Oil and Gas News

December 23, 2015

Lundin declares oil find in North Sea
Stockholm, Sweden (UPI) Dec 22, 2015
Swedish energy company Lundin Petroleum said it made a minor oil discovery that may be associated with the larger Edvard Grieg field in the North Sea. Lundin announced it ran through a 100-foot column of hydrocarbon while drilling into its Rolvsnes exploration well, quantifying it as a minor discovery. "Pressure data and oil type indicate that the petroleum system is in communication with the Edvard Grieg South discovery which was made by Lundin Norway in 2009," the company said in a sta ... read more

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Oil prices drift lower on U.S. GDP Crude oil prices edged lower in early Tuesday trading after the latest revision on the U.S. economy showed a modest decline for the third quarter. ... more		IMF: Iranian economy will grow slowly While Iran faces a brighter economic future as the result of easing sanctions pressure, the IMF said growth for 2016 will be slower than previous years. ... more		Eni praises role of Tripoli's national oil company Less than a week after the signing of Libyan political agreements, Italian energy company Eni said it welcomed the state oil company's role in national unity. ... more
				Encana set to divest from Colorado shale Canadian energy company Encana Corp. said it's on pace to close on the sale of its shale assets in Colorado to a Canadian pension board by mid 2016. ... more		Chevron makes LNG deal with China Chevron said a non-binding agreement to supply China with liquefied natural gas is a milestone for the commercialization of its energy portfolio in Australia. ... more

North Dakota rig counts steady despite steep drop in oil prices Despite crude oil prices at or approaching historic lows, North Dakota rig numbers continue to show stability, state data show. ... more		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		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		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

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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		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		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
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		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		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.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

U.N. targets Islamic State oil finance network		Shell working to protect assets offshore Alaska		Obama expected to sign off on ending oil export ban		Britain awards new shale exploration licences		Canadian oil sector resilient -- sort of
Putin says worst of economic crisis over		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

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