Oil and Gas News

December 27, 2015

Dreaming of energy security, India pumps desert oil
Barmer, India (AFP) Dec 27, 2015
The deserts of Rajasthan may be the showcase for India's solar revolution but the oil explorer that struck gold beneath the same sands insists the country needs to pump out more fossil fuels to wean itself off imports. Ahead of this month's climate negotiations in Paris, India sought to deflect criticism by pointing to the solar panels and wind turbines sprouting across the sparsely-populated princely state. Yet deep in the desert, and less well-publicised, are four oil fields operated by an off ... read more

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Putin: Be prepared for long oil price slump Russian economic planners should be prepared for durable financial challenges presented by a long period of low oil prices, President Vladimir Putin said. ... more		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		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		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
				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

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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		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		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		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

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

North Dakota rig counts steady despite steep drop in oil prices		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

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