Oil and Gas News

January 06, 2016

U.S. oil storage at record high
Louisville, Ky. (UPI) Jan 5, 2016
The amount of crude oil held at the main U.S. storage hub in Cushing, Okla., set a record to start off 2016, market analysis from Genscape finds. By more than 340,000 barrels, the amount of crude oil in storage in Cushing beat the previous record set April 14, a report finds. Genscape said a combination of year-end tax strategies and fundamentals in the crude oil market were in part behind the increase in storage. The April high was set when the price for West Texas Intermediate crude oi ... read more

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Jan 05

Jan 04

Jan 03

Jan 01

Dec 31

Putin reviews environmental agenda Weeks after a breakthrough U.N. agreement on climate issues, Russian President Vladimir Putin said next year would be the year of the environment in Russia. ... more		Statoil awards $1.2 billion in offshore contracts Norwegian energy company Statoil said it awarded contracts worth an estimated $1.2 billion for work on the country's continental shelf. ... more		Oklahoma proposes oil restrictions after quakes A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes. ... more
				Suncor takes turn in shareholder push In a persuasion tit-for-tat, Suncor called on shareholders at Canadian Oil Sands Ltd. to agree to their bid before it expires Friday in order to protect value. ... more		Gas prices stay below $2 per gallon An abundant supply of crude oil means U.S. motorists could continue to enjoy the economic benefits of lower retail gasoline prices, market analysis find. ... more

Oil prices turn lower as attention turns to China Global economic concerns moved to the forefront on the second trading day in 2016, erasing oil price gains sparked Monday by tensions in the Middle East. ... more		Statoil to review CCS potential offshore Norway 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. ... 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		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

Military Radar Summit 2016 - Washington DC - February 29

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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		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		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		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

	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

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

Oil, gas wages for Colorado strong		Oil prices deflate as year winds down		No limit to output, Saudi Arabia says		New North Sea oil production begins		Texas manufacturing offsetting oil sector weakness
Siberian oil output to be supported by tax overhaul		Oil recovers from Monday's downfall		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

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