Oil and Gas News

January 07, 2016

TransCanada to sue US for $15 bn over Keystone XL pipeline rejection
Montreal (AFP) Jan 6, 2016
TransCanada said Wednesday it will sue the US government for US$15 billion for blocking its project for an oil pipeline linking Canada with the Gulf of Mexico. TransCanada Corp. said the denial of a permit to complete the pipeline "was arbitrary and unjustified" under the North American Free Trade Agreement, and that the decision also exceeded the constitutional powers of US President Barack Obama. The Obama administration decided in October to deny the Canadian company a permit to construct a k ... read more

Previous Issues

Jan 06

Jan 05

Jan 04

Jan 03

Jan 01

Oil takes it on the chin with heavy losses Crude oil prices suffered heavy losses in early Wednesday trading as macroeconomic concerns continued to trump worries over Middle East tensions. ... more		Kurds make payments for oil exports Energy companies working in the Kurdish north of Iraq said they've received payments from the regional government for crude oil exports. ... more		Market fundamentals driving oil for now, analysis finds The glut of oil on the global market is diminishing the prospects that tensions between Iran and Saudi Arabia will cause a spike in oil prices, analysis finds. ... more
				Shale-rich Oklahoma facing budget crisis While emerging as a shale leader in the United States, the governor of Oklahoma said the state is facing 2016 with a major gap in its budget. ... more		Faroe Petroleum ups reserve estimate Riding on the potential of its Norwegian assets, mid-sized energy company Faroe Petroleum said its reserve holdings for 2015 nearly doubled. ... more

U.S. shale player Pioneer expects higher output U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market. ... more		Appetite for mergers in energy sector drying up Despite some planned mega-mergers, market uncertainty meant few companies were willing to join forces in last year's weakened energy economy, analysis finds. ... 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		U.S. oil storage at record high 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. ... more
				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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

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

Iran tensions pull crude oil prices higher		Canadian Oil Sands declares independence		French jets strike IS oil sites in Syria: minister		Study assessed impacts of Deepwater Horizon oil spill on sea turtles		Ten Trillion Dollars Needed To Avoid Massive Oil Price Spike: OPEC
Canadian Oil Sands defends value against bid		Brazil defends treasures of its 'Blue Amazon'		Oil production costs low, Iran says		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

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