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News About Oil And Gas
May 17, 2016
Statoil to help tap Turkish gas
Stavanger, Norway (UPI) May 16, 2016
Norwegian energy company Statoil said Monday it signed an agreement with a Canadian exploration company to help explore the shale gas potential in Turkey. According to the terms of an agreement, Statoil takes a 50 percent stake in the Barnali license in northwestern part of Turkey, while Toronto-listed Valeura Energy keeps the remaining shares and stays on as the operator in an area known to produce gas for nearly 100 years. Statoil agrees to help finance the exploration in an area that ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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Oil prices move closer to $50 per barrel on supply fears
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BP takes stronger role in North Sea gas
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North Dakota rig count at lowest since 2005
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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
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Canadian oil services start to return
Employees are on the ground in and around the Fort McMurray area of Alberta to start bringing oil sands operations online, companies said Monday. ... more
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Saudi Arabia's credit rating lowered
While strong when compared with other sovereign credit ratings, Saudi Arabia's fiscal health remains under threat from low oil prices, Moody's said. ... more
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Shell: No oil expected to reach shore
Recovery is ongoing and oil spilled from the Glider field in the U.S. waters of the Gulf of Mexico is moving west with no shoreline impact expected, Shell said. ... more
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Microwaved nanoribbons may bolster oil and gas wells
Wellbores drilled to extract oil and gas can be dramatically reinforced with a small amount of modified graphene nanoribbons added to a polymer and microwaved, according to Rice University researche ... more
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Russia sees oil market balance in 2017
Barring any compromise among OPEC members or a serious degradation in Middle East security, oil markets won't balance until next year, Russian analysis finds. ... more
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OPEC: Energy industry spending to decline
Global spending in exploration and production over the next two years is expected to be about half what it was between 2012 and 2014, OPEC said in a monthly report. ... more
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US unveils first federal methane regulations
The United States on Thursday unveiled the first federal regulations on methane - a powerful greenhouse gas that accelerates global warming - aimed at reducing emissions from new oil and gas operations. ... more
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Seven dead in raid on Iraqi gas plant claimed by IS
Suicide attackers stormed a gas plant north of Baghdad Sunday, killing at least seven people and setting fire to tanks in the latest such assault claimed by the Islamic State group. ... more
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Canada's oil production weakened by Fort McMurray fire
Even as the situation becomes less severe, it may be the third quarter of 2016 before Canadian oil sands operations return to normal, a government report shows. ... more
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Oil prices fall on oversupply concerns
Oil prices fell sharply in early Friday trading after OPEC reported in its latest monthly report that production increased while the global economy stood still. ... more
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North Dakota oil production drops
North Dakota crude oil production dropped about a full percentage point over the course of a month because of lingering market pressures, a regulator said. ... more
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More than 2,000 barrels of oil spilled in Gulf of Mexico
More than 2,000 barrels of oil were released into the U.S. waters of the Gulf of Mexico about 97 miles from the southern tip of Louisiana, Shell said. ... more
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British Columbia may reap rewards from gas
Natural gas growth means the provincial economy in British Columbia outpaces the rest of Canada, through the market carries risk, a national report said. ... more
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More oil services back online in fire-ravaged Canada
More facilities were returning to normal in the Fort McMurray area of Alberta, with Enbridge the latest to return some infrastructure to regular service. ... more
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Wintershall ready to start drilling
A subsidiary of German oil and gas producer Wintershall said it awarded a contract to Halliburton for work in the Norwegian Sea, describing it as a market booster. ... more
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No call to sit with OPEC in June, Russia says
There's been no invitation extended to the Russian government to attend next month's summit of members of OPEC, Russia's energy minister said. ... more
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Oil prices rally on return of market balance
Data showing strong gains in global demand and a year-on-year slowdown in growth in oil production led to a rally in crude oil prices in early Thursday trading. ... more
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Nigerian militant group issues manifesto
A militant group in Nigeria calling itself the Niger Delta Avengers issued a warning Thursday to oil companies, saying their campaign has just begun. ... more
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Radioactive isotopes reveal age of oil and gas wastewater spills
Spills from oil and gas operations can contaminate local water and soil with high levels of toxic chemicals, salts and radioactivity, but in many cases there is insufficient information to determine ... more
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Oil-eating bacteria came to the rescue after BP spill
Microscopic bacteria played a crucial role in the cleanup of the devastating 2010 BP Gulf of Mexico oil spill, scientists who decoded the genomes of the oil-eating organisms reported Monday. ... more
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Texas drilling permits down 20 percent
The number of oil and natural gas drilling permits issued by Texas regulators in April was lower year-on-year by 20 percent, state data show. ... more
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OMV expects rough waters ahead
Austrian energy company OMV said it expects the natural gas market in particular to be challenging this year, focusing its sentiment on European strategies. ... more
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Oil prices mixed, to slightly lower to start Wednesday
Crude oil prices were mixed to start the day Wednesday, with Nigerian oil offline at the same time as North American markets breathe a sigh of relief. ... more
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Lundin Petroleum taking the high road
Swedish energy company Lundin Petroleum said there is no doubt the industry is under pressure, but stressed its assets offshore Norway should spur recovery. ... more
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