Oil and Gas News

December 25, 2015

Putin: Be prepared for long oil price slump
Moscow (UPI) Dec 24, 2015
Russian economic planners should be prepared for durable financial challenges presented by a long period of low oil prices, President Vladimir Putin said. Putin addressed members of the government gathered for their final meeting of 2015. To start, the Russian president thanked ministers for their commitment during what he described as "a frankly complicated situation." Lower crude oil prices are creating fiscal problems for economies like Russia that depend heavily on energy exports for ... read more

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Enterprise to help export first U.S. oil batch A Houston company said it agreed to provide the services needed to load the first shipment of domestic light crude oil from the United States since the 1970s. ... more		Russia, Iran review gas cooperation potential Russian energy company Gazprom said it was considering the potential for work alongside its Iranian counterparts to help develop Iran's gas reserves. ... more		More drilling slated for Barents Sea The Norwegian government said it awarded a license to Austrian energy company OMV to drill two new exploration wells in the Barents Sea. ... more
				Oklahoma, Kansas among the few rig gainers Of the U.S. states with a notable level of oil production, data show Oklahoma and Kansas recorded the largest increase in monthly activity in terms of percent. ... more		Oil continues gains on inventory draw Crude oil prices extended their gains for the week Thursday on signs inventory held in storage in the United States was dwindling. ... more

Monthly oil production in Texas down 8 percent Texas oil production for October, the last full month for which data are available, was down 10 percent from the previous month, state data show. ... more		Not all of Texas down along with oil Despite the downturn in the oil sector, some metropolitan areas in Texas are showing healthy growth in labor figures, the Dallas Federal Reserve finds. ... 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		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

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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		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		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		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		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

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

Crude oil prices move toward historic lows		Wood Group acquires U.S. services company Kelchner		Texas touts diversity amid low oil prices		Pakistan moves on gas pipeline funding		Shell, BG shareholders to vote on merger in January
New technique both enhances oil recovery and sequesters carbon dioxide		IMF: Iranian economy will grow slowly		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

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