Oil and Gas News

December 02, 2015

Statoil dumps stake in European gas pipeline
Milan, Italy (UPI) Dec 1, 2015
Italian energy company Snam said it bought Statoil's stake in the planned Trans Adriatic gas pipeline, billed as a near-panacea for European diversification. For total consideration of $220 million, the Italian company took on the 20 percent stake in the planned gas pipeline from Norway's Statoil. TAP is slated to transport natural gas from the second phase of the Shah Deniz natural gas field off the coast of Azerbaijan as early as 2019. It will run from the Turkish border with Greece to ... read more

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Shedding light on oil behaviors before the next spill A comprehensive scientific report released by The Royal Society of Canada (RSC) has concluded that there are still critical research gaps hampering efforts to both assess the environmental impacts o ... more		Iraqi Kurds made $3.29 bn from direct oil sales Iraq's autonomous Kurdish region said Tuesday it has made more than $3.29 billion in revenues since June from direct oil export sales that the country's federal government considers illegal. ... more		Texas to see massive layoffs as 250.000 oil jobs lost already Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. ... more
				Gas prices down for 25 straight days For 25 days in a row, U.S. drivers have seen the retail price for gasoline fall and that should be the prevailing trend through year's end, AAA reports. ... more		Eni tapping into offshore Mexico Italian energy company Eni said it was cleared by Mexican authorities to start development of three oil fields in territorial waters in the Gulf of Mexico. ... more

Crude oil ticks lower on tepid growth Lingering economic concerns pulled on crude oil prices Tuesday amid anticipation over the next move by the Organization of Petroleum Exporting Countries. ... more		Canadian Oil Sands declares win in takeover spat An Alberta regulator struck a "major blow" to rival Suncor in its hostile takeover bid by confirming shareholder rights, Canadian Oil Sands Ltd. said. ... 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		North Dakota rig count flirts with historic low North Dakota rig activity indicates the No. 2 oil producer in the nation is still flirting with an all-time low in the exploration and production sector. ... more
				Putin accuses Turkey over IS oil as pilot's body returns to Russia Russian President Vladimir Putin on Monday accused Ankara of shooting down a Russian warplane to protect supplies of oil from the Islamic State group to Turkey, after snubbing his Turkish counterpart at a climate conference in France. ... more		Swiss oil trader Vitol may supply Libya with fuel The future of oil-rich Libya and its energy supplies may depend in part on the independence of the country's National Oil Corp., Swiss oil trader Vitol said. ... more

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China jails 14 over 2013 pipeline blast China sentenced 14 people, including local officials and employees at a state company, to prison Monday for their role in a 2013 pipeline blast that killed 63 and injured another 156, state media reported. ... more		Oil prices end November on a high note A market return by U.S. holiday-goers and anticipation over OPEC's meeting at the end of the week pushed crude oil prices higher on the last day of November. ... 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		New oil production started in North Sea The start of commercial oil production from the Edvard Grieg field in the North Sea could be transformational, operator Lundin Petroleum said. ... more
India taking energy demand lead With China's economy slowing, it's India that takes the lead as the country expected to take on more oil than any other, the International Energy Agency said. ... more		Emirati energy company claims Kurdish win Emirati energy company Dana Gas said it resolved a dispute with its German partners regarding joint-venture operations in the Kurdish north of Iraq. ... more		Researchers find new, inexpensive way to clean water from oil sands production Researchers have developed a process to remove contaminants from oil sands wastewater using only sunlight and nanoparticles that is more effective and inexpensive than conventional treatment methods ... more		Oil countries only slowly warming to climate challenge Global oil producers, who provide the world with much of the fossil fuel that causes global warming, are in no hurry to brighten up their own image as climate dinosaurs. ... more

	PetroChina sells pipeline stake amid reforms push State-owned Chinese oil giant PetroChina will sell half of a subsidiary that operates pipelines across central Asia for $2.4 billion, it said, raising hopes of possible reforms among nationalised firms. ... more		Newtec expands Astra Connect broadband service for Africa's Oil and Gas Sector SES Techcom Services has announced that it will be expanding its Astra Connect broadband service in Africa for the Enterprise and Oil and Gas markets via the Newtec Dialog multiservice platform on S ... 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

Ukraine says it will buy more Russian gas when needed		Economy returns to haunt oil prices		Apache Corp. stable after takeover bid		Rail will temporarily fill Keystone XL vacuum		Major oil gains came from outside OPEC
Oil surges after Turkey shoots down Russian jet		BG Group builds Australian LNG profile		EIA: Texas oil standout for U.S. shale		Saudis Planning For A War Of Attrition In Europe With Russia's Oil Industry		Sweden sets goal of fossil-free economy

AAA takes long view on gas prices

Oil rallies on geopolitical tensions

Norway expects steep drop in rig activity

Norwegian energy giant addresses climate concerns

US warplanes destroy 283 fuel trucks in Syria

S. Sudan army begins withdrawal from Juba as deadline nears

Transocean to delist from Swiss exchange

Oil prices volatile in Monday trading

Slow movement in North Dakota rig deployment

Iran, Venezuela lock step on oil market woes

Russian oil producer adds to global glut

Federal charges filed for deadly 2012 oil rig blast

Weak demand tugs on crude oil prices

Pakistan gets $1.4 billion energy loan from ADB

Afghanistan reviews gas development potential

Heavy Syria air strikes kill 8, destroy oil tankers: monitor

No drilling in the Atlantic, regional parties say

Wood Mac: Expect Argentinean shale boom

Venezuela questions U.S. ties after oil-spying claims

Texas oil production drifts lower

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