Oil and Gas News

April 13, 2015

Statoil makes oil discovery in Gulf of Mexico
New Orleans (UPI) Apr 10, 2015
At the same time that its industry peers are touting the region's success, Norwegian energy company Statoil, said it made an oil discovery in the Gulf of Mexico. The Norwegian major announced it made an oil discovery in the Yeti prospect of the Gulf of Mexico. "We are analyzing data to determine the size of the discovery in order to consider future appraisal options," Jez Averty, a vice president for regional exploration, said in a statement. The discovery came as industry peer He ... read more

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Baker Hughes suspends key well count report Oil services company Baker Hughes announced it was suspending the publication of a quarterly barometer of the strength of the U.S. onshore energy sector. ... more		Woodside closes on Canadian energy acquisition Australian energy company Woodside Petroleum announced Friday it closed on a deal to acquire Canadian interests from rival Apache Corp. ... more		Greenpeace activists leave Arctic-bound oil rig Six Greenpeace activists who scaled an Arctic-bound Shell oil drilling rig in the middle of the Pacific Ocean abseiled down on Saturday, with the oil giant securing a restraining order against the environmental group. ... more
				Horse Hill oil discovery sparks fracking fears With major oil deposits uncovered in England, an advocacy group said it was concerned about the pace of the fledgling shale industry in the country. ... more		Oil jumps as Iran raises new challenge to nuclear deal Crude prices jumped Friday to finish a volatile week on a high note after Tehran raised new questions about the nuclear deal that would allow Iranian oil back into the market. ... more

Space Tech Expo - Design - Build - Test - Long Beach CA - May 19-21, 2015

Human 2 Mars Conference Mat 5-7 2015 - Washington DC

Hoeven: Infrastructure needed for oil boom The potential for funding for pipeline safety will help ensure the infrastructure is in place to support U.S. energy trajectory, a North Dakota senator said. ... more		Faroe boasts of North Sea dominance Faroe Petroleum said Friday it's among the regional leaders in terms of Norwegian operations after announcing results from a North Sea exploration well. ... more		Ex-US climate envoy: Trump threatening 'consensus science' worldwide How did an Indian zoo get the world's most endangered great ape? Australian scientists grapple with 'despicable' butterfly heist		Jihadists attack Iraq's largest oil refinery Islamic State militants on Saturday launched suicide attacks against the Baiji oil refinery, Iraq's largest, a senior army officer said. ... more
				Oil prices end week up about 1 percent Oil prices held steady Friday ahead of key industry data as markets took a wait-and-see approach on strong Chinese economic momentum. ... more		Saudi role in energy markets is changing Saudi Arabia's role in global energy markets is changing, according to a new paper from an energy expert at Rice University's Baker Institute for Public Policy. The researcher found that the kingdom ... more

Army Network Modernization 2015 - Washington DC June 23-25

Wall Street Losing Millions From Bad Energy Loans Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oi ... more		Study finds a natural oil dispersion mechanism for deep-ocean blowout A first-of-its-kind study observed how oil droplets are formed and measured their size under high pressure. They further simulated how the atomized oil spewing from the Macondo well reached the ocea ... more		Constellations of Power: Smart Dragon-3 and the Geopolitics of China's Space Strategy Ten Years Later, LIGO is a Black-Hole Hunting Machine NASA awards Blue Origin new lunar mission to deliver VIPER rover in 2027		Methane monitoring method reveals high levels in Pennsylvania stream A new stream-based monitoring system recently discovered high levels of methane in a Pennsylvania stream near the site of a reported Marcellus shale gas well leak, according to researchers at Penn S ... more
Apache Corp. unloads Australian subsidiary Apache Corp. said it was strengthening its position in the North American market through the $2.1 billion sale of its Australian subsidiary. ... more		Saudi demand optimism lifts oil prices Prospects for a brief slowdown in U.S. oil production and demand expectations from Saudi Arabia gave oil prices a major lift in Thursday trading. ... more		Iraqi oil producer Gulf Keystone still for sale Iraqi oil player Gulf Keystone Petroleum said Thursday it's still in talks about a sale of the company despite significant achievements in the country. ... more		China on tap for Iranian 'Peace Pipeline,' report says Pakistani officials said they're building a natural gas pipeline that could stretch to Iran with anticipation of financial support from the Chinese government. ... more

	Gazprom Neft compensated with Iraqi oil Russian energy company Gazprom Neft said Thursday it received its first batch of oil from the Badra field in Iraq as compensation for field development costs. ... more		Riyadh reasserts oil market influence Production commitments from Saudi Arabia, coupled with a low price prediction from the United States, dealt a blow to crude oil prices Wednesday. ... more

Russia offers to extend nuclear arms limits with US

Saudi Arabia and Pakistan sign mutual defense pact

Brazil, Chile sign defense agreement

U.S. rig count down 17 percent from February		Islamic State revenues hit by lost Iraqi oil fields: report		Shell sees leverage with BG grab		Texas shale durable, report finds		Iran's oil minister heads to China
Woodside finds more gas offshore Australia		Jordan cleared for Israeli gas deliveries		Iranian media calls for boycott of Saudi oil		Oil prices drop on potential Iranian oil for China		Libya expects more oil production soon, report

Energy conference in Norway canceled because of weak market

Shell takes legal action over Greenpeace protest on rig

U.S. gas prices continue to drop

Get serious on oil trains, NTSB tells industry

Oil prices down in Asian trade

Oil prices spike on end of Saudi discount

Iraqi oil exports reached 2015 record in March

Iran expecting foreign cash in oil sector

Russia, Vietnam sign energy agreements

Search continues for Pemex rig workers missing since Wednesday

Greenpeace boards oil rig, Shell slams 'stunt'

Texas energy sector can weather the storm, officials say

Economic risks may emerge in North Dakota

Oil price falls as Iran nuclear framework reached

NRDC: Oil, gas violations largely unreported

Hercules lands rig deal after Saudi blow

U.S. crude oil storage hammers oil prices

Zhou Yongkang: oil man whose well of power finally ran dry

Woodside Petroleum closes on Apache grab

Petrobras shares rise after deal with Chinese bank

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