Oil and Gas News

January 12, 2016

North Dakota rig count off 3 percent
Bismarck, N.D. (UPI) Jan 11, 2016
The rig count in North Dakota, the No. 2 oil producer in the nation, continues to move lower following a heavy weak of declines in crude oil prices. The North Dakota Industrial Commission reports a rig count for Monday at 58, down about 3 percent, or 2, from last week. The previous record low since the modern shale era for the state was 63 set in November 2009. The all-time low is zero. Enduring weakness in terms of crude oil prices is reflected in part in lower rig counts. Oil field ser ... read more

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Jan 06

MOL, Gulf Keystone give up Kurdish stake After an assessment of the block's potential, Hungarian energy company MOL and its partners gave up their stake in an oil field in the Kurdish north of Iraq. ... more		Hoeven: U.S. fighting for oil dominance The United States is engaged in battle with global producers to see who can ensure the future demand for crude oil, a Republican senator from North Dakota said. ... more		Canadian Oil Sands declares victory Canadian Oil Sands Ltd. declared victory Monday by saying its shareholders overwhelmingly rejected a hostile takeover bid from rival Suncor Energy Inc. ... more
				Oil prices continue slide A downbeat assessment of the Chinese economy added fuel to a fire that began last week, dragging crude oil prices lower in early Monday trading. ... more		Saudis defend fiscal health The Saudi government said Monday its financial house is in order despite the negative pressure exerted by historically low crude oil prices. ... more

Putin says economy under threat With oil prices collapsing below 10-year lows, Russian President Vladimir Putin said one of the greatest threats to his country was an economic one. ... more		Statoil responding to onshore gas leak Norwegian energy company Statoil said it was burning off some of the gas while it depressurizes an onshore processing center following a gas leak. ... more		No picnic: How to survive a bear encounter; as Japan battles spike in attacks COP30: Indigenous peoples vital to humanity's future India mega-zoo in spotlight again over animal acquisitions		Canada gives nod to 40-year LNG export license The federal Canadian government said it approved a 40-year export license for liquefied natural gas from a facility set for the shores of British Columbia. ... more
				Rig counts down 20 percent Oil field services company Baker Hughes said Friday the international rig count for December was down nearly 20 percent from 2014 levels. ... more		Saudi Aramco mulls IPO The world's largest oil company, Saudi Aramco, said Friday it was reviewing the potential to list its shares on the public market for the first time. ... more

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Oil prices slip further on China worries Oil prices fell further Monday on persistent worries about China's growth slowdown and a supply glut, but analysts said tensions between producer giants Iran and Saudi Arabia could provide some support. ... more		We've never lost, U.S. tells TransCanada Under threat from a TransCanada lawsuit, the U.S. government said it was confident the decision made on the Keystone XL oil pipeline was in line with the law. ... more		Bezos's Blue Origin postpones rocket launch over weather SpaceX launches 29 satellites after fireball spotted in the sky Solein protein tech moves toward ISS zero-gravity pilot project		Feds wade into California gas leak response The U.S. government said it was providing technical support to California utility regulators working to stem a leak from a natural gas storage facility. ... more
Oil short-circuits on Chinese circuit breaker A second emergency halt to trading on the Chinese stock market in less than a week sent crude oil prices tumbling further in early Thursday trading. ... more		Oil prices bruising Norway's energy sector Norwegian geoservices company TGS said the weakened crude oil market has taken its toll as fourth quarter revenues fall more than 50 percent from last year. ... more		Ukraine challenges Russian gas project Ukrainian energy company Naftogaz said it filed an official complaint in Europe, arguing Russian gas pipeline expansion plans would limit competition. ... more		TransCanada to sue US for $15 bn over pipeline rejection TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the firm said on Wednesday. ... more

	GasBuddy: Another year of low gas prices The average price for a gallon of gasoline in the United States is expected to drop in 2016 for the fourth straight year of declines, a market forecast finds. ... more		TransCanada to sue over KXL decision TransCanada said it filed legal action against the United States for the rejection of the Keystone XL oil pipeline, arguing it was protecting its investments. ... more

European Response to Escalating Space Security Crisis

BlackSky to deliver advanced Gen-3 tactical ISR capabilities to international customer

Geopolitical instability and AI drive transformation in EO market

TransCanada to sue US for $15 bn over Keystone XL pipeline rejection		Oil takes it on the chin with heavy losses		Kurds make payments for oil exports		Market fundamentals driving oil for now, analysis finds		Shale-rich Oklahoma facing budget crisis
Faroe Petroleum ups reserve estimate		U.S. shale player Pioneer expects higher output		Appetite for mergers in energy sector drying up		U.S. oil storage at record high		Putin reviews environmental agenda

Statoil awards $1.2 billion in offshore contracts

Oklahoma proposes oil restrictions after quakes

Suncor takes turn in shareholder push

Gas prices stay below $2 per gallon

Oil prices turn lower as attention turns to China

Statoil to review CCS potential offshore Norway

Woodside finds gas offshore Myanmar

Cairn finds oil off the coast of Senegal

Oil-rich Saudi Arabia facing rough year

British energy sector facing risks

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

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