Oil and Gas News

January 14, 2016

State tax revenue squeezed by oil prices
Washington (UPI) Jan 13, 2016
Lower crude oil prices are starting to drain on tax revenues for some of the top producers in the country, a federal data review found. State reports on the direct impacts of lower crude oil prices are mixed, though some of the top shale oil and gas producers have touted positive momentum from diversified economies. The U.S. Energy Information Administration in a review of state data show for Texas, the nation's top oil producer, tax revenues from energy are down about 50 percent year-on ... read more

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Jan 08

Iran: No request for OPEC meeting Iran has received no formal request for an extraordinary meeting for members of the Organization of Petroleum Exporting Countries, its oil minister said. ... more		Africa-focused Tullow expects good year Africa-focused Tullow Oil said a business reset in 2015 meant it was starting the year with the financial buffer needed to yield strong production figures. ... more		Europe has questions about Baker, Halliburton merger U.S. oil services companies Halliburton and Baker Hughes said they'd work with European officials who said they're closely reviewing their proposed merger. ... more
				Oil tries again to rally A pull on U.S. crude oil inventories reflected some short-term balance in supply and demand, giving crude oil prices a shot at a rally in Wednesday trading. ... more		Fitch downgrades Hess Corp. to negative Moves by U.S. energy company Hess Corp. to streamline its portfolio leave it with few ways to diversify in the weak oil economy, Fitch Ratings said. ... more

Another setback for Canadian pipelines The provincial government of British Columbia said it did not support efforts by pipeline company Kinder Morgan to expand a regional crude oil network. ... more		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		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		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

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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		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 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

	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

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

Saudi Aramco mulls IPO		Oil prices slip further on China worries		We've never lost, U.S. tells TransCanada		Feds wade into California gas leak response		Oil short-circuits on Chinese circuit breaker
Oil prices bruising Norway's energy sector		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

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