Oil and Gas News

December 24, 2015

Not all of Texas down along with oil
Dallas (UPI) Dec 23, 2015
Despite the downturn in the oil sector, some metropolitan areas in Texas are showing healthy growth in labor figures, the Dallas Federal Reserve finds. Lower crude oil prices, off by about 40 percent from last year, are choking cash streams for major oil and gas companies. The trend is reflected in rig counts, which for Texas, the No. 1 oil producer in the nation, are down more than 60 percent from last year. In a late-year survey, the Texas Alliance of Energy Producers said the number o ... read more

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Dec 17

OPEC revises U.S. shale durability upward Oil production from inland shale basins in the United States is expected to be more robust than previously thought, OPEC said in its global outlook. ... more		Iran bracing for $30 oil Financial planners in Iran need to be prepared for crude oil prices moving potentially below $30 per barrel, the Iranian minister of the economy said. ... more		Colorado cities may miss out on energy cash Colorado cities with the potential to host hydraulic fracturing campaigns could lose up to $1 million in tax revenue if bans are enforced, analysis finds. ... more
				Royal Dutch Shell makes deeper cuts With the company expecting improved efficiency after merging with BG Group, Royal Dutch Shell said it plans to cut spending for next year more than expected. ... more		Oil rallies on OPEC price sentiment Expectations of a market recovery in the latest report from OPEC helped oil prices rebound in Wednesday trading, though Brent is still below $40 per barrel. ... more

North Dakota's population hits record high The population of oil-rich North Dakota has reached an all-time high as people flock to take advantage of a strong economy, Gov. Jack Dalrymple said. ... more		Lundin declares oil find in North Sea 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. ... 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		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

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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		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		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		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

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

Dutch ruling: What does it mean for Shell in Nigeria?		Barnett shale gas estimate doubles		Statoil cancels Transoean rig contract		Oil continues steady drift lower, Brent holding below $40		Norway gives mixed report on greenhouse gas emissions
BG Group cleared for LNG plant in Louisiana		Trudeau says sensitive rain forest no place for an oil pipeline		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

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