Oil and Gas News

December 13, 2015

Murkowski: Oil the answer to national security
Washington (UPI) Dec 11, 2015
Lifting a ban on U.S. crude oil exports could help address security issues for allies overseas more exposed to regional crises, U.S. Sen. Lisa Murkowski said. The Senate Energy Committee heard testimony on the interconnection between terrorism, national security and the global oil market. The Sunni jihadist organization Islamic State is funding some of its operations through a black market for crude oil. Murkowski in her opening remarks said national security issues extend beyond terrori ... read more

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Dec 09

Dec 08

BP makes headway in North Sea campaign British energy company BP said it started sea trials for a floating production platform that will serve as a hub for developments west of the Shetland Islands. ... more		Total starts new work offshore Congo French energy company Total said it secured a stronger foothold offshore Africa with the start of deep-water operations in Congolese waters. ... more		Russian gas output could be lower Full-year Russian natural gas production could be off by about 2 percent because of what the government said was expectations of lower consumption. ... more
				Repsol steps back from U.S. shale Spanish energy company Repsol said it was offering up a portion of its holdings in a U.S. shale basin in favor of a position in operations offshore Norway. ... more		Oil prices continue sharp decline Oil prices tumbled lower in Friday trading after the International Energy Agency became the latest to forecast a supply-heavy market enduring through 2016. ... more

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		Is Enbridge pipeline the next Keystone? 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. ... 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		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

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

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

BP expands footprint in Egypt		ULC Robotics AND SGN Unveil The Next Generation Of Pipeline Robotics		Woodside pulls offer for rival Oil Search		Outlook for Texas energy sector uncertain		AAA: Oil major factor in gas price slide
Oil prices move to historic lows		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

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