Oil and Gas News

February 03, 2016

Oil squeezing Oklahoma's budget
Oklahoma City (UPI) Feb 2, 2016
State agencies in Oklahoma may be facing budget cuts of at least 10 percent in part because of the pressure from lower oil prices, the governor said. "We've seen a 70 percent drop in oil prices in less than two years, which has a tremendous impact on our revenue," Oklahoma Gov. Mary Fallin said in her annual State of the State address. "There is an excess supply of oil and natural gas in the marketplace, and instability in worldwide markets doesn't help." In 2014, when oil prices were ne ... read more

Previous Issues

Feb 02

Feb 01

Jan 31

Jan 30

Jan 29

Oil sharply lower on weak earnings Weak fourth quarter reports from the energy sector helped sustain downward momentum sparked by China, leading to a lower opening Tuesday for crude oil prices. ... more		Scotland offers more support for energy sector Following plans to help energy workers with new training, the Scottish government said it was offering support to protect oil and gas companies from risk. ... more		Exxon posts profit, but not a very strong one U.S. supermajor Exxon Mobil said it still managed to post earnings during the fourth quarter, though results were lower year-on-year by more than half. ... more
				Refinery issues tug on gas prices Refinery issues may be pulling the U.S. national average price for gas higher, though low crude oil prices are keeping the average below $2, AAA said. ... more		Anadarko latest to suffer fourth quarter loss U.S. shale and offshore player Anadarko Petroleum announced plans to cut spending after posting a fourth quarter loss of $1.25 billion. ... more

Iraq oil exports up but revenue plunges on low prices 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. ... more		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		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		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

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

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		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		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		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

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

In Gulf Of Mexico, microbes thrive above natural oil seeps		U.S. oil exports relatively unchanged		Oil prices soar on production rumors, U.S. labor		Enbridge builds footprint in Montney shale		Canada to consider CO2 emissions in approving new pipelines
Canadian oil constricted without new pipelines		Shale-rich Oklahoma funding earthquake research		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

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