Oil and Gas News

December 29, 2015

Iran vows to win back oil market share
Tehran (UPI) Dec 28, 2015
With more than 2 million barrels of oil per day expected on the market, an Iranian energy director said the country is ready to take a larger market share. "Iran will win back its global market quota in the post-sanctions era," Rokneddin Javadi, the managing director of the National Iranian Oil Co., told the Oil Ministry's news website SHANA. Javadi said Iran is ready to increase exports to around 2 million barrels per day in the next six months. The global market, he said, can take up t ... read more

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Russia blames Saudis for low oil prices Russian Energy Minister Alexander Novak said in a television interview Monday it was Saudi Arabia that was to blame for the collapse in crude oil prices. ... more		North Dakota rig count hits new low The number of rigs actively exploring for or producing oil or natural gas in North Dakota is at a historic low, state data for Monday show. ... more		Oil prices take nosedive Strong negative sentiment from some OPEC's top oil producers pushed crude prices deep into negative trading on the last Monday of 2015. ... more
				Saudi oil revenue down 23 percent Total oil revenues for Saudi Arabia for the year are expected to be 23 percent less than the previous fiscal year, the Finance Ministry said Monday. ... more		Transocean loses another rig contract early Rig company Transocean said Monday its contract for the Polar Pioneer rig, deployed offshore Alaska, was canceled early by Royal Dutch Shell. ... more

Dreaming of energy security, India pumps desert oil 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. ... more		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		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		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

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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		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		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		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

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's population hits record high		Lundin declares oil find in North Sea		Oil prices drift lower on U.S. GDP		Eni praises role of Tripoli's national oil company		Encana set to divest from Colorado shale
Chevron makes LNG deal with China		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

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