Oil and Gas News

January 05, 2016

Statoil to review CCS potential offshore Norway
Oslo, Norway (UPI) Jan 4, 2016
Norwegian energy company Statoil said it was tasked by the government in Oslo to study ways to store carbon dioxide on the country's continental shelf. The company, in a statement sent to UPI, said it was awarded a contract from the Norwegian Ministry of Petroleum and Energy to carry out feasibility studies at three offshore locations. It marks what may be the first study of its kind in Europe. "We are excited about these studies which may potentially lead to new CO2 storage opportunitie ... read more

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Woodside finds gas offshore Myanmar Australian energy company Woodside Petroleum said it found enough natural gas in an exploration well offshore Myanmar to continue appraisal activity. ... more		Cairn finds oil off the coast of Senegal Scottish energy company Cairn Energy said it was reviewing multiple samples of oil pulled from an appraisal well off the coast of Senegal. ... more		Oil-rich Saudi Arabia facing rough year This year could be challenging for a Saudi Arabia facing economic pressure from lower crude oil prices amid neighborhood security risks, analysis finds. ... more
				British energy sector facing risks The British oil and gas industry showed resiliency during last year's market downturn, but should be prepared for challenges in 2016, Oil and Gas U.K. said. ... more		Iran tensions pull crude oil prices higher On the first full trading day of the year, political rifts in the Middle East overshadowed market concerns in Asia to push crude oil prices higher on Monday. ... more

Canadian Oil Sands declares independence In a declaration of independence, Canadian Oil Sands Ltd. urged shareholders to reject a hostile bid from rival Suncor before the offer expires on Friday. ... more		French jets strike IS oil sites in Syria: minister French warplanes bombed Islamic State group oil installations close to its Syrian stronghold of Raqa on Friday, as France's defence minister visited the Jordanian air base where the jets took off. ... 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		Study assessed impacts of Deepwater Horizon oil spill on sea turtles Researchers investigating the impacts of the Deepwater Horizon oil spill on sea turtles found that over 320,000 juvenile sea turtles from populations throughout the Atlantic Ocean were likely presen ... more
				Ten Trillion Dollars Needed To Avoid Massive Oil Price Spike: OPEC OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world's energy needs. The OPEC published its ... more		Canadian Oil Sands defends value against bid Canadian Oil Sands Ltd. said it was urging shareholders to reject a hostile bid from its counterpart Suncor, arguing it's positioned well for falling oil prices. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Brazil defends treasures of its 'Blue Amazon' Hundreds of years ago, Brazil's southern Atlantic waters were sailed by pirates in search of plunder. Now these remote depths, dubbed the "Blue Amazon", hold richer treasures for scientists. ... more		Oil production costs low, Iran says Pointing to low production costs, Iran's director for OPEC affairs said the economy will grow with exports even in a weakened oil market climate. ... 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		Oil, gas wages for Colorado strong The oil and gas industry of Colorado accounts for around twice the average wage for other industries in the state, a university study found. ... more
Oil prices deflate as year winds down Crude oil prices retreated in Wednesday trading on sentiments of economic doubt from the International Monetary Fund director. ... more		No limit to output, Saudi Arabia says There is no limit to the level of Saudi crude oil production so long as demand permits, the Saudi oil minister said Wednesday from Riyadh. ... more		New North Sea oil production begins Abu Dhabi National Energy Co. said it started producing oil from its Cladhan field in the British waters of the North Sea, its largest project to date. ... more		Texas manufacturing offsetting oil sector weakness Manufacturing conditions in Texas continue to show gains, offsetting some concerns about the health of the oil sector, a state economic outlook finds. ... more

	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. defense in free fall

U.S. and Saudis conduct Middle East's largest counter-drone exercise

Saudi Arabia and Pakistan sign mutual defense pact

U.S. gas prices inflated by refinery issues		Tests slated for giant Kashagan oil field		Winter storms sock U.S. oil states		Iran vows to win back oil market share		Russia blames Saudis for low oil prices
North Dakota rig count hits new low		Oil prices take nosedive		Saudi oil revenue down 23 percent		Transocean loses another rig contract early		Dreaming of energy security, India pumps desert oil

Putin: Be prepared for long oil price slump

Enterprise to help export first U.S. oil batch

Russia, Iran review gas cooperation potential

More drilling slated for Barents Sea

Oklahoma, Kansas among the few rig gainers

Oil continues gains on inventory draw

Monthly oil production in Texas down 8 percent

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

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