Oil and Gas News

January 26, 2016

ExxonMobil sees lower 'carbon intensity' in 2040
New York (AFP) Jan 25, 2016
Global energy demand will rise by 25 percent through 2014, but greater use of low-carbon fuels will cut carbon emission relative to economic activity, said an ExxonMobil forecast released Monday. The petroleum giant said oil will still be the biggest source of energy in 2040, but natural gas will move into second place, as use of coal ebbs in response to tighter regulations on carbon dioxide. The shifts will enable the global economy to cut in half its "carbon intensity," a benchmark of carbon ... read more

Previous Issues

Jan 25

Jan 23

Jan 22

Jan 21

Jan 20

Iran's Rouhani embarks for European trade tour With the nation's oil minister in tow, Iranian President Hassan Rouhani left Tehran for his first post-sanctions tour of European countries. ... more		Will oil prices rebound in 2016 Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost and Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 20 ... more		North Dakota rig count down 20 percent so far this year The number of rigs exploring for oil and natural gas in North Dakota is down roughly 20 percent from the start of the year, state data show. ... more
				OPEC losing clout, energy chief says The Organization of Petroleum Exporting Countries is fading, though Middle East producers may reign supreme, the CEO of Italian energy company ENI said. ... more		Oil services company Halliburton posts deep loss Steep declines in the North American market were in part behind the 9 percent decline in revenue, oil field services company Halliburton said. ... more

Turkey a vital energy partner, EU says Turkey is a fundamental partner in the drive to ensure the European energy sector is well supplied and free from dominance, the European Commission said. ... more		Texas oil production slumps 5 percent Crude oil production of 70.9 million barrels in November for Texas was nearly 4 million less than the previous month, a state energy regulator said. ... 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		Schlumberger sees little chance of market recovery With North American investments at historic lows, there are few signs of short-term recovery in the energy sector, services company Schlumberger said. ... more
				Russia sees oil settling near $30 per barrel Oil market volatility can't last very long, as $30 per barrel may emerge as the low-point for the year, the head of a Russian financial services company said. ... more		Lundin sells Malaysian infrastructure Swedish energy company Lundin Petroleum said it was taking in cash after shedding infrastructure in Malaysia it said is not part of its core business strategy. ... more

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Moody's: Low cash flow for oil and gas drillers North American companies focused on exploration and production can expect the market to deteriorate further as low oil price pressures endure, Moody's said. ... more		Crude oil prices move up 5 percent Assurances about the pace of economic growth spilled into Friday trading, giving crude oil prices a major lift, though Iran may emerge as a short-term factor. ... more		Orbit Over Obsolescence: How Satellite Constellations Are Replacing Cell Towers One Layer at a Time Alien civilizations may be far rarer than hoped study suggests Mapping the Universe faster without sacrificing precision		BP sees no rush to tap into Iran Though doors are opening to the Iranian energy sector, BP's top executive Bob Dudley said few investors will rush in on a whim. ... more
Energy spending cuts may usher in recovery The decline in oil prices has led to a steep drop in spending, which could pull markets away from the supply side and lead to recovery, Fitch Ratings said. ... more		Gazprom mulls LNG options for Pakistan Russian energy company Gazprom said one of the more promising areas for cooperation with Pakistan was in the field of liquefied natural gas. ... more		Total scales back role in Russian oil field French energy company Total said it may transfer half of its stake in a Russian operation to a national player, but maintained a strong interest in the region. ... more		Iraq faces 'harsh year' due to oil price fall: minister Oil revenues that supply the vast majority of Iraqi government funds are "very limited", with crude trading at half the value projected in the budget, the finance minister said Thursday. ... more

	Canada's Trudeau sees low-carbon opportunities The Canadian economy can strike the right balance between heavy oil and natural gas and the need to address climate change, the prime minister said. ... more		Woodside to take $1.2 million write off Australian energy company Woodside Petroleum said it expects to write off up to $1.2 million from 2015 earnings, but maintained it can weather the storm. ... 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

Oil ticks lower after ECB rate decision		NGOs call for oil drilling ban at Africa's Virunga wildlife park		Sponge-like material can store natural gas		China's Xi opens refinery with Saudi King Salman		Shell not sure when recovery will emerge
Kurdish oil player Genel sees trouble ahead		EIA: Oil markets won't balance until 2017		China oil giant targets first output cut for a decade		Iran's Khamenei: Economic recovery is on us		Vietnam warns China over oil rig deployment

AAA: Savings at the pump starting to plateau

Crude oil moves lower as pessimism sets in

API: Regulations to blame for market slump

The trio who led Saudi Arabia's year of change

Shell lease requests offshore Alaska face scrutiny

Chevron in Chinese deal for LNG deliveries

CNOOC trims production guidance

Alberta's economy pinched by oil

Chinese president in Saudi Arabia to bolster ties

Iraq aims to cut spending on oil companies as prices dive

IMF lowers economic forecast for Saudi Arabia

Oil price leverage failed, Iran says

U.S. shale player Sanchez cuts spending

Crude oil edges higher on Chinese data

Oceana latest to call for end to Shell's Alaska program

Iran boosts oil production, condemns new sanctions

Fracking in Alberta: daily quakes and thirsty residents

BHP Billiton taking huge U.S. onshore charge

Chevron close to first Australian LNG export

Crude oil falls below $30 per barrel

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