Oil and Gas News

January 19, 2016

Oceana latest to call for end to Shell's Alaska program
Arlington, Va. (UPI) Jan 15, 2016
Conservation group Oceana became the second such organization to intervene in the consideration of Shell's leases offshore Alaska on environmental grounds. Shell is appealing to the U.S. federal government to ensure leases for exploration activity in the Beufort and Chukchi Seas expire as expected. In September, the company found evidence of oil and natural gas in its Burger exploration well located in the area, but not enough to warrant further activity. Federal leases expire at the end ... read more

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Jan 12

Iran boosts oil production, condemns new sanctions Iran announced a major boost in oil production on Monday after the lifting of sanctions under its nuclear deal, while condemning new US measures against its missile programme. ... more		Fracking in Alberta: daily quakes and thirsty residents One earthquake is recorded on average each day in a western Canadian region where companies extract oil by fracking, according to statistics published by the Canadian province's energy regulatory agency. ... more		BHP Billiton taking huge U.S. onshore charge Australian energy giant BHP Billiton said it was taking a $7.2 billion charge on its U.S. onshore assets, saying sector weakness was expected to endure. ... more
				Chevron close to first Australian LNG export The Australian subsidiary of Chevron said it started cooling its liquefied natural gas systems ahead of what's expected to be the loading of its first exports. ... more		Crude oil falls below $30 per barrel Another round of weakness in the Chinese stock exchange and the imminent release of Iranian sanctions pushed crude oil prices below $30 per barrel Friday. ... more

Former Chesapeake boss eyes Argentinean shale American Energy Partners, led by former Chesapeake Energy CEO Aubrey McClendon, said it would bring U.S.-style shale momentum to Argentina. ... more		Gazprom posts strong European sales Russian energy company Gazprom said it sold more natural gas to European companies and yielded more profit for the nine months ending Sept. 30. ... 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		Oil pressures spreading, Dallas Fed finds A survey from the Dallas Federal Reserve finds pressure from energy sector weakness may be spilling over into other parts of the economy. ... more
				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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

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

Another setback for Canadian pipelines		OPEC rumors give oil prices a rare lift		BP cuts staff from North Sea operations		Gas prices follow crude oil lower		North Dakota rig count off 3 percent
MOL, Gulf Keystone give up Kurdish stake		Hoeven: U.S. fighting for oil dominance		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

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