Oil and Gas News

December 13, 2016

Oil recovery may be emerging in North Dakota
Bismarck, N.D. (UPI) Dec 12, 2016
If state records are accurate when measured against industry data, the rig count in North Dakota gained significant ground after a weekend OPEC agreement. North Dakota, the No. 2 oil producer in the United States, serves as a relatively good metric to gauge industry sentiment as it provides rig numbers on a daily basis. Rig counts themselves provide a loose barometer as they indicate activity in the exploration and production side of the energy sector, though rig counts don't necessarily equate ... read more

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I'll solve the Dakota Access pipeline question: Trump If it's not "solved" by the time he's scheduled to take office in January, the U.S. president-elect vowed quick action on the Dakota Access oil pipeline. ... more		New lead aids development of super premium gasoline In contradicting a theory that's been the standard for over eighty years, researchers at the University of Illinois at Urbana-Champaign have made a discovery holding major promise for the petroleum ... more		Rosneft deal shielded from sanctions Russian media sources said last week's deal for the acquisition of shares of oil company Rosneft is outside the reach of Western-backed economic sanctions. ... more
				Finance sector warms to fossil fuel divestments: study Global funds are signalling plans to pull out of fossil fuel investments at a significant pace, a study showed Monday, one year on from the Paris Agreement to tackle global warming. ... more		Oil prices surge on yet another OPEC maneuver Crude oil prices soared to historic highs in early Monday trading in response to a weekend production agreement reached between OPEC and non-OPEC members. ... more

Leviathan gas field start date approved Partners behind one of the larger natural gas fields off the coast of Israel unveiled plans to start formal production operations in roughly three years. ... more		Eni brings another partner to Egyptian gas giant Italian energy company Eni said it was selling off a stake in an Egyptian gas field to a Russian company to help bring quick monetary success to the project. ... more		Ancient zircon data reveals tectonic origin of Earth's first continental crust Autonomous sub explores unexplored trench depths to reveal critical mineral clues Europe launches first geostationary atmospheric sounder to boost extreme weather forecasts		Moody's: A few 'ifs' for Iran's budget plans Iran's budget plans for the post-sanctions era are supportive of growth, but a Trump administration and oil prices could present obstacles, Moody's said. ... more
				Nerves enough to send oil prices higher Anticipation building over a weekend meeting between OPEC members and other producers helped lift oil prices in early trading Friday, though doubts remain. ... more		Texas drilling permits lower than last year State regulators in Texas said they issued 2 percent fewer oil and gas drilling permits in November than last year, though signs of recovery are emerging. ... more

Develop commercial strategies for the global deployment of SMRs and Advanced Reactors

Only two OPEC members posted production declines Venezuela and Saudi Arabia were the only two OPEC members showing production declines, highlighting challenges ahead for a production deal, Platts reported. ... more		White House raises eyebrow over Rosneft deal An $11 billion deal with a Russian oil producer, commodity trader Glencore and a Qatari sovereign fund may be under sanctions review, the White House said. ... more		UK opens competitive bid for GBP 75 million orbital cleanup mission UK invests $191 mn in European satellite firm Eutelsat Bearings Used in Space Technologies: Engineering for the Final Frontier		Wood Mac: Mixed bag for oil and gas exploration next year Oil and gas explorers are expected to get a little leaner next year, but for those with good financials, potentially a bit meaner, Wood Mackenzie reports. ... more
Russia's stance on OPEC meeting seems fluid Russia's stance on a weekend production meeting between OPEC and non-member states remains fluid, with sources offering competing stances to Russian media. ... more		U.S. oil producers lifted by OPEC action Some oil producers in the United States are expected to see gains as oil prices recover on the back of OPEC's output agreement, Platts reports. ... more		Oil prices get lift on signs of balance A rebound in crude oil prices was softened somewhat by decisions from the European Central Bank, but found support Thursday from more signs of balancing. ... more		Trump under fire over environment pick President-elect Donald Trump came under fire Thursday for picking a global warming skeptic as his new environment chief, ahead of a visit to the American Midwest that helped him win the White House. ... more

	Oklahoma seeing gains from higher oil prices Oklahoma's economic footing has improved with the recovery in oil prices, though there are still lingering effects of the downturn, the state treasurer said. ... more		Russian oil producers loosely in line with OPEC Russian oil companies have warmed to an OPEC decision on production levels, but only in very loose terms, the Russian energy minister said. ... more

London, Paris tighten nuclear bond over US, Russia concerns

Iran says cooperation with UN nuclear watchdog will take 'new form'

Six killed in massive Russian drone, missile attack across Ukraine

Chevron outlines cut in exploration and production spending		Global consortium buys majority of UK gas business		Venezuela says Russia played key role with OPEC		Texas energy overseer drafts five-year plan		U.S. rig count increased more than 6 percent
One of the world's largest gas fields gets stimulus package		Oil prices sink for second consecutive day		Iran anticipates arrival of European energy representatives		British PM joins Gulf summit for post-Brexit trade talks		Cuban oil program accelerating

FMC, Technip merger latest in a trend

Oil prices crash as reality sets in

Statoil: Producers should play role in climate fight

More help coming to Afghan energy sector

Iran says it can sell as much oil as it wants

Gas prices follow the price of oil higher

BP keeping focus on North Sea

Iranian MPs declared victory with OPEC deal

Rally in oil prices knows no quarter

Once-mighty Chesapeake continues divestment streak

Li Ka-shing's Cheung Kong targets Australia's Duet

Fate of North Dakota pipeline may fall to Trump

Kurdish government short on oil export payments

Dakota Access Pipeline partnership cries foul

Manmade earthquakes in Oklahoma on the decline

Shale state of Oklahoma says 'thank you' to OPEC

U.S. wants more up-front talks on planning for oil and gas drilling

Statoil starts work at its largest asset in British North Sea

French company reconfigured gas supply contracts

Oil prices sputter out of the gates after historic rallies

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