Oil and Gas News

November 25, 2015

EIA: Texas oil standout for U.S. shale
Washington (UPI) Nov 24, 2015
More than half of the increase in proven U.S. oil reserves came from Texas and most of that came from two shale basins, a U.S. federal report found. A full-year 2014 profile from the U.S. Energy Information Administration found total U.S. proved oil reserves of 39.9 billion barrels marked a 9 percent increase from the previous year. Total reserves for that year where their highest since 1972. "U.S. crude oil proved reserves increased in 2014 for the sixth year in a row with a net additio ... read more

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Sweden sets goal of fossil-free economy The Swedish government said it has a "minister for the future" that aims to steer the country toward a fossil-free economy by 2030. ... more		AAA takes long view on gas prices While short-term spikes may be expected in some retail markets, U.S. drivers this upcoming holiday are paying record low prices for gasoline, AAA said. ... more		Oil rallies on geopolitical tensions Geopolitical concerns trumped economic fundamentals in Tuesday trading in New York as major crude oil indices rallied 2 percent from the previous close. ... more
				Norway expects steep drop in rig activity There should be a steep drop in the number of rigs deployed for exploration of oil and gas reserves offshore Norway, national statistics show. ... more		Saudis Planning For A War Of Attrition In Europe With Russia's Oil Industry Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent ... more

Norwegian energy giant addresses climate concerns Oil and gas will continue playing a strong role in the global energy sector, but climate issues are sparking an industry sea change, the head of Statoil said. ... more		US warplanes destroy 283 fuel trucks in Syria US warplanes have destroyed 283 fuel tankers that were being used to transport oil to help fund the Islamic State group in eastern Syria, officials said 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		S. Sudan army begins withdrawal from Juba as deadline nears The South Sudanese army, loyal to President Salva Kiir, said Monday it had begun withdrawing from the capital Juba ahead of a peace deal deadline agreed with the rebels of former deputy president Riek Machar. ... more
				Transocean to delist from Swiss exchange Offshore rig company Transocean said it was taking down its stock position from the Swiss exchange, with approval set for the end of the year. ... more		Oil prices volatile in Monday trading Crude oil prices were in flux early Monday on signs Saudi Arabia was willing to at least consider some level of cooperation on the global energy market. ... more

Solar systems for home and business installations

Slow movement in North Dakota rig deployment As crude oil prices drift lower during the last weeks of 2015, the No. 2 oil producer in the nation, North Dakota, reported little movement in rig activity. ... more		Iran, Venezuela lock step on oil market woes Iranian President Hassan Rouhani told visiting officials from Venezuela it was incumbent upon producers to improve the situation in the global energy market. ... 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		Russian oil producer adds to global glut Russian oil producer Gazprom Neft added to the oversupplied market, saying its output for the first nine months of the year increased more than 20 percent. ... more
Federal charges filed for deadly 2012 oil rig blast The U.S. Justice Department said it filed criminal charges in response to a 2012 oil platform incident in the Gulf of Mexico that left three workers dead. ... more		Weak demand tugs on crude oil prices Crude oil prices continued drifting lower in early Friday trading as demand signals continued to show protracted softening in the energy market. ... more		Pakistan gets $1.4 billion energy loan from ADB The Asian Development Bank said it was providing more than $1 billion in loans to help Pakistan address chronic power issues in the country. ... more		Afghanistan reviews gas development potential The Afghan government said it's closer to finalizing a deal with a consortium of energy companies that could pave the way for gas exploration and production. ... more

	Heavy Syria air strikes kill 8, destroy oil tankers: monitor At least eight people were killed in at least 50 air strikes on Syria's eastern Deir Ezzor province Friday, during which dozens of oil tankers were destroyed, a monitor said. ... more		No drilling in the Atlantic, regional parties say City officials and business leaders visited Washington, D.C., to pressure the White House to keep Atlantic basins off limits to energy explorers. ... 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

Wood Mac: Expect Argentinean shale boom		Venezuela questions U.S. ties after oil-spying claims		Texas oil production drifts lower		High-value oil find for Shell in Gulf of Mexico		BG, Shell merger one step closer to completion
Oil pulls back, WTI flirts with sub $40		Global Witness: Exxon's climate issues tip of the iceberg		Political Climate Shifting Against The Oil And Gas Industry		Experts recommend modeling to avoid earthquakes resulting from fracking		Murkowksi: White House an Alaskan oil killer

EU moves major funding toward energy strategy

TransCanada will grow without Keystone XL

US strikes on IS oil supply initially only 'minimally effective'

Russian jets 'hunting' IS oil tanker trucks: defence ministry

Schlumberger cleared for tool-maker takeover

Demand signals lift crude oil prices higher

No luck in drilling for oil and gas in Kenya

Maersk gets nod for Kurdish oil work

Australia says 'no' to BP

Oil markets moving on economic concerns

Statoil pulls out of Alaskan Arctic after Shell

Gas prices flirting with historic low

Mexico asks to join IEA

Russia sees Chinese role in arctic oil

North Dakota rig count near six-year low

Low oil revenues could stymie Iraq's counter-terrorism measures

Norwegian petroleum sales dip

Japan puts downward pressure on oil prices

Scotland leads unconventional gas extraction health assessments

Russia's central bank frets over oil price and sanctions pressure

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