Oil and Gas News

December 07, 2015

Parts of Texas economy slowing, but beating out nation
Houston (UPI) Dec 4, 2015
Parts of the oil-rich economy in Texas are showing signs of slowing down, but still outperforming the rest of the nation, the Dallas Federal Reserve said. A survey from the Texas Alliance of Energy Producers said the number of jobs lost in the state as a result of the depressed oil economy may be worse than initially forecast. Lower crude oil prices have hurt the corporate profits for many companies with headquarters in Texas. When the downturn began in mid-2014, the alliance expected no more t ... read more

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Russia mulls economy beyond oil Russia needs to explore export revenue from products outside the energy sector as the economy braces for a long period of low oil prices, a minister said. ... more		Turkey seeks alternatives to Russian energy after plane crisis Turkey on Saturday said it was seeking alternatives to Russian energy as relations with Moscow plunge over the downing of a warplane, with President Recep Tayyip Erdogan vowing his country will "not collapse" under sanctions. ... more		Once again 'no,' Canadian Oil Sands tells rival Canadian Oil Sands Ltd., in the latest in a bitter dispute, urged shareholders to take no action on a revised takeover bid from rival Suncor Energy. ... more
				Researchers develop super-absorbent material to soak up oil spills In hopes of limiting the disastrous environmental effects of massive oil spills, materials scientists from Drexel University and Deakin University, in Australia, have teamed up to manufacture and te ... more		Crude oil prices hammered on OPEC policy Crude oil prices moved sharply lower at the start of trading on word members of OPEC would not cut overall production despite the weak oil economy. ... more

House passes symbolic gesture for oil exports A U.S. House leader said a bill passed in favor of oil exports rejects a global landscape favoring North America, but support wasn't enough to override a veto. ... more		Shell, BG merger cleared by Australian regulator Royal Dutch Shell announced it cleared a regulatory hurdle for the planned combination with BG Group from an Australian financial regulator. ... 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 says talks suspended with Turkey on TurkStream pipeline Russia and Turkey, at loggerheads since Ankara shot down a Russian warplane last week, have suspended talks on their joint TurkStream project to pipe gas to Turkey and southern Europe, Russia's energy minister said Thursday. ... more
				Columbia stands by team researching Exxon's climate record The dean at the journalism school at Columbia University defended the integrity of reporters investigating what Exxon Mobil scientists knew about climate change. ... more		Statoil eyes new Barents Sea acreage Norwegian energy company Statoil said it expressed reserved exploration interests in a Barents Sea area covered in a bilateral agreement with Russia. ... more

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Russia accuses Turkey's Erdogan over IS oil trade Russia on Wednesday accused Turkish President Recep Tayyip Erdogan and his family of involvement in illegal oil trading with Islamic State jihadists, ratcheting up the heat in a dispute over Ankara's downing of one of Moscow's warplanes. ... more		DNO receives Kurdish oil payments Norwegian energy company DNO became the latest company to confirm payments from the Kurdish government of Iraq for crude oil exports. ... 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		Oil suffers heavy losses ahead of OPEC meeting Crude oil prices declined dramatically in early Wednesday trading on expectations members of OPEC would stand pat on production levels at their next meeting. ... more
Manslaughter charges dropped in BP Deepwater Horizon oil spill "In the interest of justice" a U.S. court dismissed manslaughter charges against BP engineers on the Deepwater Horizon rig at the time of the 2010 accident. ... more		Kurdish oil player upbeat on future prospects Gulf Keystone Petroleum said it received payments for exports from the Kurdish government in Iraq, which it said would boost its corporate sustainability. ... more		Russian pipeline through Turkey on hold Talks between Russian and Turkey on building a natural gas pipeline through to Europe are suspended, Russia's energy minister said. ... more		Gazprom reviews gas line to Europe in midst of Russian, Turkish tensions Amid frosty relations between Moscow and Ankara, Russian energy company Gazprom said it was reviewing the status of a pipeline through the Baltic Sea. ... more

	Oil rallies in wild, volatile week Steady growth expectations for Asia and OPEC anticipation offset European trajectory, giving crude oil prices a major lift after Wednesday's sell off. ... more		Canadian Oil Sands touts resilience Even with oil priced below $50 per barrel, Canadian Oil Sands, a target of a takeover bid, said it will be able to stay in the black under a 2016 budget plan ... 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

Statoil dumps stake in European gas pipeline		Shedding light on oil behaviors before the next spill		Iraqi Kurds made $3.29 bn from direct oil sales		Texas to see massive layoffs as 250.000 oil jobs lost already		Gas prices down for 25 straight days
Eni tapping into offshore Mexico		Crude oil ticks lower on tepid growth		Canadian Oil Sands declares win in takeover spat		North Dakota rig count flirts with historic low		Putin accuses Turkey over IS oil as pilot's body returns to Russia

Swiss oil trader Vitol may supply Libya with fuel

China jails 14 over 2013 pipeline blast

Oil prices end November on a high note

New oil production started in North Sea

India taking energy demand lead

Emirati energy company claims Kurdish win

Researchers find new, inexpensive way to clean water from oil sands production

Oil countries only slowly warming to climate challenge

PetroChina sells pipeline stake amid reforms push

Newtec expands Astra Connect broadband service for Africa's Oil and Gas Sector

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

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