Oil and Gas News

December 10, 2015

Why Is The US Reluctant To Bomb ISIS Oil Fields?
Washington DC (SPX) Dec 10, 2015
There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of U.S. and coalition forces to sufficiently target and destroy oil infrastructure located in ISIS territory, which accounts for a significant portion of the terror group's annual income. The argument goes, if we want to impact their operations, we should target their primary sources of income, and choke off their operational funds. So, why d ... read more

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White House opposes legislative efforts to erase oil export ban Efforts to reverse a 40-year-old ban on domestic crude oil exports through legislative action are not welcome, a White House spokesman said. ... more		NRDC claims win on bitumen debate The Natural Resources Defense Council said it was vindicated by peer-reviewed studies showing heavier grades of crude oil should be treated with caution. ... more		U.S. gas prices will be even lower next year Low oil prices and more fuel efficient vehicles mean the average U.S. price for a gallon of gas should be about 2 percent lower in 2016, a federal report said. ... more
				Oil prices recover some lost ground Crude oil prices gained back some ground at the start of trading Wednesday, as expectations of lower U.S. oil production balanced against long-term pessimism. ... more		Texas drilling activity slumps Year-on-year, the level of new drilling activity in Texas in November was down by more than half, a state regulator reported. ... more

BP expands footprint in Egypt An Egyptian subsidiary of British energy company BP said it strengthened its foothold offshore Egypt through a deal with a German counterpart. ... more		ULC Robotics AND SGN Unveil The Next Generation Of Pipeline Robotics ULC Robotics and UK Gas Utility SGN are proud to introduce the next generation of pipeline robotics - the CIRRIS XI and the CIRRIS XR Robotic Systems. These breakthrough robotic systems were strateg ... 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		Is Washington Attempting to Torpedo Nord Stream 2 An expert speaking to independent Russian newspaper Svobodnaya Pressa suggests that Washington may be playing the role of 'coordinator' in the campaign by several Eastern European countries to try t ... more
				Woodside pulls offer for rival Oil Search Australian energy company Woodside Petroleum announced it withdrew its bid to merge business operations with rival Oil Search Ltd. ... more		Outlook for Texas energy sector uncertain The outlook for the oil-based economy in Texas is anything but certain, though some form of recovery is expected later in 2016, an economist said. ... more

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AAA: Oil major factor in gas price slide Supply and demand dynamics on the crude oil market, coupled with downward pressure from OPEC's meeting, should keep U.S. gas prices lower, AAA said. ... more		Oil prices move to historic lows Weak performance Tuesday for Chinese energy stocks highlighted the duration of the market headache brought on by OPEC as crude oil prices move to historic lows. ... 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		Struggle looms as Venezuela opposition vows to fix crisis Venezuela's jubilant opposition vowed Monday to drag the oil-rich country out of its economic crisis and free political prisoners after it broke the socialist government's 16-year grip on the legislature. ... more
Israeli companies keen on Egyptian gas deal Companies working in the Israel energy sector said they're still pursing commercial deals in Egypt despite reports of a breakdown in talks. ... more		Dana Gas says Kurds owe $11 billion Emirati energy company Dana Gas said the Kurdish government of Iraq owes it and its partners more than $11 billion for interfering with oil-field operations. ... more		Turkey mulling retaliatory sanctions on Russia: PM Turkish Prime Minister Ahmet Davutoglu said Tuesday his government was considering retaliatory measures against Moscow, with whom it is embroiled in a bitter dispute over Ankara's shooting down of a Russian warplane. ... more		OPEC hangover sends oil sharply lower The impacts of last week's fractured OPEC meeting in Vienna spilled over into Monday trading as crude oil prices started the day down more than 2 percent. ... more

	Rig counts down 16 percent year-on-year Globally, the number of rigs deployed for oil and gas exploration is down 16 percent from last November, oil services company Baker Hughes reported. ... more		Transocean lands offshore Canadian rig deal Rig services company Transocean said it reached a deal with Husky Oil Operations Ltd. for activity off the coast of Canada for about $200 million. ... 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

North Dakota rig counts hold steady		Afghanistan gets energy security grants		Russian sanctions on Turkey cut both ways, European bank finds		Struggle looms as Venezuela opposition vows to fix crisis		IS earns $80 mn a month but starting to struggle: analysis
Putin expresses condolences for Azerbaijani oil rig accident		Parts of Texas economy slowing, but beating out nation		Russia mulls economy beyond oil		Turkey seeks alternatives to Russian energy after plane crisis		Once again 'no,' Canadian Oil Sands tells rival

Researchers develop super-absorbent material to soak up oil spills

Crude oil prices hammered on OPEC policy

House passes symbolic gesture for oil exports

Shell, BG merger cleared by Australian regulator

Russia says talks suspended with Turkey on TurkStream pipeline

Columbia stands by team researching Exxon's climate record

Statoil eyes new Barents Sea acreage

Russia accuses Turkey's Erdogan over IS oil trade

DNO receives Kurdish oil payments

Oil suffers heavy losses ahead of OPEC meeting

Manslaughter charges dropped in BP Deepwater Horizon oil spill

Kurdish oil player upbeat on future prospects

Russian pipeline through Turkey on hold

Gazprom reviews gas line to Europe in midst of Russian, Turkish tensions

Oil rallies in wild, volatile week

Canadian Oil Sands touts resilience

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

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