Oil and Gas News

December 15, 2016

Shell makes deepwater breakthrough in Malaysia
The Hague, Netherlands (UPI) Dec 14, 2016
Tapping the deep-water oil prospects off the coast of Malaysia is indicative of the confidence of growth from those basins, Royal Dutch Shell said. Shell said it started oil production from the Malikai facility about 60 miles off the coast of Malaysia. It's the company's second such project in Malaysia and the first of its kind for Shell outside the U.S. waters of the Gulf of Mexico. Andy Brown, a director for exploration and production for Shell, said in a statement the start of operati ... read more

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Exxon starts possible post-Tillerson transition Exxon Mobil's top brass said the company was in the early stages of front-office changes now that Rex Tillerson is tapped as the next U.S. secretary of state. ... more		Fracking can harm drinking water, says US agency Hydraulic fracturing to release natural gas and oil can have a negative impact on the quality and availability of drinking water in the United States, the US government said Tuesday. ... more		Iraq works on southern oil export expansion British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a southern Iraqi port. ... more
				Oil companies in North Dakota awakening Energy companies working in North Dakota are shifting from a position of reserve to one of optimism with oil prices in recovery, a state leader said. ... more		OPEC balance sentiment pushes oil prices lower An OPEC report that balance would return to the oil market later than a previous rival forecast sent crude oil prices tumbling in early Wednesday trading. ... more

OMV trades assets for chance at Russian gas Austrian energy company OMV said it was set to increase its reserve base following an asset swap that gives it a footprint in Russian natural gas reserves. ... more		California seeks permanent ban on oil, gas prospecting California Governor Jerry Brown on Tuesday urged US President Barack Obama to ban oil and gas drilling off the state's coast to protect the oceans and fight global warming. ... 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		Shale player Continental ups production estimate While announcing new reserve opportunities in Oklahoma, shale player Continental Resources said it expects to end the year with more output than predicted. ... more
				Not So Prolific: U.S. Shale Faces A Reality Check The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the "breakeven" costs for the average shale well, the industry has deployed three general ... more		Rex Tillerson: from oil diplomat to secretary of state As chief of ExxonMobil, Rex Tillerson honed many of the skills inseparable from the exercise of high-level diplomacy: navigating complex geopolitics and pushing tough negotiations with friends and foes around the world. ... more

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

As oil prices go, so go gas prices, AAA says With crude oil prices on a sustained rally in the wake of deals cut by major producers, U.S. gas prices likely won't decline, analysis finds. ... more		Oil prices up, but gains softening Crude oil prices opened Tuesday in positive territory as the OPEC-fueled euphoria continues, though gains may be softening as a limit starts to emerge. ... 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		Russia to study Iranian oil fields Iran and Russia tightened their embrace in the energy sector through an agreement to study the prospects for oil fields near the Iraqi border, directors said. ... more
No free oil rides, IEA says Production agreements from some of the top oil nations in the world don't necessarily mean the return to the glory days of $100 oil, a Paris-based agency said. ... more		Leaked BP report reveals safety lapses: Greenpeace British oil giant BP faces safety shortfalls at its operations that could spark serious accidents, according to a leaked internal report published Tuesday by Greenpeace. ... more		Oil recovery may be emerging in North Dakota If state records are accurate when measured against industry data, the rig count in North Dakota gained significant ground after a weekend OPEC agreement. ... more		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

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

Finance sector warms to fossil fuel divestments: study		Oil prices surge on yet another OPEC maneuver		Leviathan gas field start date approved		Eni brings another partner to Egyptian gas giant		Moody's: A few 'ifs' for Iran's budget plans
Nerves enough to send oil prices higher		Texas drilling permits lower than last year		Only two OPEC members posted production declines		White House raises eyebrow over Rosneft deal		Wood Mac: Mixed bag for oil and gas exploration next year

Russia's stance on OPEC meeting seems fluid

U.S. oil producers lifted by OPEC action

Oil prices get lift on signs of balance

Trump under fire over environment pick

Oklahoma seeing gains from higher oil prices

Russian oil producers loosely in line with OPEC

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

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