Oil and Gas News

December 11, 2015

Is Enbridge pipeline the next Keystone?
Minneapolis (UPI) Dec 10, 2015
A U.S. court in Minnesota said it lacked authority in a challenge to moves by Enbribge Energy to expand shipments through its Alberta Clipper oil pipeline. Enbridge secured the U.S. federal permit to build the pipeline from Canadian oil sands fields to refineries in the United States in 2009. Five years later, the company secured federal approval to double the capacity of the project from 450,000 barrels per day. Environmental and aboriginal advocates filed a challenge, arguing the U.S. ... read more

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Chevron cuts 2016 budget U.S. supermajor Chevron Corp. said it was cutting its budget for next year by nearly a quarter as it focuses on options it considers reliable in the downturn. ... more		Conoco latest to trim spending for 2016 ConocoPhillips said Thursday it was preparing for a sustained period of lower crude oil prices by making significant reductions in capital and operating costs. ... more		Oil services company Technip denies merger talks French oil field services company Technip denied speculation it was headed into a potential merger, touting its position as a world leader in the field. ... more
				Shell reviews New Zealand business Royal Dutch Shell said it was reviewing its portfolio in New Zealand as it works to streamline operations in a weakened crude oil market. ... more		North Dakota oil sector bracing for slump North Dakota oil producers increased production in October in a spasm of activity as signs emerge of a prolonged slump, a state report finds. ... more

OPEC strikes again Expectations from OPEC of tepid economic recovery next year added downward pressure to oil prices, pushing Brent back below the $40 mark early Thursday. ... more		Could Saudi oil obstruct a Paris climate deal? Saudi Arabia, the world's biggest crude oil exporter, has a lot to lose if the global economy shifts to clean energy. ... more		Cosmic krypton timestamps reveal Australia landscape evolution and resources Fire on Ice: The Arctic's Changing Fire Regime Warming trend to intensify crop droughts across Europe and beyond		Why Is The US Reluctant To Bomb ISIS Oil Fields? 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 sufficie ... more
				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

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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		NASA and DOE plan fission power plant on Moon by 2030 Berkeley Scientists set to home in on 100 signals from Seti at Home Firefly prepares Alpha Block II upgrade for Flight 8		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		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

	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

GE and Lockheed validate compact rotating detonation ramjet for hypersonic missiles

Danish PM says Greenland showdown at 'decisive moment' after new Trump threats

Russia claims Oreshnik missile hit Ukrainian aviation plant

Struggle looms as Venezuela opposition vows to fix crisis		Israeli companies keen on Egyptian gas deal		Dana Gas says Kurds owe $11 billion		Turkey mulling retaliatory sanctions on Russia: PM		Is Washington Attempting to Torpedo Nord Stream 2
OPEC hangover sends oil sharply lower		Rig counts down 16 percent year-on-year		Transocean lands offshore Canadian rig deal		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

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