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Oil News and Gas News
July 29, 2016
OIL AND GAS
Shell focusing on 'lasting changes'
The Hague, Netherlands (UPI) Jul 28, 2016
Lower crude oil prices continue to present problems for the industry and Shell is now focused on retooling efforts, the chief executive officer said. "We are making significant and lasting changes to Shell's working practices and cost structure," CEO Ben van Buerden said in a statement. Shell, moving through the year after a merger with British energy company BG Group, said net income during the second quarter fell more than 70 percent to $1.18 billion. The company attributed the decline ... read more

Previous Issues Jul 28 Jul 27 Jul 26 Jul 25 Jul 24
OIL AND GAS

Texas crude oil production down from last year
Total crude oil production in Texas recorded nearly a 3 percent decline year-on-year for May, a state energy regulator reported. ... more
OIL AND GAS

Oil prices moving lower on market sentiment
Crude oil prices searched for momentum in early Thursday trading amid uncertainty about the prospects for major energy market recovery. ... more
OIL AND GAS

Husky coordinating with Saskatchewan oil spill response
Husky Energy said it has more than 400 people on the ground in Saskatchewan responding to an oil spill and committed itself to a transparent investigation. ... more
OILGASDAILY


OIL AND GAS

Conoco sees production falter after Canadian fires
North American energy giant ConocoPhillips said second quarter production was lower in part because of the impact of wildfires this year in Canada. ... more


OIL AND GAS

Baker Hughes: Only posting a 10 percent loss is good
All things considered, a 10 percent decline in revenue for the second quarter is encouraging, the top executive at oilfield services company Baker Hughes said. ... more

Transition from Operations to Decommissioning by Preparing a Safe, Cost-Effective Shut Down and Waste Management Strategy


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OIL AND GAS

Hess reports loss, but preformed better than last year
Lower production and a lower selling price for oil meant a loss for the second quarter, though Hess Corp. said results were better than last year. ... more
OIL AND GAS

Woodside contracts for major Australian oil field evolving
Securing a deal to help develop an oil field offshore Australia that's the target of a $1.9 billion investment shows wins are still available, Technip said. ... more
24/7 News Coverage
CO2 can be stored underground for 10 times the length needed to avoid climatic impact

Effects of past tropical deforestation will be felt for years to come

Europe backing 'limitless' energy project in France

Solar plane completes epic round-the-world trip

Newly discovered material property may lead to high temp superconductivity

Biological wizardry ferments carbon monoxide into biofuel

Reducing carbon emissions using waste marble powder

OIL AND GAS

Statoil keeping production expectations in place
Even though low oil prices resulted in weak earnings, Norwegian energy company Statoil said it was keeping its production expectations unchanged for the year. ... more
OIL AND GAS

KazMunaiGas threatens action over Romania refinery seizure
Kazakhstan's state oil company KazMunaiGas on Wednesday threatened to seek international arbitration against Bucharest over the seizure of its refinery in eastern Romania in a tax fraud probe. ... more
OIL AND GAS

Oil prices mixed as investors weigh latest earnings
Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. ... more
2nd Integrated Air and Missile Defense - Securing the Complex Air Domain: Requirements for Sustainable, Global, and Reliable Solutions to Next Generation Air & Missile Threats - 28-30 September, 2016 | Washington D.C. The World's Largest Commercial Drone Conference and Expo - Sept 7-9 - Las Vegas
Cryogenic Buyer's Guide
OIL AND GAS

Oil company Tullow turns a profit
While reporting a profit from its base in London, oil and gas explorer Tullow Oil said Wednesday oil from one of its major investments is expected next month. ... more
OIL AND GAS

Issues reported before Saskatchewan oil spill
Husky Energy said it reported anomalies on a pipeline system the night before it ruptured and released oil into the North Saskatchewan River. ... more
Space News from SpaceDaily.com
Avoiding stumbles, from spacewalks to sidewalks

Tile Bonding Begins for Orion's First Mission Atop Space Launch System Rocket

NASA's Next Planet Hunter Will Look Closer to Home

The preventive destruction

Astronomers Gain New Insight into Magnetic Field of Sun and its Kin

CryoSat sets new standard for measuring sea levels

How comets are born

OIL AND GAS

A 'smart dress' for oil-degrading bacteria
Bionanotechnology research is targeted on functional structures synergistically combining macromolecules, cells, or multicellular assemblies with a wide range of nanomaterials. Providing micrometer- ... more
OIL AND GAS

Texas economist warns against exuberance
Moderation in crude oil prices during the second quarter of the year shouldn't translate to an overwhelming sense of optimism, a Texas economist said. ... more
OIL AND GAS

Canada phasing out some oil railcars early
Getting older rail cars that carry crude oil out of service quicker means eliminating the weakest link in the chain of safety, the Canadian government said. ... more
OIL AND GAS

Pessimism bubbles up to leave oil prices mixed
Crude oil prices were trading in mixed territory early Tuesday after BP said more output was expected, but market recovery would be slow. ... more
OIL AND GAS

Energy issues in Turkey's hands, Russia says
Decisions related to natural gas transit infrastructure tied to Russian supplies are in the hands of the Turkish government, a Gazprom chairman said. ... more

OIL AND GAS

AAA: Gas prices will stay lower this summer
Pointing to a market flush with fuel supplies, motor club AAA said less than 1 percent of retail service stations are selling gas above the $3 mark. ... more
OIL AND GAS

Emergency declared after Husky oil spill
A city government in central Canada declared a state of emergency as an oil spill into an area river travels downstream to threaten drinking water supplies. ... more
Military Space News, Nuclear Weapons, Missile Defense
US Launches Atlas V Rocket With Spy Satellite - United Launch Alliance

Russia About to Drastically Boost Its Orbital Surveillance Capabilities

British MP in China propaganda video 'deeply concerned'

VSE reactivating mothballed frigates

Bell-Boeing gets $544 million Osprey contract modification

Five US troops wounded in Afghanistan: military

Turkey reshuffles military top brass in wake of coup





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OIL AND GAS

BP planning to bring more barrels online

OIL AND GAS

Scotland working to protect EU relations

OIL AND GAS

Russian economy recovering slowly

OIL AND GAS

Market uncertainty drags oil prices lower

OIL AND GAS

North Dakota rig count up 10 percent

OIL AND GAS

Nord Stream planners reviewing next steps

OIL AND GAS

Russian company Gazprom Neft pumping 67,000 barrels of oil a day in eastern Iraq

OIL AND GAS

Oil spill threatens Saskatchewan drinking water

OIL AND GAS

Schlumberger: We've reached the bottom

OIL AND GAS

Poll: Republican voters see Big Oil as big deal

Polish antitrust body wary of Nord Stream II

Australia's Santos sees lingering industry pressures

Transocean's latest rig contract revised lower

Total lands LNG deal with Japan

Oil prices drift lower, balancing modest industry optimism

Chevron to send more gas to China

Woodside Petroleum expecting third quarter recovery

Oil prices drift lower as Europe weighs economic risks

Oil Search drops efforts in Papua New Guinea gas

Encana Corp. said to expect more drilling

Environmental groups blast Enbridge for 2010 spill

Russia revisits oil pipeline to avoid Black Sea

Enbridge to pay $177 million for US oil pipeline spills

Halliburton: Our strategy is working

Ohio shale fueling job growth, API director says

Total assessing Exxon bid on Papua New Guinea

Oil prices lower on weak demand

Scotland worried by economic pressures from Brexit

BHP lowers expectations for petroleum

Former Apache boss nabs Cabinet job in Alaska



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