Oil and Gas News

December 22, 2015

North Dakota rig counts steady despite steep drop in oil prices
Bismarck, N.D. (UPI) Dec 21, 2015
Despite crude oil prices at or approaching historic lows, North Dakota rig numbers continue to show stability, state data show. Data from the North Dakota Industrial Commission show a rig count of 64 for Monday, down one from last week. The historical low of 63 was set in November 2009. An all-time high of 218 was recorded in May 2012. Crude oil prices are at historic lows, with Brent crude oil prices touching their lowest point since 2004 in overnight trading Monday. Brent crude oil is ... read more

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Crude oil prices move toward historic lows Asian economic concerns spilled over to crude oil prices, pushing the global benchmark Brent toward an 11-year low in early Monday trading. ... more		Wood Group acquires U.S. services company Kelchner Scottish oil field services company Wood Group said Monday that, for an undisclosed sum, it acquired energy field services company Kelchner Inc. ... more		Texas touts diversity amid low oil prices Diversity in the Texas economy means employment is holding steady because of expansion in industries outside the oil sector, a bank report said. ... more
				Pakistan moves on gas pipeline funding The Pakistani government said it's approved a proposal to deliver funding to help support a multilateral natural gas pipeline stretching east from Turkmenistan. ... more		Shell, BG shareholders to vote on merger in January Shell and BG Group said Monday they plan to have shareholders vote in their planned merger, one of the industry's largest, at the end of January. ... more

New technique both enhances oil recovery and sequesters carbon dioxide A proposed recovery technique for oil extraction developed by a Penn State-led research team not only outperforms existing drilling and recovery techniques, but also has the potential to sequester m ... more		Dutch ruling: What does it mean for Shell in Nigeria? A Dutch appeals court on Friday permitted four Nigerian farmers and fishermen to sue oil giant Shell for environmental pollution at a court in the Netherlands. ... 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		Barnett shale gas estimate doubles The U.S. Geological Survey said its review of the Barnett shale basin in north-central Texas led it to double the estimated reserve potential. ... more
				Statoil cancels Transoean rig contract Rig company Transocean said a contract for rig work in the deep waters of the U.S. Gulf of Mexico was cancelled by Norwegian energy company Statoil. ... more		Oil continues steady drift lower, Brent holding below $40 Lingering pessimism over the chance of recovery in the energy market helped add downward pressure to crude oil prices in early Friday trading. ... more

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Norway gives mixed report on greenhouse gas emissions Though greenhouse gas emissions have been relatively stable since 2010, total emissions are still above 1990 levels, the Norwegian government said. ... more		BG Group cleared for LNG plant in Louisiana British energy company BG Group said it was cleared by U.S. regulators to start building a liquefied natural gas export facility in Lake Charles, La. ... 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		Trudeau says sensitive rain forest no place for an oil pipeline Canadian Prime Minister Justin Trudeau reiterated his opposition to advancing with crude oil pipelines that have riled some members of the activist community. ... more
U.N. targets Islamic State oil finance network Finance ministers gathered at the United Nations said that, with millions of dollars coming from illegal oil sales, it was time to target Islamic State funding. ... more		Shell working to protect assets offshore Alaska While Royal Dutch Shell said it aims to protect its drilling rights in the Arctic waters offshore Alaska, it said drilling was off the table for the foreseeable future. ... more		Obama expected to sign off on ending oil export ban President Obama is expected to sign a bill that would lift a crude oil export ban because it's balanced by renewable energy incentives, a research note said. ... more		Britain awards new shale exploration licences Britain awarded scores of new licences for onshore shale exploration on Thursday in a move that opponents say could lead to controversial fracking beneath protected countryside. ... more

	Canadian oil sector resilient -- sort of Short-term growth for Canadian oil sands remains robust through 2020, though direction beyond that is uncertain, a sector research report finds. ... more		Putin says worst of economic crisis over The Russian economy, burdened by sanctions and lower crude oil prices, has largely passed over the worst of the crisis, President Vladimir Putin said. ... 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

Hurdle cleared for offshore Israeli gas development		Oil rises on good U.S. labor figures		Azerbaijan quenches rig blaze, averting 'major oil spill' in the Caspian		Natural or manmade quakes? New technique can tell the difference		Britain approves national park fracking plans
U.S. crude oil export no longer banned under Congressional deal		Some gas produced by hydraulic fracturing comes from surprise source		US efforts to stem IS oil yield results		Average gas price hovers near $2 per gallon, lowest since 2009		Fracking plays active role in generating toxic metal wastewater

Oil export ban is last obstacle to passage of spending bill

Another day, another drop in oil prices

Seismic energy company Dolphin goes bust

Oil prices slip further in Asia on supply woes

Exxon starts new work in Indonesia

Shell wins Chinese clearance for BG takeover

Shell clears last hurdle for BG Group merger

North Dakota rig activity stable

Encana latest to trim 2016 budget

Strippers Suffering From Low Oil Prices

Scientists develop diesel that emits far less CO2

Murkowski: Oil the answer to national security

BP makes headway in North Sea campaign

Total starts new work offshore Congo

Russian gas output could be lower

Repsol steps back from U.S. shale

Oil prices continue sharp decline

Is Enbridge pipeline the next Keystone?

Chevron cuts 2016 budget

Conoco latest to trim spending for 2016

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