Oil and Gas News

November 10, 2015

French giant Engie to build China LNG plant
Paris (AFP) Nov 9, 2015
French energy giant Engie announced Monday the creation of a joint business with Chinese partner Shaanxi Houde Tonxing to build a liquefied natural gas (LNG) plant in the Asian giant's northwest. Engie will hold 35 percent of the joint venture to build the plant in an industrial park in the northwestern province of Shaanxi, in return for investment worth around 200 million euros ($215 million), it said in a statement. The first stage of the project, with a capacity of 250,000 tonnes of LNG a yea ... read more

Previous Issues

Nov 09

Nov 07

Nov 06

Nov 05

Nov 04

Keystone XL decision may indicate changing energy landscape U.S. and Canadian statements regarding the decision on the Keystone XL oil pipeline may reflect a changing energy landscape in North America. ... more		Maersk joins African oil explorers Despite reporting weak results in the third quarter, Maersk Oil said it was taking a long view with new investments in onshore acreage in Kenya and Ethiopia. ... more		Oil output from Russian arctic waning A lack of infrastructure in the arctic north of Russia is putting a moderate throttle on the region's oil production, an area governor said. ... more
				Steep drop in North Dakota rig count Catching up with a national trend showing declines in the exploration and production sector, North Dakota reported an 8.5 percent drop in rig activity. ... more		Marathon Oil divests from Gulf of Mexico To an undisclosed buyer, Marathon Oil Corp. said it signed a deal to unload the majority of its assets in the Gulf of Mexico already in production. ... more

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Oil falls as China imports dip, OECD cuts growth outlook Oil prices fell for the fourth straight session Monday as traders weighed lowered OECD global growth forecasts and weak Chinese crude imports against abundant supplies. ... more		French strike hits IS oil facility in Syria: French defence minister The French army on Sunday bombed an oil supply centre held by the Islamic State group in eastern Syria, Defence Minister Jean-Yves Le Drian announced Monday. ... 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		Sechin: Russia can meet Japan's entire demand for LNG 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. ... more
				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

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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		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		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
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		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		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

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 sector employment in Norway falters		Continental Resources expects to produce more		Transocean hobbled by weak market		Crude oil prices unchanged after previous beating		ExxonMobil probed on climate science
White House tries to move KXL debate above politics		U.S. shale leader Range sells Virginia shale assets for $876M		U.S. shale player shows signs of life		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

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