Oil and Gas News

November 18, 2015

Experts recommend modeling to avoid earthquakes resulting from fracking
Ottawa, Canada (SPX) Nov 17, 2015
Using computer analysis prior to drilling could limit seismic events as a result of hydraulic fracturing, according to new research published in the Canadian Geotechnical Journal. Hydraulic fracturing, also known as "fracking", is used to break the subsurface rock mass into pieces and is done by injecting high-pressure fluid. While this gives the fluid or gas more paths to reach production wells, it also leads to several environmental problems, one of which is the unwanted shaking of the ground st ... read more

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No luck in drilling for oil and gas in Kenya Despite earlier optimism about the reserve potential in frontier African oil and gas basins, Tullow Oil said it came up empty handed in its efforts in Kenya. ... more		Maersk gets nod for Kurdish oil work Danish energy company Maersk Oil said it received approval to start an oil field development plan in the Kurdish north of Iraq. ... more		Australia says 'no' to BP A regulator charged with vetting plans for offshore Australia said it wasn't satisfied with an environmental plan submitted by British energy company BP. ... more
				Oil markets moving on economic concerns Crude oil prices shifted less on geopolitical concerns and more on market fundamentals, losing ground in Tuesday trading on growing concerns about Europe. ... more		Statoil pulls out of Alaskan Arctic after Shell Norway's Statoil said Tuesday it was giving up its exploration licences in Alaska after its Anglo-Dutch rival Shell threw in the towel in September because of disappointing oil and gas finds. ... more

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Gas prices flirting with historic low Low oil prices and the ending of a season of heavy refinery maintenance are pushing the U.S. average price for gas close to a historic record, analysts say. ... more		Mexico asks to join IEA Mexico's secretary of energy said from Paris his country submitted a formal request to join the Western-backed International Energy Agency. ... 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		Russia sees Chinese role in arctic oil Russia's deputy energy minister said Monday an invitation to China was on the table to help with energy exploration strategies in the arctic. ... more
				North Dakota rig count near six-year low The number of rigs actively exploring for or producing oil and natural gas in North Dakota is holding steady near a six-year low, state data show. ... more		Low oil revenues could stymie Iraq's counter-terrorism measures Iraqi revenues are under strain from conflict and low oil prices, creating a shortage of cash needed to back counter-terrorism efforts, Moody's Analytics said. ... more

Norwegian petroleum sales dip Domestic sales of petroleum products in Norway decreased even though the cost for consumers is down, data from the Norwegian government said. ... more		Japan puts downward pressure on oil prices Energy markets shook off concerns about last week's Islamic State attacks on Paris to drift lower on word the Japanese economy moved back into recession. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy The latest gaming tech to look forward to in 2025		Scotland leads unconventional gas extraction health assessments Scotland can lead the international public health impact assessment of unconventional gas extraction (UGE), according to a new report by University of Stirling academics. The Scottish Government ann ... more
Russia's central bank frets over oil price and sanctions pressure Lower crude oil prices and restricted access to foreign capital markets means dwindling funds for Russia, the country's central bank chief said. ... more		Texas oil economy may be shrinking While federal data show Michigan shedding the most jobs, a Texas energy group said the state may be taking the brunt of the economic impact of low oil prices. ... more		Statoil sole winner in offshore Canadian auction Only two of the nine parcels on the auction block for energy explorers were doled out for eastern Canadian offshore acreage, a regional body said. ... more		Energy jobs in Norway down by half Though trade levels increased during the third quarter, the number of jobs opened in the Norwegian oil and gas sector continues to decline, national data show. ... more

	Hoeven tries again to erase oil export ban A Republican senator from North Dakota said he was working to insert language in a highway-funding bill that would lift a ban on U.S. crude oil exports. ... more		Canadian Oil Sands-Suncor spat takes new turn Canadian Oil Sands Ltd. continued to urge its shareholders to reject a bid from rival Suncor Energy, saying the offer would sell itself if it was worthwhile. ... more

U.S. defense in free fall

U.S. and Saudis conduct Middle East's largest counter-drone exercise

Saudi Arabia and Pakistan sign mutual defense pact

RWE holding outlook steady in weakened market		OPEC sees short-term balance in U.S. oil production		Rail industry weakened by low oil prices		Stand-still economy drags on oil prices		Munitions cleared from Russian gas pipeline
Oil dispersants can suppress natural oil-degrading microorganisms		G20 nations spend $452 bn a year supporting fossil fuels: study		Encana Corp. production up 35 percent		TransCanada wins Mexican gas pipeline contract		Oil Megaprojects Won't Stay On The Shelf For Long

EIA: Alberta oil will move by rail

Shale-rich Texas keeps chin up during downturn

Spending down, but West African oil expected to grow

Iran's Cabinet signs off on new oil contract terms

Oil drifts lower on inventory build

Anadarko pulls offer for Apache Corp.

U.S. shale oil basins to decline

Dispersants fail: Half the spilled BP oil may be on Gulf floor

Bank of England gauges impact of lower oil prices

EU looks beyond borders for energy

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

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