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News About Oil And Gas
August 14, 2017
Canada: province hires special counsel to help fight pipeline
Ottawa (AFP) Aug 10, 2017
British Columbia's new social-democratic government hired external counsel Thursday to review a pipeline expansion in Canada's westernmost province, after vowing during a recent election to kill the project. Officials also said they would seek to join a court challenge of the Trans Mountain project and try to revive consultations with affected indigenous groups. That was a key condition of the pipeline's approval by the federal government last year, but some groups said it was inadequate. It is ... read more

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Mexican energy sector escapes Franklin more or less unscathed
Mexican refiners along the country's western coast were relatively spared as the remnants of Tropical Storm Franklin move out to sea, an industry report found. ... more
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Saudis ready to export more oil to Iraq
After discussions on compliance with an OPEC-led effort to balance the market, Saudi Arabia's energy minister said Iraq could be the target for more exports. ... more
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Rig movements increase offshore Norway
A $68 million agreement puts a deep water rig on patrol offshore Norway for nine months starting in February, the companies involved said Thursday. ... more
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OMV posts production, but weak financials
Austrian energy company OMV said it planned to spend less as the price of oil levels out, but boasted of production gains from Libya and offshore Norway. ... more
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Oil prices sink on IEA warning on balance
Crude oil prices drifted lower early Friday after a report from the International Energy Agency said the markets were balancing, but it's a stubborn process. ... more
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Saudi, Iraq vow stronger commitment to cut oil output
OPEC's top two producers agreed Thursday to strengthen their commitment to production cuts, as the oil cartel reported a collective increase in output last month in a setback for its deal to pump less. ... more
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Texas rig permitting nearly doubles from 2016
Accounting for about half of all the active rigs in the United States, the energy regulator in Texas said total drilling permits nearly doubled from last year. ... more
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Amec Foster Wheeler ready for new life with Wood Group
With oil and gas revenue dropping 18 percent, British project manager Amec Foster Wheeler said it was moving in the right direction by merging with Wood Group. ... more

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Oil production for Gazprom Neft up 5 percent
Russian oil company Gazprom Neft said its net production was up more than 5 percent from last year, driven in part by output from OPEC-member Iraq. ... more
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U.S. shale player Sanchez boosted by second quarter acquisition
U.S. shale exploration and production company Sanchez Energy said its output increased more than 40 percent over the first quarter of the year. ... more
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Geopolitical tension in the driver's seat for oil prices
Crude oil prices were on solid black territory in early Wednesday trading as geopolitical tensions escalated between the United States and North Korea. ... more
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U.S. could be world's No. 3 LNG exporter
The United States could be the third-largest exporter of liquefied natural gas in the world by the end of the decade, a short-term federal report found. ... more
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Continental Resources says it will do more with less
Continental Resources, one of the larger U.S. shale players, said it would be cash neutral in the current market, but raised its forecast for annual production. ... more
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United Arab Emirates, an OPEC member, eyes more oil production
Bringing new partners to the offshore sector could support the effort to boost production to 3.5 million barrels per day, the Abu Dhabi National Oil Co. said. ... more
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First batch of regional troops arrive in South Sudan
The head of South Sudan's UN mission announced on Tuesday the long-awaited arrival of troops from a regional force meant to patrol roads and quell violence in the war-ravaged country. ... more
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Moody's: Energy-rich Qatar facing economic risks
Qatar's finances remains exposed to risks associated with lingering regional disputes and declining oil-related revenues, Moody's Investors Service said. ... more

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Military Space News, Nuclear Weapons, Missile Defense
Air Force stands up new Space Operations Directorate

China showcases weapon systems to possible foreign buyers

Could the X-37B Space Plane be Preparing for a Mission in September

University of Florida, US Army develop model for lighter armor

Air Force, mission partners prepare satellite for August launch

1st ASTS provides critical support for Minotaur launch at Cape

DARPA assured autonomy seeks to guarantee safety of learning-enabled autonomous systems

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High demand means higher gasoline prices, report finds
Swelling consumer demand and pressure from crude oil prices means the average price for gas is 23 cents higher than this time last year, retail analysis finds. ... more
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Shale-rich Oklahoma sees widespread economic growth
Gross domestic product and production taxes from oil and gas in Oklahoma reveal the state economy is expanding, the state treasurer said. ... more
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Oil prices relatively even on wait-and-see Tuesday
Crude oil prices were relatively even early Tuesday as Libyan production resumes after a brief disruption, while anticipation stews over broader OPEC moves. ... more
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Libyan oil production issue resolved
Matters that led to a disruption at Libya's largest oil field have been resolved and the situation is improving, a spokesperson for an energy company said. ... more
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Win-win deal for Baker Hughes and offshore Papua New Guinea
From equipment services to appraisal activity, Baker Hughes, now a GE company, said it landed a first-of-a-kind deal for operations offshore Papua New Guinea. ... more
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Third gas discovery declared off the coast of Myanmar
Australian energy company Woodside Petroleum said it was reviewing its options after finding natural gas during an exploration campaign offshore Myanmar. ... more
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Barents Sea yields little for Norway's Statoil
Norwegian energy company Statoil said Monday it was upbeat about finding more oil and natural gas despite disappointing results in the Barents Sea. ... more
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Oil success continues offshore Senegal
Companies exploring the waters off the coast of Senegal said they've made another oil discovery just north of the flagship SNE oil field. ... more
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