Oil and Gas News

November 13, 2015

RWE holding outlook steady in weakened market
Essen, Germany (UPI) Nov 12, 2015
German energy company RWE said it was on pace to meet full-year income expectations despite the market downturn, thanks in part to its renewables division. For the first three quarters of the year, earnings before interest, taxes, depreciation and amortization - the income the company has free for interest payments - was down 6 percent from the same period last year to $4.7 billion. Operating results were down 9 percent to $2.8 billion. The company, along with its peers focused on oil ... read more

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OPEC sees short-term balance in U.S. oil production Shale oil production in the Lower 48 is on the decline, thought total U.S. oil production may be supported by growth in the Gulf of Mexico, OPEC said. ... more		Rail industry weakened by low oil prices Leasing rates for rail cars slated to carry crude oil throughout the North American market have plummeted along with the crude oil prices, analysis finds. ... more		Stand-still economy drags on oil prices Few signs of global economic momentum pushed crude oil prices sharply lower in early Thursday trading, as slow U.S. growth balances tepid global gains. ... more
				Munitions cleared from Russian gas pipeline Operators of a pipeline bringing Russian gas to Europe said munitions found near the infrastructure were cleared from the Swedish waters of the Baltic Sea. ... more		G20 nations spend $452 bn a year supporting fossil fuels: study The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate change, according to a study released on Thursday. ... more

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Encana Corp. production up 35 percent Shale-focused Encana Corp. said its overall production was up 35 percent from last year, even as oversupplies drag on crude oil price and profits. ... more		TransCanada wins Mexican gas pipeline contract Pipeline company TransCanada said it will expand its footprint in the Mexican energy sector by building a 155-mile natural gas pipeline in the center of the country. ... 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		Oil Megaprojects Won't Stay On The Shelf For Long 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 ... more
				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

Nuclear Operations and Maintenance Efficiency Summit USA 2015

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		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		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
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		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		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

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 giant Saudi Arabia submits carbon-curbing pledge		France strikes IS oil sites in Syria: defence minister		IEA forecast drags on crude oil prices		Pardon call as anniversary of Saro-Wiwa's death marked in Nigeria		French giant Engie to build China LNG plant
Keystone XL decision may indicate changing energy landscape		Maersk joins African oil explorers		Oil output from Russian arctic waning		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

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