Oil and Gas News

November 21, 2016

Commercial production started at giant Kashagan oil field
Astana, Kazakhstan (UPI) Nov 21, 2016
Commercial production from the giant Kashagan oil field in the Caspian waters of Kazakhstan has begun, a spokesperson for a regional operating company said. Production at Kashagan, which holds an estimated 16 billion barrels of oil, was halted in October 2013, less than a month after it started, when a pipeline associated with the field cracked open. Ainash Chengelbayeva, a spokesperson for the North Caspian Operating Company, said in response to emailed questions the field was now up an ... read more

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Bangladesh gets help with gas assets A loan totaling more than $150 million will help Bangladesh address the mounting energy challenges in its expanding economy, the Asian Development Bank said. ... more		Oil prices rally on production proposal support Crude oil prices opened the shortened trading week in rally mode as leaders from major oil-producing nations expressed support for a production proposal. ... more		Iran sees a 25 percent recovery in crude oil prices OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran's oil minister said. ... more
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				Some tough choices for Alberta's oil-based economy The central component of economic hardship in the oil-rich Canadian province of Alberta is a lack of diversification, the provincial leader said. ... more		How Iran and Russia are locking step on oil A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said. ... more

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	Obama declares parts of Arctic off-limits for oil drilling US President Barack Obama on Friday declared portions of the Arctic off-limits for oil exploration for the next five years, dealing a blow to Republican efforts to expand fossil fuel extraction. ... more		Iraqi firefighters battle to tame IS oil well fires Clad in red helmets and surgical masks, the firefighters emerged exhausted from the massive column of smoke streaming almost incessantly out of an oil well in northern Iraq. ... more

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