Oil and Gas News

January 30, 2016

BG shareholders still reviewing Shell merger
London (UPI) Jan 28, 2016
Shareholders for BG Group were said to be still in discussions on the tie-up with Royal Dutch Shell for what could be the largest merger of its kind in decades. Sources familiar with the agenda said meetings were still underway in London as of 12:15 p.m. local time. Shareholders are being asked whether to accept an offer to combine with Royal Dutch Shell. The $7 billion combination will be one of the largest mergers of its kind since Exxon and Mobil joined in the 1990s. More than 80 perc ... read more

Previous Issues

Jan 28

Jan 27

Jan 26

Jan 25

Jan 23

U.S. oil exports relatively unchanged Though a 40-year-ban on crude oil exports from the United States was lifted, federal data show total crude oil exports up only marginally from last year. ... more		Oil prices soar on production rumors, U.S. labor Strong U.S. labor figures and potential cooperation between Russia and some OPEC members pushed crude prices well into the black in early Thursday trading. ... more		Enbridge builds footprint in Montney shale Spending $380 million to build a stronger footprint in the Montney shale basin in Canada fits with creating a low-risk profile, Enbridge Inc. said. ... more
				Canada to consider CO2 emissions in approving new pipelines Canada's environment and resources ministers announced Wednesday a new framework for approving the construction of pipelines that must consider the direct and upstream greenhouse gas emissions linked to the projects. ... more		Canadian oil constricted without new pipelines Canadian oil production is on pace to increase substantially, though momentum may be throttled without new pipelines, federal analysis finds. ... more

Baker Hughes posts hefty loss Oilfield services company Baker Hughes said results for the fourth quarter of 2015 reflected what the company's CEO said was an "extremely" rough climate. ... more		Increasing oil's performance with crumpled graphene balls When an automobile's engine is improperly lubricated, it can be a major hit to the pocketbook and the environment. For the average car, 15 percent of the fuel consumption is spent overcoming frictio ... 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		In Gulf Of Mexico, microbes thrive above natural oil seeps In the water above natural oil seeps in the Gulf of Mexico, where oil and gas bubbles rise almost a mile to break at the surface, scientists have discovered something unusual: phytoplankton, tiny mi ... more
				Oil not moving in favor of Texas Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said. ... more		Shell shareholders approve merger with BG Group More than 80 percent of shareholders in Royal Dutch Shell voted in favor of combining with British energy company BG Group, the Dutch supermajor said. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Bill Barrett Corp. weighing 2016 options Bill Barrett Corp., which focuses on Colorado shale, said it was weighing its options for 2016 after reported a 9 percent decline in 2015 capital expenditures. ... more		Scotland wants tax support for North Sea energy The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production. ... more		Alien civilizations may be far rarer than hoped study suggests Mapping the Universe faster without sacrificing precision Mysterious 'red dots' in early universe may be 'black hole star' atmospheres		Hess Corp. posts net loss of $396 million for fourth quarter A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year. ... more
Crude oil prices fade after inventory build Crude oil prices retreated into negative territory in early Wednesday trading amid data showing important economies were still oversupplied. ... more		Continental Resources sees output dwindling U.S. shale player Continental Resources said weakness in the energy sector will manifest itself in a slow decline in overall production through 2016. ... more		Oil-rich Saudis tilts toward more openness With the privatization of its state-owned oil company on the agenda, a Saudi competition director called for more government support for market newcomers. ... more		Kuwait, Iraq say OPEC will not cut output alone The Kuwaiti and Iraqi oil ministers said on Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the plunge in crude prices. ... more

	Iran, Italy sign energy agreements Italian energy company Saipem said it signed an agreement to explore the option for working in the opening Iranian oil and gas sector. ... more		China starts gas production with Chevron China's largest energy company said it started commercial gas production from a field located in the Sichuan basin in southwest China. ... 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

Aliso gas leak effort in final phase		Gas prices volatile, but remain low		Hess trims spending guidance		Crude oil recovers from Monday's loss		ExxonMobil sees lower 'carbon intensity' in 2040
Iran's Rouhani embarks for European trade tour		Will oil prices rebound in 2016		North Dakota rig count down 20 percent so far this year		OPEC losing clout, energy chief says		Oil services company Halliburton posts deep loss

Turkey a vital energy partner, EU says

Texas oil production slumps 5 percent

Schlumberger sees little chance of market recovery

Russia sees oil settling near $30 per barrel

Lundin sells Malaysian infrastructure

Moody's: Low cash flow for oil and gas drillers

Crude oil prices move up 5 percent

BP sees no rush to tap into Iran

Energy spending cuts may usher in recovery

Gazprom mulls LNG options for Pakistan

Total scales back role in Russian oil field

Iraq faces 'harsh year' due to oil price fall: minister

Canada's Trudeau sees low-carbon opportunities

Woodside to take $1.2 million write off

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

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