Oil and Gas News

November 12, 2015

Oil Megaprojects Won't Stay On The Shelf For Long
London, UK (SPX) Nov 12, 2015
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary. Often these megaprojects projects were only the purview of the largest oil compan ... read more

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Oil dispersants can suppress natural oil-degrading microorganisms The use of chemical dispersants meant to stimulate microbial crude oil degradation can in some cases inhibit the microorganisms that naturally degrade hydrocarbons, according to a new study led by U ... more		EIA: Alberta oil will move by rail Crude oil deliveries from Alberta, Canada, will rely on rail in the wake of the permit refusal for Keystone XL, the U.S. Energy Information Administration said. ... more		Shale-rich Texas keeps chin up during downturn Despite the market downturn, a Texas regulator said oil and gas production in the shale-rich state continued to grow because operators are more efficient. ... more
				Spending down, but West African oil expected to grow Africa-focused Tullow Oil announced plans to keep a lid on spending, but noted one of the larger offshore developments, in Ghana, should launch next year. ... more		Iran's Cabinet signs off on new oil contract terms Cabinet ministers in Iranian President Hassan Rouhani's administration said they endorsed the terms of new oil contracts for a post-sanctions era. ... more

Solar systems for home and business installations

Oil drifts lower on inventory build Supply-side market strains pulled on crude oil prices in early Wednesday trading, with major indices erasing much of the mid-session gains in earlier trading. ... more		Anadarko pulls offer for Apache Corp. Anadarko Petroleum Corp. confirmed Wednesday it made an all-stock non-binding offer to acquire rival company Apache Corp. but later withdrew the bid. ... 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		U.S. shale oil basins to decline 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. ... more
				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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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
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		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		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

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

Steep drop in North Dakota rig count		Marathon Oil divests from Gulf of Mexico		Oil falls as China imports dip, OECD cuts growth outlook		French strike hits IS oil facility in Syria: French defence minister		Sechin: Russia can meet Japan's entire demand for LNG
Oil confirmed under Africa's oldest wildlife park Virunga: DRC govt		Obama rejects Canada's Keystone XL pipeline to US		BP engineer cleared of obstruction charges in US spill		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

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