Oil and Gas News

February 08, 2016

U.S. rig count drops 8 percent
Houston (UPI) Feb 08, 2016
The total number of rigs actively exploring for or producing oil and gas in the United States dropped more than 8 percent, Baker Hughes reports. In its monthly report for January, Baker Hughes, which provides services for the upstream oil and gas sector, said the U.S. rig count for January was 654, down 8.4 percent from the previous month. Lower crude oil prices means energy companies have less capital to invest in exploration and production, a trend loosely reflected in rig counts. U.S. ... read more

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Feb 01

Kurds pay out for crude oil exports With formal statehood under consideration, the Kurdish government continues to make its regular payments for crude oil exports, Genel Energy said. ... more		House scoffs at Obama's proposed $10 oil fee Republican leaders in the U.S. House said a White House proposal to impose a $10-per-barrel tax on U.S. oil stands no chance of gaining legislative traction. ... more		BG Group ends independence on high note In its last report as an independent company, BG Group said it was one of the few companies in the struggling sector to report a full-year profit. ... more
				Canada's Suncor trims spending Canadian energy company Suncor, after a success hostile takeover of a rival, reported a fourth quarter net loss of almost $1.5 billion. ... more		Wood Mac: Production not fading with oil prices Despite the dramatic decline in crude oil prices since mid-2014, consultant group Wood Mackenzie finds production has yet to see significant curtailments. ... more

Oil lower on U.S. jobs data Crude oil prices turned modestly lower at the opening bell Friday after reports showed the U.S. labor sector is starting to cool down. ... more		Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts Is lignin the crude oil of the future? Maybe so, thanks to the Sun and photocatalysts! We associate refineries with crude oil and a dense tangle of technical fittings. They may, however, change in t ... 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 lands Chinese LNG deal French energy company Total said Thursday it signed a breakthrough binding agreement for the delivery of liquefied natural gas to the Chinese market. ... more
				Statoil cuts spending to prepare for rebound Norwegian energy company Statoil said Thursday it was cutting spending for the year in an effort to position its portfolio for growth once the market recovers. ... more		Market is brutal, Weatherford says Noting the "brutality" of the oil sector downturn, field services company Weatherford International said it was looking to trim up to 6,000 jobs. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

EU still net energy importer Members of the European Union imported more than half of their energy in 2014, data from the region's statistics office showed. ... more		Conoco trims dividends, Shell earnings down 80 percent It's unclear how long the oil market will remain suppressed so the best course of action is to cut back and wait for recovery, Conoco Phillips said Thursday. ... 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		Chevron reports minor spill in the Philippines Chevron confirmed its Philippines subsidiary suffered a spill during the loading of fuel, but noted the leak was fully contained within hours of the incident. ... more
Oil prices up in volatile trading Crude oil prices moved in volatile territory Thursday after a string of poor earnings reports balanced against ongoing rumors of potential production cuts. ... more		City of Washington, D.C., says 'no' to offshore drilling Advocacy group Oceana said it welcomed Washington, D.C., to a growing list of local governments expressing opposition to drilling in the Atlantic Ocean. ... more		Iran ahead of the game, Moody's finds Steering the region's second-largest economy through Western sanctions means Iran is in a unique position to weather an oil sector downturn, Moody's said. ... more		Lundin suffers major losses in 2015 Swedish energy company Lundin Petroleum reported its worst quarterly results ever, though its president said the market may be approaching bottom. ... more

	Oil up on U.S. jobs, production rumors Signs of a resilient U.S. labor sector and ongoing rumors about oil production deals pulled crude oil back above $30 per barrel in Wednesday trading. ... more		Alberta goes all-in on economic diversity The provincial government of Alberta reshaped its ministerial portfolio to help usher in a new scheme for economic diversity, Premier Rachel Notley said. ... 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 squeezing Oklahoma's budget		Oil sharply lower on weak earnings		Scotland offers more support for energy sector		Exxon posts profit, but not a very strong one		Refinery issues tug on gas prices
Anadarko latest to suffer fourth quarter loss		Friends of the Earth: British fracking plans undemocratic		Iraq oil exports up but revenue plunges on low prices		Oil starts February in the red		Oil prices fall on weak China data, dimming deal hopes

Leviathan gas to supply Israeli market

Shell divesting from Malaysia

Scotland offers aid to North Sea energy workers

Total signs agreement with Iran

Russian Central Bank sees risk from oil

Texas to share shale strategies with Mexico

Chevron posts first loss in more than 10 years

Oil smiles on Bank of Japan moves

Lundin trims spending, but output will be higher

BG shareholders still reviewing Shell merger

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

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