Oil and Gas News

February 02, 2016

Iraq oil exports up but revenue plunges on low prices
Baghdad (AFP) Feb 1, 2016
Iraqi oil exports rose in January compared to the previous month but revenue fell by more than $650 million due to plunging crude prices, the oil ministry said on Monday. Baghdad is facing a financial crisis due to the fall in oil prices, which the ministry said averaged $22.21 in January - less than half the amount projected in the 2016 budget. Iraq exported an average of 3.28 million barrels per day in January, up from 3.21 million in December, but monthly revenue fell from $2.92 billion to $ ... read more

Previous Issues

Feb 01

Jan 31

Jan 30

Jan 29

Jan 28

Leviathan gas to supply Israeli market The partners controlling the Leviathan gas field off the Israeli coast announced they signed a deal for deliveries to a local electricity producer. ... more		Scotland offers aid to North Sea energy workers The Scottish government announced a new fund to help oil and gas workers find jobs in other parts of the energy sector as the market downturn lingers. ... more		Friends of the Earth: British fracking plans undemocratic A British plan to develop an industrial-scale shale natural gas industry within a decade is an "attack on democracy," an environmental campaign group said. ... more
				Oil starts February in the red As was the case with the start of January, weak economic data from China led to dramatic losses for crude oil on the first full trading day of the month. ... more		Oil prices fall on weak China data, dimming deal hopes Oil prices tumbled Monday following disappointing Chinese economic data and doubts about an imminent deal of major petroleum producers to cut output. ... more

Shell divesting from Malaysia Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there. ... more		Shale-rich Oklahoma funding earthquake research Mary Fallin, governor of emerging shale state Oklahoma, said she set aside more than $1 million in emergency funds to support earthquake research. ... 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		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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
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		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

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 constricted without new pipelines		Baker Hughes posts hefty loss		Increasing oil's performance with crumpled graphene balls		Oil not moving in favor of Texas		Shell shareholders approve merger with BG Group
Bill Barrett Corp. weighing 2016 options		Scotland wants tax support for North Sea energy		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

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