL debate is whether to use domestic oil or oil imported from Venezuela or the Middle East, TransCanada said. ... more		More reserves found offshore Congo West African oil and gas basins are showing signs of growth, with Italian energy company Eni the latest to announce a discovery off the coast of the Congo. ... more

Nuclear Operations and Maintenance Efficiency Summit USA 2015

Justin Trudeau stumps for low-carbon economy During challenging times, Canadian Prime Minister Justin Trudeau said the nation's economy and job growth would revive on the back of cleaner energy. ... more		Oil sector employment in Norway falters Even before the price of crude oil started its steady decline, Norway's government reported employment in the petroleum sector was dwindling. ... 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		Continental Resources expects to produce more Continental Resources, one of the largest oil and gas producers in U.S. shale basins, said it expects output to increase despite market downturn pressures. ... more
Transocean hobbled by weak market Offshore rig company Transocean reported an adjusted net income for the third quarter that was more than 20 percent less than the previous quarter. ... more		Crude oil prices unchanged after previous beating Crude oil prices were flat at the start of the trading day Thursday, as supply-side pressures balance against signs of renewed life in the Chinese economy. ... more		ExxonMobil probed on climate science ExxonMobil is being investigated by New York state on whether it lied to the public about the risks of climate change, a spokesman for New York's top prosecutor said Thursday. ... more		White House tries to move KXL debate above politics 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. ... more

	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

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

Saudi says fossil fuels still needed despite global warming fears		US to pursue Keystone pipeline review		Iran needs years, not months to regain oil status: report		SOCO gives up oil license in proteced DRC park		Oil rally loses steam
Russia expects long slump in oil prices		Refinery issues again pull on retail gasoline prices		Shell, Nigeria accused over oil spill clean up		US military wasted $43 mn on useless gas station: watchdog		Keystone XL decision will come on Obama's watch

Fitch: EU, U.S. firms hurt by energy downturn

Chevron: Production started at shared African oil field

Moody's: No long-term oil threat for Canada

North Dakota shows 3 percent increase in rig activity

Panda Power Funds Coal-To-Natural Gas Power Conversion Project

Shell starts November with asset sales

Stop Blaming OPEC For Low Prices

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

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