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News About Oil And Gas
June 23, 2017
Iran begins sending gas to Iraq under major deal
Tehran (AFP) June 22, 2017
Iran has begun exporting gas through a pipeline to Baghdad under a deal set to make Iraq the Islamic republic's top customer, the oil ministry said. "Iran's natural gas exports to Baghdad began Wednesday evening," Deputy Oil Minister Amir Hossein Zamaninia said late Wednesday in comments carried by the ministry's Shana website. "The exports have started with a volume of seven million cubic metres a day and will eventually reach 35 million cubic metres," he said. The announcement came two day ... read more

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Alaska critical to U.S. energy strategy, federal government says
An estimated $3 million in high bids from an energy company looking to tap southern Alaskan waters is critical to U.S. interests, the federal government said. ... more
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Kuwaiti official says OPEC-led production cuts not working
The multilateral effort to bring the global energy market back to a balance between supply and demand has fallen short, an exporter told a Kuwaiti news agency. ... more
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Conflict of interest mars Michigan oil pipeline review
Michigan's attorney general said the state cut ties with a firm probing risks on a Great Lakes oil pipeline because of ties to Enbridge, the operating company. ... more
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Dallas Fed upbeat, but sees risk from lower oil prices
Despite the recent downturn in crude oil prices, a report from the Federal Reserve Bank of Dallas said the state economy is growing at a moderate pace. ... more
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Oil prices showing clear signs of daily gains
Crude oil prices notched early gains in Thursday morning trading on signs of some market balancing, though caution was urged about trajectory. ... more
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Anger in Nigeria's south over oil spill clean-up delay
Under a leaden sky in oil-rich southern Nigeria, young men hang around with nothing to do, covering their noses from the noxious fumes of the polluted swamp. ... more
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ENGIE: North Sea gas leak under control
French energy company ENGIE reported a gas leak from a field it operates in the Norwegian waters of the North Sea, but it's under control. ... more
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Norwegian oil production better than expected
Crude oil production from Norway, the region's top supplier, was better than expected, a national energy regulator said Wednesday. ... more

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Norway offers oil firms record number of Arctic blocks
Norway on Wednesday proposed to open up a record number of blocks in the Barents Sea to oil exploration despite protests from environmentalists and others fearing possible damage to the Arctic region. ... more
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Kazakhstan "hugely" important to oil and gas industry
Kazakhstan, with its strategic trade position and strong energy portfolio, is "hugely" import to the global energy sector, a director at GE Oil & Gas said. ... more
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Russian oil boss sees need for market stability
The head of Russian oil producer Lukoil said Wednesday he was looking for stability in crude oil prices in order to form a reasonable investment program. ... more
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Woodside: No merit to spat over Senegalese oil
After an Australian rival issued a plea to an international court, Woodside Petroleum said its claims to an oil basin offshore Senegal were validated. ... more
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Oil, gas giants could waste trillions in a 2C world: report
Thirty percent of investments planned by oil and gas majors over the next decade could be wasted if the world economy retools to cap global warming at two degrees Celsius, researchers warned Wednesday. ... more
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Saudi King Salman presides over reform effort
Saudi King Salman, who ascended the throne in January 2015 and the last of the "Sudairi Seven" to rule, has presided over wideranging efforts to transform his oil-dependent, conservative Islamic realm. ... more
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Technology linked to low carbon footprint, Norwegian energy company says
Norwegian energy company Statoil said it aimed to spend a quarter of its research funds on finding ways to do its work with a lower carbon footprint. ... more
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Claims over emerging oil basin in Senegal grow heatedw
Australian energy company FAR Ltd. said it was taking a dispute over the sale of emerging oil prospects offshore Senegal to the international courts. ... more

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Military Space News, Nuclear Weapons, Missile Defense
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Rafael unveils Drone Dome anti-drone system

General Atomics finishes key cockpit review for drone program

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Colorado reports modest gains from oil and gas sector
Strains from contractions in the oil and gas sector in previous years are in the past, though Colorado's government reported only modest sector gains. ... more
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Balance delay sends crude oil prices lower
Crude oil prices moved to fresh lows in early Tuesday trading on concerns that production from some OPEC members was thwarting rebalancing efforts. ... more
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Inventories, tropical storm system give support to crude oil prices
Crude oil prices inched into positive territory in early Wednesday trading as a tropical storm threatened port facilities in the U.S. Gulf of Mexico. ... more
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Illness prompts Tullow to reconfigure front office again
After reshuffling the desks at its front office earlier this year, Africa-focused Tullow Oil said Tuesday it has a new finance officer because of health issues. ... more
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Iran: OPEC production cuts are difficult
Cutting back on production levels is a difficult task for members of the Organization of Petroleum Exporting Countries, Iran's oil minister said Wednesday. ... more
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Venezuela president fires military brass amid unrest
Venezuela's President Nicolas Maduro fired four top military commanders Tuesday including the head of a police force that is accused of attacking anti-government protesters during months of deadly unrest. ... more
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Libya reviews oil production stimulus with Norway's Statoil
After resolving issues with German energy company Wintershall, Libya's state oil company said it reviewed raising production during talks with Norway's Statoil. ... more
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Low demand, high production means cheap gasw
Tepid consumer demand for gasoline and high levels of oil production from OPEC members means low prices at the pump, AAA said. ... more
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