Oil and Gas News

February 01, 2016

Shale-rich Oklahoma funding earthquake research
Oklahoma City (UPI) Jan 29, 2016
Mary Fallin, governor of emerging shale state Oklahoma, said she set aside more than $1 million in emergency funds to support earthquake research. Fallin approved $1.38 million in one-time costs to support earthquake research to be directed by the Oklahoma Corporation Commission and the Oklahoma Geological Survey. "I'm committed to funding seismic research, bringing on line advanced technology and more staff to fully support our regulators at they take meaningful action on earthquakes," ... read more

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Total signs agreement with Iran French energy company Total said it signed a framework agreement to purchase crude oil from Iran during the Iranian president's trade visit to Paris. ... more		Russian Central Bank sees risk from oil The Central Bank of Russia said it was keeping its key rate unchanged, saying lower crude oil prices could lead to an accelerated rate of inflation. ... more		Texas to share shale strategies with Mexico Texas energy officials said they were offering advice to their Mexican counterparts on how best to create the necessary culture for potential shale exploration. ... more
				Chevron posts first loss in more than 10 years U.S. energy major Chevron Corp. said fourth quarter earnings were down sharply from last year and there are few signs of relief looking ahead. ... more		Oil smiles on Bank of Japan moves Crude oil prices edged higher in early Friday trading after the Bank of Japan cut interest rates, though pressure could emerge from fourth quarter earnings. ... more

Lundin trims spending, but output will be higher Swedish energy company Lundin Petroleum said it expected a strong production performance under a disciplined spending plan in the market downturn. ... 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		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		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
				BG shareholders still reviewing Shell merger 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. ... more		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

	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

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

Hess Corp. posts net loss of $396 million for fourth quarter		Crude oil prices fade after inventory build		Continental Resources sees output dwindling		Oil-rich Saudis tilts toward more openness		Kuwait, Iraq say OPEC will not cut output alone
Iran, Italy sign energy agreements		China starts gas production with Chevron		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

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