Oil and Gas News

January 13, 2016

Another setback for Canadian pipelines
Vancouver, British Columbia (UPI) Jan 12, 2016
The provincial government of British Columbia said it did not support efforts by pipeline company Kinder Morgan to expand a regional crude oil network. Kinder Morgan petitioned the federal Canadian government to expand the existing Trans Mountain pipeline network to triple its capacity to around 890,000 barrels of oil per day. The provincial government in British Columbia said it wasn't confident the company had done enough to address spill potential from the system. "Because of this, th ... read more

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OPEC rumors give oil prices a rare lift Crude oil prices recovered some lost ground in early Tuesday trading amid suggestions members of OPEC could meet to discuss the weak price environment. ... more		BP cuts staff from North Sea operations British energy company BP said Tuesday it would trim around 600 from its payroll to ensure it remains competitive in the North Sea environment. ... more		Gas prices follow crude oil lower The average price for a gallon of regular unleaded gasoline in the United States is the cheapest it's been in nearly seven years, retail market analyses find. ... more
				North Dakota rig count off 3 percent 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. ... more		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		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		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

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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		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		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		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		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		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

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

Ukraine challenges Russian gas project		TransCanada to sue US for $15 bn over pipeline rejection		GasBuddy: Another year of low gas prices		TransCanada to sue over KXL decision		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

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