Oil and Gas News

November 11, 2015

U.S. shale oil basins to decline
Washington (UPI) Nov 10, 2015
Only the Permian shale basin in the southern United States is expected to record a year-on-year increase in oil production, federal data show. The U.S. Energy Information Administration in a monthly report on drilling productivity found most of the seven inland shale basins that account for nearly all of the domestic oil production growth between 2011-14 are now in decline. Energy companies are spending less on exploration and production because lower crude oil prices translate to less c ... read more

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Dispersants fail: Half the spilled BP oil may be on Gulf floor New research suggests a chemical dispersant used in the wake of the BP oil spill failed to help, and may have actually hindered, the cleanup. ... more		Bank of England gauges impact of lower oil prices With about 60 percent of the drop in crude oil prices linked to demand issues, the Bank of England suggested pressure may be negative for the British economy. ... more		EU looks beyond borders for energy Some of the key pillars to strengthening energy security in the European Union lie beyond the bloc's borders, a European energy official said from Brussels. ... more
				Oil giant Saudi Arabia submits carbon-curbing pledge Oil export giant Saudi Arabia submitted its pledge Tuesday to reduce greenhouse gas emissions, a move observers hailed as a step in the right direction. ... more		France strikes IS oil sites in Syria: defence minister The French army has stepped up its bombing campaign against the Islamic State group's oil infrastructure with two new strikes in eastern Syria, Defence Minister Jean-Yves Le Drian said Tuesday. ... more

Solar systems for home and business installations

IEA forecast drags on crude oil prices Expectations that crude oil prices won't return to the $100 per barrel mark anytime soon put downward pressure on the energy market in early Tuesday trading. ... more		Pardon call as anniversary of Saro-Wiwa's death marked in Nigeria Supporters of the Nigerian activist Ken Saro-Wiwa on Tuesday marked the 20th anniversary of his execution as the country's main human rights body called for a posthumous pardon. ... 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		French giant Engie to build China LNG plant 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. ... more
				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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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
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		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		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

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

Alberta asked to review Suncor bid for rival		Maersk Oil posts heavy loss		Exxon Mobil calls climate change accusations inaccurate		Crude oil slump continues		Halliburton raising cash for Baker Hughes grab
From where do you want your oil, TransCanada asks		More reserves found offshore Congo		Justin Trudeau stumps for low-carbon economy		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

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