Oil and Gas News

January 15, 2016

Oil pressures spreading, Dallas Fed finds
Dallas (UPI) Jan 14, 2016
A survey from the Dallas Federal Reserve finds pressure from energy sector weakness may be spilling over into other parts of the economy. "Demand for oilfield services remained depressed as drilling declined in the Permian Basin and Eagle Ford shale," the Dallas Federal Reserve said in its Beige Book. "Cost cutting continued through reductions in employment and capital spending." The Railroad Commission of Texas, the state's energy regulator, issued 727 original drilling permits in Decem ... read more

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Lundin: Statoil buy a vote of confidence The acquisition by Norwegian energy giant Statoil of a minority stake is a vote of confidence for regional operations, Lundin Petroleum's CEO said Thursday. ... more		Industry impact on low oil prices 'brutal' Nearly 3 million barrels of oil developments may see production delays given the capital pressure from lower crude oil prices, Wood Mackenzie finds. ... more		Shell lease requests offshore Alaska face scrutiny A group of environmental activists filed a challenge to leases held by Royal Dutch Shell in Alaskan waters, citing the need to act on behalf of the climate. ... more
				Norway asks oil and gas players to take long view With more than half of the potential reserves offshore Norway untapped, the government said the industry needs to take the long view in the depressed market. ... more		GAO: Only 6 confirmed market players in Iran's energy sector Ahead of the so-called Implementation Day, a U.S. federal report found only six foreign companies were working in the Iranian energy sector last year. ... more

Crude oil prices move higher on shades of optimism Broad signs of steady, albeit uneven growth, in the global economy and resilience in London gave crude oil prices a shot in the arm in Thursday trading. ... more		State tax revenue squeezed by oil prices 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. ... 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		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

Military Radar Summit 2016 - Washington DC - February 29

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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		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		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		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

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

Canadian Oil Sands declares victory		Oil prices continue slide		Saudis defend fiscal health		Putin says economy under threat		Statoil responding to onshore gas leak
Canada gives nod to 40-year LNG export license		Rig counts down 20 percent		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

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