Oil and Gas News

February 18, 2016

Oil flowing from British shale
London (UPI) Feb 17, 2016
A British energy company said Wednesday shale oil continued to flow naturally to the surface, a day after it declared high rates from its Horse Hill license. Light, sweet crude oil was flowing naturally to the surface one day after U.K. Oil & Gas Investments said oil was coming up from the surface at a controlled rate of 456 barrels of oil per day. Located near the airport of the same name, the company dubbed the flow the "Gatwick Gusher." "The well continues to produce high quali ... read more

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Suit in Oklahoma ties fracking to earthquakes Environmental advocacy group Sierra Club said it filed a lawsuit against energy companies involved in Oklahoma shale in part because of the rise of earthquakes. ... more		Iraq Kurds say will accept PM's oil for salaries deal Iraq's autonomous Kurdish region said Wednesday that it would halt independent oil sales if Baghdad pays its employees, but cast doubt on the federal government's ability to implement the proposal. ... more		Woodside Petroleum bracing for weakness Supply-side pressures are expected to last through most of 2016 and continue to pressure growth opportunities, Australia's Woodside Petroleum said. ... more
				Statoil cancels Maersk rig contract Norwegian energy company Statoil said Wednesday it decided to cancel a rig contract with Maersk Drilling, transferring the terms to French supermajor Total. ... more		Oil soars as ministers meet in Tehran Crude oil prices soared in Wednesday trading as petroleum ministers reviewed productions levels in Tehran, even as Iran maintains defense of its market share. ... more

Does living near an oil or natural gas well affect your drinking water "The answer to that question is usually 'no,' but there are exceptions," said Stanford Professor Rob Jackson, a professor of Earth system science at Stanford University, and a senior fellow at the S ... more		Iraq Kurds made $3.94 bn from direct oil sales in 2015 Iraq's autonomous Kurdish region announced on Tuesday that it made over $3.94 billion last year from direct oil export sales that the country's federal government considers illegal. ... 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		Retail gas prices may be at seasonal low point U.S. retail gasoline prices continue to fall, though with oil production cuts on the table, consumer may be enjoying the last of the savings, analysts said. ... more
				Oil-rich Oklahoma looks to tourism for revenue The governor of Oklahoma, which is facing a budget gap in part because of low oil prices, said she was looking to tourism as a possible financial life line. ... more		EU aims for more diverse energy sector A European energy strategy aims to counter geopolitical threats to supplies while at the same time considering global climate initiatives, a commissioner said. ... more

Military Radar Summit 2016 - Washington DC - February 29

Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review

Statoil makes green investments Norwegian energy company Statoil announced the launch of a new $200 million investment fund to help drive a strong renewable energy growth strategy. ... more		OMV brings Statoil to New Zealand Austrian energy company OMV said its New Zealand subsidiary was bringing Norwegian energy giant Statoil on as a partner for offshore exploration. ... 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		Oil struggles for gains despite latest production talks An overnight rally in crude oil prices sparked by the latest talk of production cuts from OPEC members lost steam after analysts took stock of output data. ... more
Alexei Miller re-elected to lead Gazprom Russian energy company Gazprom announced it appointed Alexei Miller to serve for another five-year term that would end in 2021. ... more		Iraq PM offers cash-strapped Kurds salaries for oil Iraq's federal government will pay the salaries of the cash-strapped Kurdish region's employees if it halts its independent oil exports, Prime Minister Haider al-Abadi said Monday. ... more		Several quakes strike oil-rich Oklahoma The U.S. Geological Survey reported at least 9 minor earthquakes since the weekend in Oklahoma, a state wary of the connection between fracking and tremors. ... more		Oil spills in Peruvian Amazon hit wildlife Two recent oil pipeline spills in Peru's part of the Amazon hit areas rich in wildlife and it will take them a year to recover, the government said Monday. ... more

	Oil ticks slightly higher, though Japan clouds momentum Japanese economic data Monday showing lingering weakness provided a throttle on momentum sparked last week by OPEC production cut rumors. ... more		North Dakota rig count moves lower North Dakota exploration and production activity held below the most recent historic low point Monday, with the No. 2 oil producer losing a rig from last week. ... 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

No discounts for oil, Iran says		BG Group fully incorporated under Shell		UAE's Dana Gas bucks trends with profit		Construction for Johan Sverdrup platform begins		EIA revises Oklahoma oil production higher
Iran again postpones London energy summit		California gas leak under control		More natural gas found offshore Myanmar		Firm aims to support hobbled offshore drillers		OPEC rumors again drive oil higher

TransCanada says position strong without KXL

PBF Energy reports lower income

EIA: U.S. energy spending down sharply

DNO upbeat on Kurdish oil payments

Continental's proven reserves drop

Oil prices tumble after Fed testimony

End of the line for BG Group

Oil mixed after OPEC report

Sechin: Rosneft could go private

Iran addressing high unemployment

OPEC: Oil in Americas under pressure

Tullow cuts spending guidance by 18 percent

Petroleum reservoir simulation using super element method

Suncor replaces board at Canadian Oil Sands

Aussie oil company gushing over Cuba

Retail gasoline selling for a bargain

IEA demand forecast drags on oil prices

Chesapeake recovers some share value

North Dakota continues shedding rigs

Rig contract cancelled for Transocean

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