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Oil News and Gas News
December 11, 2016
OIL AND GAS
Russia's stance on OPEC meeting seems fluid
Moscow (UPI) Dec 9, 2016
Russia's stance on a weekend production meeting between OPEC and non-member states remains fluid, with sources offering competing stances to Russian media. Russian Oil Minister Alexander Novak this week said there were proposals in circulation about last week's agreement from members of the Organization of Petroleum Exporting Countries to hold production steady starting in January. The levels that would need to be cut to meet the terms of the agreement are about what OPEC expects for production ... read more

Previous Issues Dec 10 Dec 09 Dec 08 Dec 07 Dec 06
OIL AND GAS

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
OIL AND GAS

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
OIL AND GAS

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
OILGASDAILY


OIL AND GAS

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


OIL AND GAS

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

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OIL AND GAS

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
OIL AND GAS

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
24/7 News Coverage
Capuchin monkeys produce sharp stone flakes similar to tools

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Scientists examine bacterium found 1,000 feet underground

Smallpox, once thought an ancient disease, may have emerged in more recent times

Macaques have the anatomy, not the brain, for human speech

Why cryptophyte algae are really good at harvesting light

Critical zone, critical research at the weathering zone

OIL AND GAS

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
OIL AND GAS

Chevron outlines cut in exploration and production spending
Chevron said its spending plans next year for exploration and production should be about 15 percent lower as market pressures endure for the company. ... more
OIL AND GAS

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

Global consortium buys majority of UK gas business
Companies from Australia, China and Qatar have purchased a majority stake in the gas distribution business of Britain's National Grid, the group announced on Thursday. ... more
OIL AND GAS

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
Space News from SpaceDaily.com
Juno Mission Prepares for December 11 Jupiter Flyby

Early US astronauts faced uncertainty, danger and death

Japan launches 'space junk' collector

Will Earth still exist 5 billion years from now

Amateur astronomer helps uncover secrets of unique pulsar binary system

ULA launches eighth Wideband Global SATCOM satellite

Air New Zealand signs contract for Inmarsat's GX Aviation

OIL AND GAS

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
OIL AND GAS

U.S. rig count increased more than 6 percent
With oil prices recovering from yearly lows, oilfield services company Baker Hughes said there was an increase in U.S. exploration and production activity. ... more
OIL AND GAS

Texas energy overseer drafts five-year plan
The newly-minted head of a Texas oil and gas commission said her focus over the next five years was to lower the economic burden for the industry. ... more
OIL AND GAS

Venezuela says Russia played key role with OPEC
Russia was pivotal in the decision last week by members of OPEC to agree to a production ceiling starting in January, Venezuela's oil minister said. ... more
OIL AND GAS

Oil prices sink for second consecutive day
Crude oil prices recorded a second straight day of steep declines Wednesday as data suggest supply-side pressures building in spite of OPEC's best efforts. ... more

OIL AND GAS

Iran anticipates arrival of European energy representatives
Iranian media reported Wednesday a delegation from Austrian energy company OMV is en route to Tehran to explore stronger energy ties with the Islamic republic. ... more
OIL AND GAS

One of the world's largest gas fields gets stimulus package
An estimated $1 billion in assistance will help Azerbaijan develop its flagship Shah Deniz complex in the Caspian Sea, the Asian Development Bank said. ... more
Military Space News, Nuclear Weapons, Missile Defense
Satellite images appear to show Vietnam dredging on disputed reefl

China's Xi calls for stricter party control of universities

New film explores Russian society through dashcams

Sri Lanka navy breaks up dock worker strike

Wedding in Mosul displaced camp defies IS rule

Iraq police poised to enter Mosul

Iraq says air force struck dozens of IS fighters in west





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OIL AND GAS

British PM joins Gulf summit for post-Brexit trade talks

OIL AND GAS

Cuban oil program accelerating

OIL AND GAS

FMC, Technip merger latest in a trend

OIL AND GAS

Oil prices crash as reality sets in

OIL AND GAS

Statoil: Producers should play role in climate fight

OIL AND GAS

More help coming to Afghan energy sector

OIL AND GAS

Iran says it can sell as much oil as it wants

OIL AND GAS

Gas prices follow the price of oil higher

OIL AND GAS

BP keeping focus on North Sea

OIL AND GAS

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

Iran takes note of foreign investors

Senegal primed as one of the next big oil players

Oil-rich Russia sees economic growth ahead

Gas prices steady after OPEC deal

OPEC deal more about balance than price

Israeli power to get gas from huge offshore field

Dallas Fed sees broad-based optimism

Talk of OPEC deal sends oil prices skyrocketing



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