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News About Oil And Gas
January 10, 2017
Russia: Few economic burdens with oil above $40
Moscow (UPI) Jan 9, 2017
Russia needs clear economic policies to prevent shocks from oil prices, though stability is expected at $40 per barrel, a development minister said. The Central Bank of Russia in late December reported a net contraction for full-year 2016, though the level of decline was less severe in the latter half of the year. The oil-dependent economy faced dual strains from the low price of oil and economic sanctions, but Russian Minister of Economic Development Maxim Oreshkin told business daily Kommersa ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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Oil-state of Oklahoma still under financial pressure
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North American rig count rises
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Oil prices dip on North American recovery
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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
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More staff reductions for Maersk Oil
Danish energy company Maersk Oil said it was cutting staff from one of its offices as part of the broader reorganization started last year. ... more
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More oil flowing from Kurdish north of Iraq
Results from a well in the Kurdish north of Iraq that was sidelined by lower crude oil prices are promising so far, Norwegian energy company DNO said. ... more
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Petrol taxes drop globally despite climate change: study
The average tax on petrol in 157 nations fell 13 percent from 2003 to 2015, even as the world acknowledged the need to slash greenhouse gases from fossil fuels, researchers reported Monday. ... more
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Dallas Fed: Energy sector slump a 'small shock'
A stronger U.S. dollar and last year's decline in the energy sector could be a "small shock" that weakens economic expansion, a Texas economist said. ... more
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Rex Tillerson goes to Washington, gets mixed review
The U.S. nominee for secretary of state and former Exxon Mobil CEO Rex Tillerson must address his close ties to Russia, a Senate Democrat said. ... more
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Gas prices last year were the lowest in 12 years
A federal survey of retail gasoline prices in the United States in 2016 found consumers paid the lowest average price at the pump last year in 12 years. ... more
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Weak start for oil prices after U.S. labor data
U.S. labor figures supportive of growth sentiments from central bankers and optimism about a price floor did little to kick off an oil price rally early Friday. ... more
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Safety issues found in Norwegian oil field audit
A Norwegian energy group has until February to address issues at one of its offshore assets, including evacuation routes, a safety regulator said. ... more
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Power struggle risks tipping Libya deeper into crisis
Escalating tensions between rival Libyan armed forces threaten to plunge the North African country deeper into turmoil only weeks after the fall of the Islamic State group's bastion Sirte. ... more
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More contracts for Johan Sverdrup oil field
An oilfield services company in Thailand said it's the latest in the line of those receiving contracts for Norway's giant offshore Johan Sverdrup field. ... more
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Albertans to receive carbon levy rebates
A carbon levy for residents in an oil-rich Canadian province has the dual purpose of advancing energy infrastructure and saving them money, an official said. ... more
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U.S. oil and gas lobby calls for industry-led energy revolution
The leading oil and gas lobbying group in the United States called on leaders in Washington to release the reins of regulation for the sake of the nation. ... more
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Texas economist says OPEC cut won't create global shortage
The OPEC-fueled market recovery hasn't been felt yet in Texas, where the energy sector appears to have bottomed out, an economist said. ... more
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Schlumberger continues acquisition trends
Oilfield services company Schlumberger said it continued where it left off last year with the acquisition of specialty company, Peak Well Systems. ... more
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Iraq cuts oil production per OPEC deal: ministry
Iraq has cut crude production by some 200,000 barrels per day as part of an OPEC oil cartel agreement aimed at boosting flagging prices, the oil ministry's spokesman said Thursday. ... more
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Oil prices move higher with more OPEC commitments
Additional commitment to an OPEC production agreement and a decline in U.S. inventories pushed crude oil prices higher in early Thursday trading. ... more
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Military Space News, Nuclear Weapons, Missile Defense
Pentagon prepares new military options for Trump

Poland outlines big defence buys after NATO deployments

Xi calls for world without nuclear weapons

AUDS counter-UAV system achieves TRL-9 status

Northrop Grumman receives $140m BACN contract modification

Trump shakes postwar order, in blow to Europe

Estonians join paramilitary forces to face Russia fears

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Another North Sea production milestone
A field complex in the North Sea has passed a production milestone of 1 billion barrels of product, far more than expected, Aker BP said. ... more
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Iraq next to state commitment to OPEC cuts
Iraq has started trimming crude oil production in a managed fashion in order to comply with an OPEC agreement, the oil minister said. ... more
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Hope, and fear, as US Gulf allies look to Trump
US Gulf allies are looking at Donald Trump to tilt Washington in their favour, analysts say, but fear a dangerous void if the incoming president goes so far as to tear up the Iran nuclear deal. ... more
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Fire out at oil platform, U.S. Coast Guard says
A fire reported early Thursday at an oil production platform is out with no indications so far of pollution in the Gulf of Mexico, the U.S. Coast Guard said. ... more
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Norway's Statoil planning more drilling
Norwegian energy major Statoil said it would drill 30 percent more exploration wells than it did in 2016 and most of those will be in domestic basins. ... more
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Exxon, Tillerson address conflict of interest concerns
All ties are severed between Exxon Mobil and Rex Tillerson to address any conflicts of interest if he's confirmed as U.S. secretary of state, the company said. ... more
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Oil prices down after first-day optimism fades
Crude oil prices lost some ground in early Wednesday trading as competing narratives pulled on market direction after sharp volatility in the previous session. ... more
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Dozens of companies land Nigerian crude oil contracts
Nigeria's state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. ... more
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