Oil and Gas News

December 30, 2015

Texas manufacturing offsetting oil sector weakness
Dallas (UPI) Dec 29, 2015
Manufacturing conditions in Texas continue to show gains, offsetting some concerns about the health of the oil sector, a state economic outlook finds. The Federal Reserve Bank of Dallas said in a survey of the state manufacturing sector that factory activity increased in December for the third-straight month. "The production index - a key measure of state manufacturing conditions - rose from 5.2 to 13.4, indicating stronger growth in output," the bank said in its report. Outside ... read more

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Siberian oil output to be supported by tax overhaul A new tax regime in Russia could pave the way to an increase in oil production from fields in Western Siberia, the Russian energy minister said. ... more		Oil recovers from Monday's downfall Oil prices recovered some lost ground in early Tuesday trading on expectations of reasonable growth in 2016 for China and storms in U.S. oil producing states. ... more		U.S. gas prices inflated by refinery issues Refinery issues are again keeping gas prices higher for U.S. consumers who are watching crude oil fall to historic lows, retail market analysts said. ... more
				Tests slated for giant Kashagan oil field Test runs for production from the Kashagan oil field, the largest in the world, should be conducted before the end of the year, a Kazakh minister said. ... more		Winter storms sock U.S. oil states Snow- and ice-covered roads are making for hazardous conditions in parts of the U.S. with high levels of oil production, travel advisories show. ... more

Iran vows to win back oil market share 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. ... more		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		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		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

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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		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		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

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

Not all of Texas down along with oil		OPEC revises U.S. shale durability upward		Iran bracing for $30 oil		Colorado cities may miss out on energy cash		Royal Dutch Shell makes deeper cuts
Oil rallies on OPEC price sentiment		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

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